Archive for July, 2012

The Incredible Shrinking Inventory

Monday, July 30th, 2012

SHRINKING INVENTORY GOOD NEWS FOR SELLERS     One of the sobering fundamentals shaping real estate this summer is shrinking inventory:  The supply of houses for sale has fallen significantly in most areas compared with a year earlier, sometimes dramatically so. In Los Angeles, available inventory is 49% lower than it was last summer, San […]

Real Estate Fantasy and Facts

Wednesday, July 25th, 2012

First the Fantasy, at least for the majority of us — One of Los Angeles’s most storied properties has hit the market for $150 million. The current Owlwood, which sits between Sunset Boulevard and the Los Angeles Country Club in Holmby Hills, was once three ridiculously over-the-top, celebrified estates, including Jayne Mansfield’s famous Pink Palace […]

Los Angeles City accuses U.S. Bankcorp of being a “slumloard”

Thursday, July 19th, 2012

Los Angeles has sued U.S. Bancorp accusing a unit of the fifth-largest U.S. commercial bank of becoming one of the city’s biggest slumlords and blighting the city by allowing hundreds of foreclosed homes to fall into disrepair.     Los Angeles City alleges that U.S. Bank NA has taken title to more than 1,500 foreclosed […]