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LA Times Real Estate News


Brad Pitt, Angelina Jolie sell Malibu house to Ellen De Generes
The talk show host pays $12 million for the 4,088-square-foot house with four bedrooms and four bathrooms. The ocean-view home sits on 1.26 bluff-top acres with beach access.

In one of the more talked-about transactions in town, actors Brad Pitt and Angelina Jolie have sold their Malibu beach house to daytime host and comedian Ellen De Generes for $12 million.



Author : By Lauren Beale, Los Angeles Times

Home prices decline for a third straight month
The Standard & Poor's/Case-Shiller index of 20 large U.S. cities fell 1.3% in November from October as foreclosures continue to drag down the housing market.

Three straight months of home-price declines in the biggest U.S. cities showed that foreclosures remain a significant drag on a housing market that is entering its fifth year of deterioration.



Author : By Alejandro Lazo, Los Angeles Times

Homeowner wins back her house after fighting foreclosure
Karen Mena managed to get a foreclosure on her San Bernardino home rescinded. But she continues to negotiate with Bank of America over loan terms and could still lose the house.

Foreclosure commonly represents the end of a struggle. A borrower can't pay a mortgage, loses a home and moves on.



Author : By Alejandro Lazo, Los Angeles Times

Many homeowners decide remodeling is wiser than moving
They don't believe they can sell their property for what it's worth, so they're spending money on making their homes more comfortable.

Do you fit any of these descriptions?



Author : By Kenneth R. Harney

Obama proposes refinancing plan for underwater homeowners
The president aims to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages.

 



Author : By Jim Puzzanghera, Los Angeles Times


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