Copyright © 2022, Los Angeles Times | | | | Advertisement L.A. Times Today airs Monday through Friday at 7 p.m. and 10 p.m. on Spectrum News 1.  Los Angeles should penalize landlords who keep homes vacant as the city suffers a housing and homelessness crisis, several members of the Los Angeles City Council declared in a proposal unveiled Tuesday.City Councilmen Mike Bonin, Marqueece Harris-Dawson, Paul Koretz and David Ryu are asking city staffers to come back with options for an “empty homes penalty” or vacancy tax, which would likely have to go before voters for approval. They cited...…Copyright © 2022, Los Angeles Times | | | | Advertisement L.A. Times Today airs Monday through Friday at 7 p.m. and 10 p.m. on Spectrum News 1.  Los Angeles should penalize landlords who keep homes vacant as the city suffers a housing and homelessness crisis, several members of the Los Angeles City Council declared in a proposal unveiled Tuesday.City Councilmen Mike Bonin, Marqueece Harris-Dawson, Paul Koretz and David Ryu are asking city staffers to come back with options for an “empty homes penalty” or vacancy tax, which would likely have to go before voters for approval. They cited...WW…

Copyright © 2022, Los Angeles Times | | | | Advertisement Southern California home prices soared in March, rising by double digits for the eighth straight month as a pandemic-fueled housing boom continues to go strong. The six-county region’s median home price increased 14.5% from a year earlier to a record $630,000, according to data released Wednesday from real estate firm DQNews. The number of houses, condos and town homes that sold rose 32.2%. A mix of factors is , which extends nationwide, real estate agents and economists say.The housing market was heating up before the pandemic....…Copyright © 2022, Los Angeles Times | | | | Advertisement Southern California home prices soared in March, rising by double digits for the eighth straight month as a pandemic-fueled housing boom continues to go strong. The six-county region’s median home price increased 14.5% from a year earlier to a record $630,000, according to data released Wednesday from real estate firm DQNews. The number of houses, condos and town homes that sold rose 32.2%. A mix of factors is , which extends nationwide, real estate agents and economists say.The housing market was heating up before the pandemic....WW…

Copyright © 2022, Los Angeles Times | | | | Advertisement Millions of Americans unable to pay their rent during the pandemic face a snowballing financial burden that threatens to deplete their savings, ruin their credit and drive them from their homes.A patchwork of government action is protecting many of the most financially strapped tenants for now. But it could take these renters — especially low-income ones — years to recover, even as the rest of the economy begins to rebound.“Even if they say we can pay [missed rent] back in two or three years — that’s money we don’t have,” said Kelly...…Copyright © 2022, Los Angeles Times | | | | Advertisement Millions of Americans unable to pay their rent during the pandemic face a snowballing financial burden that threatens to deplete their savings, ruin their credit and drive them from their homes.A patchwork of government action is protecting many of the most financially strapped tenants for now. But it could take these renters — especially low-income ones — years to recover, even as the rest of the economy begins to rebound.“Even if they say we can pay [missed rent] back in two or three years — that’s money we don’t have,” said Kelly...WW…

Copyright © 2022, Los Angeles Times | | | | Advertisement In the middle of a global pandemic, Southern California home prices keep setting records. The six-county region’s median price reached $600,000 in August, up 12.1% from a year earlier, according to data released Wednesday by DQNews. That was the largest percentage increase since 2014 and the third consecutive month during which prices set a new all-time high. Sales rose 2.4% from a year earlier. “We have had houses with 40 to 50 offers,” said Syd Leibovitch, president of Rodeo Realty, which has offices throughout the Los Angeles...…Copyright © 2022, Los Angeles Times | | | | Advertisement In the middle of a global pandemic, Southern California home prices keep setting records. The six-county region’s median price reached $600,000 in August, up 12.1% from a year earlier, according to data released Wednesday by DQNews. That was the largest percentage increase since 2014 and the third consecutive month during which prices set a new all-time high. Sales rose 2.4% from a year earlier. “We have had houses with 40 to 50 offers,” said Syd Leibovitch, president of Rodeo Realty, which has offices throughout the Los Angeles...WW…

Copyright © 2022, Los Angeles Times | | | | Advertisement Southern California home sales and prices jumped in July as households brushed off economic uncertainty and rushed to take advantage of rock-bottom mortgage rates. Across the six-county region, sales of new and previously owned houses, townhouses and condos rose 27.7% from June and managed an increase of 2.5% from the pre-pandemic days of July 2019, according to data released Thursday by DQNews.The Southland’s median sales price — the point at which half the homes sold for more and half for less — climbed by the most since 2018,...…Copyright © 2022, Los Angeles Times | | | | Advertisement Southern California home sales and prices jumped in July as households brushed off economic uncertainty and rushed to take advantage of rock-bottom mortgage rates. Across the six-county region, sales of new and previously owned houses, townhouses and condos rose 27.7% from June and managed an increase of 2.5% from the pre-pandemic days of July 2019, according to data released Thursday by DQNews.The Southland’s median sales price — the point at which half the homes sold for more and half for less — climbed by the most since 2018,...WW…