A divided El Segundo City Council has approved a 33,000 sq ft facility on the west side of town where new military recuits would receive medical and written examinations.

Redondo Beach officials delayed approval this week for a conversial mixed-use development along PCH near Pearl St.

Rents at large managed apartment buildings in Torrance rose by 5% in the second quarter.

The dropout rate for public high school students is bleaker than previous data have shown.

Prices in the six-county region 29.3% in June compared with a year earlier. Some areas see sales rise as foreclosed houses are deeply discounted.

The Federal Reserve Board Monday unveiled rule changes intended to curb deceptive mortgage lending practices.

A government plan to extend a line of credit to Frannie Mae and Freddie Mac and buy stock in the companies if needed was not prompted by any sudden deterioration in Frannie Mae or Freddie Macs bottom lines and neither company has immediate plans to borrow from the government.

Company sites become mobile-friendly.

A California appellate court reversed a lower court's ruling and recognized a California Association of Realtors mediation clause related to attorney fees in real estate dispute.

Mortgage lender IndyMac Bancorp, struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plan to slash 3,800 jobs or more than half its workforce.

Despite a surge in home foreclosures in the region, the total assessed value of properties across Los Angeles County has increased for yet another year to more than $1 trillion.

Yahoo real estate improved to second on the Hitwise top-20 list of real estate websites in June from third in May, with ZipRealty.com jumping two places to third and Re/Max's remax.com sinking from second to third.

New website Pad4Pad.com allows seller to advertise where they are hoping to move next, so they can link up with buyers using the site.

The 26-unit project at 255 W Seventh Street will offer buyers financing through the government insured FHA, a program that allows for lower down payments.

The California housing market may be showing the first signs of a recovery after three years of declining sales and two years of rising foreclosures, the UCLA Anderson Forecast said today.

In an attempt to help lenders speed the process of getting real estate-owned properties off their books, the Federal Housing Administration will temporarily lift a 90-day waiting period for property resales financed by FHA-guaranteed loans.

According to a survery of home-design trends, the era of super-sized homes is giving way to downsizing. The American Institute of Architects suggests this is a possible byproduct of the housing-market downturn, weakened economy and changing demographic.

Strands of tiny white lights strung along trees will start illuminating a chunk of Main Street this week, marking the first stages of a long-planned marketing campaign that business owners hope will attract more shoppers to the commercial drag.

The strip of land that has housed the Cottone & Sons Christmas tree lot and pumpkin patch for the past decade has been sold to a developer who plans to construct retail and office space on the Torrance property.

Fannie and Freddie reverse the policy that made buyers cough up bigger down payments in certain locales.

Most South Bay and Harbor Area beaches earned decent marks on Heal the Bay's annual report card.

Torrance has tightened the South Bay's most liberal ordinance governing the hours construction activity is permitted.

In keeping with the area's academic tradition, South Bay schools continued to top a statewide performance index released Wednesday.

CAR launches $2.1 million ad campaign highlighting value REALTORS bring to the transaction.

CAR reports entry-level housing affordibility rises 18 percentage points in first quarter.

The bipartisan plan, which doesn't rely on taxpayers to foot the bill, still faces significant hurdles.

Analysts mixed on whether numbers indicate worst may be over.

Gas prices are high, food is more expensive and the job market is cold, but the U.S. may still avoid a recession.

The FHA plans to shift to a 'risk-based' system tied to credit data to price its mortgage insurance.

Bracing for the Boom: Baby boomers of Torrance and PV Peninsula

Angelenos selleing condominiums shouldn't have to pay the city $150 to fund as affordable-housing process that has never produced homes for low-income residents, according to a review by city officials.

Rolling Hills Estates' iconinc, white three-rail fencing is entering the modern age.

Thieves are stealing catalytic converters and 3rd row seats specifically targeting Toyota pick-up trucks and SUVs and Chevrolet Tahoe and GMC Yukons. These parts are hard to track once stolen because they are not seralized. The city of Manhattan Beach Police Department, in cooperation with the Manhattan Beach Public Works Department is offering a free etching service to etch your license plate number on your catalytic converters and 3rd row seats. This will be taking place Saturday, May 3 from 8AM to 2PM at the City Maintenance facility located at 3621 Bell Ave, MB. Please contact Sergeant Steve Tobias at 310-802-5123 to schedule an appointment.

If recent history is any guide, the euphoria that met the Fe's three-quarter-point reduction to a key interest rate Tuesday could be short-lived.

The Internal Revenue Service has handed investors and second-home owners a new gift in the form of a safety net that provides a "safe harbor" for taxpayers who wish to swap the property via a Section 1031 tax-free exchange even though they have enjoyed personal use of the property.

New name for tiny El Porto's commercial strip reflects the evolution of the once-raucous enclave and leaves some feeling the past is being cast aside.

With home prices in a downward spiral, the percentage of California households that can afford to finance an entry-level home increased in the last 3 months.

The chart lists median prices in thousands of dollars for sales in existing single family homes and condominiums by ZIP code.

Frustrated California renters take heed: A trade group says its getting easier for people to afford their first homes.

Sure, housing's in a hole. But there's a potent case for buying now, whether it's real estate or stocks.

Sure, housing's in a hole. But there's a potent case for buying now, whether it's real estate or stocks.

With the final piece of its steel frame welded and the first layers of stucco slathered on, the $450 million Terranea resort is finally taking shape at the former Marineland site.

Manhattan Beach City Council members have approved new building requirements they hope will put an end to so-called mansionization and preserve open spaces.

Redondo Beach school officials awoke Wednesday morning to find themselves part of an exclusive South Bay education club: School districts that win bond measures.

High-performing public and private schools on the Palos Verdes Peninsula may face an educational competitor if organizers of a charter school can open it by September.

Single Family Home / Condo

August through January year over year comparison

By this Friday, February 1st, it is expected that the Senate will make their comments to the House bill that has been approved. The new law is expected to go into effect Feb 15th. There are 19 metropolitan areas where the economic stimulus package's changes to the conforming loan limits would likely have an impact, according to this analysis from the Stanford Group Company, a Washington, D.C.-based financial services company. Of those, seven are in California and six are in the New York metro area. Stanford uses median home price data from the National Association of Realtors.

Contractors are slated to begin work this week on a long-awaited youth aquatics center at Dockweiler State Beach.

The economic stimulus plan worked out Thursday in Washington would provide nearly a year of cheaper loans for Californians buying or refinancing higher-cost homes, and news elicited jubilation in the beleaguered housing and mortgage industries.

If you get a pay envelope, Uncle Sam's about to put a little something extra in it. And he wants you to go out and spend, spend, spend.

Deal will raise limit on price of mortgages that Fannie Mae and Freddie Mac can purchase.

Single Family Home and Condo Sales 1993-2007

As California and much of the nation see home prices drop, the South Bay Association of Realtors today will release local statistics that appear to buck that trend.