Month: August 2021

(iStock) No surprise here: Los Angeles is still extremely unaffordable. The City of Angels again ranked as the country’s second least affordable city for prospective homebuyers, according to a report published Monday by the website RealtyHop. “It’s essentially telling us a story that we’ve been hearing for a while,” said Shane Lee, a data scientist…

A section of a roof that was blown off of a building in the French Quarter (Getty) Hundreds of helicopters and boats ferried rescuers through New Orleans to save people trapped by floodwaters in the wake of Ida, a Category 4 hurricane that battered Louisiana and Mississippi with winds up to 150 miles per hour…

Charles Fries (Getty) An estate in Beverly Hills once owned by Paramount Pictures and later by producer Charles Fries is hitting the market for $25 million. The main house was built in 1931 and spans about 10,200 square feet, according to the Wall Street Journal. Paramount Pictures owned the property between 1968 and 1972. Fries…

Berkeley mayor Jesse Arreguin (Sylvia Fredriksson/Flickr, iStock) California lawmakers gave initial approval to a bill that would allow for two-unit buildings to be built on lots that had previously been limited to single-family home construction. A large part of the affordable housing shortage in the state is because the population is growing, but the number…

A rendering of Archer’s proposed air taxis from REEF’s parking garages (Archer/Twitter) REEF Technology has unused flat rooftops. Archer Aviation has electric mini-helicopters. Together, they might have something. The two firms are partnering to run Archer’s proposed air taxis from REEF’s parking garages in Miami and Los Angeles. The partners aim to launch air taxi…

Evergrande Group CEO Hui Ka Yan (Getty) China Evergrande Group warned that its real estate wing recorded a loss in the first half of the year for the first time since at least 2009. The company’s property business incurred a loss equivalent to about $618 million, according to the Wall Street Journal. The parent company…

A street where every house had burned down after the 2018 fire in Paradise (Getty) A California town devastated in the 2018 Camp Fire is buying up its most vulnerable properties to stave off future fires. Paradise city officials want to turn those properties into fire-resistant green spaces, according to KCRW. If the buyers are…

The original 1960 Winter Olympic rings in the Squaw Valley Ski Resort (Getty) A California appeals court blocked a long-planned expansion of Squaw Valley Ski Resort over environmental concerns. The development would have 850 residential units and hotel rooms on the resort’s parking lot, and would include a 90,000-square-foot entertainment center and water park. The…

More and more homebuyers and investors are coming to the negotiating table with cash in hand. (iStock) Single-family home in Buffalo or Detroit More and more homebuyers and investors are coming to the negotiating table and closing deals with cash in hand. A third of all U.S. single-family homes and condominiums sold in the second…

Bill Russell and the Mercer Island home (Getty, Redfin) The Seattle Supersonics are long gone, but the house of its most famous coach is still around — and is now for sale. Basketball Hall of Famer Bill Russell has listed the modest Seattle spread for $2.6 million. The former NBA player and coach bought the…