Andrew Khouri

1 week ago | latimes.com | Andrew Khouri |Phi Do

Southern California home prices barely rose last month, as would-be buyers weren’t able — or willing — to bid up housing costs much further. Economists and real estate agents cited a variety of factors probably contributing to the trend, including high mortgage rates, rising inventory and the economic uncertainty caused in part by on-again, off-again tariffs.

1 week ago | latimes.com | Andrew Khouri

A new UCLA-Rand study supports a real estate industry argument that additional costs from the “mansion tax” have made it too tough to profit on many developments, thus killing potential deals. Backers of Measure ULA tout its positive impacts. Los Angeles’ “mansion tax” that funds affordable housing has likely led to a drop off in overall apartment construction, potentially worsening the city’s housing situation, according to a new report released Friday.

3 weeks ago | latimes.com | Andrew Khouri

Just off the Topanga Canyon exit of the 101 Freeway sits a prime example of modern, luxury apartment living. Built in 2020, the Clarendon Apartments in Woodland Hills feature poolside cabanas, a fire pit terrace and 24-hour community room with a kitchen and a billiard table. The apartments themselves are spacious — on average two-bedroom units top 1,000 square feet and go for more than $3,000 a month. Now, a key portion of that is about to change.

1 month ago | latimes.com | Andrew Khouri |Phi Do

Southern California home prices ticked up in February, the first increase in seven months. The average home price in the six-county region rose 0.3% from January to $874,382 in February, according to Zillow. Home prices had declined each month since August, which economists said was a reflection of tapped-out consumers and seasonal factors.

1 month ago | latimes.com | Andrew Khouri

A for-sale sign is posted in the 500 block of East Las Flores Drive in Altadena. The first vacant lot in Altadena went up for sale in late January. The listing promised “great opportunity to build” after the Eaton fire destroyed the home previously on the site. A few weeks later came half a dozen more listings. Now the floodgates appear open. “There is so many to choose from,” said Jeremy Hardy, a real estate agent with Craig Estates & Fine Properties.