Andrew Khouri

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So far Andrew Khouri has created 6 blog entries.

All-cash offers, wealthy buyers push Southern California home prices to a record

Southern California home prices hit a record in March amid sky-high mortgage interest rates, a combination that’s creating the most unaffordable housing market in a generation.The average for the six-county region reached $869,082 in March, according to Zillow. That’s up 9% from a year earlier and 1% higher than the previous all-time high in June

By |2024-04-11T09:54:07-07:00April 11th, 2024|Industry News|

California is building fewer homes. The state could get even more expensive

Ken Kahan makes a living building homes. A specialty? Luxury apartment complexes in Los Angeles neighborhoods such as Palms and Silver Lake filled with mostly market rate units, but with a handful of income-restricted affordable ones as well.It can be a good business, but lately less so.“We have pulled back,” said Kahan, the president of

By |2024-04-02T09:56:22-07:00April 2nd, 2024|Industry News|

Landlord Arnel Management illegally withheld security deposits, attorney general alleges

Arnel Management Co. has agreed to settle allegations it illegally withheld security deposits, the California attorney general announced Friday. The move came nearly eight years after a Times story detailed reports from tenants who alleged that the major Orange County landlord deducted hundreds of dollars for unneeded cleaning and repairs even when residents left their

By |2024-04-02T09:56:26-07:00April 1st, 2024|Industry News|

L.A. County settles PACE loan lawsuits; affected homeowners to receive millions

Los Angeles County has agreed to a $12-million settlement to resolve allegations that its home improvement lending program wrecked the finances of many borrowers and left them vulnerable to foreclosure.The settlement, granted preliminary approval Monday by an L.A. County Superior Court judge, comes six years after some homeowners sued the county in twin suits alleging

By |2024-03-27T09:53:18-07:00March 26th, 2024|Industry News|

Realtors agree to make commission changes in deal that could reduce costs for consumers

The National Assn. of Realtors on Friday said it will make changes to its commission rules to settle national allegations the requirements stifled competition, a move that may reduce costs for consumers.The settlement, which still must receive court approval, could mark a major change in the housing market. Today, sellers typically pay a 5% to

By |2024-03-15T09:52:25-07:00March 15th, 2024|Industry News|
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