Need news in a flash? Here’s what’s happening in your community
A new report from Trulia finds McMansions — big plots of land dotted with similarly styled homes — are losing appeal in some areas of the country. The McMansion premium in Orange County was 100.4 percent 10 years ago, and today, the premium for a McMansion home that has a median price of $1,323,769 is 105.6 percent.
Compare this to Los Angeles, where the premium for a McMansion-type has gone from 76.2 percent for a $997,568 home in 2006 to a premium of 71 percent for a $907,192 home in 2016. The drop in L.A.’s McMansion premium was 25.3 percent between 2012 and 2016.
Los Angeles Realtor Desiree Lapin dives into the commission benefits of scooping up off-market listings and how to find them.
Apartment List’s latest Renter Survey studied renter satisfaction across major metros, grading factors such as affordability, crime, jobs and weather. Los Angeles scored satisfactory, with a C grade, which was pulled down by affordability and school rankings.
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