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FILE - A House For Sale sign is displayed in front of a home in Evanston, Ill., Wednesday, March 25, 2026. (AP Photo/Nam Y. Huh, File)

Home sales hit a 16-year low on high mortgage rates

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 16 years as mortgage rates climbed sharply, ratcheting up borrowing costs for aspiring homebuyers.

Los Angeles, CA - November 12, 2026: A ground view shows Oceanwide Plaza, also known as the "Graffiti Towers," across the street from Crypto.com Arena in downtown Los Angeles, where much of the graffiti has been removed following an extensive cleanup effort. Los Angeles City Councilmember Ysabel Jurado, Dr. Kali Chaudhuri, founder and chairman of KPC Group, and Brad Sharp, chief restructuring officer for Oceanwide Holdings, joined representatives from KPC Square LLC, a joint venture between KPC Group and Lendlease, and downtown stakeholders Thursday to mark a major graffiti abatement milestone. The cleanup has dramatically transformed the appearance of the three-tower development, signaling renewed momentum toward restoring and ultimately completing the long-stalled property. (Allen J. Schaben / Los Angeles Times)

Notorious Graffiti Towers wiped clean in downtown Los Angeles

DANA POINT CA-NOV. 9: Waves crash against homes along Beach Rd at Capistrano Beach during high-tide in Dana Point, CA on Friday, November 9, 2026. Historic high tides and storms have caused significant damage to homes along Beach Road in Dana Point/Capistrano Beach, creating a dangerous and urgent situation for residents and beach visitors as an historic El Nino season approaches. (Sandy Huffaker / For The Times)
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California’s coast is eroding, but beachfront homes are still worth millions. Will El Niño change that?

A drone photograph of waves crashing against E Seaside Walk

No one wanted this Long Beach home until waves crashed into its living room

Rendering of ElevenOneEleven, a 344-unit apartment complex under construction at Jefferson and Sepulveda boulevards in Culver City.

New Culver City development will add hundreds of apartments, two parks and restaurants

Pool area with palm trees at Ritz Carlton Laguna Niguel, Dana Point, California, December 23, 2025. (Photo by Smith Collection/Gado/Getty Images)

Dana Point landmark Ritz-Carlton, Laguna Niguel resort sells for $600 million

Rendering of a proposed project in Joshua tree called the Compass Yacht Club will be a site for a 58 room nautical-themed boutique hotel with a restaurant and bar, wellness center, pool and other entertainment spaces on site.
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They’re building a ‘sandlocked yacht club’ in Joshua Tree — and it looks otherworldly

FILE - A House For Sale sign is displayed in front of a home in Evanston, Ill., Wednesday, March 25, 2026. (AP Photo/Nam Y. Huh, File)

Home sellers are lowering their price and helping buyers to make a deal in a stagnant market

Los Angeles, CA - October 01, 2026: Lisa Akey and Blake Steury pose for a portrait outside of their home in Atwater Village on Thursday, Oct. 1, 2026 in Los Angeles, CA. Actress Lisa Akey and husband Blake Steury, who works for a LED technical group, bought a charming 1916 Craftsman in Atwater Village in 2024 and proceeded to make it better. The two love working together on projects and have updated the three bedroom home and ADU in a variety of ways, including adding a pergola, bricks in the backyard and landscaping. The main home features classic Craftsman details including original custom woodwork, living room w/ fireplace, dining area with built-in cabinetry and desk. (Kayla Bartkowski / Los Angeles Times)
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They left the suburbs for a 1916 Craftsman with an ADU in a walkable L.A. neighborhood

The 22,300-square-foot home holds eight bedrooms and 15 bathrooms.

‘Minecraft’ creator asks $70 million for Beverly Hills mansion with 15 bathrooms, private nightclub

Rendering of CIM Group's planned 34-story apartment tower at 1000 N. La Brea Ave. in West Hollywood.

West Hollywood’s tallest tower could rise on a former concrete plant site

PEARBLOSSOM, CA - NOVEMBER 22, 2024 - - The chairs at Ski Life Two are idle at the Mt. Waterman Ski Resort in the Angeles National Forest on November 22, 2024. The Mt. Waterman ski resort is in the process of being sold to investors who say they will revitalize what's considered the closest skiing opportunity to Los Angeles. The prospective owners say they will also bring glamping, high-end dining and exclusive access to members of a ski club they're developing. However, all of this is contingent on Forest Service approval, which they have not yet secured. Mount Waterman is a ski area on Waterman Mountain in the San Gabriel Mountains of the Angeles National Forest in Los Angeles County, California. (Genaro Molina/Los Angeles Times)

Mt. Waterman ski resort near L.A. relisted for $3.3 million after deal falls through

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