Just like last year, Los Angeles County comes out at the top of the list with the county with the most millionaires. However, as the Wall Street Journal notes, "Los Angeles County, while still in the lead, lost about 7,000 millionaire households." Chicago's Cook County also lost around the same amount while Orange and San Diego Counties dropped slightly. All while Phoenix's Maricopa County gained 23,000 new millionaire households. Is that good for water use?......

Photo courtesy Charles Miller Last August in LAist's Neighborhood Project series we looked at the hidden jewel of Northeast Los Angeles (NELA, for those in the know) called Garvanza. In an area rich in history and craftsmanship sit several majestic old homes, grand dames in the Craftsman style dating back to the late 1800s. One of the homes featured in the story is the one located at 200 N Ave 66, known commonly as......

Photo by astacia5 via Flickr We've heard before that the sinking housing market would actually serve to increase the rent on apartments in Los Angeles, and we've had a few lively discussions about proposals to undo rent control laws. But who knew the rate increases would be so drastic? Today's LA Times is reporting on the going rates for a four-bedroom, eight-bath (eight???) Malibu beach house: $150 grand. Per month. Alright, granted this is......

The famous Neverland Ranch, which has hosted thousands of children in the past, was set to be auctioned off on March 19th. But yesterday, Michael Jackson made a deal with the company he owed $24.5 million to, avoiding the auction and the rumors that David Beckham was going to buy into the property according to an Associated Press news report. 150 miles north of Los Angeles in Los Olivos, the ranch is a 2,500 acre......

With all the recent hype about problems affording homes in Los Angeles and several of the Council members endorsing a plan to keep housing affordable, it appears that the City supports home ownership. However, in an email sent to mortgage brokers, the City has indicated that it will be discontinuing the down payment assistance programs that have been getting a lot of use recently. The standard problem of lack of funds is cited. When reading......

Photo by manmadepants via the LAist Featured Photos pool on Flickr The relationship between real estate and the Hollywood Sign is as old as, well, the sign itself. Built in 1923 as a promotional billboard to attract buyers to make their homes in the hills of the burgeoning Hollywood community, the sign that once read "HOLLYWOODLAND" has become one of the most iconic landmarks in LA. Now real estate and the sign have a......

Fire departments across the Southern California area were preparing for this all week and beginning at 3:30 a.m. this morning, another Malibu wildfire began. Here are the facts as of so far: 35 homes lost 220 acres burned Fire began near Malibu Lake on state park land About 100 homes in three communities evacuated No injuries were reported Evacuation Center set up at Agoura High School Do not evacuate to Zuma Beach as smoke is......