LOS ANGELES -- A heated court battle, a last-second offer and a sparsely attended auction behind a fountain in Pomona -- this chapter of the famed Mountain of Beverly Hills ends not with a princely sum but a sale price more like that of a sports car.

Touted as the city's finest undeveloped piece of land, the 157-acre property redefined the ...Read more

CEO pay in the last four decades has grown 940.3% while the pay of an average worker increased 11.9% over the same time period.

That is what the Economic Policy Institute, a nonprofit think tank based in Washington, D.C., that focuses on the low- and middle-income Americans, found in a study released last week.

The study's authors tracked CEO ...Read more

LOS ANGELES -- Actor John Stamos has joined the likes of Britney Spears, Drake and the Kardashians in Hidden Hills, where he has purchased an equestrian estate for $5.75 million.

Set on 1.5 acres, the Cape Cod-inspired traditional residence is markedly different from the rustic Country French-style house the "Full House" star is currently ...Read more

More than a third of Americans have been forced to cut spending on essential items like food and utilities to afford housing, according to a Freddie Mac study.

About 42% of renters and 33% of homeowners have had to reduce the money spent on essentials to cover the cost of housing during the prior two years, the report said. Overall, 62% of ...Read more

Saving money is increasingly a way-too-big ask for many households. Nearly one in four households say they have no emergency savings. Few report being on track with retirement savings. And rising home prices make it hard for many renters to think they will ever pull together a down payment.

To be sure, wage growth has been anemic for years, ...Read more

Summer will soon be fading out of view and, like it or not, 2019 will move toward a close.

So what exactly have you done to withhold more money out of your paycheck to cover that 2019 tax bill?

If you need a motivator, the Internal Revenue Service has launched its much-anticipated new Tax Withholding Estimator. The calculator reportedly makes ...Read more

Across the country, the price of land occupied by single-family homes ticked up from 2012 to 2017. But despite soaring housing costs in California, the Golden State didn't rise to the top of the list.

According to a recent report from the Joint Center for Housing Studies of Harvard University, both Nevada and Colorado actually outpaced ...Read more

Hurricanes, floods, tornados, tsunamis, wildfires, earthquakes, droughts -- and more. Such "natural" disasters are happening with greater frequency, many accelerated by our rapidly changing climate.

"Man-made" disasters such as shootings at schools, concerts, houses of worship and workplaces are also occurring at alarming rates.

All of these ...Read more

As investment values slipped again Monday -- with U.S. stocks down, and bond yields also off on China trade war fears -- Vanguard Group investors got an extra jolt when the Malvern, Pa. company showed some of its popular funds falling much farther.

Vanguard, which invests more than $5 trillion in clients' money in mutual funds and exchange-...Read more

Culver City approved a temporary rent control measure early Tuesday morning, joining a handful of other Southern California cities that have boosted tenant protections as the state grapples with an affordability crisis.

In a 4 to 1 vote that followed a five-hour discussion, the city council capped annual increases to 3% in buildings built on or...Read more

Whether due to gray divorce or early widowhood, retirement planning increasingly needs to include a new partner. And often, it couldn't come at a trickier time.

Remarriage rates among those 55 and older increased by 15 percentage points between 1960 and 2013, according to Pew Research Center. And during the period from the mid-1990s to early in...Read more

Who would imagine that you could get a wrong estimate of your Social Security benefits from -- guess who -- the Social Security Administration?

The story is yet another reminder about how you need to double-check your numbers, take a hard look at what you're being told and keep good records of previous Social Security statements.

In an odd ...Read more

Home builders are pulling back from new construction, the opposite of what economists say is needed to ease California's housing affordability crisis.

In the first six months of 2019, builders gained approval for 51,178 new homes in California, nearly 20% fewer than the same period a year earlier. That puts the state on track for the first ...Read more

LOS ANGELES -- He's come a long way from Chandler Bing's modest New York apartment.

Actor Matthew Perry, who played the character on the beloved sitcom "Friends" for 10 seasons, has put his penthouse at the Century building in Century City on the market for $35 million.

The roughly 9,300-square-foot residence, dubbed the "Mansion in the Sky," ...Read more

SAN DIEGO -- It might be hard to tell with these prices, but the luxury market across the United States has actually seen prices go down in many places.

Experts point to changes in the tax law that limit deductions and a major slowdown in foreign buyers as the main reasons for fewer high-end sales.

As it has for the past several years, ...Read more

Q: My villa is about half paid off. My cousin is my next of kin and should get my home and bank account. What happens to my home when I die? -- James

A: If you want your cousin to get your home when you die, you should draw up a will that leaves it to him. Your will should be properly drafted, signed, witnessed, and notarized so that you do not...Read more