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Headlines: L.A. Home Buyers Are Taking Advantage of Falling Mortgage Rates and Home Prices

11:29 AM PST on February 21, 2023

For sale sign in front of house in East Hollywood (Lexis-Olivier Ray, April 2022).

Welcome to L.A. TACO’s daily news briefs, where we bring our loyal members, readers, and supporters the latest headlines about Los Angeles politics and culture. Stay informed and look closely.

—Los Angeles: Home buyers continue to find deals in the shifting Southern California housing market. Falling mortgage rates and home prices bring some buyers back into the Southern California market just in time for spring. [L.A. Times]

—Hacienda Heights: A man was arrested for allegedly killing Auxiliary Bishop David G. O’Connell on Saturday. According to authorities, Carlos Medina, is the husband of a housekeeper that worked for the bishop. Medina allegedly pulled up to the bishop's home in Hacienda Heights in a compact SUV and shot him at least once. On Monday, authorities went to Medina's home in Torrance. After barricading himself in the home for several hours, Medina was arrested. He's currently being held on $2 million bail.

—Compton: The cafeteria at Dominguez Highschool in Compton was destroyed by a fire that burned for more than four hours on Monday night. It's unclear what started the blaze. For now, the school is closed. "Further information will be provided to staff, parents, and students regarding the continuance of school operations once that is known," school officials said in a statement. [KTLA]

—Westwood: A new 73-unit housing development for veterans is being built at the Veteran Affairs campus in Westwood. Urbanize reports that the apartment complex is slated to open late next year. The project is part of a redevelopment effort to create more than 1,500 homes on the sprawling campus. Last year a group of unhoused veterans sued the VA for discrimination and "illegally" leasing land that could have been used to house the homeless. [Urbanize]