Money in Los Angeles news on Tuesday, October 13, 2026
In Money in Los Angeles on Tuesday, October 13, 2026: Pending home sales hit 12-year low as rates top 7%. Also: Carson's mayor has ruled out rent control and shelved a local housing initiative; California gas prices remain high, and state officials are weighing ways to ease costs.
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Headlines
- Carson's mayor has ruled out rent control and shelved a local housing initiative.The California Apartment Association
- California gas prices remain high, and state officials are weighing ways to ease costs.CBS News
- Pending home sales fell to a 12-year low as mortgage rates climbed above 7%.Mortgage Professional America
- A California housing market report describes a surprising shift in buyer behavior.Patch
- An analysis estimates California rent would take 17 years to reach homebuyer payments.Orange County Register
- Tenant lawsuits offer a rare look at an L.A. landlord's 'cash for keys' buyout operation.Capital & Main
- A well-known celebrity hotspot is closing in LA, adding to restaurant closures across the city.Page Six
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