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Los Angeles in a week: July 18-22

This week's Los Angeles news relating to the real estate industry

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The California Association of Realtors filed a federal lawsuit against Massachusetts-based PDFfiller Inc., alleging the tech firm has copied, published and sold at least 64 of CAR’s copyrighted real estate forms “many hundreds of thousands of times, and possibly millions of times” through its website without authorization.

Apartment List released its July rent report for Los Angeles, finding rents were flat over June, but L.A. continues to be one of California’s most expensive cities for renters. L.A. and Pasadena were the two most expensive cities for rents in the metro, with two-bedroom median rents of $2,630 and $2,600, respectively. Rents in Pasadena grew by 0.5 percent in the past year.

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GoBankingRates.com analyzed median rent prices and median home prices for single-family homes in all 50 states to determine the best places to own rather than rent, and vice versa. California, although pricey in major markets like San Francisco and L.A., is pretty close when comparing rent and mortgage statewide. Median rent in California is $2,400, while a median mortgage runs the homeowner somewhere in the vicinity of $2,221.

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