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Hoonsik Woo

Hoonsik Woo is a journalist specialized in covering banking, real estate and automotive news in the Los Angeles area. Woo focuses on in-depth analysis to help readers navigate the complexities of personal finance and investing in LA’s housing markets, as well as keeping them up-to-date with the latest automotive trends and innovations.
CONSUMER

Federal Government to Back ADU Mortgages Under New Bill

A bipartisan effort in Congress could make it easier for homeowners to build accessory dwelling units (ADUs) by offering federally backed loans. The proposal,...
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FHFA Approves VantageScore for Mortgage Loan Use

The Federal Housing Finance Agency (FHFA) will now allow lenders, including Fannie Mae and Freddie Mac, to use VantageScore in addition to the long-standing...
LATEST NEWS

LA Affordable Housing Units Continue to Plunge to Fewer Projects

The share of Los Angeles apartment projects that include affordable housing units dropped sharply in 2023, falling to 41 percent of all new developments,...
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Trump Reverses 1099-K Rule, Raises Payment App Reporting Limit to $20,000

Tax reporting requirements for users of third-party payment apps like Venmo and PayPal are being significantly relaxed under new federal legislation.   On July 4, President...
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Korean-Style Burger Spot Opens at USC Village

A Korean-style burger restaurant operated by Korean American owners has opened near the University of Southern California.   According to the Los Angeles Times, Softie’s Burger,...
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Sibling Home Buying Jumps 5X as Housing Costs Rise

Faced with rising home prices and high mortgage rates, more siblings are buying homes together to split costs and qualify for loans—especially among younger...
LATEST NEWS

Crescent Heights Proposes LA’s Largest Condo Conversion in 52 Years

A 40-story luxury tower in Century City could soon undergo the largest condo conversion Los Angeles has seen in more than five decades, if...
LATEST NEWS

Koreatown Apartment Project Approved After Appeal Denied

A new Koreatown apartment development has received final approval from the Los Angeles City Planning Commission, despite opposition. According to Urbanize LA, the commission dismissed...
LATEST NEWS

California Housing Demand Outpaces Supply 4 to 1

California’s housing shortage has reached critical levels, with demand far exceeding available units in major cities like Los Angeles, according to a new report...
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Hyundai Extends 10-Year Paint Warranty Over Peeling Complaints

Hyundai is extending the paint warranty for several of its vehicles after receiving consumer complaints about paint peeling and bubbling, particularly on white cars. The...
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