Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
The landmark deal, if approved by a court, could cause real estate fees to drop by as much as 30%, experts say.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
Although home prices have continued to rise across much of the U.S., homeowners in some states saw their home equity shrink.
Eagle Mountain, founded in 1948, was a bustling company village for Kaiser Steel Mine until its closure in the '80s.
It's no secret that Southern California housing is not cheap. But how many jobs do you need to afford rent? Real estate website Zillow crunched the numbers -- and they are startling. Joy Benedict takes an exclusive look.
As we head into 2023, many real-estate experts predict the housing market will start to favor buyers.
The average long-term U.S. mortgage rate rose this week after falling for six straight weeks, adding to the challenges potential homebuyers face amid higher home prices and a limited supply of available houses.
The Cleveland, Ohio-based home was last bought on eBay in 2004, but has undergone a "massive renovation" since.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
The average rate on a 30-year fixed-rate mortgage now sits at 6.92%, the highest it has been since 2002.
With interest rates rising another .75%, Southern California's once red-hot real estate market has calmed down. Jeff Nguyen reports.
As the ability to afford a home slips farther out of reach for many working people, California is using some of its budget surplus to help struggling home buyers with a new program that puts a down payment on the state's future.
Home prices are skyrocketing amid a shortage of properties — a crisis spreading to once-affordable towns across the U.S.
Josh Altman talked to Amy Johnson about his newest endeavor and what he's seeing in Southern California real estate trends.
CBS News Business Analyst Jill Schlesinger joined the studio to discuss the current house market, what to expect with rising rent prices and how to seek relief if available.
The Forgivable Equity Builder loan helps people who have not been able to save up a hefty down payment. Chris Holmstrom reports.
Eric Chavez, founder of Victoria Street Real Estate, talks to CBS2 News This Morning about how to navigate the real estate market.
The megamansion sold for less than a quarter of what developer Niles Niami once suggested would be over $500 million.
Here are the top news stories you might not have heard about this week.
At least one million of those must go to lower-income families.
To help address the state's housing shortage, California earlier this month passed Senate Bill 9, which allows homeowners to build multiple units on their lots.
The Southern California housing market was booming this summer, and now experts said it is cooling off in the fall. Some new homeowners have been luckier than others while still trying to navigate the pandemic.
Though housing prices have soared in many parts of the country, and inventory is way down, real estate sales may still be stronger in 2021.
The total of million-dollar cities is now at 312, up from 104 from five years ago, according to online real estate firm Zillow. These are cities in which the average home value is $1 million or more.
The suspect's girlfriend reportedly told investigators he showed up at her house and told her he had done something to "three gringos."
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
The crash happened at around 9 p.m. in the 11900 block of Foothill Boulevard, leaving a man in his 50s dead on the street in Pacoima.
Hundreds of people marched down Exposition Boulevard and traced around USC's campus.
Two people, including a 16-year-old boy, have been arrested for a car-to-car shooting that left an 18-year-old with major injuries on the 210 Freeway in early April.
The suspect's girlfriend reportedly told investigators he showed up at her house and told her he had done something to "three gringos."
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
The crash happened at around 9 p.m. in the 11900 block of Foothill Boulevard, leaving a man in his 50s dead on the street in Pacoima.
Hundreds of people marched down Exposition Boulevard and traced around USC's campus.
Two people, including a 16-year-old boy, have been arrested for a car-to-car shooting that left an 18-year-old with major injuries on the 210 Freeway in early April.
The crash happened at around 9 p.m. in the 11900 block of Foothill Boulevard, leaving a man in his 50s dead on the street in Pacoima.
Hundreds of people marched down Exposition Boulevard and traced around USC's campus.
Burbank police said officers and paramedics found Karyn Lombardo unconscious when they arrived at her home and despite life-saving measures, she was pronounced dead at the scene.
A Compton mother and son face a possible life sentence after they allegedly forced two 13-year-olds to have sex with them and their customers.
A fiery crash involving two big rigs on the 5 Freeway in Granada Hills left a person critically burned.
Anaheim police surrounded a BMO building after a bank robbery Wednesday afternoon.
Police found the bodies of Jordan Block and Brian Xan Martin after Block's boyfriend allegedly stabbed and shot them to death.
A man drowned in Laguna Lake over the weekend.
Police discovered two dead bodies inside of a Santa Ana business park.
A UC Irvine senior expressed her determination to spread her message despite police arresting more than 200 of her peers at UCLA's pro-Palestinian encampment.
Two people, including a 16-year-old boy, have been arrested for a car-to-car shooting that left an 18-year-old with major injuries on the 210 Freeway in early April.
The crash happened a little before 1:45 p.m. on southbound lanes of I-215 near SR-210, according to CHP officers.
Campus police discovered an assault rifle registered to the student, as well as several high-capacity magazines, ammunition and "hand-drawn images in a journal depicting a violent act."
The camera, which was wrapped in clay to be disguised as a rock, has neighbors concerned as to why someone would be watching their homes.
Citrus Little League officials are working to raise money so they can rebuild their snack bar and storage building after they were set ablaze during a burglary last week.
"No teacher should have to lie as part of their job". Ross Palombo talks to a teacher in the Los Angeles Unified School who says he was told to lie about class attendance, which is how the state calculates funding from your tax dollars.
The CDC recommends that at least 95% of students have the MMR vaccine in order to lower the risk of measles outbreaks at their school, but a recent KCAL News investigation shows that hundreds of SoCal schools are well below that number.
For months, migrants have arrived in Los Angeles on controversial buses chartered from Texas. With a lack of coordination from the Lone Star state, community groups stepped in to help bring things under control and helped hundreds across Southern California.
KCAL senior reporter Ross Palombo gets an unprecedented look into the tactics the LAPD uses to stop retail theft.
A federal court ruling involving a controversial arrest within Moreno Valley Unified School District could lead to big changes in school policies nationwide.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
A man was convicted in the 2001 murder of Amanda Gonzales, a U.S. Army soldier who was 19 at the time of her death.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
The start date for former President Trump's classified documents trial was originally scheduled for May 20.
The lawsuit claims that the measure, signed into law by President Biden, is unconstitutional.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
President Biden said in an interview with CNN he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.
The start date for former President Trump's classified documents trial was originally scheduled for May 20.
The lawsuit claims that the measure, signed into law by President Biden, is unconstitutional.
President Biden delivered the keynote address at the U.S. Holocaust Memorial Museum's Annual Day of Remembrance Celebration.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
When, who and how much to tip is becoming more of a question in consumers' minds.
One in four college students says they have credit card debt, according to a new survey by U.S. News and World Report. And with interest rates topping 20 percent, those students could be in debt for years. On Your Side's Kristine Lazar has more on the biggest mistakes college students are making with their credit cards.
Fewer than a third of Americans have a will. Experts say that could lead to confusion and money loss when someone dies without one. On Your Side's Kristine Lazar has expert tips on who needs a will and how to create one.
Choosing random numbers increases your chances of not having to split the prize money should you win.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Recall includes yogurt pretzels and other confections sold by retailers such as Dollar General, HyVee, Target and Walmart.
Around 1 in 5 retail milk samples had tested positive for the bird flu virus, but further tests show it was not infectious.
The California State Capitol Capitol doesn't generally work the way people think it does. We're following bills prompted by our reporting, to show you how things really work inside California's Capitol.
Governor Gavin Newsom is seeking a bold new step to open California medical facilities to Arizona doctors for abortions on their patients after the state's Supreme Court upheld an 1864 abortion ban.
Robotaxis are hitting the streets of Los Angeles.
Disney is seeking approval from local officials to expand its California theme park offerings over the next four decades.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
Southern California Edison will pay $80 million to settle claims on behalf of the U.S. Forest Service connected to a massive wildfire that destroyed more than a thousand homes and other structures in 2017.
As he closes in on the Republican presidential nomination, former President Donald Trump made a highly unusual stop.
Jo Adell hit his fifth homer of the season and added an RBI single and the Los Angeles Angels slipped by the Pittsburgh Pirates 5-4.
Teoscar Hernández hit a two-run homer in the sixth, Gavin Stone continued the run of solid Dodgers' starts and Los Angeles beat the Miami Marlins 3-1 to complete an unbeaten six-game homestand.
Ippei Mizuhara, 39, of Newport Beach, has agreed to plead guilty to one count of bank fraud, which carries a maximum sentence of 30 years in federal prison, and one count of subscribing to a false tax return, which carries a sentence of up to three years in federal prison.
Yoshinobu Yamamoto pitched eight effective innings, Max Muncy hit a grand slam in the first and the Los Angeles Dodgers beat the Miami Marlins 8-2 for their sixth straight victory.
Kevin Pillar homered twice and drove in six runs, helping Patrick Sandoval and the Los Angeles Angels beat the Pittsburgh Pirates 9-0.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
The 2024 Met Gala theme is "The Garden of Time" — to go along with the spring exhibition, titled "Sleeping Beauties: Reawakening Fashion."
Former Nickelodeon producer Dan Schneider is suing the makers of the documentary "Quiet on Set: The Dark Side of Kids TV" for implying that he sexually abused children.
Construction continues to develop further on the high-speed train line being built between the Los Angeles region and Las Vegas.
President Biden said the U.S. would withhold some shipments of deadly American-made weapons to Israel as the country escalates its military offensive in Rafah.
As part of National Nurses Week, a historical exhibition in downtown Los Angeles celebrates the vital role these medical professionals have played in the health care industry.
An RV park in Santa Fe Springs was burned to little more than piles of debris and ashes after a fire tore through the park, destroying 10 of the vehicles.
Sunny skies forecasted throughout the Southland but with slightly cooler temperatures as a sea breeze blows through the region.
Shots from the second day of the JM Eagle LA Championship held at the Wilshire Country Club in the Palos Verdes Estates.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The Academy Awards will hand out filmmaking's top honor in 23 categories during the 2024 Oscars at the Dolby Theatre in Hollywood, starting at 7 p.m. Eastern, 4 p.m. PDT.
Shots from the PGA's Genesis Invitational golf tournament held at the Riviera Golf Club in the Pacific Palisades.
Even a potentially historic storm bearing down on California couldn't keep the stars away from the red carpet ahead of the 66th Grammy Awards in Los Angeles.