Mystery buyer purchases California ghost town for $22.5 million
Eagle Mountain, founded in 1948, was a bustling company village for Kaiser Steel Mine until its closure in the '80s.
Real Estate
How many jobs do you need to pay rent in L.A.?
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.
Will 2023 housing market favor buyers?
As we head into 2023, many real-estate experts predict the housing market will start to favor buyers.
Average mortgage rates rise after 6 weeks of declines
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.
"A Christmas Story" house hits market — but price is confidential
The Cleveland, Ohio-based home was last bought on eBay in 2004, but has undergone a "massive renovation" since.
Mortgage rates top 7%, hitting highest level since 2001
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Some real estate markets cooling as mortgage rates hit 20-year high
The average rate on a 30-year fixed-rate mortgage now sits at 6.92%, the highest it has been since 2002.
Rising interest rates cools off Southern California's hot real estate market
With interest rates rising another .75%, Southern California's once red-hot real estate market has calmed down. Jeff Nguyen reports.
California Dream for All program boosts home ownership
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.
Dire U.S. housing shortage isn't only a coastal issue anymore
Home prices are skyrocketing amid a shortage of properties — a crisis spreading to once-affordable towns across the U.S.
Celebrity realtor Josh Altman shares his insights on current trends
Josh Altman talked to Amy Johnson about his newest endeavor and what he's seeing in Southern California real estate trends.
Business analyst discusses housing market and how to cope with rising rent prices
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.
New program could help more first-time homebuyers in California
The Forgivable Equity Builder loan helps people who have not been able to save up a hefty down payment. Chris Holmstrom reports.
Helpful tips on how to navigate the housing market
Eric Chavez, founder of Victoria Street Real Estate, talks to CBS2 News This Morning about how to navigate the real estate market.
Richard Saghian, Fashion Nova CEO, Confirms Purchase Of Bel Air Mega-Mansion, 'The One'
The megamansion sold for less than a quarter of what developer Niles Niami once suggested would be over $500 million.
Top News Stories You Might Not Have Heard About This Week
Here are the top news stories you might not have heard about this week.
California Must Build 2.5M Houses By 2030 To Avoid Exacerbating Homeless Crisis, Report Finds
At least one million of those must go to lower-income families.
Sitting On Money: Angelenos Cash In On Booming Real Estate Market With ADUs
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.
Southern California Real Estate Market Cools Off In Fall
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.
Why Are There No Houses To Buy?
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.
La Crescenta-Montrose, La Habra Heights Among LA Cities To Join 'Million-Dollar Club' Thanks To Skyrocketing Home Real Estate Values
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.
Growing Number Of Californians Opting To Leave The State
Experts say over the decade, over 150,000 people have left the state and that number is expected to climb as remote working options increase during the coronavirus pandemic.
20,000-Square-Foot Hilltop Home In Yorba Linda Demolished For Even Bigger Mansion
The home that used to be known as Satsang was a modern marvel of glass, marble, concrete and solar panels with nine bedrooms, 12 bathrooms and 19,346 square feet.
Stars Of HGTV's 'Flip Or Flop' Tangled In Alleged Real Estate Scheme At Center Of Federal Complaint
The Federal Trade Commission and the Utah Division of Consumer Protection announced their complaint against Utah-based Zurixx, LLC Friday.
The Mountain, First Offered For $1 Billion, Sells At Foreclosure Auction For $100K
A prime piece of real estate that was initially offered at a whopping $1 billion has been sold for the bargain basement price of $100,000.
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Latest News
Hollywood Hills neighbor dispute results in a shooting
Police said one neighbor entered the home of another neighbor, and the owner asked the neighbor to leave. When the neighbor refused to leave, the owner shot them, according to the LAPD.
Critics Choice Awards TV nominations announced, 'The Morning Show' tops the list
"The Morning Show" (Apple TV+) leads the television contenders with six nominations and "Succession" (HBO) followed with an impressive five nominations, according to the release.
Metro improves light rail frequency and extends late night service as demand is up
Over the last year and a half, Metro has hired more than a thousand new people to make the schedule changes happen, starting Dec.10.
U.S. military releases names of crew members who died in Osprey crash
The U.S. military identified all eight Air Force crew members on an Osprey that crashed on Nov. 29 off the shore of Yakushima Island, Japan.
Cameras capture thief stealing Christmas tree off SUV in San Mateo shopping center
Surveillance footage captured a Grinch-like crime in San Mateo last week where a thief brazenly stole a Christmas tree off the roof of a nSUV parked at a shopping center.
Top Stories
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Man arrested for DUI after 2 killed in crash on 5 Freeway in Santa Fe Springs
Only one southbound lane is open at Carmenita Road exit on the 5 Freeway after a deadly crash Tuesday morning.
Crowbar-wielding man vandalizes at least 30 cars in Koreatown
A crowbar-wielding man vandalized over two dozen cars in Koreatown Monday afternoon.
Hollywood Hills neighbor dispute results in a shooting
Police said one neighbor entered the home of another neighbor, and the owner asked the neighbor to leave. When the neighbor refused to leave, the owner shot them, according to the LAPD.
Critics Choice Awards TV nominations announced, 'The Morning Show' tops the list
"The Morning Show" (Apple TV+) leads the television contenders with six nominations and "Succession" (HBO) followed with an impressive five nominations, according to the release.
Metro improves light rail frequency and extends late night service as demand is up
Over the last year and a half, Metro has hired more than a thousand new people to make the schedule changes happen, starting Dec.10.
Los Angeles News
More Los Angeles News
Hollywood Hills neighbor dispute results in a shooting
Police said one neighbor entered the home of another neighbor, and the owner asked the neighbor to leave. When the neighbor refused to leave, the owner shot them, according to the LAPD.
Critics Choice Awards TV nominations announced, 'The Morning Show' tops the list
"The Morning Show" (Apple TV+) leads the television contenders with six nominations and "Succession" (HBO) followed with an impressive five nominations, according to the release.
Metro improves light rail frequency and extends late night service as demand is up
Over the last year and a half, Metro has hired more than a thousand new people to make the schedule changes happen, starting Dec.10.
Top tech gadgets for the 2023 holiday season: Tech Tuesday
Tech for everyone in the family? Jessica Naziri joins us with the trendiest gadgets for everyone to enjoy this holiday season.
Lyft offers LA County senior citizens and those with disabilities a holiday ride discount
Qualifying riders can get a ride code for up to $10 off their next two rides, according to Lyft.
Orange County News
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3.5-magnitude earthquake strikes Orange County
A 3.5-magnitude earthquake shook parts of Orange County Monday night.
Hidden Air Tags help investigators find serial plant thief
Hidden Air Tags helped investigators track down a plant thief accused of stealing $8,000 worth of items.
Marine pleads guilty to firebombing of Planned Parenthood in 2022
Chance Brannon, a former Camp Pendleton Marine, has pleaded guilty to federal charges for his role in a firebombing attack on a Planned Parenthood clinic in Costa Mesa in 2022 as well as planning an attack on Dodger Stadium.
Newport Beach police investigate claim that OKC Thunder player of improper relationship with minor
Newport Beach police Sgt. Steve Oberon said they are "actively seeking additional information related to these allegations and pursuing all leads and evidence to obtain the facts of the case."
Mother accused of drowning 9-year-old daughter in bathtub
A Westminster mother is accused of drowning her 9-year-old daughter in a bathtub. Prosecutors said the girl used a wheelchair and could not speak.
Inland Empire News
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Planned Parenthood sues Fontana for allegedly blocking abortion access
Planned Parenthood filed a formal complaint against the city of Fontana for allegedly blocking abortion access, which recently became a right protected by the California Constitution.
Armed suspect dies of self-inflicted gunshot wound after standoff with deputies in Wildomar
An armed suspect died of an allegedly self-inflicted gunshot wound after a standoff with deputies in Wildomar on Sunday.
Man, two juveniles arrested for stealing NOS from victims at gunpoint in Chino Hills
According to investigators, two victims were followed from a motorsports store after they purchased two NOS tanks. After arriving at their location, they were approached by two suspects armed with a pistol who stole the tanks and fled from the area.
Riverside police arrest three for road rage shooting in downtown area
Investigators say that shots were fired after an altercation between three people over an apparent road rage incident in downtown Riverside on Nov. 25.
Suspect killed in shootout with San Bernardino Sheriff's Sergeant
A San Bernardino County Sheriff's sergeant was airlifted to the hospital after killing a suspect during a gas station shootout.
KCAL News Investigations
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Federal court orders Moreno Valley school district to change its policing policy after shocking arrest of disabled student
A federal court ruling involving a controversial arrest within Moreno Valley Unified School District could lead to big changes in school policies nationwide.
Did a 2018 memo outlining potential freeway fire hazards get ignored?
Caltrans engineers warned the department about the possibility of fires raging under freeways if flammable materials were allowed to be stored there. However, it appears these guidelines may have been ignored.
KCAL Investigates: Stabbing that went unreported for hours raises concerns about school safety
A stabbing at an LAUSD school that went unreported for hours has raised concerns about student's safety.
KCAL News investigation prompts Metro board to make safety changes at stations
A KCAL News investigation, which revealed dangerous and toxic conditions at several Metro stations across Los Angeles County, where potentially deadly traces of drugs were found left behind, has prompted the Metro board to pass a mandate requiring cleaning and disinfecting to promote the safety of travelers. David Goldstein reports.
KCAL Investigates: How "structural racism" affects school funding
KCAL News senior reporter Ross Palombo shows how race, ethnicity and wealth affect the quality of schools in California.
National News
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U.S. military releases names of crew members who died in Osprey crash
The U.S. military identified all eight Air Force crew members on an Osprey that crashed on Nov. 29 off the shore of Yakushima Island, Japan.
Grand Theft Auto VI trailer: 7 things we learned from the teaser
Grand Theft Auto is one of the best-selling entertainment franchises of all time, with millions of fans awaiting its next release.
John Mayer opens up about his mission to help veterans with PTSD
John Mayer is on a mission that's about more than his music. In 2019, he launched the non-profit Heart and Armor Foundation with $3 million of his own money,
Body found in Indiana in 1982 ID'd as Wisconsin woman who vanished
Human remains found in rural Indiana in 1982 have been identified as those of Connie Lorraine Christensen, authorities said.
Former top staffer has advice for ex-congressman George Santos
Naysa Woomer, the disgraced Republican's former communications director, advised Santos to own up to all his reported lies.
Politics
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Former top staffer has advice for ex-congressman George Santos
Naysa Woomer, the disgraced Republican's former communications director, advised Santos to own up to all his reported lies.
Doug Burgum ends 2024 presidential campaign
North Dakota Gov. Doug Burgum had struggled with name recognition and did not qualify for the third GOP debate last month.
Mayor Bass begins week-long tour of Los Angeles to highlight one-year anniversary
Mayor Karen Bass announced her plans to criss-cross Los Angeles ahead of the first anniversary of her inauguration on Dec. 11, highlighting work on homelessness, safety, business, climate and city services.
Ex-U.S. ambassador arrested, accused of serving as agent of Cuba
Manuel Rocha, who served as U.S. ambassador to Bolivia, has been arrested in a long-running FBI investigation. He is accused of serving as an agent of Cuba.
U.S. assisting Israel to find intelligence "gaps," Turner says
Israel dismissed warnings leading up to the terrorist attack, Rep. Mike Turner, the chair of the House Intelligence Committee, said.
Consumer News
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On Your Side: College students and credit-card debt
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.
On Your Side: Who needs a will, and how do you create one?
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.
The best Mega Millions strategies, according to a Harvard statistician
Choosing random numbers increases your chances of not having to split the prize money should you win.
Bank offers seniors advance on Social Security payments
A new online bank is catering to seniors and advertising an advance on monthly Social Security payments, without any extra fees or charges. Kristine Lazar takes a look.
On Your Side: Biden Administration targets 'junk fees'
The Biden Administration wants to trash so-called "junk fees," and has spent the past year slowly chipping away at them. But will the president's efforts really help consumers? On Your Side's Kristine Lazar takes a look.
Health News
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Biden's limit on drug industry middlemen backfires, pharmacists say
A federal rule taking effect Jan. 1 was intended to stop abuses by pharmacy benefit managers, but some pharmacists say it's making things worse.
Multiple brands of dog food recalled as FDA warns of salmonella risks
Three different dog food brands have been recalled in recent week because of bacteria that can sicken pets and humans who handle the food.
Meta sued by states claiming Instagram and Facebook harm children
The social media company has hidden the dangers of its platforms from the public with profit in mind, dozens of attorneys general allege.
Newsom signs bill advancing universal health care, vetoes insulin price cap
On Saturday Gov. Newsom announced the approval of Senate Bill 770, introduced by Sen. Scott Wiener (D-SF) which advances steps toward securing universal health coverage in California.
Kaiser workers end historic strike, but another may loom
Union coalition that led three-day walkout says employees may strike again unless health care giant addresses their concerns.
Business News
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San Diego Padres owner Peter Seidler, who spent big in pursuit of a World Series title, dies at 63
Seidler, who grew up around the game as a third-generation member of the O'Malley family that used to own the Dodgers, died on Tuesday, the Padres announced. He was 63.
SAG-AFTRA board approves strike-ending deal as leaders tout money gains and AI rights
Board members from Hollywood's actors union have voted to approve the deal with studios that ended their strike after nearly four months.
Utah sues TikTok, alleging it lures children into addictive and destructive social media habits
Utah has become the latest state to sue TikTok, alleging the social media company is "baiting" children into addictive and unhealthy habits.
Numbers drawn for $1.55 billion Powerball jackpot after a long stretch without a winner
The numbers have been drawn for an estimated $1.55 billion Powerball jackpot that ranks as the world's fourth-largest lottery prize.
Newsom vetoes bill allowing Amsterdam-style cannabis cafes in California
A bill to allow Amsterdam-style cannabis cafes in California has been vetoed by Gov. Gavin Newsom, according to Assemblymember Matt Haney, who authored the legislation.
Sports News
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Dave Roberts says Mookie Betts will likely be Dodgers' regular second baseman in 2024
Dodgers manager Dave Roberts tells MLB Network that Mookie Betts is set to become the regular second baseman for the Los Angeles Dodgers in 2024.
Caleb Williams to skip USC's Holiday Bowl trip, fueling NFL expectations
Last season's Heisman Trophy-winning quarterback Caleb Williams will not play for USC in the Holiday Bowl.
Kings beat Avalanche 4-1 as Kopitar breaks club record for assists
Quinton Byfield scored twice, Anze Kopitar became the franchise leader in assists, and the Los Angeles Kings beat the Colorado Avalanche 4-1.
UCLA slated to play Boise State in LA Bowl; USC will face off against Louisville in Holiday Bowl
After fighting to winning seasons, UCLA and USC will remain in SoCal for bowl season.
Matthew Stafford throws 3 TD passes as Rams win 3rd straight, 36-19 over Browns
Matthew Stafford threw three touchdown passes, Puka Nacua became the first Rams rookie wide receiver to reach 1,000 yards in a season, and Los Angeles extended its winning streak to three games with a 36-19 victory over the Cleveland Browns.
Entertainment News
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Grand Theft Auto VI trailer: 7 things we learned from the teaser
Grand Theft Auto is one of the best-selling entertainment franchises of all time, with millions of fans awaiting its next release.
John Mayer opens up about his mission to help veterans with PTSD
John Mayer is on a mission that's about more than his music. In 2019, he launched the non-profit Heart and Armor Foundation with $3 million of his own money,
YouTuber Trevor Jacob gets 6 months in prison for deliberately crashing plane in California
Trevor Daniel Jacob, who staged a California plane crash to make a YouTube video of himself parachuting to safety was sentenced Monday to six months in federal prison for obstructing the investigation by destroying the wreckage, the U.S. Justice Department said Monday.
Beyoncé's 'Renaissance' is No. 1 at the box office with $21 million debut
Beyoncé ruled the box office this weekend with $21 million in North American ticket sales, according to estimates from AMC Theatres Sunday.
"Home Alone" icon Macaulay Culkin receives star on Hollywood Walk of Fame
A star on the Hollywood Walk of Fame was unveiled Friday honoring Macaulay Culkin for a 40-year acting career, highlighted by "Home Alone."
Latest Videos
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Latest Videos
LA City Council to vote on rodeo ban on Tuesday
KCAL News reporter Rick Montanez is outside Los Angeles City Hall where people who support the rodeo have gathered.
Top tech gadgets for the 2023 holiday season
Tech for everyone in the family? Jessica Naziri joins us with the trendiest gadgets for everyone to enjoy this holiday season.
Long Beach woman talks about her Pan American Games gold medal wins
Madeleine Focht, 28, just won two gold medals in rowing at the Pan American Games
Christmas tree theft caught on camera
Surveillance footage captures a man stealing a Christmas tree from atop a car in a San Mateo parking lot
A look at "Leo" on Netflix and new episodes of "Rap Sh!t" on Max
Adam Sandler and Cecily Strong talk about their voice performances in the animated musical comedy "Leo" + Jonica Booth talks about her role and what's coming up in new episodes of the Max comedy show "Rap Sh!t"
Latest Galleries
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Roads closed for the Hollywood Christmas Parade
Here are the roads closed for the Hollywood Christmas Parade
Aftermath of Tropical Storm Hilary in Southern California
Although damage was minimal, some residents woke up Monday to flooded streets, fallen trees and other issues
Tropical Storm Hilary
Tropical Storm Hilary, which started the weekend as a Category 4 hurricane, has quickly moved up the coast of Southern California, bringing heavy rain, flooding and strong winds to the area. Here's a look at some photos from the notable weather event.
Wallex US Open of Surfing in Huntington Beach
Thousands descended on Huntington Beach to watch their favorite surfers compete in the Wallex US Of Surfing, July 29 - Aug 6. Check out some photos from the first couple of days of the competition
JM Eagle LA Championship at Wilshire Country Club
Shots from the LPGA Tour's JM Eagle LA Championship at the Wilshire Country Club in Palos Verdes.
