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The number of distressed properties sold in Southern California and statewide has plunged dramatically over the last five years, resulting in higher home prices, according to a real estate industry group.
Due to frigid conditions in much of the nation, February's real estate wrap-up required boots and a shovel, as well as deeper pockets.
Southern California home prices reached a 70-month high in December as sales fell and buyers competed for scant inventories, a research firm said Tuesday.
The original asking price was $23 million.
It turns out living next to a celebrity may not be as desirable as most Americans think.
A rebound in the real estate market coupled with rising interest rates are being blamed for a fourth-straight month of sales declines in November, a statewide real estate group announced Tuesday.
Southern California home sales fell in November as investors showed less interest and the supply of properties for sale remained thin compared to last year, a research firm said Monday. Prices held steady from October.
It's long been the home of celebrities, white sandy beaches and some of the most picturesque views in all of Southern California - and now a new report says it's the most expensive place to live in the United States.
California housing prices cooled in September as inventories grew and investor interest waned, a research firm reported Thursday, offering fresh evidence that the market is taking a breather after a torrid spring and summer.
With the federal government shutdown still in place, some worry the political impasse could affect first-time home buyers in the Southland who qualify for federal mortgage loans.
The government shutdown could bring the Orange County real estate market to a standstill.
California posted its strongest homes sales for any August in seven years as price increases cooled, a research firm said Friday, a relief to buyers who have been competing over slim pickings.
Southern California's surging housing market stumbled last month with home sales falling as strapped homeowners refused to sell, fewer investors bought and the median sales price rose to $385,000.
Lenders initiated the foreclosure process on 57,286 homes last month, the lowest level for any month in 7½ years, foreclosure listing firm RealtyTrac Inc. said Thursday.
It looks like Powerball arrived in California just in time.
A San Fernando Valley woman faced dozens of charges Monday linked to the recording of false and fraudulent documents related to over 100 properties in Los Angeles County.
Southern California home sales continued strong last month as investors snapped up mid- to high-end homes, though it was unclear whether the rebound will continue through the year, real estate research firm DataQuick reported Wednesday.
Selling a home can be stressful, overwhelming, or discouraging. The speed, success, or failure, of your home's sale can be directly impacted by home staging, photos, and the your real estate agent. Thankfully, there are tips and strategies to help enhance the process.
Celebrity real estate expert Chad Rogers stopped by KCAL9 Tuesday to discuss the current state of the housing market.
From Laguna Beach to the Newport Coast, Orange County is home to some of the wealthiest real estate in the world.
Planning to sell your home? You may want to wait until 2016 before listing it.
The Studio City home once owned by the late Anna Nicole Smith is close to being sold.
CBS2's Suzanne Marques takes a tour of a $2.9 million home in the Pacific Palisades.
When surveying multi-million dollar estates there's no better way to get a lay of the land than with Heli-Realtors, who take their high-end clientele on a helicopter ride over the property.
You want to live in vibrant downtown Glendale, close to restaurants, shops and movies?
No children were aboard at the time the fire started; the driver was transported to a local hospital for minor smoke inhalation injuries.
The LA County Board of Supervisors unanimously passed a series of motions that aim to bring back the "Press 3" option for LGBTQ+ youth.
A U.S. district judge blocked Trump from deploying the California National Guard in Los Angeles and said control of the Guard must be returned to Gov. Gavin Newsom.
Emmy Award-winning journalist Tony Dokoupil will anchor the "CBS Evening News" beginning on Jan. 5, 2026.
Under Rod Paige's leadership, the Department of Education implemented the No Child Left Behind policy that in 2002 became former President George W. Bush's signature education law.
No children were aboard at the time the fire started; the driver was transported to a local hospital for minor smoke inhalation injuries.
The LA County Board of Supervisors unanimously passed a series of motions that aim to bring back the "Press 3" option for LGBTQ+ youth.
A U.S. district judge blocked Trump from deploying the California National Guard in Los Angeles and said control of the Guard must be returned to Gov. Gavin Newsom.
Emmy Award-winning journalist Tony Dokoupil will anchor the "CBS Evening News" beginning on Jan. 5, 2026.
Under Rod Paige's leadership, the Department of Education implemented the No Child Left Behind policy that in 2002 became former President George W. Bush's signature education law.
The LA County Board of Supervisors unanimously passed a series of motions that aim to bring back the "Press 3" option for LGBTQ+ youth.
Nearly a year after CBS Los Angeles exposed equipment problems that plagued Los Angeles firefighters during the Palisades Fire fight, another major concern has allegedly been found at the Port of Los Angeles.
A man was struck and killed by a Metrolink train in Pacoima on Tuesday afternoon.
Mary Carole McDonnell, who posed as the heiress of the McDonnell Aircraft Family, allegedly stole $30 million from California banks nearly a decade ago, according to the FBI.
Police found an alleged robbery suspect dead inside of a Granada Hills home after an hours-long standoff on Tuesday.
Authorities have arrested the seventh and final suspect who was wanted for an armed robbery in Orange County in which residents were duct taped and held at gunpoint during an attempted theft of millions worth in cryptocurrency in September
Orange County residents packed into a Monday night meeting to learn more about the plan to reopen California's coast for new oil drilling.
Mark Ahrens and his son were singing Christmas carols when a speeding Tesla slammed into their minivan.
Officials said that the marine died from injuries sustained in a tactical vehicle mishap on Wednesday afternoon.
One person was declared dead at the scene of the crash, which happened just before 3 p.m. near Heil Avenue and Goldenwest Street, police said.
Wild dashcam video footage shows the dramatic moments that a pickup truck launches off an overpass in Rialto before going airborne and crashing onto the 210 Freeway below on Friday night.
Authorities say that the 54-year-old man "heroically kept his son afloat" after their kayak capsized on Lake Perris on Saturday afternoon.
The crash happened at around 12:30 a.m. near Lindenberger Road and Scott Road, according to the Menifee Police Department. Officers arrived at the scene and found a Mercedes-Benz electric vehicle that was fully involved in flames.
The two-decade investigation began on March 21, 2004, when 18-year-old Hemet man Reynaldo Burts was found dead in the hills near Idyllwild.
Two Highland residents were arrested in connection with a homicide in Moreno Valley in early November, according to Riverside County deputies.
A U.S. district judge blocked Trump from deploying the California National Guard in Los Angeles and said control of the Guard must be returned to Gov. Gavin Newsom.
Emmy Award-winning journalist Tony Dokoupil will anchor the "CBS Evening News" beginning on Jan. 5, 2026.
Under Rod Paige's leadership, the Department of Education implemented the No Child Left Behind policy that in 2002 became former President George W. Bush's signature education law.
Army Maj. Blaine McGraw, an OB-GYN at Carl R. Darnall Army Medical Center at Fort Hood in Texas, was charged Tuesday with 54 specifications for indecent visual recording.
One person is dead and another was critically wounded in a shooting at Kentucky State University, officials said Tuesday.
A U.S. district judge blocked Trump from deploying the California National Guard in Los Angeles and said control of the Guard must be returned to Gov. Gavin Newsom.
Under Rod Paige's leadership, the Department of Education implemented the No Child Left Behind policy that in 2002 became former President George W. Bush's signature education law.
President Trump spoke about affordability and his economic agenda in the Poconos, in northeastern Pennsylvania, Tuesday night.
The Justice Department can release investigative materials from a sex trafficking case against Ghislaine Maxwell, the longtime confidant of Jeffrey Epstein, a federal judge ruled.
President Trump said Georgia Republican Rep. Marjorie Taylor Greene is "not AMERICA FIRST or MAGA" and also attacked "60 Minutes" and Paramount in a social media post.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Meal kit delivery firm HelloFresh will pay $7.5 million to settle a lawsuit accusing it of misleading customers and making it difficult for them to cancel their subscriptions.
With the help of her daughter and her 5th-grade class, CBS News California (KCAL) Investigative reporter Julie Watts investigates "Sephora Kids" concerns.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
At least 11 people have contracted Salmonella linked to powder supplements sold at Sam's Club stores nationwide, health authorities said.
Supervisors will vote on the ordinance again in two weeks, after a review period. If approved, it would bar the sale of kratom derivatives to people under 21 in Riverside County.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Waymo has begun offering autonomous robotaxi service using freeways for the first time in select cities in California and Arizona, the company announced.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
A charity that accepted donations of vehicles that would pay for breast cancer screenings for low-income patients agreed Thursday to pay a $3.8 million fine and to restrictions on future fundraising activities in 19 U.S. states, including Colorado.
Chad Baker-Mazara scored a season-high 31 and Ezra Ausar scored 22 of his career-high 29 points in the second half before fouling out and USC used the second half to take control and beat San Diego 94-81.
The Anaheim Ducks have their fifth win in seven games thanks to the heroics of Beckett Sennecke.
The Los Angeles Angels have acquired infielder Vaughn Grissom in a trade with the Boston Red Sox, who received minor league outfielder Isaiah Jackson.
Edwin Díaz has agreed to a $69 million, three-year contract with the World Series champion Dodgers, The Associated Press reported Tuesday.
The 44-year-old Rivers, who played 16 years with the San Diego and Los Angeles Chargers, last played in 2020 with the Colts.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
The nominations for the 2026 Golden Globes have been announced. Here are the nominees.
President Trump is hosting the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
The Malibu Project brought together several groups on Tuesday, including the Community Brigade, to honor volunteer fire crews and other heroes who assisted during the devastating wildfires nearly one year ago. Rick Montanez reports.
A LAUSD electric school bus caught fire under an underpass in Sunland on Wednesday morning. Mark Liu reports.
A solo vehicle crash in MacArthur Park on the water’s edge left the driver with minor injuries.
The high-pressure system will remain over Southern California continuing the warming trend through the weekend. Wednesday is predicted to be the warmest day of the week.
Nicole Comstock reports from Claremont, where one church has created a modern nativity scene interpretation to make a strong political statement on current social issues, namely the immigration enforcement actions taking place across the country.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
