Home Sales Dip For 4th Straight Month; 2011 Worst Year Ever?
The drop is triggering a warning from government analysts that 2011 could be the worst year for the industry in half a century.
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The drop is triggering a warning from government analysts that 2011 could be the worst year for the industry in half a century.
The city was awarded $143 million through the Neighborhood Stabilization Program to spend to fix up and sell properties in the city's worst real estate markets.
If the latest property assessments are any indication, there could be a glimmer of hope for the Southland's housing market.
The latest data translates to 1 in 30 Riverside County households in some stage of foreclosure.
While half a million people spend weekdays in downtown L.A., about 50,000 people call the city home.
New data shows that sales of existing homes fell to 4.8 million in May — their lowest level of the year so far.
The number of delinquent mortgages fell in May to the lowest level since 2006, the result of a slowing housing market and delays in banks' foreclosure process.
The massive Southern California mansion built by the late television magnate Aaron Spelling is under contract to be sold to a British heiress.
Newport Beach leads the list of the most expensive real estate markets in the United States for the second year in a row.
To help home sales along, Palmdale City officials have rehabilitated 14 homes and are now offering them back to the public.
Two real estate experts help you to get a better handle on the nuances of the housing market.
What housing slump!?
Realtor and TV personality Chad Rogers visited the KCAL 9 studios Thursday to talk about the best neighborhoods to live in Southern California.
A real estate tracking firm says home sales continued to plunge in California last month but foreclosures made up a smaller segment of the market.
The FBI is investigating whether a Seal Beach real estate saleswoman bilked dozens of investors out of thousands of dollars each while using a software program to make intimidating calls to keep them quiet.
Prosecutors say buyers were told that if they paid half their mortgage payments to Pacific Vantage, the company would cover the other half and eventually split profits on a future sale.
A tracking firm says the calendar's shortest month combined with the "robo-signing" scandal fueled the drop in foreclosure filings.
Short sale transactions allow distressed borrowers to avoid foreclosure by selling their homes for less than what is owed on them.
Real estate expert and agent Chad Rogers stopped by the KCAL 9 studios Monday to talk about homes sales in the current economy.
A Seal Beach woman was arrested Friday for impersonating an FBI agent while conducting a fraudulent real estate scheme.
It was a gloomy month for the housing market as both home sales and prices took a dive from their 2009 marks.
Southern California's median home price increased just over 1 percent last month to $283,000 from October 2009, the smallest year-over-year increase this year.
Californians looking to sell their homes can now offer prospective buyers a form of unemployment insurance under a program being rolled out by the state's real estate agents' association.
An Anaheim resident is accused of targeting and defrauding Hispanic victims of more than $87,000 in bogus real estate deals.
The foreclosure crisis intensified across a majority of large U.S. metropolitan areas this summer, with Chicago and Seattle -- cities outside of the states that have shouldered the worst of the housing downturn -- seeing a sharp increase in foreclosure warnings.
New state regulations approved this month are set to significantly reshape California's cardroom industry, with operators warning the changes would effectively outlaw blackjack-style games from within those facilities.
The Oklahoma City Thunder snapped their two-game skid with a 119-110 victory over the Los Angeles Lakers.
The Los Angeles County Board of Supervisors on Tuesday will consider a motion that would increase the sales tax by a half-cent in order to cover the massive healthcare funding cuts made by the Trump administration.
Redondo Union High School's cheerleading team won three silver medals at nationals after securing the state title a little over a week ago.
Super Bowl LXI is being held at SoFi Stadium in 2027, marking the second time the Inglewood venue will host the big game since it was constructed in 2020.
New state regulations approved this month are set to significantly reshape California's cardroom industry, with operators warning the changes would effectively outlaw blackjack-style games from within those facilities.
The Los Angeles County Board of Supervisors on Tuesday will consider a motion that would increase the sales tax by a half-cent in order to cover the massive healthcare funding cuts made by the Trump administration.
Redondo Union High School's cheerleading team won three silver medals at nationals after securing the state title a little over a week ago.
Villa's Tacos, a beloved Los Angeles-based taqueria, made a guest appearance during the Super Bowl halftime show on Sunday, putting an even larger spotlight on the restaurant already loved by Angelenos.
Super Bowl LXI is being held at SoFi Stadium in 2027, marking the second time the Inglewood venue will host the big game since it was constructed in 2020.
The Los Angeles County Board of Supervisors on Tuesday will consider a motion that would increase the sales tax by a half-cent in order to cover the massive healthcare funding cuts made by the Trump administration.
Redondo Union High School's cheerleading team won three silver medals at nationals after securing the state title a little over a week ago.
Super Bowl LXI is being held at SoFi Stadium in 2027, marking the second time the Inglewood venue will host the big game since it was constructed in 2020.
An Altadena family who received two tickets on their RV from Los Angeles County Parking Enforcement officers while living outside of their home, which was burned in the Eaton Fire last January, says that they've been given more time to address their situation.
The Los Angeles city staff installed solar-powered lights in Lincoln Heights and Cypress Park to keep the neighborhoods bright and prevent copper wire theft.
A beloved Los Angeles taco shop, an Orange County boy being gifted a Grammy and a Southern California couple getting married on sports' biggest stage were among the ties connecting the Super Bowl halftime show to The Southland.
Showers are expected to hit most of Southern California on Tuesday afternoon.
A Garden Grove coffee shop was shut down by police last week for alleged illegal activity, which included several code violations for nudity and serving alcohol without a license.
Police say that all three victims were found suffering from gunshot wounds in the street outside of a house party late Saturday night.
The shooting happened at around 3:50 p.m. near W. McFadden Avenue and Graham Street, according to Santa Ana police.
A beloved Los Angeles taco shop, an Orange County boy being gifted a Grammy and a Southern California couple getting married on sports' biggest stage were among the ties connecting the Super Bowl halftime show to The Southland.
Showers are expected to hit most of Southern California on Tuesday afternoon.
A Chino family is demanding answers after their Nicaraguan mother, who was awaiting an outcome in her asylum case, was detained by federal immigration agents in January.
Health officials say that an unvaccinated minor visited the Walmart Supercenter in Ontario on Jan. 29.
Deputies say that the suspect had run from the spot of a hit-and-run crash before they tried to take him into custody.
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
A federal judge has blocked a California law from going into effect that would ban federal immigration agents from covering their faces but they will still be required to wear clear identification showing their agency and badge number.
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
Kawhi Leonard had 41 points and eight rebounds and the Los Angeles Clippers beat the slumping Minnesota Timberwolves 115-96 on Sunday.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The Los Angeles County Board of Supervisors on Tuesday will consider a motion that would increase the sales tax by a half-cent in order to cover the massive healthcare funding cuts made by the Trump administration.
As the deadline approaches for Gov. Gavin Newsom's executive order mandating California state workers return to in-person work four days a week, there is a new bipartisan effort to change state law and allow the current telework structure to continue.
A federal judge has blocked a California law from going into effect that would ban federal immigration agents from covering their faces but they will still be required to wear clear identification showing their agency and badge number.
U.S. Olympian Hunter Hess said "there is so much that is great about America, but there are always things that could be better," a day after President Trump lashed out at him.
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
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.
Health officials say that an unvaccinated minor visited the Walmart Supercenter in Ontario on Jan. 29.
Health officials said that the traveler arrived at LAX's Tom Bradley International Airport Terminal on a Viva Aerobus Flight on Jan. 26.
Orange County health officials have confirmed their second measles case of 2026 in an international traveler who arrived in California at Los Angeles International Airport before visiting Disneyland and California Adventure last week.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
About 30% of San Francisco was without power at the height of the outage, according to utility provider PG&E.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
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.
The Oklahoma City Thunder snapped their two-game skid with a 119-110 victory over the Los Angeles Lakers.
A beloved Los Angeles taco shop, an Orange County boy being gifted a Grammy and a Southern California couple getting married on sports' biggest stage were among the ties connecting the Super Bowl halftime show to The Southland.
San Francisco 49ers defensive lineman Keion White was shot and injured early Monday morning in San Francisco, the team confirmed.
U.S. Olympian Hunter Hess said "there is so much that is great about America, but there are always things that could be better," a day after President Trump lashed out at him.
Lindsey Vonn posted on Instagram a day after suffering a broken leg in a devastating crash at the Winter Olympics in Italy.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Reactions poured in when Bad Bunny was named Super Bowl halftime headliner, with some praising and others criticizing the choice.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
Robert Vargas, the renowned mural artist, debuted the first of five murals he will paint this week as part of the "We Are Human" series, which presents a powerful message on the ongoing immigration raids across the U.S.
Evelyn Taft tracks the showers coming to Southern California.
Less than 14% of nearly 400,000 immigrants arrested by Immigration and Customs Enforcement in President Trump's first year back in the White House had charges or convictions for violent criminal offenses, according to an internal Department of Homeland Security document obtained by CBS News. Lesley Marin reports.
Desmond Shaw flies to the Angeles Crest Highway for tonight's Look At This!
Desmond Shaw flies to La Cienega Boulevard and tells about the road's history in tonight's Look At This!
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.
