KFWB On Your Corner: South Bay Housing Market
If you're looking to buy a home in the beach cities, you're going to need help.
Watch CBS News
If you're looking to buy a home in the beach cities, you're going to need help.
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 lawyer for the man identified him as a 28-year-old Venezuelan national, Wilber Rafael Garces Perez. Officials said he was shot at least once in the torso and was in serious but stable condition.
California established Sept. 25, 9-2-5, as Dolly Parton Day in honor of the beloved artist and as a nod to her 1980 iconic song "9 To 5".
The bills are aimed at continuing current preparations, supporting key public safety partnerships and helping student athletes who will be competing in the Games.
Officials also remind the public that the road into the Point Dume State Beach parking lot remains closed, but the beach itself is not closed.
In 2019, Bunch became both the first historian and the first African American to serve as Secretary of the Smithsonian Institution. As he prepares to retire, he talks about the museums' mission to protect history, and give America a full picture of itself.
The lawyer for the man identified him as a 28-year-old Venezuelan national, Wilber Rafael Garces Perez. Officials said he was shot at least once in the torso and was in serious but stable condition.
California established Sept. 25, 9-2-5, as Dolly Parton Day in honor of the beloved artist and as a nod to her 1980 iconic song "9 To 5".
The bills are aimed at continuing current preparations, supporting key public safety partnerships and helping student athletes who will be competing in the Games.
Officials also remind the public that the road into the Point Dume State Beach parking lot remains closed, but the beach itself is not closed.
In 2019, Bunch became both the first historian and the first African American to serve as Secretary of the Smithsonian Institution. As he prepares to retire, he talks about the museums' mission to protect history, and give America a full picture of itself.
The bills are aimed at continuing current preparations, supporting key public safety partnerships and helping student athletes who will be competing in the Games.
Officials also remind the public that the road into the Point Dume State Beach parking lot remains closed, but the beach itself is not closed.
California's film industry rejoiced on Saturday as Gov. Gavin Newsom signed a bill that will create a post-production tax credit and hopefully keep the work in Hollywood.
Police said that the suspect allegedly started a brush fire in the parkland area near the 1700 block of Paseo La Cresta on Thursday morning.
The crash happened at around 3:40 p.m. near the intersection of W. Exposition Boulevard and Western Avenue, LAPD officials told CBS LA.
Newport Beach's eroding shoreline is getting some help as city and county authorities approved the expedited transfer of sand from the Santa Ana River outlet in West Newport.
Uber was ordered to pay $40 million to the family of a woman killed on an Orange County freeway after a rideshare driver left her on the side of the road.
Orange County declared a state of emergency after powerful waves pummeled its beaches, causing severe coastal erosion and damage to its seaside communities.
Orange County vector control officials are sounding the alarm on what they say is an unprecedented mosquito season.
Police say that the 18-year-old student was taken to the hospital after attending a fraternity function on Saturday.
An Etiwanda family said their 12-year-old daughter was beaten and choked while another student hurled antisemitic slurs, according to their complaint to the Department of Education.
A train car was burglarized and set on fire in Riverside during the latest in a string of heists in the Inland Empire.
Five people were hospitalized and three dogs died after a fire in a Riverside apartment building.
Melody Valdez, 21 of Temecula, was arrested on suspicion of homicide, among other charges.
The crash happened just before 7 a.m. on Sunday near the intersection of Whitewood Road and Meadowlark Lane, Murrieta police said.
The lawyer for the man identified him as a 28-year-old Venezuelan national, Wilber Rafael Garces Perez. Officials said he was shot at least once in the torso and was in serious but stable condition.
In 2019, Bunch became both the first historian and the first African American to serve as Secretary of the Smithsonian Institution. As he prepares to retire, he talks about the museums' mission to protect history, and give America a full picture of itself.
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
The lawsuit argues the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts.
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.
California Gov. Gavin Newsom vetoed a bill Friday that would have allowed each state agency to make its own telework policy.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Health and Human Services Secretary Robert F. Kennedy Jr. spoke at a conference hosted by an organization he once led that has promoted doubts about vaccines.
Homeowners getting their insurance through the California FAIR Plan will soon be paying even more, but industry observers say it may be a good sign for the state's insurance market.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
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 CDPH said an unvaccinated passenger who later was hospitalized with measles traveled around the country by train and bus, eventually moving through at least six California counties before heading to Denver, Colorado.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The Social Security Administration is expanding its list of diseases and other health conditions that may qualify for accelerated approval of disability benefits.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
About 43,000 people are expected to attend the annual AI and enterprise tech conference hosted by Salesforce which comes amid calls for a slowdown in AI developments.
Pest control company Terminix has agreed to pay $3.15 million to settle a lawsuit brought by 29 California counties alleging the company unlawfully disposed of pesticides and violated customer privacy laws.
As Californians prepare to celebrate Labor Day and the contributions of American workers, labor unions are raising alarms about what they see as a growing threat to the future of human work.
California regulators approved Waymo to expand its services in Los Angeles and the Bay Area, and to offer its autonomous ride-hailing service in Sacramento and San Diego in the future, the company said Friday.
A California lawmaker wants to address the rising cost of event tickets by limiting how much some tickets can be marked up on the resale market.
The bills are aimed at continuing current preparations, supporting key public safety partnerships and helping student athletes who will be competing in the Games.
Wayne Knight ran for 177 yards and two touchdowns, Nico Iamaleava threw two of his three touchdown passes to Semaj Morgan, and UCLA defeated Purdue 52-38 in the Big Ten opener for both teams.
Christian Moore hit an infield single with two outs and the bases loaded that bounded off reliever Taylor Rogers' leg to score Zach Neto and give the Los Angeles Angels a 6-5, 11-inning victory over the Minnesota Twins on Saturday night.
Mookie Betts went 4 for 4 with three doubles, Will Smith added three hits including a home run, and the Los Angeles Dodgers beat the San Francisco Giants 10-4 on Saturday night.
Marco Reus had a goal and an assists, João Klauss and Pablo Ruiz also scored a goal, and the LA Galaxy beat Minnesota United 3-2.
California established Sept. 25, 9-2-5, as Dolly Parton Day in honor of the beloved artist and as a nod to her 1980 iconic song "9 To 5".
California's film industry rejoiced on Saturday as Gov. Gavin Newsom signed a bill that will create a post-production tax credit and hopefully keep the work in Hollywood.
Duncan Sheik died on Thursday night, his family said.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
Athletes gathered at Zuma Beach in Malibu to compete in a triathlon to raise money for charity.
Paul Zahn, a lifestyle expert, shares some tips on how to make a perfect fall brunch and dinner that are fit for the season.
Temperatures will continue to be below average in Southern California through the beginning of the week. There could be a chance of some light showers in some areas on Monday and Tuesday.
Alex Biston previews the upcoming weather for Southern California in her NEXT Weather Forecast.
Lauren Pozen reports from Exposition Park, where some of Hollywood's biggest names attended the grand opening of the Lucas Museum of Narrative Art on Saturday.
Some of golf's best are facing off at the U.S. Women's Open at the Riviera Country Club in the Pacific Palisades over the weekend. The event runs from June 2 to June 7.
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.
