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.
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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 LAFD said Sepulveda Boulevard and 96th Street near LAX were closed after a construction crew struck a gas line and water main.
Jeff McNeil hit a tying homer in the ninth inning and Tyler Soderstrom had an RBI single in the 10th to rally the Athletics past the Los Angeles Angels 6-5.
President Trump appeared to back Spencer Pratt's campaign for Los Angeles mayor, saying he'd like to see the political newcomer "do well" in the upcoming election.
Shohei Ohtani homered on the first pitch of the game before throwing five sharp innings of three-hit ball in the Los Angeles Dodgers' 4-0 victory over the San Diego Padres.
A downtown San Pedro welcome party kicks things off Thursday night, with events beginning on Friday, May 22, and continuing through Monday, May 25, with ship tours taking place from 10 a.m. to 6 p.m. each day.
On Tuesday, fire officials said the Sandy Fire had experienced significant growth due to shifting winds, steep terrain and canyon-driven fire behavior.
The LAFD said Sepulveda Boulevard and 96th Street near LAX were closed after a construction crew struck a gas line and water main.
President Trump appeared to back Spencer Pratt's campaign for Los Angeles mayor, saying he'd like to see the political newcomer "do well" in the upcoming election.
A downtown San Pedro welcome party kicks things off Thursday night, with events beginning on Friday, May 22, and continuing through Monday, May 25, with ship tours taking place from 10 a.m. to 6 p.m. each day.
At least four people were injured as a result of the blaze, according to Cal Fire.
The LAFD said Sepulveda Boulevard and 96th Street near LAX were closed after a construction crew struck a gas line and water main.
President Trump appeared to back Spencer Pratt's campaign for Los Angeles mayor, saying he'd like to see the political newcomer "do well" in the upcoming election.
A downtown San Pedro welcome party kicks things off Thursday night, with events beginning on Friday, May 22, and continuing through Monday, May 25, with ship tours taking place from 10 a.m. to 6 p.m. each day.
The LA County Sheriff's Department said the man was taken to the hospital after the shooting.
In LA County, ocean water at the Santa Monica Pier got an F, making the Beach Bummers list, continuing to rank among the state's most polluted beaches during dry weather conditions.
Police say that a man allegedly shot and killed a woman believed to be his girlfriend during a dispute early Wednesday morning.
Air quality monitors issued a smoke advisory as the Bain, Sandy and Santa Rosa Island wildfires continue to burn in Southern California.
"Single-pole beach umbrellas are the only shade structures permitted on city beaches, except within designated canopy zones," the City of Laguna Beach wrote on social media.
The new 3,700-gallon tank will help water-dropping helicopters quickly refill and return to dousing any wildfires in the area.
Disturbing video showing a dog chained up in the back of a pickup truck on the 5 Freeway in Southern California has sparked a call to action to help the pup find a new home.
An alleged arsonist was arrested after setting fire to Banning City Hall and the Banning Police Station on Tuesday, according to police.
Police were notified by staff at John W. North High School on March 2 that several campus HVAC systems were damaged and stripped of materials. Officers began an investigation and, through surveillance footage, identified the suspects and their vehicle.
Air quality monitors issued a smoke advisory as the Bain, Sandy and Santa Rosa Island wildfires continue to burn in Southern California.
A homicide investigation is underway in Riverside County after a 47-year-old man was found shot to death early Tuesday morning.
A San Bernardino County woman was shocked to discover that what appeared to be someone else's ashes were already being stored inside of an urn she had ordered from Amazon for her late husband's ashes.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
U.S. motorists are likely to face even hotter gas prices as the summer driving season kicks off, according to a new analysis.
The Amazon founder said eliminating taxes for lower-income Americans could ease financial pressure and encourage entrepreneurship.
The $1.776 billion fund, which is part of the agreement to settle Trump's lawsuit against the IRS and Treasury Dept., is to be used to compensate those who claim that the government weaponized the legal system against them.
The Supreme Court's term is set to end around the end of June, with decisions on birthright citizenship, transgender athlete bans and gun rights still to come.
President Trump appeared to back Spencer Pratt's campaign for Los Angeles mayor, saying he'd like to see the political newcomer "do well" in the upcoming election.
Former Cuban leader Raúl Castro was indicted by a U.S. grand jury in connection with the Cuban military's fatal downing of two planes in 1996 — an escalation in the U.S. pressure campaign against the Cuban government.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
The $1.776 billion fund, which is part of the agreement to settle Trump's lawsuit against the IRS and Treasury Dept., is to be used to compensate those who claim that the government weaponized the legal system against them.
The Supreme Court's term is set to end around the end of June, with decisions on birthright citizenship, transgender athlete bans and gun rights still to come.
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.
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.
Los Angeles County health officials on Saturday confirmed the fifth measles case of the year in an international traveler who arrived at Los Angeles International Airport earlier in the week.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
California public health officials said on Wednesday that they have identified a fifth resident who may have been exposed to the Andes hantavirus due to the outbreak on the MV Hondius cruise ship.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
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.
A home-based food movement has been heating up in California, with home cooks turning their beloved family recipes into small businesses.
More than a dozen cities and counties across California were given a "final warning" from state officials Wednesday, saying they have failed to properly plan for additional new homes amid the state's lack of affordable housing.
Jeff McNeil hit a tying homer in the ninth inning and Tyler Soderstrom had an RBI single in the 10th to rally the Athletics past the Los Angeles Angels 6-5.
Shohei Ohtani homered on the first pitch of the game before throwing five sharp innings of three-hit ball in the Los Angeles Dodgers' 4-0 victory over the San Diego Padres.
Aaron Rodgers says his 22nd season in the NFL will be his last.
Nick Kurtz had three hits and five RBIs, Brent Rooker and Zack Gelof homered and drove in three runs apiece as the Athletics beat the Los Angeles Angels 14-6.
Alex Call slid home with the tiebreaking run on Andy Pages' sacrifice fly off Mason Miller in the ninth inning, and the Los Angeles Dodgers hung on for a 5-4 victory over the San Diego Padres.
A judge has paused the prosecution of a woman charged with the attempted murder of Rihanna while it is determined whether she is mentally competent to stand trial.
René Cárdenas, the first Spanish-language broadcaster for the Los Angeles Dodgers, Houston Astros and Texas Rangers during a 60-year career, has died.
Spencer Pratt has said he was compelled to launch his unlikely mayoral run after his home was destroyed in last year's devastating Los Angeles wildfires.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
Two people were arrested for allegedly stealing HVAC systems from Riverside school campuses and stripping them of their parts for sale. Lesley Marin reports.
The LAFD said Sepulveda Boulevard and 96th Street near LAX were closed after a construction crew struck a gas line and water main.
President Trump appeared to back Spencer Pratt's campaign for Los Angeles mayor, saying he'd like to see the political newcomer "do well" in the upcoming election. Tom Wait reports.
Since igniting on Monday, the Sandy Fire has burned more than 2,100 acres and forced thousands of people to evacuate from their homes. Brittney Ermon reports.
Law enforcement officials from across Southern California announced seven arrests in connection with Los Angeles-area burglaries in recent months. Nicole Comstock reports.
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.
