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 Martin Luther King Jr. Community Hospital in South Los Angeles has been facing a financial crisis due in part to changes to federal Medicaid funding.
Billboards in Inglewood are at the heart of a high-stakes battle over advertising revenue, control of city finances and political influence as the city prepares to host massive crowds for upcoming events.
More than 2,700 people were reported missing on Monday night, after the country was struck by its strongest earthquake on record.
Ahead of a flight from Turkey, President Trump secretly left Air Force One and was moved to another plane with the help of a catering truck, according to a source, as the U.S. grappled with a threat from Iran.
Brandon Nimmo singled home the go-ahead run in the 10th inning and the Texas Rangers beat the Los Angeles Angels 4-1 to snap a five-game road losing streak.
"With profound sadness that we share that [Jackie] passed away in the early hours of this morning, following more than three weeks of intensive medical care," Ojai Raptor Center said.
The Martin Luther King Jr. Community Hospital in South Los Angeles has been facing a financial crisis due in part to changes to federal Medicaid funding.
More than 2,700 people were reported missing on Monday night, after the country was struck by its strongest earthquake on record.
Ahead of a flight from Turkey, President Trump secretly left Air Force One and was moved to another plane with the help of a catering truck, according to a source, as the U.S. grappled with a threat from Iran.
Brandon Mendez, 19, suffered a fractured spine and skull after a man accused of intentionally crashing into 10 people ran him over in Culver City last month.
The Martin Luther King Jr. Community Hospital in South Los Angeles has been facing a financial crisis due in part to changes to federal Medicaid funding.
Billboards in Inglewood are at the heart of a high-stakes battle over advertising revenue, control of city finances and political influence as the city prepares to host massive crowds for upcoming events.
Brandon Mendez, 19, suffered a fractured spine and skull after a man accused of intentionally crashing into 10 people ran him over in Culver City last month.
California Gov. Gavin Newsom on Monday announced that nine new television productions would be awarded through the state's film and television tax credit program, which his office estimates will bring over $600 million in production spending.
The Los Angeles Police Department was in pursuit of a possible DUI driver in the San Fernando Valley.
Metrolink has opted to suspend routes heading through Orange County this week due to an extended period of high tides that are expected to batter the Southern California coast.
The looming El Niño could bring one of the wettest winters on record to California, according to renowned climatologist Daniel Swain.
Orange County Health Care Agency officials have confirmed the county's first human West Nile virus case of 2026, amid what some medical experts believe could be one of the worst mosquito seasons on record.
Drones used high-definition video to detect illegal aerial discharges, helping to pinpoint 13 properties and issue 8 citations totaling $240,000 under the city's new Social Host ordinance.
A study from the journal Science Advances confirms what many of us believed: that more heat waves mean more fires.
A deadly shooting suspect turned himself in to San Bernardino County authorities just hours after their investigation began in Hesperia on Friday.
Deputies say that the man pointed a firearm at them during the incident.
Deputies say that the 33-year-old man pointed a gun at another driver during a road rage incident in July.
The shooting happened on July 31 in the 33000 block of Simpson Road in Winchester, Riverside County deputies said.
The looming El Niño could bring one of the wettest winters on record to California, according to renowned climatologist Daniel Swain.
No winning tickets were sold for Monday night's $905 million Powerball jackpot, so the estimated grand prize for Wednesday night's drawing will be at least $975 million, Powerball says.
The recalled products with jalapeño were distributed at national retailers, including Walmart, Target and Trader Joe's, in 26 states.
The man who prosecutors say orchestrated the 1996 killing of rap icon Tupac Shakur, Duane "Keffe D" Davis, is on trial almost 30 years after the drive-by shooting in Las Vegas.
Don Nelson was one of two coaches in NBA history to have at least 250 wins with three different franchises — Milwaukee, Dallas and Golden State.
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.
Ahead of a flight from Turkey, President Trump secretly left Air Force One and was moved to another plane with the help of a catering truck, according to a source, as the U.S. grappled with a threat from Iran.
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.
In a narrow 50-49 vote, President Trump's former defense lawyer was confirmed as attorney general in a vote early Saturday.
First Assistant U.S. Attorney Bill Essayli hired former top aide Shawn Lewis to be a federal law enforcement liaison, though Lewis has three prior convictions for driving under the influence and a pending battery charge.
The Pentagon on Friday released a new batch of documents and images related to UFOs, the fifth disclosure in recent months about the strange encounters.
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.
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.
Orange County Health Care Agency officials have confirmed the county's first human West Nile virus case of 2026, amid what some medical experts believe could be one of the worst mosquito seasons on record.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
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.
California Gov. Gavin Newsom on Friday announced the rollout of the state's new electric vehicle instant rebate program, touting it as part of an investment in the state's clean-vehicle future.
Initial findings showed no evidence of rising statewide unemployment claims from workers in occupations considered highly exposed to AI.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The California State Assembly passed a new bill that they hope can rein in a black market in restaurant reservations.
Brandon Nimmo singled home the go-ahead run in the 10th inning and the Texas Rangers beat the Los Angeles Angels 4-1 to snap a five-game road losing streak.
The Los Angeles Dodgers rallied to beat Kansas City 6-5 for only their second victory in 10 games.
Former NFL quarterback Derek Carr has joined UCLA's coaching staff as a special adviser to head coach Bob Chesney.
Congress is asking MLB to prohibit promotional deals with betting operators after Phillies star Bryce Harper was featured in a video for a FanDuel VIP reward customer.
Eduardo Rodriguez struck out nine in seven strong innings and the Arizona Diamondbacks clinched their first season series over the Los Angeles Dodgers since 2018 with a 4-2 win.
California Gov. Gavin Newsom on Monday announced that nine new television productions would be awarded through the state's film and television tax credit program, which his office estimates will bring over $600 million in production spending.
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.
Some parts of the LA Jazz Festival were canceled just days before the citywide, two-week party was slated to begin, leaving performers and fans alike in the dark.
A performer will be living inside a billboard 30 feet above the Sunset Strip as Netflix promotes its new film "The Last House."
The Bob Baker Marionette Theater is releasing its first new show in four decades as the iconic team works to raise money and purchase its permanent home in Highland Park.
Emily Kaufman, The Travel Mom, joins CBS LA to give the scoop on the growing trend of astrotourism.
Football is back! With the NFL training camps wrapping up and the regular season quickly approaching, it's time to look at the league's toughest groups of teams. Former NFL Network and Denver Broncos reporter Elisa Hernandez argues that the NFC West is the best division, with the Seattle Seahawks, Los Angeles Rams and San Francisco 49ers. The Sporting Tribune writer opts for the AFC West and it's superior coaches like the Los Angeles Chargers' Jim Harbaugh and the Kansas City Chiefs' Andy Reid. Graham Metzker hosts, and wonders if there could be a Rams-Chargers Super Bowl this season in LA, in the latest Sports Central Showdown.
As students return to the classroom for the start of the school year, Southern California will continue to be warm and humid. A lull in the heat will come toward the end of the week as a low-pressure system moves south from the Pacific Northwest.
Nearly two months after suffering a fractured spine and skull, 19-year-old Brandon Mendez is trying to focus on recovering rather than wasting his energy on hating the Perris man accused of intentionally crashing into people in Culver City. Laurie Perez reports.
The Manhattan Beach Police Department arrested a man camping out in a resident's garage after the owner noticed food missing from the fridge.
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.
