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 Los Angeles Department of Water and Power issued a boil water notice after preliminary reports from a water quality testing station in K-town showed E. coli in water samples.
As a proposed billionaire tax in California moves forward, Gov. Newsom says other approaches are needed, including closing a tax loophole used by the ultra-rich.
The California Highway Patrol said an Amber Alert for a missing 3-month-old infant from Alameda County has been lifted after the child was found in Southern California.
David Anthony Zapata, 35, stabbed 17-year-old Xavier Chavarin in the back outside of a restaurant in El Sereno in March 2023.
LA County Sheriff Robert Luna says that as celebrations continue for the World Cup games, he reminds the public to participate safely and says that anyone who targets law enforcement officers will be arrested.
New laws include restrictions on handgun sales and clarity for food expiration date labels.
The Los Angeles Department of Water and Power issued a boil water notice after preliminary reports from a water quality testing station in K-town showed E. coli in water samples.
As a proposed billionaire tax in California moves forward, Gov. Newsom says other approaches are needed, including closing a tax loophole used by the ultra-rich.
James, 41, played eight seasons with the Lakers and led the franchise to its 17th NBA championship in the 2019-2020 season.
The California Highway Patrol said an Amber Alert for a missing 3-month-old infant from Alameda County has been lifted after the child was found in Southern California.
The Los Angeles Department of Water and Power issued a boil water notice after preliminary reports from a water quality testing station in K-town showed E. coli in water samples.
LA County Sheriff Robert Luna says that as celebrations continue for the World Cup games, he reminds the public to participate safely and says that anyone who targets law enforcement officers will be arrested.
A Venice father whose quick thinking saved his 2-year-old daughter's life when a truck crashed into their car nearly two weeks ago is on the long road to recovery after doctors amputated part of his leg.
Mexico reached the Round of 16 for the eighth time on Tuesday night with their 2-0 win over Ecuador, and fans took the Southern California streets to celebrate the moment.
A $15,000 reward has been renewed as Los Angeles County Sheriff's Department detectives continue working to locate a suspect wanted for the 2024 homicide of 50-year-old Damon Eugene Bluthenthal.
Mexico reached the Round of 16 for the eighth time on Tuesday night with their 2-0 win over Ecuador, and fans took the Southern California streets to celebrate the moment.
Santa Ana police are warning of a crackdown on World Cup celebrations ahead of the Mexico-Ecuador match on Tuesday, a week after hundreds of fans flooded city streets following their win over Czechia.
It may be a construction site right now, but OC Vibe promises to be Southern California's newest hot spot for food and entertainment.
An Orange County airport worker met a woman who raised more than $170,000 for him after she spotted him working through pain on the job.
Hazardous materials cleanup is finally scheduled to take place at GKN Aerospace in Garden Grove next week, a month after a compromised chemical tank at risk of exploding or leaking caused tens of thousands of Orange County residents to evacuate their homes.
A Riverside County pastor was killed and his wife was injured when their hotel collapsed during the pair of powerful earthquakes that struck near Caracas, Venezuela, last week.
The shooting happened in an unincorporated community known as North Shore at around 12:10 a.m., according to Riverside County deputies.
Deputies said that the incident appears to have been an "apparent suicide pact."
The Friends of Big Bear Valley told CBS LA that Sandy, the female eaglet, appeared to land on another tree and is near her mother, Jackie.
An investigation is underway in San Bernardino County after human remains were discovered on a recently purchased Apple Valley property, according to deputies.
As a proposed billionaire tax in California moves forward, Gov. Newsom says other approaches are needed, including closing a tax loophole used by the ultra-rich.
Acting U.S. Attorney General Todd Blanche said "the Constitution is not a suggestion" and that "the Second Amendment is a sacred right belonging to all Americans."
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
The Supreme Court agreed to take up challenges to so-called assault-weapons bans in Cook County, Illinois, and Connecticut.
The Supreme Court on Tuesday struck down President Trump's executive order seeking to end birthright citizenship.
Acting U.S. Attorney General Todd Blanche said "the Constitution is not a suggestion" and that "the Second Amendment is a sacred right belonging to all Americans."
Los Angeles City Council members on Tuesday agreed to scrap a proposal that would put a measure to allow for non-citizen voting on the November ballot.
President Trump earned more than a billion dollars from crypto-related ventures alone last year, according to a financial disclosure, including from his meme coin business and his family's cryptocurrency firm.
The Supreme Court agreed to take up challenges to so-called assault-weapons bans in Cook County, Illinois, and Connecticut.
The Supreme Court on Tuesday struck down President Trump's executive order seeking to end birthright citizenship.
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.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
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.
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.
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.
Julio Rodriguez had three hits and scored twice, Bryan Woo took a shutout into the seventh inning and the Seattle Mariners put together a five-run sixth on Tuesday night to beat the Los Angeles Angels 8-3.
The Los Angeles Dodgers two-way star Shohei Ohtani will skip his scheduled pitching start Wednesday against the Athletics to get some extra rest, manager Dave Roberts said.
Santa Ana police are warning of a crackdown on World Cup celebrations ahead of the Mexico-Ecuador match on Tuesday, a week after hundreds of fans flooded city streets following their win over Czechia.
Shohei Ohtani hit a three-run homer to support Eric Lauer in his conventional return to the starting rotation as the Los Angeles Dodgers beat the Athletics 9-4.
Cole Young hit two home runs to back eight strong innings from George Kirby as the Seattle Mariners came from behind to beat the Los Angeles Angels 6-2.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
According to prosecutors and testimony, Carl Rinsch told Netflix he needed $11 million to finish a show, but spent whopping sums on luxury cars, watches and other goods, including $638,000 on two mattresses.
A California appeals court has upheld Harvey Weinstein's 2022 rape and sexual assault conviction.
There appear to be new clues about the location of Taylor Swift and Travis Kelce's wedding.
A judge has found that a man charged with murder in the stabbing of actor James Handy isn't mentally competent for criminal court proceedings.
Actors Leland Burnett and Carly Sakolove talk about the 25th anniversary tour of Mamma Mia! now at the Ahmanson Theatre.
Walk-in appointments are available on Wednesday for the Boyle Heights community following health concerns related to the massive warehouse fire.
A tour of Taylor’s Guitars and a look at how the instruments are made.
Emily Longeretta, director of features at Variety, discusses the latest in entertainment news.
Lifestyle expert Dawn McCarthy joins CBS LA Mornings to celebrate "Made in America Day" and share some U.S. made products.
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.
