Why Are There No Houses To Buy?
Though housing prices have soared in many parts of the country, and inventory is way down, real estate sales may still be stronger in 2021.
Watch CBS News
Though housing prices have soared in many parts of the country, and inventory is way down, real estate sales may still be stronger in 2021.
The total of million-dollar cities is now at 312, up from 104 from five years ago, according to online real estate firm Zillow. These are cities in which the average home value is $1 million or more.
Experts say over the decade, over 150,000 people have left the state and that number is expected to climb as remote working options increase during the coronavirus pandemic.
The home that used to be known as Satsang was a modern marvel of glass, marble, concrete and solar panels with nine bedrooms, 12 bathrooms and 19,346 square feet.
The Federal Trade Commission and the Utah Division of Consumer Protection announced their complaint against Utah-based Zurixx, LLC Friday.
A prime piece of real estate that was initially offered at a whopping $1 billion has been sold for the bargain basement price of $100,000.
An asking price of $1.7 million would not generally be unusual for the 1,500-square-foot property on 39th Street near Highland Avenue. However, the house's appearance is definitely out of the ordinary in the upscale Manhattan Beach community.
For potential new buyers who went through the walk-thru, the concept was clearly intriguing.
A condo that real estate developer Jim Likens recently remodeled in the San Fernando Valley has been sitting on the market for about two months.
We've rounded up the latest rental offerings via rental site Zumper to get a sense of what to expect when it comes to finding a place in Huntington Beach if you're on a budget of $2,000/month.
"14,000 on three lots, five bedrooms with a loft, game room and a gym, and two bars full of gin," listing agent Tim Smith raps.
The owner of a $1.4 million condo, located between Costa Mesa's Fairview Park and Talbert Regional Park, is hoping the luxury electric car will sweeten the deal for anyone interested in his listing.
The 40-unit Huxton Long Beach, built on top of a once-vacant lot on Elm Avenue, features townhomes that are solar-powered and all electric.
We scanned local listings in Newport Beach via rental website Zumper to discover the city's most glamorous listings.
Here's a story…of a lovely listing. The Studio City home known as "The Brady Bunch house" because its exteriors were used on the show is on the market for the first time in nearly 50 years.
You knew living in one of America's most desirable zip codes was expensive, but did you know the priciest listing in today's Beverly Hills rental market is going for 2,100% above the median average for 3-bedroom rentals in CA?
Rep. Dana Rohrabacher has lost the political endorsement of the National Association of Realtors after he told a local trade group earlier this month that he would oppose extending the Fair Housing Act to gays and lesbians.
The sale for an ultramodern home on Malibu's famed Carbon Beach – better known as Billionaire's Beach – is set to close Tuesday at $110 million.
"There are so many 20-year-old millionaires in the area that it really didn't surprise me," said listing agent Larry Gallegos.
The realtor for the listing says 10 potential buyers have already contacted her about the home, and the property will likely sell in a few days.
Rising interest rates could be cooling California's red-hot housing market, making it more affordable for more would-be homeowners.
Around the country, $1 million can buy you huge mansions, with pools, and tennis courts.
The Sunnyvale home's proximity to the new Apple headquarters has sent the values of neighboring homes, built in the 1960s, skyrocketing.
The linkage fee of $5 or $12 per square foot would raise up to $100 million per year for affordable housing development.
These days, the price of a San Francisco home can easily top a million dollars. But one savvy investor has bought up a whole street in the city's most exclusive neighborhood for a mere $90,000.
A plane crash in Fullerton spurred a fire near the airport, authorities said, with aerial footage showing firefighters at the scene Thursday afternoon.
The Charge Up to Playoffs, "a week of Bolt Fam get-togethers" begins Jan. 7 and culminates in Sherman Oaks Jan 10, with the Jim Harbaugh lookalike contest.
A man arrested outside a Donald Trump rally in Coachella pleaded not guilty to misdemeanor gun charges Thursday, months after suing the Riverside County Sheriff over alleged violations of his constitutional rights.
A Beverly Hills doctor has been charged with eight felony counts after allegedly raping an unconscious woman.
An extra day has been added to Floatfest, where 39 floats displayed along two miles of Sierra Madre and Washington Boulevards are up for viewing.
The explosion outside the Trump International Hotel Las Vegas on New Year's Day is being investigated as a possible act of terrorism, sources said.
A plane crash in Fullerton spurred a fire near the airport, authorities said, with aerial footage showing firefighters at the scene Thursday afternoon.
The Charge Up to Playoffs, "a week of Bolt Fam get-togethers" begins Jan. 7 and culminates in Sherman Oaks Jan 10, with the Jim Harbaugh lookalike contest.
A man arrested outside a Donald Trump rally in Coachella pleaded not guilty to misdemeanor gun charges Thursday, months after suing the Riverside County Sheriff over alleged violations of his constitutional rights.
A Beverly Hills doctor has been charged with eight felony counts after allegedly raping an unconscious woman.
A plane crash in Fullerton spurred a fire near the airport, authorities said, with aerial footage showing firefighters at the scene Thursday afternoon.
The Charge Up to Playoffs, "a week of Bolt Fam get-togethers" begins Jan. 7 and culminates in Sherman Oaks Jan 10, with the Jim Harbaugh lookalike contest.
A man arrested outside a Donald Trump rally in Coachella pleaded not guilty to misdemeanor gun charges Thursday, months after suing the Riverside County Sheriff over alleged violations of his constitutional rights.
A Beverly Hills doctor has been charged with eight felony counts after allegedly raping an unconscious woman.
An extra day has been added to Floatfest, where 39 floats displayed along two miles of Sierra Madre and Washington Boulevards are up for viewing.
The crash was reported at around 1:40 a.m. near the intersection of Marguerite Parkway and Pueblonuevo Drive, according to the Orange County Sheriff's Department.
The Environmental Nature Center in Newport Beach is supposed to be a place to enjoy the great outdoors, but part of the beauty is disappearing.
It happened on Friday evening near S. Maywood Street and South Street, according to the Anaheim Police Department.
"It's a felony?" A recently viral video shows the moments that two shoplifters discuss Proposition 36, one of the new laws in effect in California that now makes stealing a felony, all while sitting handcuffed in the back of a police car.
Undercover police saw 43-year-old Anthony Hanzal steal multiple boxes of Legos before leaving a grocery store in Fullerton, prompting what ended up being a deadly pursuit on Dec. 18.
The woman was found at around 8:20 p.m. on New Year's Eve, when officers were dispatched to make a welfare check on the 33-year-old.
CHP officers pulled the driver over after witnessing them making an unsafe turn on US-395.
It happened at around 11:30 a.m. on the Columbia Avenue off-ramp of southbound lanes of the freeway, according to the California Highway Patrol.
A woman had to have part of her right arm amputated after she was attacked by two dogs over the weekend in Riverside County.
The suspect, 44-year-old Menifee woman Olga Mendez, was booked on suspicion of kidnapping, assault with a deadly weapon, criminal threats and two unrelated warrants, according to deputies.
KCAL News Investigates dives into the stats and budgets surrounding the enforcement of illegal dumping in LA.
Ross Palombo takes us through a year's worth of KCAL News Investigations.
A KCAL News investigation found that some schools marked entire classrooms present on days where there were actually numerous absences, which one teacher believes to be a district-wide issue.
Ross Palombo investigates possible attendance fraud, where marking students present when they're not actually in class, could be affecting an even larger amount of LAUSD schools than first thought.
Is your recycled Starbucks cup ending up where you expected? A KCAL News investigation says that it probably isn't. Ross Palombo takes a deeper look at the problem.
At least 14 people were killed after a driver slammed into a crowd celebrating New Year's on Bourbon Street in New Orleans.
The fireworks explosion happened just before midnight outside a home in a Honolulu-area neighborhood.
The explosion outside the Trump International Hotel Las Vegas on New Year's Day is being investigated as a possible act of terrorism, sources said.
A man "hellbent" on creating carnage drove around barricades and hurtled down Bourbon Street in New Orleans' French Quarter, police said.
"All parties and all agree that it's in the best interest of everybody and public safety that we postpone the game," Sugar Bowl CEO Jeff Hundley said Wednesday afternoon.
The explosion outside the Trump International Hotel Las Vegas on New Year's Day is being investigated as a possible act of terrorism, sources said.
Hundreds of new California laws have now gone into effect for 2025. Here's what you should know.
After Jimmy Carter's death Sunday at the age of 100, President-elect Donald Trump said "we all owe him a debt of gratitude."
Jimmy Carter, the 39th president and the longest-living president in U.S. history, died Sunday at his home in Plains, Georgia, surrounded by family.
World leaders react to the death of Jimmy Carter, the 39th president, who strived to improve the lives of Americans and people around the world for decades after his presidency.
Grocery giant Albertsons will pay nearly $4 million to settle a lawsuit accusing it of overcharging customers at hundreds of Albertsons, Safeway and Vons supermarkets.
A federal judge has blocked a new California law allowing any person to sue for damages over election deepfakes.
Californians with iPhones and Apple Watches will now be able to store digital versions of their driver's licenses and identification cards on their devices, state officials announced.
The authorization comes after a week-long voting period for the more than 6,000 Food4Less workers represented by the United Food and Commercial Workers Local union.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
The H5N1 bird flu virus has been found in samples of Monarch Raw Pet Food, and a cat that ate the food is confirmed to have been infected.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
Cases now reported in eight states related to Yu Shang Food products sold online and at stores nationwide, officials say.
Public health officials are urging residents and business owners to monitor their water sources after seven people reported contracting Legionnaire's Disease in recent days.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
Insurance companies in California will have to offer coverage to homeowners in wildfire-prone areas under a new state regulation that was announced Monday.
The lawsuit contends that multiple food truck operators have created constant nuisance outside of the store in the form of congestion, trash generation and rudeness to store employees.
California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit.
Avid coin collectors jumped at the chance to get their hands on a rare "double eagle" gold coin at a Southern California auction house.
Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.
Andre Lee scored his first NHL goal, Darcy Kuemper recorded his second shutout of the season and the Los Angeles Kings beat the New Jersey Devils 3-0 for their third straight win.
No. 6 Ohio State roared into the College Football Playoff semifinals with a 41-21 victory over No. 1 Oregon in the 111th Rose Bowl.
Kiki Rice scored 16 points to lead five players in double figures and No. 1 UCLA defeated 24th-ranked Michigan 86-70 to complete a sweep of its first Big Ten homestand.
Juju Watkins scored 26 points to lead No. 4 USC to a 75-55 win over Nebraska on Wednesday for the Trojans' ninth straight victory.
Jimmy Garoppolo will take his first snaps for the Rams when he starts in place of Matthew Stafford in playoff-bound Los Angeles' regular-season finale against Seattle.
Here are the books and characters newly joining the list of works in the public domain in 2025.
A variety of New Year's Eve performers are expected for tonight's Times Square ball drop to ring in 2025.
Angelina Jolie and Brad Pitt have reached a divorce settlement, her lawyer says, apparently ending one of the longest and most contentious divorces in Hollywood history.
Linda Lavin, a Tony Award-winning stage actress who became a working class icon as a paper-hat wearing waitress on the TV sitcom "Alice," has died. She was 87.
Olivia Hussey won a Golden Globe for best new actress for her part as Juliet in Franco Zeffirelli's 1968 adaptation of William Shakespeare's "Romeo and Juliet."
Daniel Chung went from being a corporate banker to becoming a food influencer. The videos he posts with his wife have garnered millions of views showcasing the meals he prepares in his kitchen.
Weight loss is a New Year’s resolution for many people. But hitting the gym isn’t the only solution, heathy eating and kick-starting your metabolism is an important factor. Registered dietician Louisa Sabogal shared some ways to improve meals.
Several experts and other local officials discussed the investigation into the New Orleans attack where a man drove his car into a crowd celebrating New Year’s on Bourbon Street. New Orleans is set to host the Super Bowl next month.
A former FBI special agent discussed the New Orleans investigation after a man drove his car into a crowd celebrating New Year’s on Bourbon Street. Doug Kouns said he would be focused on the suspect’s communication patterns leading up to the incident.
The Rose Parade may be over, but two miles of the roadway is lined with 39 floats and Floatfest offers the chance for up-close viewing, through Friday.
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.
KCAL News Anchor and three-time Emmy award-winning journalist Chauncy Glover has died.
Los Angeles comes out to celebrate the Boys in Blue two days after winning the 2024 World Series.
The Los Angeles Dodgers are World Series champions after defeating the New York Yankees in game 5.
