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.
The suspect allegedly shot at officers and ran into a nearby home. He was hospitalized in a stable condition.
The California Highway Patrol is searching for a driver who allegedly killed a 16-year-old bicyclist during a road rage incident at Exposition Park on Friday.
Concrete barriers inexplicably appeared along several street parking spots in Chatsworth.
The California Highway Patrol closed the 5 Freeway between Newhall and Sylmar for a death investigation.
Police recovered more than $200,000 in Nike Jordan shoes during a California Highway Patrol operation in Anaheim.
The suspect allegedly shot at officers and ran into a nearby home. He was hospitalized in a stable condition.
The California Highway Patrol is searching for a driver who allegedly killed a 16-year-old bicyclist during a road rage incident at Exposition Park on Friday.
Concrete barriers inexplicably appeared along several street parking spots in Chatsworth.
The California Highway Patrol closed the 5 Freeway between Newhall and Sylmar for a death investigation.
Police recovered more than $200,000 in Nike Jordan shoes during a California Highway Patrol operation in Anaheim.
The suspect allegedly shot at officers and ran into a nearby home. He was hospitalized in a stable condition.
The California Highway Patrol is searching for a driver who allegedly killed a 16-year-old bicyclist during a road rage incident at Exposition Park on Friday.
Concrete barriers inexplicably appeared along several street parking spots in Chatsworth.
The California Highway Patrol closed the 5 Freeway between Newhall and Sylmar for a death investigation.
Police recovered more than $200,000 in Nike Jordan shoes during a California Highway Patrol operation in Anaheim.
Police recovered more than $200,000 in Nike Jordan shoes during a California Highway Patrol operation in Anaheim.
With the holiday season quickly approaching, police warned residents to be wary of porch pirates after a brazen theft in front of an Irvine home.
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 cat was scared up a tree by one of the neighborhood's small dogs before getting tranquilized and relocated by wildlife officials.
Park officials say the ride had technical difficulties. Twenty-two riders were involved. Two were brought to a hospital.
The Riverside County District Attorney's Office declined to file charges against the suspected sexual predator who tried to meetup with a Temecula teenager for sex because they said more evidence was needed before they could take action.
The woman told firefighters that she had fallen into the hole sometime Tuesday evening and wasn't discovered until a passerby heard her screaming for help.
Undercover detectives posed as a teenage girl online and began talking with a 43-year-old man from Arizona who expressed his intent to meet up for sexual purposes.
It happened at around 9:15 p.m. on Friday near the intersection of SR-74 and White Avenue, according to California Highway Patrol officers.
Investigators arrested the 46-year-old man after an undercover operation revealed he was trying to meet a minor for sexual purposes.
While sometimes slow, the tracing system from the Bureau of Alcohol, Tobacco Firearms and Explosives played an instrumental role in helping law enforcement locate the man who opened fire inside a Monterey Park dance hall in 2022.
Following a deadly hijacking of a Metro bus, Ross Palombo digs through data about violence on the Metro system.
Ross Palombo goes over the crime statistics available for the Metro.
KCAL News investigates connection between Beverly Hills armed robbery and gun belonging to notorious police killer Christopher Dorner.
Ross Palombo shows how investigators arrested the man accused of starting the Line Fire after they spotted his white truck. Palombo also speaks to the man's family.
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
The 17-time Grammy Award-winning artist's new album features 12 songs.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Shohei Ohtani becomes the second player named MVP in both the American and National leagues.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Los Angeles County Supervisors are calling for a county-run homeless department after a recent audit found that the Los Angeles Homeless Services Authority was having a number of issues, including the handling of funding provided for direct response to the homeless crisis.
Dr. Mehmet Oz unsuccessfully ran for Senate in 2022. Now he's Trump's choice to lead the Centers for Medicare and Medicaid Services.
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.
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.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
Public health officials have reported two more locally acquired cases of the mosquito borne illness dengue in Los Angeles County, bringing the total to 11 cases in recent weeks.
McDonald's says Quarter Pounders will be back on the menu at hundreds of its restaurants after testing ruled out beef patties as the source of an E. coli outbreak.
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.
Two more members of the Los Angeles Times editorial board have resigned after the newspaper's owner blocked its plan to endorse Democratic Vice President Kamala Harris for president.
Thousands of mental health workers at Kaiser Permanente facilities spanning across Southern California went on strike on Monday, calling for increased pay and restored pension plans, amid other demands.
Workers at seven CVS pharmacies in Southern California have gone on strike for better pay and health care and to protest what they say is bad-faith contract bargaining by the company.
Shohei Ohtani becomes the second player named MVP in both the American and National leagues.
Sebastian Mack scored 21 points, Tyler Bilodeau hit 4 of 4 from 3-point range and finished with 20 points and UCLA beat Idaho State 84-70.
Ukko-Pekka Luukkonen stopped 24 shots, Jason Zucker scored the game's only goal, and the Buffalo Sabres beat the Los Angeles Kings 1-0.
James Harden scored 24 points and the Los Angeles Clippers won their sixth game in a row at their new arena, beating the Orlando Magic 104-93.
Freddie Freeman's historic walk-off grand slam ball from Game 1 of the World Series is hitting the auction block.
The 17-time Grammy Award-winning artist's new album features 12 songs.
For years, actor and comedian Katt Williams has claimed he lied about his age as a teenager to join the Marines and passed boot camp before being drummed out. The Marines have no record of him ever serving.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Mattel apologizes for inadvertently directing people to pornography site instead of one promoting upcoming film.
An infant has died in California and nine people were hospitalized across four states in the latest listeria outbreak, the Centers for Disease Control and Prevention said in a news statement. Nicole Comstock reports.
The California Highway Patrol is searching for a driver who allegedly killed a 16-year-old bicyclist during a road rage incident at Exposition Park on Friday.
Amanda Starrantino heads to Culver City for SoCal Spotlight.
While it's unclear why the concrete barriers were placed along some Chatsworth streets, homeless advocates claim that it is meant to deter RVs and homeless residents from parking or staying in the area. Gio Insignares reports.
Police closed the southbound 5 Freeway near the CA-14 transition road for an investigation.
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.
The Los Angeles Dodgers win the World Series in Game 5 in a 7-6 win over the New York Yankees
