US housing market booms as buyers enter bidding wars amid low supply

“The housing market is hot. Very hot,” National Association of Realtors Chief Economist Lawrence Yun told FOX Television Stations. But Yun predicts that things could soon cool down.

‘Historically’ high lumber prices adding more than $35K on average to new home price tag

While many businesses have slowed during the COVID-19 pandemic, the home-building industry has seen a boom — but it could be at risk due to a lumber shortage that has triggered skyrocketing prices for the material.

SoCal's hot real estate market
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Southern California home prices reached an all-time high in February. Experts say low mortgage rates and people's desire to own more space is driving a pandemic housing boom.

In Depth: COVID-19 long haulers, stimulus payments, real estate
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Marla Tellez hosts in place of Hal Eisner. She is joined by Diana Berrent, the founder of Survivor Corps, a grassroots movement to help COVID long haulers support each other and help medical professionals and scientists try to find answers to the medical mysteries and more.

US existing home sales plunge 17.8% in April

The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the slowest pace since September 2011.

Rent is going down in Los Angeles due to pandemic

A new report published by real estate data tracking company CoStar indicates that new apartments, and those under construction, are facing the biggest decreases in rent prices.

New York town selling mansion for $50K - but there's a catch

The city of Auburn, New York, is selling a massive Victorian home for $50,000 - but only if interested buyers can provide a full restoration plan for the residence.

L.A. wants megamansion tied to real estate developer Mohamed Hadid torn down

Los Angeles city prosecutors are calling for an unfinished megamansion in Bel-Air to be torn down to its foundation, the latest twist in the saga over a colossal building at the center of criminal charges, court battles and an FBI investigation, it was reported Wednesday. 

Scam artist confronted over elaborate real estate scheme
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A Los Angeles realtor has a warning for the public after he says a scammer has been impersonating him. and ripping people off. He reached out to FOX 11's Bill Melugin for help and together they came face to face with the alleged conman.

Top Property: A Brentwood mansion built for an athlete

This week's Top Property was built for a very specific demographic in a little known pocket of Northern Brentwood called "Brentwood Grove Estates."

Top Property: Woman designer builds upscale home in Mar Vista

Our first visit to the Mar Vista neighborhood on the west side of Los Angeles exceeds expectations and not just because it was built and designed by a woman. In the male-dominated industry of home building and design, Gladkov is making her mark in Los Angeles.

Top Property: Beverly Hills home including Andy Warhol pop art

1049 Loma Vista Drive is not your typical brand new Beverly Hills home. Unlike others, this Trousdale estate's most prized possession is its Andy Warhol originals.

Top Property: Beverly Hills home including Andy Warhol pop art
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1049 Loma Vista Drive is not your typical brand new Beverly Hills home. Unlike others, this Trousdale estate’s most prized possession is its Andy Warhol originals.

Top Property: Firefly Place in Playa Vista

Today's Top Property takes Marla Tellez, for the first time in her series, to the booming beach community of Playa Vista. Home to tech giants such as Google and YouTube, Playa Vista is appropriately and affectionately known as Silicon Beach. Approximately ten-thousand people now live and work there and that brings us to 5922 Firefly Place.