Home prices skyrocket in City of Los Angeles, Orange County

The median price of an existing, single-family home in the Los Angeles metro area was $725,000 in February, up from $700,000 in January and from $649,000 one year ago, the California Association of Realtors reported.

Will real estate housing market crash or cool off in 2022? Experts give their 2 cents

During 2020 and 2021, the housing market sizzled across the nation, with annual existing-home sales hitting their highest mark since 2006. But, what can we expect in 2022?

Elon Musk officially ‘owns no home’

The Tesla boss closed on his last remaining property, a lavish historic estate in California’s Silicon Valley for $30 million, this week, according to listing records

Median price of Los Angeles County up by 9.7% in June, realtors say

On a year-over-year level, the price was 28.5% higher; in June 2020, the median price of an existing single-family property was $619,320, data showed.

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."