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LA Times Today: L.A.’s new million-dollar neighborhoods

LA Times Today: L.A.’s new million-dollar neighborhoods

Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.

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This news may not come as a surprise to many home buyers: Because of the overheated real estate market, more and more Southern California properties have joined the million-dollar home club.

As of July, the typical value of a single-family home in 55 cities of L.A. and Orange Counties was one-million dollars or more.

L.A. Times business reporter Andrew Khouri joined us with more on the housing market boom.

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