Property News

Sales of both new and existing houses and condominiums in Southern California dropped 11.8 percent year-over-year, as prices shot up to a record high, according to CoreLogic.

The U.S. president bought the land on Scotland's east coast in 2006.

U.S. home sales fell for a third straight month in June but a shortage of supply pushed up house prices to a record high, sidelining some potential buyers. Lawrence Yun from National Association of Realtors weighs in.