A First-Time Homebuyer's Guide to Los Angeles

You're ready to dive into the realm of homeownership -- and in Los Angeles, you're certainly not alone.With a median home price of $487,716, Los Angeles has the fifth-highest price out of the 100 largest metro areas in the U.S. And like many other parts of the country, the housing market in the City of Angels is tough for buyers, as a low inventory of houses on the market leads to multiple offers, bidding wars and escalated prices.If you're hoping to purchase a single-family detached house, the