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State Farm Seeks 22% Emergency Interim Rate Hike in California

State Farm Seeks 22% Emergency Interim Rate Hike in California

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

With the wildfires that ravaged Los Angeles County are now completely contained, State Farm General is seeking an emergency interim rate hike averaging 22% for California homeowners based on what it called a “dire” financial situation. CNN reported the insurance...
Ground Broken for 576-Unit Multifamily Community in Sacramento

Ground Broken for 576-Unit Multifamily Community in Sacramento

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Russell Square, a licensed general contractor and real estate developer specializing in multifamily development, has partnered with Jackson Square Properties to break ground on Delta Shores, a 576-unit multifamily community in the California capital city of...
Study: Average Q4 Buyer’s Agent Commission Was 2.37%

Study: Average Q4 Buyer’s Agent Commission Was 2.37%

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, according to a data analysis from Redfin (NASDAQ: RDFN), a scant uptick from the 2.36% in the third quarter, when the new National Association of Realtors (NAR) commission rules took...
A Phil Hall Op-Ed: Will Climate Change Erase $1.5 Trillion in Home Values by 2055?

A Phil Hall Op-Ed: Will Climate Change Erase $1.5 Trillion in Home Values by 2055?

by Phil Hall | Feb 4, 2025 | A Phil Hall Op-Ed, Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: Do you recall the children’s tale of Chicken Little, where a barnyard bird who is hit on the head with an acorn that dropped from a tree limb? Chicken Little took the bonk to its noggin as evidence that the sky was falling and began to run around...
Tennessee Bill Seeks to Limit Contact by Developers Making Unsolicited Calls to Buy Homes

Tennessee Bill Seeks to Limit Contact by Developers Making Unsolicited Calls to Buy Homes

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new bill has been introduced in the Tennessee legislature that will limit contact by real estate developers making unsolicited inquiries to buy homes. WKRN.com reports the “Tennessee Homebuyer Harassment Protection Act” introduced by Sen. Charlane Oliver...
New York State Bill Seeks to Codify Disparate Impact Standards

New York State Bill Seeks to Codify Disparate Impact Standards

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A bill that would codify federal disparate impact standards ahead of a possible rollback by President Trump of those standards has been introduced in the New York State legislature. The Gothamist reports the bill would ensure the disparate impact standard could be...
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