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California Gives Provisional Approval for State Farm’s 22% Rate Hike

California Gives Provisional Approval for State Farm’s 22% Rate Hike

by Phil Hall | Mar 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Insurance Commissioner Ricardo Lara has provisionally approved a request by State Farm for a 22% emergency interim rate increase in homeowners insurance following the vast devastation created by the Los Angeles County wildfires. In a statement, Lara...
Nebraska Contractor Indicted for Defrauding Customers

Nebraska Contractor Indicted for Defrauding Customers

by Phil Hall | Mar 14, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A federal grand jury in Kansas City, Kansas, returned an indictment that charges a Nebraska contractor with defrauding customers for failing to construct buildings after being paid. Bobby Bates Sr. of Grand Island, Nebraska, is the owner of Built Rite Construction....
Seattle’s Mayor Seeks $45 Million Property Tax Hike to Fund Political Campaigns

Seattle’s Mayor Seeks $45 Million Property Tax Hike to Fund Political Campaigns

by Phil Hall | Mar 14, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Seattle Mayor Bruce Harrell is proposing a $45 million property tax hike to renew a program that provides public funding to political campaigns. MyNorthwest.com reports the proposed tax would be levied over 10 years for the funding of the Democracy Voucher Program,...
Manhattan’s Median Apartment Rent at $4,500 in February

Manhattan’s Median Apartment Rent at $4,500 in February

by Phil Hall | Mar 14, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median apartment rent in Manhattan soared to $4,500 last month, according to data from the Douglas Elliman brokerage. The median rental price for Manhattan was up 6.4% year-over-year, marking a new monthly record in February. Bisnow.com reports last month’s figure...
NAMB Seeks Nominees for 2025-2026 Officers and Directors

NAMB Seeks Nominees for 2025-2026 Officers and Directors

by Phil Hall | Mar 14, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Mortgage Brokers (NAMB) is seeking nominees to serve as organization officers and members of the board of directors for the 2025-2026 term. NAMB is looking for members to fill the one-year terms for president-elect, vice president,...
HomeServices of America CEO Refutes Reports of Acquisition Talks with Compass

HomeServices of America CEO Refutes Reports of Acquisition Talks with Compass

by Phil Hall | Mar 14, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The chief executive of HomeServices of America, a division of Warren Buffett’s Berkshire Hathaway (NYSE: BRK), is denying a report that his company was in discussions to become acquired by Compass (NYSE: COMP). HomeServices President and CEO Gino Blefari sent a...
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