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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...
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...
California Attorney General Charges Second Real Estate Agent with Price Gouging Wildfires Victims

California Attorney General Charges Second Real Estate Agent with Price Gouging Wildfires Victims

by Phil Hall | Jan 28, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

For the second time within a week, California Attorney General Rob Bonta has filed charges against a real estate agent involving alleged price gouge of a family evacuated from to the Los Angeles Eaton Fire. According to a statement from Bonta’s office, the defendant...
California Home Sales Up Nearly 20% Year-Over-Year

California Home Sales Up Nearly 20% Year-Over-Year

by Phil Hall | Jan 20, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California closed 2024 with the largest year-over-year spike in home sales since June 2021, according to data released by the California Association of Realtors (CAR). Last month, California recorded a seasonally adjusted annualized rate of 268,180 closed escrow sales...
Newsom Signs Order to Stop Predatory Land Speculation in Fire-Damaged Areas

Newsom Signs Order to Stop Predatory Land Speculation in Fire-Damaged Areas

by Phil Hall | Jan 15, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom issued an executive order to protect Los Angeles County victims of the ongoing wildfires from predatory land speculators offering unsolicited cash offers to purchase their property. In a statement from the governor’s office, the executive...
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