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California Sues City for Ban on New Special Housing

California Sues City for Ban on New Special Housing

by Phil Hall | Nov 5, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

California’s state government has filed a lawsuit against the City of Norwalk, claiming it enacted an unlawful ban on new housing that prevents the creation of emergency shelters, single-room occupancy housing, transitional housing, and supportive housing. The...

California Realtors Report More Canceled Sales Due to Insurance Challenges

by Phil Hall | Oct 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A growing number of California real estate agents are reporting the collapse of transactions because buyers are unable to obtain affordable homeowners’ insurance. A new survey by the California Association of Realtors membership found 13.4% of respondents admitting at...
California Leads Nation with Commercial Foreclosures

California Leads Nation with Commercial Foreclosures

by Phil Hall | Oct 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A total of 695 commercial foreclosures were recorded in September, with California leading the nation in this unwelcome activity. According to new data from ATTOM, last month’s commercial foreclosure figure is down from the peak of 752 recorded in May. ATTOM...
California Home Sales at Lowest Level for the Year

California Home Sales at Lowest Level for the Year

by Phil Hall | Oct 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing single-family home sales in California totaled 253,010 in September on a seasonally adjusted annualized rate, down 3.4% from 262,050 in August. According to the California Association of Realtors (CAR), this marked the lowest level of sales in nine months. On...
California’s Prime Real Estate Team Joins eXp Realty’s Network

California’s Prime Real Estate Team Joins eXp Realty’s Network

by Phil Hall | Oct 10, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, a subsidiary of eXp World Holdings Inc. (Nasdaq: EXPI), announced the addition of the Prime Real Estate Team, led by Robert and Angelica Yost, to its network. After operating for seven years with Side, the Prime Real Estate team – with 21 agents covering...
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