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California Records Mild Improvement in Housing Affordability

California Records Mild Improvement in Housing Affordability

by Phil Hall | May 10, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from the California Association of Realtors (CAR) found that 17% of the state’s homebuyers could afford to purchase a median-priced, existing single-family home during the first quarter of this year. This up from 15% in the fourth quarter of 2023....
Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

Report: Sony’s Acquisition of Paramount Would Include Sale of Hollywood Studios

by Phil Hall | May 10, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

One of Hollywood’s most iconic entertainment industry properties could soon be listed for sale if a major corporate acquisition is secured. Bloomberg reported the historic 65-acre Paramount Pictures studios facility would be sold if Sony Group Corp. (NYSE:SONY) and...
Report: Bay Area Affordable Housing Development Falling Short of Target

Report: Bay Area Affordable Housing Development Falling Short of Target

by Phil Hall | May 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is good news and not-so-good news regarding the state of affordable housing in California’s Bay Area. First, the good news: data from the newly published Bay Area Affordable Housing Pipeline 2024 Report detailed that 433 projects are now in various stages of...
Jeffrey Jackson, President of the Orange County Association of Realtors, Dies at 65

Jeffrey Jackson, President of the Orange County Association of Realtors, Dies at 65

by Phil Hall | May 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Jeffrey Jackson, president of California’s Orange County Association of Realtors, passed away on May 1 at the age of 65 following a bout with cancer. Jackson was a senior risk manager at Realty One Group who was elected last July to a one-year term as the...
Travelers to Raise California Homeowner Insurance Rates by 15%

Travelers to Raise California Homeowner Insurance Rates by 15%

by Phil Hall | May 8, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California homeowners who rely on Travelers Insurance will be paying a lot more money for their residential insurance needs. According to a San Jose Mercury-News report, Travelers will be raising rates at an average of 15.3%, with some of the company’s 320,320...
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