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California Lawmakers Introduce Mortgage Forbearance Bill for LA Wildfire Survivors

California Lawmakers Introduce Mortgage Forbearance Bill for LA Wildfire Survivors

by Phil Hall | Apr 18, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

A new bill has been introduced in the California legislature that will provide a temporary relief for homeowners impacted by the recent Los Angeles County wildfires. CBS News reports that the “Mortgage Relief for Disaster Survivors Act” would give...
Newsom Suspends Environmental Laws for Utilities in Rebuilding After LA Fires

Newsom Suspends Environmental Laws for Utilities in Rebuilding After LA Fires

by Phil Hall | Mar 31, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

California Gov. Gavin Newsom signed an executive order suspending what he dubbed as “unnecessary permitting and review requirements” by the utilities working to rebuild the areas devastated by January’s wildfires in Los Angeles County.  to accelerate the rebuild of...
Report: Post-Wildfires Home Sales Down Significantly in Altadena and Pacific Palisades

Report: Post-Wildfires Home Sales Down Significantly in Altadena and Pacific Palisades

by Phil Hall | Mar 24, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in the Pacific Palisades and Altadena communities impacted by January’s wildfires recorded double digits declines in February, according to a new report from Redfin (NASDAQ: RDFN). In Pacific Palisades (ZIP Code 90272), only 12 homes sold in February, down...
Developer and Former GOP Candidate Rick Caruso Rejects Recall Effort Against LA Mayor Bass

Developer and Former GOP Candidate Rick Caruso Rejects Recall Effort Against LA Mayor Bass

by Phil Hall | Mar 20, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Rick Caruso, the Los Angeles real estate developer who ran as the Republican candidate against Democrat Karen Bass in the 2022 mayoral election, has voiced his opposition to the ongoing recall effort to oust Bass from City Hall. The recall effort was launched last...
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 | Current News & 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...
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