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Real Estate Agent Starts Effort to Recall LA Mayor Bass

Real Estate Agent Starts Effort to Recall LA Mayor Bass

by Phil Hall | Mar 4, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

A Los Angeles real estate agent is leading a recall effort to force Los Angeles Mayor Karen Bass out of office. The Real Deal reports Sahil Nandwani, an agent for JohnHart Real Estate, has launched a fundraising committee to fund the recall campaign, citing...
Newsom Asks Congress for $40 Billion for Wildfire Recovery Aid

Newsom Asks Congress for $40 Billion for Wildfire Recovery Aid

by Phil Hall | Feb 24, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Gov. Gavin Newsom has asked Congress for $39.7 billion to help the Los Angeles County area recover from January’s wildfire destruction. “Los Angeles is one of the most economically productive places on the globe, but it can only rebound and flourish with support from...
New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors

New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Steadfast LA, the new nonprofit organization founded by developer and former mayoral candidate Rick Caruso to help in the recovery efforts across fire-ravaged Los Angeles County, is partnering with the prefab-home construction company Samara to provide new houses for...
California Home Sales Slumped in January

California Home Sales Slumped in January

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 254,110 in January, the lowest level in 13 months. According to data from the California Association of Realtors (CAR), last month’s total was...
Newsom Backs Bill Providing Homeowners with Interest Earned on Insurance Payouts

Newsom Backs Bill Providing Homeowners with Interest Earned on Insurance Payouts

by Phil Hall | Feb 10, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Gov. Gavin Newsom announced his support for new legislation designed to ensure that homeowners lenders benefit from the interest earned on insurance payouts, particularly those impacted by the recent Los Angeles County destructive wildfires. California law...
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