Over 2.3 million acres in Northern California are now classified as facing "high" or "very high" wildfire danger due to climate change. Updated state maps will enforce stricter building standards in these areas. While some regions saw increased hazard acreage, others experienced reductions. New ember-resistant zone regulations are being developed to improve fire...
Housing inventory surged in 2024, reaching its highest levels since 2019—until December’s drop. Inventory fell sharply at the year’s end, a typical seasonal trend for homeowners....
Extreme wildfires have doubled in 20 years, threatening 5.5% of U.S. homes worth $3 trillion. Evaluate Fire Risk Before You Buy Realtor.com provides Fire Factor ratings from 1 to 10, detailing a home’s 30-year wildfire risk....
As of January 2024, only two major U.S. metro areas, Detroit and Pittsburgh, offer cheaper home buying options compared to renting, indicating a shift towards a more renter-friendly market. Nationally, median rental costs have slightly decreased, while homeownership costs, including mortgage rates and maintenance, have risen significantly. This trend is expected to lead to an increase in renter...
Home prices are expected to appreciate at a slower rate, with growth potentially falling to 2-4% in 2025. Gradual increases in housing inventory will offer buyers more options, contributing to a slightly more balanced market....
The California Supreme Court recently upheld the validity of commercial lease co-tenancy provisions in the case of JJD-HOV Elk Grove, LLC v. Jo-Ann Stores, LLC. The court emphasized that contracts should be enforced as written, provided they do not violate public policy. The ruling clarified that the co-tenancy clause allowed for alternative performance, enabling the landlord to accept lower rent if...
Rent prices for apartments are increasing in major U.S. cities, with a national average rise of 2.5% for one-bedroom apartments. New Haven, Connecticut, experienced the largest increase at over 33%, followed by Lincoln and Omaha in Nebraska with rises of more than 26% and 24%. New York City remains the most expensive at over $4,280 monthly, while San Francisco and Jersey City follow. Conversely, Durham,...
California faces insurer withdrawal due to increased wildfire risks, threatening property owners' access to coverage.New rules allow predictive modeling for premiums and require insurers to cover high-risk areas....
San Diego home values are projected to rise by 3.6% by the end of 2025, driven by strong demand. The market remains competitive, with homes averaging 27 days on the market, indicating solid demand for housing in 2025....
California's Assembly Bill 2424 will dramatically change foreclosure procedures. Lenders must notify third parties like family members or housing counselors about default notices during foreclosure....
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