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State Farm has requested a 38% rate increase for its California Rental Dwelling Program, affecting over 260,000 renters insurance customers. The insurer plans to non-renew more than 600 policies in high-risk fire areas, citing significant losses from natural disasters. Average post-increase rates will vary, with the lowest at $91 in Modoc County and the highest at $3,509 in Malibu. State Farm is also seeking rate increases for homeowners and condo… Read More »State Farm Seeks 38% Rate Hike for California Renters Insurance

The Summer 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey indicates optimism for multifamily housing growth due to increased home prices, rental rates, and new laws easing developer regulations. Despite fewer new multifamily projects, the outlook is better than Winter 2024. Challenges in new construction persist, but state laws like AB 1287 may incentivize moderate-income housing. Investment is shifting towards alternative housing types, with prime development areas identified… Read More »The Forecast is Heating Up for Multifamily Housing Markets

En julio, las ventas de viviendas unifamiliares existentes en California alcanzaron 279,810, un aumento del 3.6% respecto a junio y un incremento del 4.1% en comparación con julio de 2023. El precio medio de la vivienda fue de $886,560, una disminución del 1.6% respecto a junio, pero un aumento del 6.5% interanual. El impulso de las ventas mejoró debido a tasas de interés más bajas, con todas las principales regiones,… Read More »Las ventas de viviendas en California alcanzan un máximo de cinco meses en julio de 2024 mientras las tasas hipotecarias caen

El mercado de vivienda de California se recuperó en julio, con las ventas de viviendas alcanzando un máximo de cinco meses, impulsadas por la disminución de las tasas hipotecarias. Las ventas de casas unifamiliares existentes aumentaron un 3.6% desde junio y un 4.1% interanual, totalizando 279,810. El precio medio de la vivienda en el estado cayó ligeramente a $886,560, pero sigue siendo un 6.5% más alto que en julio de… Read More »El mercado de vivienda de California se recupera en medio de la caída de las tasas hipotecarias

Home sales in the Los Angeles metro area rebounded in July, reaching a five-month high, driven by the lowest interest rates since spring. Sales increased by 3.6% from June and were up 4.1% year-over-year. However, the median price of single-family homes dipped 1.6% to $886,560, despite a 6.5% increase compared to July 2023. The Los Angeles metro area's median price rose to $849,000, while Orange County's median decreased by 4.1%… Read More »Home Sales Rebound As Prices Slip Across LA County