News & Updates

The cost of living in the U.S. is rising, with home prices increasing by 48.55% over the past decade, now averaging $257,000. Experts predict that by 2030, the average home value could reach around $382,000. States like California, Hawaii, and Washington are expected to see significant appreciation, with California's average home value potentially exceeding $1 million. Other states like Idaho and Arizona are emerging as affordable alternatives. Policymakers may need… Read More »Most Expensive Housing Markets Of 2030 Revealed — One Tops $1 Million

BWE secured $75,400,000 in financing for seven multifamily properties totaling 582 units across Contra Costa, Santa Clara, and Los Angeles counties. The loans, originated from life company lenders, are permanent, fixed-rate, non-recourse, with terms ranging from five to 10 years. The properties, averaging 95% occupancy, include various apartment types in locations such as Martinez, Pleasant Hills, Canoga Park, Reseda, Hollywood, Santa Clara, and Covina. Continue to full article

More than half a million Californians will face home insurance rate increases for the second time this year. The Auto Club of Southern California has been approved to raise rates by an average of 6.2% for homeowners and 11.6% for condo owners, effective at their first renewal in 2025. Earlier in March, rates increased by 16.2% for homeowners and 55% for condo owners. The insurer has non-renewed over 9,200 customers… Read More »Half a million California homeowners to see second insurance rate hike in a year

California Senate Bill No. 1103, approved on September 30, 2024, extends rights to "qualified commercial tenants" like microenterprises, small restaurants, and nonprofits. Effective January 1, 2025, landlords must meet conditions before charging fees for building operating costs and provide documentation. They must give 30 or 90 days' notice for rent increases and 30 or 60 days' notice for terminations, depending on tenancy duration. Leases negotiated in certain languages must also… Read More »California Expands Residential Tenant Protections to Certain Small Commercial Tenants

Home prices are nearing all-time highs and continue to rise, creating challenges for many households in affording their mortgage payments. Continue to full article