Study suggests banks are avoiding mortgages in California wildfire zones
The study is awaiting peer review, but it suggests fintech lenders could be taking market share from traditional lenders in riskier areas.
Los Angeles
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Los Angeles County event will assist reverse mortgage borrowers with wildfire recovery
Impacted reverse mortgage borrowers in Los Angeles County can find assistance and resources at the event in Altadena.
Los Angeles suspends new Section 8 applications, approvals amid federal uncertainty
The organization explained that it made the move because it does not expect Congress to appropriate enough federal funding to continue support for the program this year.
Trump’s special envoy says California wildfire aid will come with conditions
Richard Grenell, the special envoy to President Donald Trump, said there will be strings attached to California wildfire aid, Politico reported on Friday.
California insurance commissioner rejects State Farm’s request for 22% rate increase
On Friday, California insurance commissioner Ricardo Lara rejected State Farm’s request for “emergency” rate increases, going against the recommendation of his staff experts.
John Burns: The ‘California exodus’ storyline is coming to an end
Despite rising home prices and stiff competition, a new report from John Burns Research & Consulting (JBREC) says it’s time to close the curtain on the “California exodus” narrative.
U.S. home-price growth softens, but the LA wildfires hinder a broader market recovery
Last year saw the softest home-price growth in more than 10 years, according to an analysis by ICE Mortgage Technology. Despite that and other positives, the LA wildfires are still making an impact on the housing market at the local and national levels.
Here’s another estimate of the financial losses from the LA wildfires
Real estate technology company Homes.com analyzed the Pacific Palisades and Altadena neighborhoods in order to quantify the number of homes destroyed and measure the financial repercussions of the wildfires.
Treasury outlines rising cost of homeowners insurance
Homeowners in areas with the highest risk of perils paid 82% more for homeowners insurance than those in ZIP codes with the lowest risks.
All the ways the wildfires could make LA housing more expensive
Residents looking to rebuild or find new housing will face numerous headwinds that could drive up housing costs in LA.