On Friday, California insurance commissioner Ricardo Lara rejected State Farm’s request for “emergency” rate increases, going against the recommendation of his staff experts. The request from State Farm involved insurance rate increases that would have gone into effect on May 1, 2025. The proposed increases were 22% for single-family homeowners, 15% for 15% for condominium…
"February 2025" Archives
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A bill that has been introduced multiple times to the Illinois Legislature since 2020 is poised for a new revival as the state continues to seek ways to address its shortage of affordable housing stock, according to reporting by Northern Public Radio. The Build Illinois Homes Tax Credit Act, first introduced in 2020, would offer…
Gary Keller, Jay Papasan and Jason Abrams took to the stage at the KW Family Reunion on Tuesday to discuss the housing market and current economic trends as they do every year. But while the three Keller Williams executives did their usual forecasting for the year, they also acknowledged far more room for unpredictability in…
The oldest baby boomers are poised to turn 80 years old this year, which could bring the market of dedicated senior housing from a place of oversupply to a shortage. This is according to a report published this week by the Wall Street Journal. The projected aging of the U.S. population shows that by 2030,…