Powering Insights with Realty Data

12/12/2024

According to a recent report from ATTOM, a leading provider of property data and analytics, 13 housing markets in California, primarily inland, are facing a higher risk of decline compared to other parts of the nation. These markets are experiencing a confluence of challenges, including affordability issues, underwater mortgages, and higher-than-average unemployment rates. Let's delve into the details to understand this concerning trend.

12/11/2024

Newsom recently bought a $9.1 million mansion in Marin County, just across the Golden Gate Bridge from San Francisco. The luxurious six-bedroom property features floor-to-ceiling windows, a swimming pool and a spa. Reports reveal that Newsom acquired the home through MHBD Farms, LLC, an entity formed just two days before the transaction.

12/11/2024

The Santa Barbara police car blocked access to the bridge, lights flashing as the thundering, swollen brown river rampaged below. The water was running so high in this Southern California county that it gushed through the railings of the bridge, and poured out onto the road. This region is familiar with water scarcity – usually battling extreme heatwaves, wildfires, and drought. Now, Southern California is confronting an overabundance of water, in the form of torrential rain and life-threatening floods. Earlier this week, around half a year's worth of rain was predicted to fall in Los Angeles and the surrounding areas in just one day. The city recorded its rainiest day ever on Monday, and it wasn't better news for the rest of California either. A state of emergency was declared and evacuation orders were issued. Mudslides hit neighbourhoods, drivers were stranded, and half a million residents lost power. About 37 million residents, or 94% of the state's population, are under flood alerts.

12/09/2024

The housing market is vulnerable to decline in parts of the country with analysis suggesting that prices are more at risk of falling in three specific areas. Real estate experts at ATTOM, a property data firm, suggested that California, New Jersey and Illinois are home to the counties with the most at-risk housing markets.

12/09/2024

With about 173 Californians moving to Arizona every day, the state is quickly becoming one of the West’s hottest relocation hubs. In the last decade, over 630,000 Californians—roughly the size of Tucson’s population— have made Arizona their new home. So, with this California exodus in full effect, where are these Californians settling, and what’s drawing them in?

12/09/2024

As the Little Hoover Commission recently reminded us, California’s home insurance is in crisis, as many insurers have decided to reduce their exposure to the state or exit from it entirely. The crisis does not only impact homeowners but also apartment building owners and HOAs whose bylaws require the purchase of policies to cover their communities.

12/08/2024

California homeowners with ASI Select insurance policies could see their premiums jump by 30% when their policies come up for renewal in 2025. On Nov. 26, the California Department of Insurance (CDI) approved ASI’s request for the double-digit rate increase that will affect more than 36,000 homeowners in the Golden State.

12/07/2024

Car insurance is more expensive in California than nearly anywhere else in the U.S.: Premiums for full coverage averaged $2,835 a year in December 2024, according to Bankrate analysis of Quadrant Information Services data, compared to a national average of $2,485. In some areas, it’s much higher: Rates in Los Angeles, for example, averaged $3,885 a year. But it’s still possible to find reasonable and reliable coverage in the state. CNBC Select has picked best car insurance in California in a variety of categories, including affordability and customer satisfaction. (Read our methodology for more on how we made our selections.

12/06/2024

According to ATTOM’s newly released Q3 2024 Housing Market Impact Risk Report, California, New Jersey, and Illinois once again feature a high concentration of the most at-risk markets, with several areas in Florida also falling into this category. Meanwhile, the least-vulnerable markets remain predominantly clustered in the South. The report highlights county-level housing markets across the United States that are more or less susceptible to declines in the third quarter of 2024.

12/06/2024

North Bay property owners may be rethinking their insurance coverage following the 7.0 earthquake off the coast of Humboldt County on Thursday morning.