State Farm seeks double-digit rate hike in California in wake of LA fires

The insurer asked the California Department of Insurance to raise rates by an average of 22 percent “to help avert a dire situation” as the company pays thousands of claims related to the fires. Continue reading

After a strong year, luxury is poised for strategic shifts in 2025

In 2024, Manhattan was the top destination for buyers of properties priced at $10 million and up, according to a report from Compass. Reports from Sotheby’s and Christie’s Real Estate show big shifts across borders, generations and more in the year ahead. Continue reading

2nd LA real estate agent charged with price gouging

Lar Sevan Chouljian of Team Rock Properties in Glendale allegedly offered a family who evacuated the Eaton Fire a rental whose asking price exceeded its original price by more than 50 percent. Chouljian has denied the accusation. Continue reading

2nd LA real estate agent charged with price gouging

Lar Sevan Chouljian of Team Rock Properties in Glendale allegedly offered a family who evacuated the Eaton Fire a rental whose asking price exceeded its original price by more than 50 percent. Chouljian has denied the accusation. Continue reading

Trump signs water order in California, seeks to add conditions

The president signed an executive order instructing the U.S. Bureau of Reclamation to direct more water through the Central Valley Project and potentially withhold federal aid if the state didn’t comply. Continue reading

Most wildfire victims won’t return to Palisades, Josh Altman says

Former “Million Dollar Listing” real estate agent Josh Altman predicts that nearly 70 percent of Pacific Palisades residents won’t return to rebuild following the devastating Los Angeles wildfires. Continue reading

Spencer Pratt and Heidi Montag sue LA over fires, water shortage

The reality TV stars along with 21 others are suing the city for its failure “to properly construct, inspect, maintain and operate its water supply system,” which, they allege, led to the loss of their home in the Palisades fire. Continue reading

LA agent charged with rental price gouging as fires continue

Mike Kobeissi, president and broker of Kobeissi Properties, told Inman that the state’s district attorneys had got their facts bungled and that the property in question had been rented out to the couple at a reduced rate once it became known they were … Continue reading

Vacant 2nd homes could be a lifeline to Los Angeles evacuees

Agents have drawn on all their resources to play “matchmaker” to place people who don’t need to use secondary properties with those who need housing in the area. Results are mixed, but it’s working for some. Continue reading

Helpful resources and a call to action for California wildfire victims

Real estate professionals aren’t just in the business of helping people buy and sell houses; they are the guardians of the very idea of home, coach Darryl Davis writes. Continue reading