COVERAGE INFORMATION:
California Department of Real Estate (DRE) NEWS CLIPS service coverage:
Monday through Friday (except state holidays) each week includes electronic format articles retrieved from newspapers or news services that report real estate related news in California and some national services. Coverage is for California newspapers that are available electronically via the Internet - and any significant related breaking news.
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Copyright © , California Department of Real Estate
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Friday, 01/31/2025
Top Stories
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
JEFF COLLINS, The Orange County Register (Subscription)
Expected claims payments to Los Angeles County wildfire victims appear to have exceeded $900 million for the state’s insurer of the last resort, allowing it to tap into “reinsurance” payments from back-up providers. In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks.
A world away from the Palisades and Altadena, landlords try to sell fire victims on living downtown
ROGER VINCENT, Los Angeles Times (Subscription)
With thousands of houses and apartments lost to wildfires in an already tight housing market, landlords in downtown Los Angeles are trying to woo displaced fire victims to a more urban setting far from the burn zones.
National News
Trump says tariffs on Canada and Mexico coming Saturday
BLOOMBERG, The Orange County Register (Subscription)
President Donald Trump said he would follow through on his threat to impose 25% tariffs on imports from Canada and Mexico on Feb. 1, citing the flow of fentanyl and large trade deficits as among the reasons for his decision. “We’ll be announcing the tariffs on Canada and Mexico for a number of reasons,” Trump told reporters Thursday in the Oval Office as he signed executive actions in response to a deadly airplane collision.
Cue the sad trombone as pending sales reverse course
AMIE FISHER, Real Estate News (Subscription)
After four months of upward momentum, pending home sales fell in December, closing out the year on a disappointing note. Mortgage rates, meanwhile, held steady.
How Climate Risks Could Affect Property Taxes in Florida, California, and Elsewhere
YAEL BIZOUATI-KENNEDY, SF Gate
The repercussions of climate disasters for homeowners can be catastrophic. For starters, insurance premiums often rise “in areas with the highest risk of natural disasters such as hurricanes or wildfires,” according to the National Bureau of Economic Research. Furthermore, natural disasters can also affect property taxes, which can be shocking to homeowners, especially as they head into tax season.
California News
Real Estate CEO says California battling unprecedented ‘triple threat’
TILLY ARMSTRONG, Daily Mail
A top real estate CEO has warned that California is battling a 'triple threat' which has never been seen before. The state is facing soaring house prices, elevated interest rates and rising insurance costs as it looks toward rebuilding following the devastating Los Angeles wildfires , Redfin chief executive Glenn Kelman said.
Oakland and SF city officials push workers to return to the office
TRD STAFF, The Real Deal (Subscription)
Remote work has caused a lack of foot traffic, hurting downtown businesses.
Industry News
Consumer Financial Protection Bureau faces new threat
STEPHANIE REID-SIMONS, Real Estate News (Subscription)
Republican Senator Ted Cruz has been looking to dismantle or diminish the Consumer Financial Protection Bureau for years without success. But now, with the Trump administration moving quickly to reshape the federal government, Cruz is embracing a bold new approach.
Real Estate Technology
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Property News
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In Case You Missed It
New commission suit against Side, other filed – and all but settled
JIM DALRYMPLE II, Inman (Subscription)
Side and other brokerages, along with a pair of MLSs, will collectively pay $10,570,000 to settle the new antitrust case if proposed terms — offered on the same day as the suit was filed — are greenlit.
Trump signs water order in California, seeks to add conditions
LILLIAN DICKERSON, Inman (Subscription)
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.
Resources, Webinars, and Other Items of Interest
How to launch and finance a home rebuild after LA County wildfires
JEFF LAZERSON, The Orange County Register (Subscription)
Homeowners will need a heap of intestinal fortitude should they decide to rebuild a home burned to ash by the Los Angeles County wildfires. There is so much to think about. There is so much work in front of them. Here’s a look at what typically comes first. After the soot is cleared, one of the first things homeowners need to think about and to do is hire an architect.
