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California could be first in the nation to create smoke-damage standards
When a home is left standing after a wildfire, survivors and insurers battle over testing and cleanup. California lawmakers passed two bills that aim to change that.
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Hot Jobs Report Slightly Increases Odds of a Fed Rate Hike This Month
Takeaway: A hot jobs report will put upward pressure on rates today as it slightly increases the odds of a rate hike at the September Fed meeting, but the real deciding factor is next week’s CPI data. Job creation bounced back in a big way in August, reinforcing a long term trend of reacceleration in…
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Coming Soon in San Juan Capistrano: A $7.5 Million Estate With a Wine Cellar, Movie Theater and Resort-Style Backyard
In this edition of Coming Soon–a series from Redfin News that explores new listings that house hunters can find early only on Redfin.com–we’re heading to Southern California to tour a $7.5 million estate with a movie theater and 900-bottle wine cellar. Located at 31931 Peppertree Bend in San Juan Capistrano, CA, this five-bedroom, five-bathroom home…
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New Listings Hit a 4-Year High, A Silver Lining for Today’s Buyers
More homes are hitting the market, giving buyers across much of the country more options and negotiating power. The problem? Buyers aren’t exactly rushing in. New listings just reached their highest level in four years, while pending home sales fell to their lowest level since February and mortgage rates spiked to their highest point…
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These NYC Suburbs Are The Nation’s Strongest Seller’s Markets
Three of the country’s six seller’s markets are New York City suburbs: Long Island, NY; Northern NJ; and Central NJ. Long Island is the strongest seller’s market in the country, with 36.2% fewer sellers than buyers, followed by Northern NJ (20.7%). Nearby Central NJ (12.9%) is the 5th-strongest seller’s market. The proximity these suburbs have…
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History Shows That Adjustable-Rate Mortgages Pay Off For Homebuyers Most of the Time
Over the past half-century, homebuyers would have saved money by choosing an ARM about 70% of the time, thanks to later opportunities to refinance into a lower 30-year fixed rate. Over the last 50-plus years, it has made financial sense for homebuyers to take out an adjustable-rate mortgage (ARM) rather than a 30-year fixed rate…
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California’s political hopefuls remain silent on state’s job losses, unemployment
California has lost jobs and its workforce. By many measures, it has some of the highest unemployment and underemployment rates in the country.
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How California can do data centers differently and win back community trust
Californians might be more accepting of data centers if Big Tech planned transparently, shared benefits with host communities and used more clean energy.
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Community colleges suddenly oppose plan to let them offer more bachelor’s degrees
Two bills sent to Newsom set new rules for determining when colleges can create bachelor’s degrees and how many they can offer.
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CalMatters journalism recognized as ‘deeply human’ and ‘innovative’ in Online Journalism Awards for video series and explanatory storytelling
The contest recognizes innovative digital storytelling amongst major media outlets, international and independent news websites, and individuals telling stories online.
