Existing-home sales in the U.S. dipped slightly in April, falling 0.5% from March to a seasonally adjusted annual rate of 4 million units, according to the National Association of Realtors (NAR). This marks the slowest sales pace for April since 2009 and reflects continued challenges in... more
by Biazowa 
In a historic move, California Insurance Commissioner Ricardo Lara has approved State Farm's emergency request to raise property insurance rates statewide. The new rates, effective June 1, 2025, will impact a broad range of policyholders. Homeowners can expect an average increase of 17%, renters... more
by Biazowa 
On May 7, 2025, the Federal Reserve announced its decision to maintain the federal funds rate at 4.25% to 4.5%, citing heightened economic uncertainty stemming from ongoing trade disputes. This move comes as the central bank navigates the delicate balance between curbing inflation and sustaining... more
by Biazowa 
The Department of Veterans Affairs (VA) has announced the end of the Veterans Affairs Servicing Purchase (VASP) program, a short-term initiative launched on May 31, 2024, to help struggling veterans, active-duty service members, and surviving spouses with VA-guaranteed home loans. The program aimed... more
A policy change announced last month by the U.S. Department of Housing and Urban Development (HUD) is set to take effect soon, barring non-permanent residents from qualifying for Federal Housing Administration (FHA)-insured loans starting May 25, 2025. The updated guidelines, released... more
Amazon's recent purchase of 195 acres in Hesperia, signals a transformative economic opportunity for both the city and the broader region. Known for its strategic location and robust logistics infrastructure, the Inland Empire continues to attract major industrial investments. Job Creation and... more
by Biazowa 
The Federal Housing Finance Agency (FHFA) has announced the conforming loan limits for 2025, marking an increase in borrowing power for homebuyers. These limits dictate the maximum loan amounts for mortgages acquired by Fannie Mae and Freddie Mac. Baseline Loan Limits for 2025 The baseline loan... more
In a move anticipated by markets, the Federal Reserve announced a 0.25% rate cut aimed at reducing borrowing costs, marking its second rate cut this year and the first since President-elect Donald Trump secured another term in office following the recent election. This decision comes as labor... more
by Biazowa