Real Estate News 01/15/2025

Today’s News Synopsis:

In The News:

Governor of California – “Governor Newsom proposes billions in new funding for L.A. firestorm response and recovery” (01-13-25)

“The funding will support recovery and cleanup, additional wildfire preparedness, and reopening schools shuttered by the fires.”

Redfin News – “Los Angeles Wildfires: Redfin’s Latest Local Housing Market and Rental Data“ (01-15-2025)

“Outlined is the Los Angeles housing statistics reflecting the period leading up to the devastating wildfires. We’ll be updating this page with new data and insights as they become available and as the situation evolves.”

Yahoo Finance –  “The optimism over US banks is about to be put to the test“(01-15-25)

“More house hunters are hitting the pavement as the new year starts, but pending home sales are down as daily average mortgage rates hit a seven-month high. ”

KQUED –  “New Laws California Renters and Landlords Need to Know in 2025″ (01-14-25)

“Sixty new housing laws will go into effect in California this year, including several that apply to renters and landlords, placing new rules on evictions, security deposits and “junk fees.””

CBS News –  “Los Angeles fire victims get protections from predatory real estate investors under new order from Gov. Gavin Newsom” (01-14-2025)

“California Gov. Gavin Newsom issued an executive order Tuesday safeguarding victims of the Los Angeles-area fires from predatory real estate investors. ”