Real Estate News 02/28/2025

Today’s News Synopsis:

In The News:

South Coast TODAY – “Will the IRS layoffs affect my tax return? Here’s how to check your refund status“ (02-28-25)

“Thousands of IRS employees are on the chopping block in the latest round of federal government employees being let go. And at the height of tax season.“

Propmodo.com – “Will Federal Budget Cuts Threaten Section 8 Housing Vouchers?” (02-28-2025)

“The Trump administration, with the help of the newly created Department of Government Efficiency (DOGE), is slashing its way through Federal spending. One of the line items that is now on the chopping block is the Section 8 housing vouchers that are given to about 9 million renters every year. ”

SFGate –  “Insurance Rates Will Increase for Some Homeowners After 2 California Carriers Are Given Go-Ahead“(02-24-25)

“California regulators have cleared the way for two major insurance companies to raise their rates, affecting 666,000 customers in the state still reeling from the recent wildfires, with both insurers blaming skyrocketing construction costs.”

HousingWire – “The AI search revolution: Rethinking real estate content strategy in the era of the AI overview” (02-26-25)

“The introduction of artificial intelligence overviews is changing how users consume information online. Traditional top-of-funnel searches — like “how-to” topics and basic informational queries — now stem from AI-generated overviews on search result pages. And, AI overviews don’t just aggregate information randomly.”

CBS News – “Mortgage rates stay under 7%. Should you buy a home now?” (02-25-25)

“The spring homebuying season is almost here. Winter’s gloom giving way to sunny spring days means better weather for open houses and exploring the neighborhood where you want to buy. Blooming flowers boost curb appeal and families looking to move after the school year ends are ready to buy a home and relocate. All these factors lead to a bustling homebuying season. ”