Isabel Mark, Referral Agent at Nugget Realty

01/17/2025

01/17/2025

01/16/2025

$135 billion to $150 billion is the estimated total economic loss to Southern California from the wildfires, according to AccuWeather late Thursday.

“These fast-moving, wind-driven infernos have created one of the costliest wildfire disasters in modern U.S. history,” stated AccuWeather Chief Meteorologist Jonathan Porter.

J.P. Morgan analysts have projected that fire-related insured losses could climb as high as $20 billion, up from their initial estimate of $13 billion. In the Palisades community alone, where the median list price was $4.72 million as of December 2024, according to data from Realtor.com, there were $6 billion in potential claims.

Insurance Commissioner Ricardo Lara on Thursday issued a mandatory moratorium that prohibits insurance companies from pulling the plug on coverage in the Pacific Palisades neighborhood and the area outside Pasadena affected by the Eaton fire through Jan. 7, 2026.

“Losing your insurance should be the last thing on someone’s mind after surviving a devastating fire,” Lara said in a statement. “This law gives millions of Californians breathing room and hits the pause button on insurance non-renewals while people recover.”

We’ve pledged $50,000 to the Realtors Relief Foundation. Join us today. Donations go directly to impacted LA residents. realtor.com/rrfcafires

Entire story: https://rltor.cm/wbezdd

01/24/2024

01/01/2024

12/30/2023

12/27/2023

12/27/2023

Throwback to this housing ad from the 1950s 🧐

12/25/2023