Insurance exodus left many properties unprotected from the LA fires

Last month’s wildfires in Southern California had a devastating impact as 29 people were killed and about 16,000 homes were destroyed. Leading up to the disasters, the state’s largest private home insurer dropped policies in high-risk areas, leaving them financially unprotected after they burned to
Read MoreHUD secretary Turner holds town hall, says there are ‘two genders’

Freshly confirmed and sworn in, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner held his first town hall with department staff as the Trump administration’s housing leader.He used the brief proceeding to thank the department’s staff, to praise his Trump-era predecessor
Read MoreRealtor.com moves headquarters to Austin

Realtor.com is the latest company to leave sunny California for the Texas hill country.The company announced this week that it’s relocating from Santa Clara to Austin with the goal of making Austin its primary pipeline for hiring talent, with more investments in that coming.Realtor.com says that the
Read MoreNewrez parent Rithm Capital posts 57% profit growth in 2024

Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier.In its fourth-quarter and full-year 2024 earnings report released Thursday, New
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