Industry News

The state’s insurance regulator says the volume of complaints against the company following this year’s catastrophic wildfires in Los Angeles prompted the inquiry.Ricardo Lara, California’s Insurance Commissioner, announced a formal investigation into State Farm on Thursday, as complaints continue to mount about the insurer’s handling of claims from the catastrophic wildfires in Los Angeles. The

By MATT OTT, AP Business NewsWASHINGTON (AP) — The average rate on a 30-year U.S. mortgage fell modestly for the second straight week, but home borrowing costs remain elevated. The long-term rate inched back to 6.84% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Mortgage rates

After living in 15 cities across the United States, Britain and Africa, Katie Fahrland plotted a course to a life in Canada. She didn’t expect that it would lead through Colorado and Florida.Ms. Fahrland, who grew up in Connecticut and graduated from McGill University in Montreal, worked in software sales before a career pivot to

The Museum of Ice Cream in SoHo wants to expand its hours and liquor operations, but nearby residents say the exhibition space already detracts from their quality of life.The Museum of Ice Cream is a sugarcoated daydream — or nightmare, depending on your tastes. The location in SoHo opened in 2019, spawning out of a

This week’s properties are in Turtle Bay, Lenox Hill and Tompkinsville.Courtesy of REPNCourtesy of REPNCourtesy of REPNCourtesy of REPNCourtesy of REPNCourtesy of REPNCourtesy of REPNManhattan | 235 East 49th Street, No. 1HTurtle Bay Co-op Studio$575,000A roughly 420-square-foot studio with a Murphy bed, a lofted sleeping area, a windowed bathroom with a double vanity, a kitchen

This week’s properties are a five-bedroom house in Ardsley, N.Y., and a four-bedroom in Upper Saddle River, N.J.Digital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesDigital HomesWestchester | 12 Rockridge Road, Ardsley, N.Y.Woodsy Contemporary$1.67 millionThis five-bedroom, three-and-a-half-bath, 4,909-square foot house from 1996 has formal living and dining rooms, an

Not as long as their children must. Getting to 20 percent down is a lot harder these days.With each new generation of home buyers, housing prices rise — and so does the time it takes to save enough money.Between 1970 and 1985, a typical American family could save 10 percent of their income for about