The January 7, 2025, Palisades and Eaton wildfires inflicted catastrophic damage on Los Angeles, destroying more than 13,500 properties and triggering an estimated $40 billion in insured losses, according to property data firm Cotality.
Nearly one in five U.S. homebuyers would sacrifice personal safety to purchase a home they can afford, underscoring the severity of the nation's affordability crisis, according to a new Redfin survey.
In the second quarter of 2025, home price growth cooled across U.S. metro areas, reflecting shifting market dynamics amid persistent affordability challenges and rising mortgage costs.
According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the U.S. 30-year fixed-rate mortgage (FRM) averaged 6.63% as of August 7, 2025.