Real Estate News on Business Daily

State Farm has expressed deep concern for those affected by the recent severe weather events, including tornadoes in multiple states and hail storms in Texas. A spokesperson for State Farm stated, "Our hearts go out to the communities and families of all those who have been tragically affected by the recent severe weather." The company's primary focus is on ensuring the safety and well-being of all individuals in the impacted areas.In response to the natural disasters, State Farm has mobilized its catastrophe claim response team members to assist customers. They have also...

State Farm has introduced an innovative program aimed at assisting drivers involved in collisions, further emphasizing their commitment to enhancing driver safety. The new Accident Assistance feature, integrated into the Drive Safe & Save platform, aims to provide crucial guidance and support to individuals during the challenging moments following an accident.According to State Farm, the Accident Assistance feature is designed to help drivers navigate the immediate aftermath of a collision by offering guidance on essential steps such as ensuring safety, contacting...

State Farm's Ting fire safety program is expanding to offer more than 2 million smart sensors for free to eligible customers. This initiative is part of State Farm's commitment to promoting safer homes and communities by preventing electrical fires.Chris Schell, Executive Vice President & Chief Operating Officer of State Farm, emphasized the company's dedication to customer safety, stating, "Putting customers first and being a good neighbor is at the heart of the State Farm mission. Ting is part of our ongoing commitment to prevent losses and protect more people in more...

Students from Thomas Metcalf School recently put their science skills to the test at the State Farm® Technology Research and Innovation Laboratory in Bloomington, IL. They faced the challenge of determining whether their student-built roofs could withstand the State Farm Hail Simulator, a machine designed to replicate the impact of hail. Doug Dewey, Senior Research Analyst at State Farm, expressed his gratitude for working with the students and commended their passion for physics and science.Laurel Straub, Assistant Vice President of Enterprise Research at State Farm,...

Bloomington, IL, March 20, 2024 — State Farm General Insurance Company, in an effort to ensure its long-term sustainability in California, has announced some significant changes that will affect a portion of its policyholders in the state.The company revealed that approximately 30,000 homeowners, rental dwelling, and other property insurance policies will not be renewed. Additionally, around 42,000 commercial apartment policies will also not be renewed. It is important to note that renters insurance will not be impacted by these decisions.These actions, specific to...

A new year and winter season bring with them a reminder about the importance of winter weather awareness, particularly when it comes to frozen pipes and ice dams. These two phenomena can cause significant water and structural damage, leading to costly repairs and insurance claims.According to State Farm, from August 2022 to August 2023, they paid out over $806 million for more than 32,000 claims related to frozen pipe and water damage. The average claim amounted to $25,000. Comparing this to the previous year, from 2021 to 2022, State Farm paid $181 million for...

Wells Fargo announced the winners of the 2023 Housing Affordability Breakthrough Challenge, a $20 million competition initiated by the Wells Fargo Foundation and Enterprise Community Partners (Enterprise). Six organizations secured grants ranging from $2 million to $3 million each, along with support from peers and industry experts, to amplify their innovative housing solutions and enhance home accessibility and affordability nationwide.

About a year after the Inflation Reduction Act was signed into law, Americans continue to feel the inflation pinch, as overall annual inflation rose to 3.2 percent in July. But the inflation rate for lower-income Americans is up much more, driven by rising housing costs.

Michael Rose, Principal Partner and Founder of LFI Real Estate, a full service real estate development company, located in Mokena, IL said LFI Real Estate kicked off the opening of their new office last week on Jun 28. The kick-off event was held at the new office space in Chicago, IL

LFI Real Estate, a family-owned and -operated company of Illinois, and a partner, MMC360, a cleaning services company with specialty in healthcare real estate and professional management, have been named a 2023 Top 10 Healthcare Property Management Services Provider by the Healthcare Business Review.

Compared to some cities, Raleigh, North Carolina, is holding its own when it comes to home sales.

LPC Desert West, a division of Lincoln Property Co., has announced that it will develop a million-square-foot, Class A industrial warehouse and distribution site in the Tucson area.

As developers struggle to keep pace with Arizona housing demand, advocates seek solutions.

North Carolina's rental prices are rising faster than the national average.

A luxury housing facility has broken ground in Chandler, and the 420-unit residential apartment community will be known as Town Chandler.

A Denver-based property management and real estate development firm's recent ground-breaking for a luxury residential community in Raleigh is building on the company's growth in the city.

With many companies making the move to Henderson, Nev., the city offers a rich environment for residential living as well.