California’s Housing Market Hindered by Lack of Affordable Insurance 

Published on October 29, 2024

The high cost and low availability of homeowners insurance are hobbling California’s housing market this year, with nearly twice as many real estate agents losing deals compared with last year, according to the California Association of Realtors. In 2023, about 7 percent of realtors saw a deal fall through because of insurance problems. This year, approximately 13 percent of association members reported similar experiences. “The insurance challenges are increasing,” Jordan Levine, senior vice president and chief economist for the realtors’ association, told The Epoch Times Oct. 28. About 31 percent of realtors said buyers were having trouble finding insurance, he said. And home prices, mortgage rates, and insurance premiums are all higher than in recent years, according to the association....

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AI Boom Puts Pressure on America’s Water Supply, JPMorgan Warns

October 29, 2024
The rapid expansion of artificial intelligence (AI) in the United States is adding significant strain to the nation’s already stressed water supply, according to a new report by JPMorgan Chase and consultancy ERM, which calls for urgent action to better manage this vital resource.The report, published on Oct. 28, notes that the surge in AI-driven technologies, including data centers and semiconduc

Cooler Weather Expected in Southern California: NWS

October 29, 2024
This weekend could bring the season’s first significant rains to portions of the southern California coast.“There is potential for the first decent rainfall in portions of the coast and mountains and valley,” Dr. Robbie Munroe, a meteorologist for the National Weather Service Los Angeles office, told The Epoch Times.“It’s pretty uncertain what it might bring to the table,” Munroe said. “There coul