The California Avocado Commission's 2025 consumer media plan, which launched on April 1, 2025, features a strategic mix of advertising across television, digital, streaming, audio and out-of-home platfo...
Posts from May 2025
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May
27
27
Interest Rates 5/27/2025
Current mortgage rates are variable and depend on factors like loan type and individual creditworthiness. However, as of today, May 27, 2025, here's a general overview:
May
27
27
House narrowly passes tax-focused reconciliation package
The U.S. House of Representatives has passed its reconciliation package—including a wide-ranging tax reform plan—by a razor-thin margin of 215–214.
Included in the bill is a notable improvement to the State and Local Tax (SALT) deduction cap, raising it to $40,000 for individuals and married couples below certain income thresholds. Although the expanded deduction phases out beginning at $505,000 of income, it represents meaningful progress over the current $10,000 cap. This targeted relief reflects growing momentum in Congress to revisit SALT policy, with strong leadership from lawmakers in high-cost states—particularly California Congresswoman Young Kim, a key advocate for this provision and a leading voice on behalf of the SALT Caucus.
While the bill features a range of tax provisions for individuals and businesses, it falls short in addressing several long-standing REALTOR® priorities. Notably absent are proposals to increase the capital gains exclusi...
May
19
19
California Avocado News
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2025. In most of the United States, the 2025 CLL value for one-unit properties will be $806,500, an increase of $39,950 (or 5.2 percent) from 2024.
National Baseline
The Housing and Economic Recovery Act (HERA) requires FHFA to adjust the Enterprises' baseline CLL value each year to reflect the change in the average U.S. home price. Earlier today, FHFA published its third quarter 2024 FHFA House Price Index® (FHFA HPI) report, which includes statistics for the increase in the average U.S. home value over t...
May
19
19
California Avocado News
The California avocado industry is expecting a robust season with a predicted harvest of 375 million pounds, according to the California Avocado Commission. This year's harvest is the largest since 2020, driven by increased planting and improved per-acre yields. The peak harvest season is expected to be from spring thr...