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Napa County’s Planning Commission has given the green light to build a new winery in Oakville. The new Bonny’s Vineyard winery, proposed by Meyer Family Enterprises, can produce up to 30,000 gallons of wine a year. It includes a 11,000 square-foot wine production facility and tasting room and a patio on 25.5 acres off of Skellenger Lane.

Bond market investors who fund most mortgages focus on the latest dot plot, which shows Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025. Federal Reserve policymakers approved their third rate cut of the year Wednesday but laid out a conservative path for future easing that sent long-term mortgage rates heading up on inflation worries.

The Mondavi journey started during the Prohibition era. Italian-American couple Cesare and Rosa Mondavi moved from Minnesota to Lodi, California, in 1922 to sell local grapes for homemade wine. This was one of the few exceptions allowed during a time when the manufacturing and trading of alcoholic beverages were prohibited.

California farmers and ranchers who divert water and violate orders or reporting requirements from the California State Water Resources Control Board may feel sticker shock when new increased penalties take effect Jan. 1. The state water board’s powers to issue fines for water rights violations were first established in the 1980s and have remained mostly unchanged.

In a surprise announcement, California’s second-largest insurance provider, Farmers Insurance, says it is going to add more policies for property owners. Starting Saturday, Farmers told NBC Bay Area it will increase the number of new home insurance policies it accepts each month in California from 7,000 to 9,500.

The past 12 months have put the real estate market in a blender, with market headwinds and regulatory changes twisting the landscape for agents and consumers alike. However, with 2025 around the corner, there’s renewed hope for a market rebound as inflation inches closer to 2 percent and the Federal Reserve projects several more rounds of federal funds rate cuts into 2025