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Jackson Family Wines funds vital research into smoke taint
The Real DealAccording to the US Environmental Protection Agency, wildfires burn more land in western US states than eastern. It’s why JFW is funding one Washington professor’s research into smoke taint solutions. In 2020 alone, a study by Downey Brand, LLP noted that...
Gallo paid $85.6 million for Napa Valley’s Rombauer wine properties in Napa County
The Real DealRombauer Vineyards, on the Silverado Trail north of St. Helena, has been purchased by E. & J. Gallo Winery.Star file photoGallo Wine Group paid an estimated $85.6 million to buy Rombauer Vineyards properties, according to the amount of property...
Mortgage rates just hit a 22-year high, take these 4 steps today to prepare for a home purchase tomorrow
The Real DealMortgage rates just hit a 22-year high, take these 4 steps today to prepare for a home purchase tomorrow Average 30-year fixed mortgage rates are sitting at a 22-year high, and home prices continue to inch higher, exacerbating the market for homebuyers....
Napa grape prices up amid tonnage declines
Farm Progress County's annual crop report shows red wine grape production is down over 33,000 tons since 2018. Chardonnay and Cabernet Sauvignon remain the top wine varieties produced in Napa County, Calif. Wine acreage remains flat, but tonnage produced is down...
State Farm has stopped insuring Californian homes because of their “catastrophe exposure”
Yahoo! FinanceState Farm, the largest property insurer in the US, will no longer accept new applications for home insurance in California, citing the risks of apocalyptic wildfires as well as the exorbitant costs of construction. The company “made this decision due to...
72% of Gen-Z plan to buy a home in under 6 years. Do they know what it takes?
CNBCA survey from Rocket Mortgage found that many Gen Zers plan to get a mortgage in a few years. It’s tough out there for first-time homebuyers. They’re facing multiple challenges, including rising mortgage rates, high home prices and limited inventory. However, that...