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Thursday, June 4, 2026

Napa Valley couple's fireproof bunker can survive 2,000F after blaze killed their neighbors

 A Napa Valley couple whose neighbors died trying to escape a deadly wildfire has helped create a fireproof backyard bunker capable of withstanding temperatures up to 2,000 degrees.

The shelter, dubbed “Fort,” was inspired by the horrifying night the Atlas Fire tore through Napa County in October 2017, leaving a trail of destruction that burned more than 51,000 acres, destroyed 783 structures and claimed six lives.

Linda Cantey, an aerospace engineer and consultant, said she and her husband were asleep when the blaze swept their neighborhood.

A Napa Valley couple whose neighbors died trying to escape a deadly wildfire has helped create a fireproof backyard bunker capable of withstanding temperatures up to 2,000 degrees.Wildfire Safety Systems
Linda Cantey, an aerospace engineer and consultant, said she and her husband were asleep when the blaze swept into their neighborhood.Napa Land Trust

“We were sound asleep when that thing came ripping through our neighborhood,” Cantey told the BBC.

With the sound on her cellphone off, the couple didn’t wake up until someone called their home phone. By then, the canyon was already engulfed in flames.

“By the time somebody called our home phone and woke us up… the entire canyon was full of flames, and we could see across the canyon that every single house over there was already on fire,” she recalled.

The couple escaped, but one elderly pair on their street did not. According to Cantey, the couple had been ready to leave but lost power and didn’t know another way to open their garage door after the outage.

The tragedy stayed with her.

After the fire, Cantey joined local fire-safety advisory boards and approached a mining company she consults for that specializes in underground refuge chambers. She wanted to know whether similar technology could be adapted to help people trapped by wildfires.

The result was Fort, an above-ground refuge that resembles a backyard shed but is built with fire-resistant materials and doors. The structure can accommodate up to eight people and their valuables while providing breathable air for up to 4 hours.

The structure can accommodate up to eight people and their valuables while providing breathable air for up to 4 hours.Fort USA

“If it wasn’t for Linda, we wouldn’t have built this, I don’t think,” Josh Behling, president of Wildfire Safety Systems and one of the refuge’s inventors, told the outlet.

The bunkers start at $60,000 and are intended as a last resort rather than an alternative to evacuation. To prove confidence in the product, Cantey and Fort’s CEO even volunteered to sit inside during live-fire testing while firefighters stood by.

Fort is one of several businesses attempting to address the growing wildfire threat.

Among them is HiberTec Homes, a company developing hydraulic houses that can disappear underground within minutes. Founder Holden Forrest said he came up with the idea after the Woolsey Fire destroyed roughly 1,200 homes near Malibu.

The bunkers start at $60,000 and are intended as a last resort rather than an alternative to evacuation.Wildfire Safety Systems

He first sketched the concept on the back of his 9-year-old daughter’s homework and expected an architect to “laugh me out of the room.” Instead, the idea evolved into a patented system. The company estimates a 1,000-square-foot home would cost about $1.2 million, with the first units expected by 2030.

Demand is also growing for more traditional fire-mitigation efforts. Colorado entrepreneur Kimberly Jones has expanded her goat-grazing operation from 25 animals to 250, using them to clear vegetation that can fuel wildfires.

One wildfire last year stopped about 100 yards from a property her goats had cleared just 17 days earlier, added Jones.Wildfire Safety Systems

“They’re afraid,” Jones said of homeowners seeking the service. “They’re really afraid.”

One wildfire last year stopped about 100 yards from a property her goats had cleared just 17 days earlier, added Jones.

For Cantey, helping create Fort has become part of the healing process after witnessing the devastation left behind by the Atlas Fire.

“It’s therapy for all of us, because what we’ve witnessed, and what we’ve experienced, we wouldn’t want anybody else to go through,” she said.

“But it’s going to keep happening.”

https://nypost.com/2026/06/04/us-news/napa-valley-couple-create-fireproof-bunker-after-blaze-killed-neighbor/

US Sellers Pull Homes Off Market At Near-Record Pace As Buyers Balk At High Prices

 With March home prices across the US sliding sequentially almost 0.2%, and rising just 0.83% YoY, the weakest annual appreciation since July 2023...

...  the balance in the real estate market is rapidly shifting away from a sellers' market. And sellers are not happy.

A near record 5.8% of all US home listings were pulled off the market in April, according to Redfin. That’s tied with December 2025 for the highest share since March 2020, when the onset of the pandemic ground the housing market to a halt and spooked sellers. April delistings surged 3.8% month-over-month, the second straight month in which they have increased. Prior to 2020, delistings were never as common as they are now.  

Delistings are on the rise largely because it’s a buyer’s market. Many homeowners want to sell - but only if they can get the price they want.  In many cases, prospective sellers test the waters but pull their home off the market when they don’t get the price or terms that make selling worth it.  And with most homeowners in possession of sufficient liquidity buffers to avoid the need for liquidation, expect many more delistings as expectations for rapidly rising home prices crash and burn. 

Sellers are still getting used to the post-pandemic normal,” said Patricia Ammann, a Redfin Premier agent in Arlington, VA. “Prices aren’t soaring like they were five years ago–high gas prices and the rising cost of living overall is trickling down to the housing market, making buyers much less likely to bid prices up. Buyers know they have negotiating power, often offering under the asking price and completing inspections, but some sellers just won’t budge.”

The growing flood of AirBnB properties being dumped into a bidless market aside, Ammann noted that the most desirable properties still elicit multiple offers and sell above asking price with no contingencies. 

According to Redfin, there are a few forces driving the trend:

  • Homes are taking longer to sell. Mortgage rates came down from their recent peak in April, but they were still double pandemic-era lows–and home prices are still rising. Affordability is strained, which has pushed many house hunters to the sidelines. With fewer buyers competing for homes, sellers are more likely to wait weeks or months without a strong offer.
  • Inventory is rising faster than demand. In many parts of the country, listings have piled up as more homeowners try to sell as buyer activity slows. That increased competition among sellers means some homes sit unsold, prompting owners to pull them off the market rather than cut their price.
  • Some sellers still have pandemic-era price expectations. Homeowners who watched prices soar during 2020-2022 may still expect bidding wars or top-dollar offers. But today’s buyers are more price-sensitive because monthly housing costs are much higher. When sellers don’t receive the offers they anticipated, some choose to delist and wait for conditions to improve.
  • Economic uncertainty is making both buyers and sellers cautious. Concerns about the Iran war, inflation, tariffs and job security are causing some homeowners to hesitate about moving unless they can get a strong price.
  • Delisting can be a strategic reset. Sellers sometimes remove a stale listing to relaunch it later with a new price, new photos or during a more active season. Others are deciding to rent their homes instead, especially if they have a low mortgage rate they don’t want to give up.

Meanwhile, as the first wave of sellers is delisting, another wave of more motivated sellers - those who delisted their homes previously - are now re-listing them: 2.5% of homes that were on the market in April belonged to sellers who had pulled their listing in the previous 12 months, then relisted. That’s tied with the prior two months for the highest share since mid-2020, when many homeowners were putting their homes back on the market after delisting at the start of the pandemic

Homeowners who pulled their home off the market over the last year are increasingly trying again as they come to terms with today’s buyer’s market. As high mortgage rates and growing inventory continue giving buyers negotiating power, sellers are aligning with the realities of the market. 

They were also betting on a stronger spring market, hoping for a bump in homebuying demand after a slow few years that were marked by sky-high mortgage rates. The market did improve in April as rates dipped a bit, though it slowed down again in May as rates jumped. 

“Many of last year’s sellers delisted when they couldn’t get the price they wanted. Now, some of them are circling back, willing to price realistically and do what it takes to sell their home,” said Monica DiSchiano, a Redfin Premier agent in Austin, TX. “They’ve realized that if they’re selling for less, the next home they buy will cost less, too.”

Delistings Most Common in Atlanta and San Jose 

In Atlanta, one in 10 (10.7%) homes listed in April were pulled off the market–the highest share among the 50 most populous U.S. metros. Next come San Jose, CA (9.3%), Los Angeles (7.8%), Dallas (7.8%) and Seattle (7.7%). Buyers hold the negotiating power in all those metros, meaning they often try to negotiate prices down or get concessions, which can lead sellers to pull their homes off the market instead of hitting lowball bids.

Delistings were least common in Pittsburgh, where 3.5% of April’s listings were pulled off the market. Next came Columbus, OH (3.6%), Chicago (3.6%), Cincinnati (3.7%) and New Brunswick, NJ (4.4%). Chicago and New Brunswick are two of just a few metros in the U.S. that are not buyer’s markets. 

Bay Area Homeowners Are Relisting at High Rate

In San Francisco, 4.2% of the homes that were on the market in April were relistings of homes that had been delisted in the prior 12 months. That’s the highest share of the metros analyzed by Redfin. It’s followed by neighboring San Jose, where 4.1% of all listings were relistings. Next came Boston (3.8%), Oakland, CA (3.7%) and Riverside, CA (3.7%). 

Relistings are most prevalent in the Bay Area because the local market is hot, fueled largely by the AI boom. Many homeowners are taking advantage of rising demand by putting their houses back on the market.  Relistings were least common in Pittsburgh (1.6%), also the metro area where delistings were least common. It’s followed by Virginia Beach, VA (1.7%), Cincinnati (2%), Montgomery County, PA (2%) and New Brunswick, NJ (2.1%). 

The list of the 20 US metro areas with the highest delisting rates is shown below.

Source: Redfin

https://www.zerohedge.com/economics/us-sellers-pull-homes-market-near-record-pace-buyers-balk-high-prices

Wednesday, June 3, 2026

Controversial law driving up cost of HOA fees may be heading to Supreme Court

 A bubbling legal battle over a federal anti-fraud law has sparked worries from homeowners association advocates that they could be newly buried in bureaucratic red tape — and face increased costs.

Originally designed to deter fraud and abuse in businesses entities, the Corporate Transparency Act imposes new reporting requirements on many business entities, including condo associations and HOAs.

But many groups are now challenging the law’s key requirement to disclose ownership of corporate entities.

After a series of courts upheld the law, a group of business entities led by the National Small Business Association are asking the US Supreme Court to weigh in to overturn the law.

They argue it’s unconstitutional. And they’re joined by several HOA groups, which are concerned that costs will increase.

The suit comes at a time when millions of Americans are part of HOA communities, where dues are rising. A string of fraud and theft cases involving HOAs have followed. And several states have come forward with potential reforms.

What is the Corporate Transparency Act?

Developed in 2017 and enacted in 2021, the Corporate Transparency Act (CTA) is intended to cut down on financial fraud.

The law required 32 million American business and financial entities to file information about their beneficial owners and officers, including names and addresses, under threat of punishment from the Treasury Department’s Financial Crimes Enforcement Network.

Aerial view of a residential suburban neighborhood in West Orange, New Jersey.
The Corporate Transparency Act could be causing HOA fees to rise.Christopher Sadowski

A series of lawsuits followed nationwide and the CTA’s implementation was paused and resumed several times as different courts weighed in.

Eventually, the Trump administration relented and announced last year it would aim enforcement efforts at curtailing international fraud. But it kept the law on the books, arguing the government loses billions a year to financial crimes.

Lawsuits continued from businesses and entities that claimed the federal government was intruding into affairs that the Constitution delegates only to the states, violating the Commerce Clause.

That included several Texas homeowners who own their properties through LLCs and must file reports to the government disclosing the true ownership.

They and other plaintiffs argue the CTA also imposes high costs to maintain compliance.

They also say the law unfairly punishes them, because their entities aren’t being run for profit.

Now, the group challenging the law has appealed to the US Supreme Court to strike it down on constitutional grounds, after several lower courts upheld the legality of the CTA.

The Supreme Court agrees to hear very few cases, but if it opts to take up the CTA challenge, it could strike or force changes to the entire law.

HOA group says new requirement is onerous

Community Associations Institute, which represents about 373,000 condo associations and HOAs, worries about the impacts of the law as it stands.

HOAs say they face a special dilemma because their boards and ownership change regularly, and so the burden of disclosing ownership is more onerous.

CEO Dawn Bauman said she believes the act unintentionally swept in community associations.

The CTA has exceptions for 20 different kinds of groups, including several kinds of nonprofits with 501(c) designations.

Most HOAs are under 528 tax-exempt status, and the law treats them similarly to other nonprofits in many ways. But they aren’t protected from CTA enforcement in any specific carve-out.

“It’s not a typical filing requirement a corporation would have where they file their owners and that’s it,” she said. “Community associations have new board members every year at least, and often more often.”

Bauman said she hasn’t yet heard of the government threatening fines against any one association. But the fear is that HOAs will suffer as many would-be volunteer board members shy away from potential penalties, including fines and jail time. Many volunteers may also balk at having their information in another government database, she says.

And, while the Trump administration revised CTA enforcement to specifically target foreign owners, that was just executive rulemaking, not law. Bauman said HOAs fear that new rules and guidance under a future administration could change things again. So, the Community Associations Institute is arguing for either legislation or a harder rule from Treasury that explicitly exempts HOAs from the law.

A CAI survey of board members conducted before the government clarified the CTA found 58% were uncomfortable sharing information with the government. About half also said they’d step back from volunteering with their local HOA, or step down entirely if the law was enacted.

Supporters say law deters HOA fraud

To date, most major courts have upheld the Corporate Transparency Act as legally justified. The government has a vested interest in collecting tax revenue, after all, and the bill’s proponents have so far convinced the court that the law deters fraud and money laundering through opaque shell corporations.Erica Hanichak is the deputy director of the FACT Coalition, a financial think tank that supports the law. The CTA isn’t an onerous requirement, and it’s not aimed at HOAs, she said. Most required business disclosures will be short, unless there are foreign owners in the HOA entity.

And she said the CTA is a possible avenue to help deter fraud against HOAs. While FinCEN isn’t specifically targeting HOAs for prosecution under the law, the disclosures provide a way for police investigating fraud to track illicit activities.

“A little bit of transparency goes a long way in protecting our communities,” Hanichak said. “While it might feel cumbersome to reach out to partners to try to do some of those disclosures, it’s a huge helping hand to law enforcement in trying to prevent financial crime.”

https://nypost.com/2026/06/02/real-estate/this-controversial-law-is-driving-up-the-cost-of-your-hoa-fee-now-it-may-be-going-to-the-supreme-court/