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US Housing Market Overvalued by $200 Billion Due to Unpriced Climate Risks

US Housing Market Overvalued by $200 Billion Due to Unpriced Climate Risks

by Third Party | Feb 17, 2023 | Industry Updates, U.S. Housing Market

Source: Environmental Defense Fund —  A new study published in the journal Nature Climate Change examines the potential cost of unrealized flood risk in the American real estate market, finding that flood zone property prices are overvalued by  US$121–US$237...
Gilbane, Inc. Chairman & CEO Thomas F. Gilbane, Jr. to Receive National Academy of Construction’s Ted C. Kennedy Award

Gilbane, Inc. Chairman & CEO Thomas F. Gilbane, Jr. to Receive National Academy of Construction’s Ted C. Kennedy Award

by Rick Grant | Feb 17, 2023 | Industry Updates

The National Academy of Construction has selected Thomas F. Gilbane, Jr., as the 2023 recipient of NAC’s Ted C. Kennedy Award, the Academy’s highest honor. He will receive the award and the accompanying medal at the NAC Annual Meeting on October 12 in Boston, MA....
Does Better Than Expected Homebuilder Sentiment Mean The Real Estate Market Could Be Turning?

Does Better Than Expected Homebuilder Sentiment Mean The Real Estate Market Could Be Turning?

by Third Party | Feb 17, 2023 | Industry Updates, U.S. Housing Market

Source: Forbes —  Key Takeaways February’s housing report marks the first month-over-month increase in homebuilder sentiment since late 2021 After hitting a high of 7.37% in October 2022, mortgage rates are making their way back down to a more reasonable range,...
California home sales increase in January for second straight month as prices stabilize

California home sales increase in January for second straight month as prices stabilize

by Rick Grant | Feb 16, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,520 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The...
14 Common Benefits of Real Estate Agents During Apartment Hunting

14 Common Benefits of Real Estate Agents During Apartment Hunting

by Third Party | Feb 16, 2023 | Industry Updates, Real Estate Agent Tools

Source: G2 —  Not every “for-rent” is a “homecoming.” How long does it take you to finalize a new home for rent? Can you silence your inner needs of owning a perfect apartment with perfect french windows, a serene neighborhood, and a...
San Francisco looks like a deflating Pandemic Housing Bubble—while housing markets in New York and Chicago remain stable

San Francisco looks like a deflating Pandemic Housing Bubble—while housing markets in New York and Chicago remain stable

by Third Party | Feb 15, 2023 | Industry Updates, U.S. Housing Market

Source: Yahoo! News —  The home price correction has been fairly mild on a national level, with U.S. home prices falling just 2.5% between June and November. But on a regional level, the correction in the second half of 2022 was a mixed bag. Among the 20 major...
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