Source: Redfin —Â Many pandemic homebuyers purchased vacation homes, which are frequently vulnerable to natural disasters. In 2020 and 2021, purchases of second homes with high flood risk rose 45% from the prior two-year period (2018-2019), according to a Redfin...
Source: Scotsman Guide — CoreLogic’s latest Home Price Insights (HPI) report revealed that home prices nationwide, including distressed sales, rose 20.2% year over year in May — a still-strong annual jump, but one that’s likely to precede a period of slowing...
Source: Salt Lake Tribune — As downtown Salt Lake City’s boom in residential construction rolls ahead, developers have purchased a high-profile office tower along South Temple with plans to convert it into luxury apartments. Hines, a global real estate company...
Source: CNN — Hong Kong (CNN Business)Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and...
Source: Bankrate — The mercury in your thermometer’s going up, and mortgage rates are also climbing, creating an uncomfortably hot and sticky situation for prospective homebuyers. Currently, the benchmark 30-year fixed mortgage rate is treading close to 6...
Source: Yahoo Finance — Home prices across the United States continue to rise, with the entire country seeing an increase of over 1% between April and May this year, according to the National Association of Realtors. It’s even higher in some parts of the...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
