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USA – Housing Market Overvalued Due to Unpriced Flood Risks, Says Study

USA – Housing Market Overvalued Due to Unpriced Flood Risks, Says Study

by Third Party | Feb 22, 2023 | Industry Updates, Real Estate News, U.S. Housing Market

Source: FloodList —  A recent study has found that the housing market in the USA is overvalued by as much as $237 billion due to unpriced flood risk. The increasing cost of flooding under climate change has led to growing concerns that housing markets are...
Redfin and Zillow Group financial reports reveal broader housing market trends

Redfin and Zillow Group financial reports reveal broader housing market trends

by Third Party | Feb 22, 2023 | News/Current Events, U.S. Housing Market

Source: GeekWire —  The latest financial reports from Zillow Group and Redfin demonstrate ongoing wariness within the U.S. real estate market. Both companies expect revenue from key business segments to decline year-over-year in the first quarter. Zillow...
The Great Slowdown: These Are the U.S. Cities Where Home Sales Are Down the Most

The Great Slowdown: These Are the U.S. Cities Where Home Sales Are Down the Most

by Third Party | Feb 22, 2023 | Real Estate News, U.S. Housing Market

Source: Realtor.com —  If the housing market of just a year ago still seemed to be moving at quantum speed, today it’s more akin to an interminable traffic jam—with no exit ramps or HOV lanes in sight. As higher mortgage rates have made buying a home ever more...
Celebrity Homes of Hollywood Stars: Zsa Zsa Gabor’s Palm Springs Glamorous Pink House Is For Sale

Celebrity Homes of Hollywood Stars: Zsa Zsa Gabor’s Palm Springs Glamorous Pink House Is For Sale

by Leora Ruzin | Feb 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market

 custom-built pink home that once belonged to Zsa Zsa and Magda has been listed for sale at $3.8 million. The Palm Springs estate has been lovingly maintained, preserving the one-of-a-kind Gabor glamour present in every room, including many original furnishings....
Billionaire Grant Cardone says he and other real estate investors will ‘save the day’ and prevent a home price crash

Billionaire Grant Cardone says he and other real estate investors will ‘save the day’ and prevent a home price crash

by Third Party | Feb 22, 2023 | Real Estate News, U.S. Housing Market

Source: Insider —  Rapid home-price growth and soaring mortgage rates led to a dramatic downturn in housing demand throughout 2022, leading experts to speculate that the entire US real estate market could implode. While the housing slump is escalating this year,...
Texas new homes are taking longer to sell, and prices are down, but overall sales are still showing “remarkable stamina”

Texas new homes are taking longer to sell, and prices are down, but overall sales are still showing “remarkable stamina”

by Leora Ruzin | Feb 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market

New homes in Texas are taking longer to sell and average home prices are lower, according to a new HomesUSA.com New Home Sales Report released today by Ben Caballero, real estate agent and HomesUSA.com CEO.   The HomesUSA.com New Home Sales Report uses Multiple...
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