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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...
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,...
5 reasons so many people are moving to Tennessee, according to a 25-year-old broker who’s helped Californians and New Yorkers relocate there

5 reasons so many people are moving to Tennessee, according to a 25-year-old broker who’s helped Californians and New Yorkers relocate there

by Third Party | Feb 17, 2023 | News/Current Events, U.S. Housing Market

Source: Insider —  Tennessee has popped up on lists of the best, most affordable, and most moved-to states in the US, with cities like Chattanooga and Knoxville gaining recognition for their population booms during the pandemic. Many people have already made the...
Florida real estate market staying hot despite agent exodus: ‘It’s not an accident’

Florida real estate market staying hot despite agent exodus: ‘It’s not an accident’

by Third Party | Feb 17, 2023 | News/Current Events, U.S. Housing Market

Source: Fox Business —  With new data on the number of U.S. realtors indicating declining membership growth this year as agents head for the door in once-hot markets, real estate experts predict Florida will stay steaming despite the exodus. “It’s...
January 2023 Real Estate Update

January 2023 Real Estate Update

by Third Party | Feb 16, 2023 | Real Estate News, U.S. Housing Market

Source: Tysons Today —  The Washington metro area housing market had ground to a halt at the end of 2022, but in January, there was an increase in both buyer and seller activity that suggests that the market has bottomed out.  Both pending sales and showing...
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 Leora Ruzin | 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...
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