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Rising seas fueled by climate change to swamp $34B in US real estate in just 30 years, analysis finds
Source: USA Today --- Higher high tides, supercharged by rising sea levels, could flood all or parts of an estimated $34 billion worth of real estate along the nation’s coasts within just 30 years, a new report concludes. Within the span of a 30-year mortgage, as many...
How Not to Blow Up the Housing Market
Source: American Action Forum --- Despite welcome economic indicators that house prices and other key housing costs may be at least peaking, if not falling, the housing market remains a significant pain point for American consumers. Median house prices reached a new...
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Anxiety grips LOs as layoffs sweep the industry
Source: Housing Wire --- If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” They have good reason to feel anxious. Numerous shops, including Better.com, Interfirst Mortgage, and Freedom...
Treasury cracks the whip on money laundering
Source: Housing Wire --- The U.S. government is laser-focused on uncloaking bad actors hiding behind shell companies to engage in money laundering and other illicit activities and is seeking to adopt new regulations to accomplish that goal — rules that will impact the...
Returns on home flips drop to lowest level since first-quarter 2011
Source: Scotsman Guide --- Home-flipping profit margins fell to their lowest point in nearly a decade as of third-quarter 2021, according to Attom Data Solutions’ newest U.S. Home Flipping Report. From July through September, 94,766 single-family houses and...
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