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Hurricane Ida losses likely short of Katrina totals, could hit $25B
Source: SP GLobal --- Preliminary loss estimates from Hurricane Ida approach $25 billion, but should remain well below what the U.S. Gulf Coast saw in August 2005 when it was devastated by Hurricane Katrina. While Ida is expected to generate significant economic and...
Where real estate investors bought the most homes in 2020
Source: inman --- A decade of migrational influence has shifted which housing markets investors are pouring their money into. A new report by the analytics company CoreLogic compared the metros with the most investor activity in 2011 to the metros with the most...
Homebuyers flock to Florida real estate
Source: Housing Wire --- The Sunshine State seems to be getting a lot more foot traffic these days, with the number of homebuyers moving to Miami tripling year-over-year, a new analysis found. According to Redfin’s monthly migration report, July saw the net inflow of...
HQ Capital Real Estate Finalizes Strategic Partnership, Announces Rebrand as ‘CP Capital’
Source: Valdosta Daily Times --- HQ Capital Real Estate, a highly disciplined U.S. real estate manager specializing in multifamily investments, today announced it has closed on its transaction with Concord Pacific and Paragon Real Estate Advisors (a subsidiary of HB...
Italian-style Lake of the Isles home hits market for $4.5 million
Source: Star Tribune --- Fountains, courtyards and gardens with 100-year-old vines. Curved ceilings, rounded walls and wrought iron details. Such a home might be expected in the Tuscan countryside, but this one is on Lake of the Isles in Minneapolis. Now the...
Green Street’s Real Estate Alert Publishes Inaugural Mid-Year Broker Rankings For Deals Above $5 Million, Reveals Spike In Volume Across Sectors
Source: PR Newswire --- Real Estate Alert has published its first mid-year League Table ranking sales brokers representing deals $5 million and up across various property types, culminating with its special supplement analyzing private-capital trades between $5...
Fannie Mae Wants to Help Renters Qualify for Mortgages More Easily
Source: WTOP --- First-time homebuyers who want to transition from paying rent to owning a home could benefit from a new underwriting program from Fannie Mae that allows lenders to consider rent payment history. Fannie Mae is a privately owned, but government...
Zillow ranks Phoenix #1 across the nation for increased rent prices in July
Source: AZ Family --- When it comes to population, Phoenix might be the fifth-largest city in the nation, but one local real estate expert is saying that the apartment supply is just not meeting the apartment demand. Eric Atencio works at Valley King Properties and...
Once listed at $195 million, the famed Hearst estate is hitting the auction block
Source: LA Times --- In 2016, Southern California real estate soared to new heights with the $100-million sale of the Playboy Mansion. The market-defining deal was the largest in L.A. County history at the time, and soon after, owners of iconic California estates...
Demand for Vacation Homes in U.S. Plummets This Summer
Source: The World Property Journal --- According to national property broker Redfin, demand for second vacation homes in the U.S. fell 21% year over year in July 2021. This marks the second consecutive month of annual declines in mortgage-purchase locks, following 13...
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