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USA – Housing Market Overvalued Due to Unpriced Flood Risks, Says Study
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 mispricing...
The Great Slowdown: These Are the U.S. Cities Where Home Sales Are Down the Most
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
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
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”
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...
Real estate as an economic bogeyman
Source: Dawn --- Real estate plays the role of a bogeyman in Pakistan’s economy because of its large-scale monetary ramifications, various manipulations, overpricing and artificial growth. Prevailing speculation, the lack of transparency and regulation in the sector...
Cash: High Interest Rate Discourages Developers
Source: This Day --- The Chief Executive Officer, Wealth Island Properties Africa, Mr. Tade Cash in this interview with Kayode Tokede speaks on the impact of high interest rates environment on developers, among other property investment-related issues in Nigeria and...
Some buyers find deals in shifting Southern California housing market
Source: Los Angeles Times --- Stephen Jackson lost out on more than a dozen properties as home prices surged during the pandemic housing boom. He finally called off his search in 2021 when someone outbid him for a Tarzana condo by $25,000 — and paid in cash. “I was...
With Home Prices Stabilizing, Realtors Looking Forward to Good Spring Home Buying Season
Home sales nationwide in January were up 6% from a year ago and are 39% higher than in 2020, according to Zillow’s first monthly market report of 2023. Buyers took advantage of slightly lower mortgage rates in January, but sellers have yet to join the fray. The number...
Coldwell Banker Celebrates the Company’s Leading Real Estate Sales People
Luxury Ambassador Jade Mills of Beverly Hills has been recognized by Coldwell Banker as the company’s 2022 No. 1 agent worldwide. Mills achieved a total sales volume of $661,233,080 in closed residential real estate for 2022. “Jade continues to exceed her previous...
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