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Real Estate Roundtable: What’s the No. 1 Question Agents Are Getting?
Source: Hedges --- Questions. They are everywhere around us, and new ones keep popping up all the time. At certain moments, it can even feel that the more we know, the more answers we seek. With that in mind, we turned to real estate experts and insiders on Long...
Unpriced climate risk and the potential consequences of overvaluation in US housing markets
Source: Nature Climate Change --- Abstract Climate change impacts threaten the stability of the US housing market. In response to growing concerns that increasing costs of flooding are not fully captured in property values, we quantify the magnitude of unpriced flood...
How does the housing market affect financial and economic stability?
Source: Economics Observatory --- The global financial crisis of 2007-09 highlighted how housing markets can create massive financial and economic instability. Similarly, recent high inflation and economic uncertainty have had a big impact on house prices, rents and...
Toronto Real Estate Prices Just Made The Biggest Jump Since Rates Began Climbing
Source: Better Dwelling --- There’s a Canadian real estate correction? Apparently no one told Toronto. TRREB data shows home prices didn’t just climb in February, but made a 5-digit jump. Prospective buyers with their buyer-feet ice cold in the snow, stood puzzling...
US home prices just did something they haven’t done since 2012
Source: New York Post --- US home prices in February posted their first year-over-year decline in more than a decade as surging mortgage rates put the squeeze on the market. The average US home sold for $350,246 for the four weeks ending on Feb. 26, according to an...
Vast majority of U.S. homes are unaffordable to the average buyer
Source: CBS News --- The cost of buying a home is drifting further out of financial reach for the average American, according to a report from Redfin. The real estate website analyzed homes that went on sale last year and found that only 21% of them were affordable,...
