U.S. Housing Market Updates
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Connecticut Governor Vetoes Affordable Housing Bill
“I’m not happy with the local red tape, but I want the towns to take the lead,” said Gov. Ned Lamont. Continue Reading Connecticut Governor Vetoes Affordable Housing Bill
Compass Sues Zillow Over ‘Anticompetitive’ Ban on Private Listings
“No one company should have the power to ban agents or listings simply because they don’t follow that company’s business model,” said Compass CEO Robert Reffkin. Continue Reading Compass Sues Zillow Over ‘Anticompetitive’ Ban on Private Listings
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
New Hampshire Home Sales Up Despite Decline in New Listings
For New Hampshire’s condo/townhome sector, there were 220 closed sales, down 4.3% from one year ago Continue Reading New Hampshire Home Sales Up Despite Decline in New Listings
Zillow: Climate Risks Threaten Trillions of Dollars in Real Estate
The New York City metro area has the highest total value of homes at major risk of flood and extreme wind Continue Reading Zillow: Climate Risks Threaten Trillions of Dollars in Real Estate
Report: Typical Homeowner Stays in Residence for 11.8 Years
The median homeownership tenure is shortest in Louisville, Kentucky (8 years). Continue Reading Report: Typical Homeowner Stays in Residence for 11.8 Years
More Luxury Homes Under Construction in Florida
Lennar, one of the nation's leading homebuilders, has started home sales for a new luxury community in Miami. Homes in Centris – a WCI Community adjacent to the city of Pinecrest, Florida, will offer estate homes that range from 3,442 to 4,336 square feet with four to...
Companies Plan Metaverse RE Development Connected to Real Cities
News out of London is that Web developers are hoping to strike it rich in real estate by connecting properties developed in Metaverse with real world cities. nChain, a developer of Web3 and Blockchain technologies, has formed a strategic alliance with Transmira Inc....
Unpriced climate risk and the potential consequences of overvaluation in US housing markets
Source: Springer Nature --- 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 risk...
Alliant Capital Announces Financing for Affordable Housing in Sonoma County, CA
Alliant Capital, a Walker & Dunlop, Inc. company, announced today its $40 million investment for Shiloh Crossing, a new construction of 171 Low Income Housing Tax Credit (LIHTC) units in Windsor, Sonoma County, CA. The team, including Dudley Benoit, senior...
US Housing Market Overvalued by $200 Billion Due to Unpriced Climate Risks
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 billion....
Does Better Than Expected Homebuilder Sentiment Mean The Real Estate Market Could Be Turning?
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
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’
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 not an accident,"...
January 2023 Real Estate Update
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 activity...
California home sales increase in January for second straight month as prices stabilize
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...
