U.S. Housing Market
Connecticut Mega-Church Proposes Affordable Housing Complex On Its Property
First Cathedral in Bloomfield offered an informal presentation to the town’s planning and zoning commission. Continue Reading Connecticut Mega-Church Proposes Affordable Housing Complex On Its Property
Hits and Misses for the Real Estate Week of Sept. 1-5
A decades-old crime is solved, an emergency without urgency is declared, and bizarre happenings in the UK and Canada. Continue Reading Hits and Misses for the Real Estate Week of Sept. 1-5
Q1 Home Equity Levels Down Slightly
The level of equity richness in homes was down in 47 states and the District of Columbia on a quarter-over-quarter basis. Continue Reading Q1 Home Equity Levels Down Slightly
Washington State Rent Cap Bill Signed into Law
The Rental Housing Association of Washington is considering legal action to challenge the new law. Continue Reading Washington State Rent Cap Bill Signed into Law
Active Listings in Washington, DC Metro Area Up 25.1% from Last Year
The median home sale price rose 4.1% year-over-year to $600,964 during the four weeks ending April 27. Continue Reading Active Listings in Washington, DC Metro Area Up 25.1% from Last Year
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...
Real Estate Startup zavvie Announces “zavvie Power Buyer,”
zavvie, a software technology company providing customized marketplaces for brokerage-wide buying and selling solutions, announces they have rolled out a new white-labeled solution for real estate brokers designed allow them to offer additional options to home...
