Losses from Hurricane Zeta wind and storm surge could reach $4B
Insured wind losses are estimated to cost between $2.2B and $3.5B, while insured storm surge losses could clock in at an additional $300M to $500M, according to CoreLogic
Pending-home sales take 2.2% hit
The National Association of Realtors' Pending Home Sales Index dropped 2.2%, to 130, in September after 4 consecutive months of contract activity growth
by Lillian Dickerson Oct 29
Beyond the headlines: Housing continues to break records
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner discusses home sales across the U.S. and concerns over the unsustainable pace of price growth
by Matthew Gardner Oct 29
Vacant zombie properties continue to decline amid foreclosure moratorium
In the fourth quarter of 2020, properties in the process of foreclosure decreased 7.3% from the previous quarter while the number of properties sitting empty declined 4.4%
by Lillian Dickerson Oct 28
A year of relocation: Where luxury buyers moved in 2020
A new report from Coldwell Banker sheds light on where the wealthy moved this year, why they relocated and what they're looking for in a home
by Lillian Dickerson Oct 27
Multitudes of Americans considering leaving US after election
Redfin found that 16% of Americans would consider leaving the country if their preferred presidential candidate loses in November. That's up from just 9% four years ago
by Jim Dalrymple II Oct 26
Sales of homes in the Hamptons priced above $5M skyrocket 291%
The median sales price in the beachfront community surged 40%, to $1.2M, compared to the same time last year, according to a new report from brokerage Douglas Elliman
by Lillian Dickerson Oct 22
Home price gains continue to climb in third quarter
A new report from Attom Data Solutions found that 77% of metros analyzed posted double-digit annual home price gains
by Lillian Dickerson Oct 21
Spurred by builder confidence, housing starts rally in September
Privately owned housing starts rose to a seasonally adjusted annual rate of 1.41M, up 1.9% from an August estimate, according to data released Tuesday by the US Census Bureau
by Lillian Dickerson Oct 20
Single-family rent prices on the rise again: CoreLogic
In August, rent prices rose 2.1% across the US, the first time prices rose more than 2% since the start of the pandemic
Beyond the headlines: 83% of consumers not worried about job loss
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner digs into the numbers of the latest Home Purchase Sentiment Index
by Matthew Gardner Oct 20
The quiet iBuyer war on real estate commissions: DelPrete
Does the success of the iBuyer model come at the expense of the traditional real estate structure?
by Mike DelPrete Oct 19
These 10 cities are tailor-made for first-time homebuyers
By looking at factors such as payment-to-income ratios, a new report from SmartAsset finds that smaller cities within driving distance of a major urban center fare the best overall
32M missed mortgage, rent or student loan payments in September
The number of renters and homeowners able to make payments during the third quarter of 2020 improved slightly from the second quarter, but remained relatively high overall, according to the Mortgage Bankers Association's Research Institute for Housing America
by Lillian Dickerson Oct 16
Metros with lower rent have been most resilient amid pandemic
Metros with lower rental prices, including the Inland Empire and Sacramento in California, have been the most resilient, according to a new report by Yardi Matrix
by Lillian Dickerson Oct 15
Will low inventory plus high demand snowball this winter?
Today, the market remains red hot as summer, but unfortunately, the industry might be celebrating too soon. Here's why this winter might bring a very different and cold reality
by Chris Drayer Oct 15