Why Homes in 8 States Have Lost Billions in Potential Value
These areas boast some of the priciest real estate in the country, but increasing flood threats are chipping away at their desirability.
These areas boast some of the priciest real estate in the country, but increasing flood threats are chipping away at their desirability.
Just south of San Francisco’s Mission District, perched atop a steep hillside, sits Bernal Heights. Traditionally home to artists and progressive-types, this little neighborhood once enjoyed relative obscurity, even managing to fly under the gentrification radar following the dotcom boom. But it appears all that’s about to change.
Home prices may have finally reached their tipping point after increasing 11.4% year-over-year. According to First American’s Chief Economist Mark Fleming, home prices are in the beginning stages of correcting to demand.
Home prices may have finally reached their tipping point after increasing 11.4% year-over-year. According to First American’s Chief Economist Mark Fleming, home prices are in the beginning stages of correcting to demand.
Over the weekend, Sen. John McCain passed away at the age of 81, and the housing industry is showing their support in remembrance of the Republican politician. And now, members of the housing industry are expressing their support in remembrance of the war hero-turned U.S. senator.
Over the weekend, Sen. John McCain passed away at the age of 81, and the housing industry is showing their support in remembrance of the Republican politician. And now, members of the housing industry are expressing their support in remembrance of the war hero-turned U.S. senator.
Private mortgage insurance continues to surge, seeing a significant increase in new mortgage insurance written in the second quarter. New mortgage insurance business volume rose to about $80.3 billion, rising 14% annually and hitting a new post-crisis peak.
Home sales growth is expected to slow through the remainder of the year, as a lack of affordability and supply contribute to a continual slowdown, according to Freddie Mac’s August Forecast. Freddie Mac Chief Economist Sam Khater said these challenges were predominantly seen in expensive markets out West.
In a scathing letter addressed to Acting Director Mick Mulvaney, Seth Frotman resigned from his position as assistant director and student loan ombudsman at the Consumer Financial Protection Bureau on Monday, accusing the agency of turning its back on young people and their financial futures.
It’s a tall task to find affordable digs these days, but there are a handful of the 50 biggest cities where you have a chance.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616