In the dynamic landscape of the real estate market, the patterns of homebuyer interest are undergoing a transformation. Buyers are veering away from the traditionally popular West and South regions, redirecting their attention to the affordability haven offered by the Northeast and Midwest.
Why Homebuyer Interest is Shifting to the Northeast and Midwest Read More »
While overall housing inventory has grown compared to recent years, it is only part of the story. Inventory levels have increased compared to last year or the year before. But, when we compare supplies to levels seen pre-Covid, then it
Inventory Ups and Downs Read More »
Discover how hurricanes impact home prices. This study analyzes the effects of major hurricanes on housing markets, revealing surprising trends. Learn about the factors influencing post-hurricane home values and why traditional economic models don’t always apply.
How do Hurricanes Impact Home Prices? Read More »
Average yearly home insurance premiums in Florida surged to over $4,231 in 2022 from $2,165 in 2020, according to data from the Insurance Information Institute (Triple-I). Furthermore, they climbed by an additional 42% in 2023, solidifying Florida’s position as the state with the highest homeowner insurance premiums. Forecasts suggest double-digit increases for 2024.
Surging insurance premiums and HOA fees slow down Florida’s Housing Market Read More »
Despite California’s sky-high housing costs and high property value to income ratio, the state surprisingly has a low Loan-to-Value (LTV) ratio. This article explores potential explanations for this discrepancy. Factors such as existing homeowners leveraging equity for larger down payments, a strong presence of high-end properties, and a dominant buyer demographic with higher earning potential are analyzed. While these factors offer insights, further research is needed to fully understand the complex dynamics of California’s housing market.
Why does California have one of the lowest LTV? Read More »
California’s housing market faces a significant challenge as major insurers stop renewing policies due to wildfire risks and rising costs. This move could lead to reduced buyer demand, higher expenses for existing homeowners, and potential price corrections.
California’s Homeowners Face Insurance Squeeze Read More »
While everyone’s buzzing about those lucky homeowners with ultra-low mortgage rates, millions of homeowners are quietly celebrating a different kind of financial freedom: ditching their mortgages altogether! That’s right, 40% of owner-occupied homes in the US are now mortgage-free.
Who Owns Mortgage-Free Homes and Where? Read More »
Hurricane Ian, a Category 4 storm, struck in September 2022, causing extensive damage to over 30,000 homes in the Fort Myers area. As a result, numerous residents were compelled to vacate their homes and are now confronted with the challenging process of reconstruction or renovation.
Cape Coral – Fort Myers Housing Market After Hurricane Ian Read More »
As we enter the new year, anticipation surrounds the housing market’s trajectory. Will it revert to its pre-pandemic state? Is an era of more affordable homes on the horizon? Are we bracing for a ‘silver tsunami,’ as baby boomers downsize and flood the market with homes? In short, the answer is no.
New Year, Old Housing Market Read More »
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