The median price of homes destroyed by wildfire was $3.7 million Wildfires that ravaged Pacific Palisades, Malibu and Los Angeles areas for 3 weeks last January scorched an estimated $51.7 billion in residential real estate, marking one of the most financially devastating wildfire events in U.S. urban history, according to a new analysis by Redfin. The analysis, based on data from the Los Angeles City...
One of the most persistent lies about U.S. economics post-COVID-19 is that Wall Street has been a major buyer of homes in America and that’s the reason home prices have escalated out of control. The role of investors in the housing market is back in the news again, but I want to look at this topic from a different angle. Cotality data recently showed investors making up over 30.7% of home sales —...
A new bill introduced in the Senate would require Fannie Mae and Freddie Mac to consider unconverted digital assets in mortgage underwriting. Sen. Cynthia Lummis (R-Wyo.) introduced the legislation, known as the 21st Century Mortgage Act, on Tuesday. S.B. 2471 is a response to a directive from Bill Pulte, the director of the Federal Housing Finance Agency (FHFA). Pulte recently instructed the...
Stellar MLS — the largest multiple listing service in Florida and Puerto Rico — has launched IO Reports, a new tool that offers subscribers access to neighborhood and market insights for any address in the U.S. The new feature — provided in partnership with location intelligence company Local Logic — gives real estate professionals detailed reports that include demographics, amenities, school...
Glenn Sanford has returned to SUCCESS Enterprises as publisher and managing director. Sanford — the founder of eXp Realty and CEO of eXp World Holdings — announced the move alongside the launch of SUCCESS+, an artificial intelligence (AI)-driven global platform aimed at providing professional development and community for entrepreneurs and growth-minded individuals. “With SUCCESS+, we are...
Longbridge Financial, one of the nation’s leading reverse mortgage lenders, on Tuesday announced the hiring of Azita Guzzo as its new head of technology innovation. Guzzo will fill a newly created role at Longbridge. She’s being tasked with the development of advanced technology solutions for enhanced customer service and improved operational efficiency. “Azita’s deep expertise and...
Is showering during a thunderstorm actually dangerous or an old wives'...
Here’s what fans can expect (and what will surprise them) in ‘Chasing the...
With two young kids and busy schedules, this Massachusetts couple craved a calming retreat in their forever home. But their en suite primary bathroom was anything but relaxing. A dark vanity, cramped stall shower, alcove tub and a series of doors and walls — including for a water closet...
Time is money when you’re running your own business, so it pays to find ways to do more in less time (without cutting corners, of course). If you’re looking for ideas on how to go about it, you’ve come to the right place. Here, six design and remodeling professionals on Houzz share the time-saving...
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