As Hurricane Helene nears Florida's Gulf Coast, property data firm CoreLogic estimates approximately 25,000 homes are at risk of flooding due to storm surge. Helene, the eighth named storm of this hurricane season, is currently heading toward Apalachee Bay in Florida's Big Bend region. According to the National Hurricane Center's (NHC) advisory, Helene is expected to make landfall as a Category 3 or 4...
Image Acton says most investors have already rebalanced portfolios along property sector...
Image Moss says alignment on reporting standards remains...
Half of all active listings were stale in August, highest share in 5 years Based on new data from Redfin, nearly half (48%) of all U.S. listings have lingered on the market for at least 60 days, the highest share for any August since 2019. That share was up from 43.2% a year ago and marked the fifth straight month in which the share of homes sitting for at least 60 days posted an annual increase. The...
The share of single-family homes sold to investors peaked at nearly 30% at the start of this year, but these types of transactions dropped significantly in the ensuing six months, according to a CoreLogic report released Wednesday. Investor purchases began to decline in March 2024 and by June represented 23.4% of all U.S. home sales. That was the lowest share in two years, CoreLogic economist Thomas...
Negative depictions of Americans ages 50 and older have lessened over a five-year period, with negative sentiment in online media and marketing images dropping from 28% in 2018 to 10% in 2023, according to research published this week by senior advocacy organization AARP. “The 50-plus population is pictured as more active and independent, less fearful, and more likely to use technology, reflecting a...
The Alabama Association of Realtors is calling out for change in national membership models. (Image created by AI in Midjourney.) The Alabama Association of Realtors (AAR) turned heads last week when it sent a letter to the National Association of Realtors (NAR) and asked for greater flexibility in allowing members to decide which levels of Realtor associations they would like to join. But according to...
The first day of this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego wound down with an announcement that marks the end of an era. The association honored two of its most prominent past and present members with distinguished service awards. These were given to Peter Bell, NRMLA’s current CEO and former president, and Scott Norman, its former...
The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on the mortgage market. The SCP, established in June 2012 during the Obama administration, requires that entities report to FHFA if an individual or institution they do...
Showing off luxury homes that cost millions of dollars to build is quite the process. Every detail has to be on point, ensuring that the quality materials and high-end finishes are beautifully complemented by just the right decor choices, for maximum impact. The goal is pretty clear — to showcase the property in the best possible light, and to make it easier for the would-be buyers to imagine...
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