New York City and Chicago are primed for severe home price declines if the market turns down. That’s according to ATTOM’s latest Special Housing Risk Report, which highlights county-level housing markets that are primed for declines based on factors like affordability, foreclosures, and underwater mortgages. In Q1 2024, California, New Jersey, and Illinois had the…
Tampa, Florida, is the number one U.S. city for veterans seeking affordability, comfort, and opportunity. That’s according to a new survey from Veterans United Home Loans, which looked at the country’s 500 biggest metros to determine which offered the qualities most valued by veterans and their families. Behind Tampa were Rochester, MN.; Wichita Falls, TX;…
The South has lost its sparkle for American movers in the post-pandemic world, but that could change as the region doubles down on producing affordable inventory. More than half of all available inventory in April 2024 was concentrated in Southern states, according to an analysis by Realtor.com. They also boasted the most new listings at…
“Million-Dollar Cities” took even more share in the U.S. as inventory keeps home prices moving up. There are 550 cities where the typical home value is $1 million or more, up from 491 last year, according to a new Zillow report. Home prices were depressed some last year as Americans adjusted to rising rates but…
By KIMBERLEY HAAS The CEO of a workflow automation company says she is trying to help the mortgage industry modernize by making it easy for servicers to adopt technology they can manage from the front end. Jane Mason is the founder of Clarifire in St. Petersburg, Florida. The company uses a Software-as-a-Service model to reduce…
Americans are aware of the risks to coastal communities posed by climate change but keep flocking there anyway, proving lifestyle outweighs the future value of their homes — for now. In a survey of 2,000 consumers, 51% of homeowners said they are worried about how increasing global temperatures will impact their homes. Though drought and…
By CHUCK GREEN In upcoming decades, U.S. homeowners in areas along coastlines could be up the proverbial creek. Sea level rise, along with changing storm patterns, could result in flooding that severely damages homes in many coastal areas. Especially vulnerable, according to estimates, are the Gulf of Mexico, Florida, the Carolinas, and the Washington, DC,…
Location influenced interstate migration after the pandemic, but price moved people the most. According to a new report from LendingTree, the states that netted the most new residents from 2021 to 2022 were cheaper Southern states. Florida and Texas led the pack, netting 249,000 and 174,000 new residents, respectively. “Florida is an often affordable state…
By KIMBERLEY HAAS Distressed homeowners who get behind on their mortgage bills are avoiding foreclosure. The Mortgage Bankers Association’s National Delinquency Survey was released last week and it showed that delinquencies increased in the third quarter to a rate of 3.62%, up 25 basis points from the second quarter and 17 basis points from a…
Guaranteed Rate Insurance has developed a solution for homebuyers in high-flood risk areas, the company announced in a press release. Its new private flood insurance API connection allows agents to provide flood quotes in all zones from multiple providers, directly through its CRM platform. Agents need only confirm property details and coverages/deductibles, with the binding…
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