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Last week, a $650,000 beachfront home in North Carolina’s Outer Banks collapsed—the sixth such incident in the region in the past four years. That’s putting a new focus on the climate ...
Home-price growth increased in September 2024 by 3.9 percent, according to S&P CoreLogic’s latest Case-Shiller Index, marking a 16th consecutive all-time high after accounting for seasonality.
Redfin, a Seattle, Washington-based real estate giant, forecasts average 30-year fixed mortgage rates will remain in the high 6% range over the duration of 2025. Online real estate marketplace ...
Estimated median income loss or gain per person by 2050 due to climate change, compared to a scenario with no climate impacts (red colour indicates a loss, blue colour a gain). [1] An economic analysis of climate change uses economic tools and models to calculate the magnitude and distribution of damages caused by climate change.
Housing prices have been on fire lately, culminating in historic highs — September’s median of $404,500 is the highest September price ever recorded by NAR. So will home prices drop before ...
The reason we’ll see home prices drop is that listings are set to increase, according to Redfin’s prediction, largely due to the fact that the so-called lock-in effect will ease next year.
The biggest year over year drop in median home prices since 1970 occurred in April 2007. Median prices for new homes fell 10.9 percent according to the U.S. Department of Commerce. [49] Others speculated on the negative impact of the retirement of the Baby Boom generation and the relative cost to rent on the declining housing market.
Some experts predict that we are approaching a "silver tsunami" in the real estate market. "The 'silver tsunami' is the idea that baby boomers will soon be selling their homes en masse," said Jenna...