Study: Flooding threatens almost 400,000 U.S. homes



Some 386,000 U.S. homes today are likely to be at risk of regular flooding by 2050 because of sea-level rise from climate change, under a scenario of unchecked greenhouse gas emissions, according to a new study by Zillow and Climate Central. What’s more, America’s coastal communities have recently built thousands of new homes in these […]

The top 3 most and least affordable metro areas in the U.S.



Mortgage rates comparison website HSH.com has just published a new analysis showing the required annual salary needed to afford a median priced home in the nation’s top 50 metro areas. There’s good news for anyone living in Pittsburgh, Oklahoma City and Cleveland, which were rated as the top three cheapest metro areas for those looking […]

Hundreds of homes destroyed in worst-ever California wildfires



Some 42 people are confirmed killed, with more than 200 missing as three wildfires swept through California this week, razing hundreds of homes to the ground. The death toll is said to be a grim new record in the Golden State, beating the 31 victims who died during the 1933 Griffith Park disaster in Los […]

Federal Reserve opts not to raise interest rates in November meeting



The Federal Reserve says it won’t be raising interest rates following its November meeting. The meeting of the Federal Open Market Committee took place last week, before the announcement Thursday that it will not raise the federal funds rate. The committee said it has decided to maintain its target range of between 2 and 2.25 […]

Amazon’s imminent HQ2 announcement sparks ‘frenzy’ among property buyers



Reports that Amazon has narrowed down the choice of potential cities to host its second headquarters to just three have led to “property frenzies”, as investors look to cash in what they assume would be skyrocketing real estate prices once the decision is officially announced. Last week it was reported that Amazon will pick two […]

Here’s how long it takes for your credit to recover after buying a home



It takes around 11 months for a consumer’s credit score to recover after purchasing a home, a new study by online loan marketplace LendingTree has found. When a consumer buys a home, their credit score drops by an average of 15 points, but only after 160 days, or just over five months. That’s because it […]

How digital assistants are easing real estate transactions



Digital assistants such as Amazon Alexa and Google Assistant are increasingly finding use cases in the real estate industry. Not only are they used to search for homes for sale, but they can also help to perform tasks like transferring money. Now, some property managers want to even further and let tenants pay their rent […]

Wells Fargo admits it wrongly foreclosed on over 500 homeowners



Wells Fargo has admitted that a calculation error led to it foreclosing on hundreds of homeowners that were actually eligible for assistance from the bank. In total, some 545 homeowners who were behind on their mortgages had their homes taken from them after requesting assistance with their late payments. Moreover, a total of 870 homeowners […]

Many housing markets haven’t bounced back from the last major crash



In the decade since the housing bust, median home values have more than recovered in most of the nation’s largest markets. But within nearly all those major markets there remains inequity — neighborhoods that were hit hardest by the crisis continue to bear an outsized burden even through the recovery. A new Zillow report shows […]

Amazon’s new headquarters may end up in two different cities



Amazon.com Inc.’s hunt for a city to host its second headquarters is nearing its end, and rumor has it the company will end up choosing two locations instead of one, according to the Wall Street Journal. The idea now is that Amazon will split its proposed workforce (and therefore the promised economic benefits) between two […]

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