Home insurance premiums rising faster than inflation

If your home insurance policy is up for renewal, prepare to be shocked. That’s because rates are rising rapidly in many parts of the country due to what insurers say is increased risk from climate change. While homeowners’ insurance premiums are up by 4% on average, they have in fact increased by 11.4% since 2017, […]

Housing providers urged to be cautious when applying criminal background checks

With multiple housing providers facing lawsuits over their alleged misuse of criminal histories in housing decisions, the National Association of Realtors has come up with a few best practices for agents who insist on using them. The tips, presented in a recent “Window to the Law” video, aim to prevent agents and housing providers from […]

Urban Institute calls for rental payment history to be used in mortgage underwriting

A new report has argued that rent, utilities and telecommunications payment data should be used in mortgage underwriting to improve racial equality and help more people from minorities to become homeowners. The report by Michael Stegman, a non-resident fellow at the Urban Institute and former senior policy advisor in the Obama-era White House, and Kelly […]

Tips to prevent winter property damage

Homeowners need to take extra steps to protect their homes during the colder months, as the ice, wind and rain can wreak havoc at winter time. Leaf Home, a home solutions provider, recently offered the following winter checklist for homeowners to protect their properties against seasonal damage. It turns out that winter protection all starts […]

New home sales declined in November amid rising prices

Sales of new homes fell by 14% in November, well below expectations, due to rising prices that analysts say are forcing many prospective buyers out of the picture. The report from the U.S. Census Bureau said that while sales fell in November, the median price of newly built homes rose by 19% from the same […]

The multifamily sector enters the ‘golden age’… For landlords, at least

The multifamily housing sector has enjoyed an unprecedented boom in 2021, with a new report from real estate firm Walker & Dunlop proclaiming this year is the “golden age for multifamily”. It’s likely to continue. High rents in the apartment sector are expected to continue making gains in the new year as demand remains strong. […]

DOJ & CFPB warn against illegal evictions of military vets

The Justice Department and the Consumer Financial Protection Bureau have teamed up to warn mortgage servicers and housing providers that they’re unable to lawfully evict military and veteran families without a court order. The warnings come at a time when many are leaving pandemic-related forbearance plans or moratoriums. Service members and veterans both enjoy extra […]

San Francisco home sold for $1M above list price

The San Francisco Bay area’s housing market remains ultra-competitive even as sales show signs of slowing down in other parts of the country. Recently, a four-bedroom, 2,400 square-foot and newly remodeled home sold for $3.5 million, more than 40% above its initial asking price of $2.5 million. The home was on the market for just […]

Grand jury issues recommendations to prevent another condo collapse

A Miami-Dade grand jury has released a series of recommendations through a 43-page report in order to try and prevent another Surfside condo-style collapse. The disaster claimed the lives of 98 residents on June 24 this year when a portion of the Champlain Towers South condominium building in Surfside, Fla., collapsed in the middle of […]

Home builder confidence rises on unseasonably strong demand

Home builders are feeling increasingly confident as they head into the new year thanks to seasonally strong demand in what is usually a much slower time of the year. Builder sentiment in the single-family housing market rose by a single point to 84 in December, according to the National Association of Home Builders/Wells Fargo Housing […]

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