Homeland Security says that Risk Rating 2.0 – a flood insurance system that prices policies by house rather than flood zone – needs more tweaking than expected. WASHINGTON – Department of Homeland Security Secretary Alejandro Mayorkas revealed at a congressional hearing last week that a new federal system for setting flood insurance premiums needs more … Read more
SEATTLE – Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for, according to a new report from Redfin. That’s comparable with February’s 14.5% rate – the highest since 2016. It’s also nearly triple the share of a year earlier and compares … Read more
Many homeowners still think standard property insurance covers flooding – it doesn’t – but some companies do offer credits or money for flood mitigation efforts. STATEPOINT, Wash. – Many people look forward to spring when the weather warms up and flowers start to bloom, but it also marks the start of the peak time of … Read more
Florida Realtors: Single-family sales fell 15% year-to-year, median price up 2.1% to $405K, inventory at a 2.7-months’ supply. 1Q 2023 housing data saw similar trend. ORLANDO, Fla. – Florida’s housing market in March and the first quarter (1Q) of 2023 had more for-sale inventory (active listings) and higher median sales prices compared to a year … Read more
It depends who you ask – and estimates vary widely. Five reliable sources, including realtor.com, say the housing shortfall ranges from 1.7M to 7.3M homes. NEW YORK – There are widely different estimates of the magnitude of the U.S. housing shortage. The National Low Income Housing Coalition says the United States has a shortage of … Read more
The Golden Isles Realtors Association told agents working just north of Fla. to double-check seller’s identities, noting that fake IDs have already been reported. BRUNSWICK, Ga. – Realtors in the Golden Isles may be asking sellers a few extra questions about their identities these days, but rest assured, those questions are to protect property owners … Read more
U.S. sales are “highly sensitive to changes in mortgage rates” says NAR Economist Yun. March inventory rose a meager 1% and prices were down 0.9%. WASHINGTON – U.S. existing-home sales edged lower in March, according to the National Association of Realtors® (NAR). Month-over-month sales declined in three out of four major U.S. regions included in … Read more
NAR: Warehouse, land and storefront demand rose since 2021 but resulted in fewer CRE purchases. Where legal, landlords report fewer addendums banning use. WASHINGTON – Realtors® are seeing a decline in commercial property purchases by marijuana industry-related businesses and a corresponding increase in leasing activity, according to a new study from the National Association of … Read more
WASHINGTON – For more than four months, Amina Thompson-Wright and her husband, Dannelle Wright, tried to buy a home in Southwest Philadelphia, where they had rented for a decade. But sellers kept rejecting their offers. So they switched their strategy. They started considering homes that needed work. “When you see something new and shiny, that’s … Read more
A study finds that several Fla. metros now “stand out for their extreme mismatches” between housing aid and asking rents, with Orlando the nation’s top “mismatch.” SEATTLE – During the first two years of the pandemic, the typical U.S. rent increased 18% while the value of housing vouchers rose only 7%. The vouchers also don’t … Read more
© 2025 Galleria International Realty
