Manhattan home prices hit a record while sales frenzy winds down

Manhattan home sales showed continued strength in the second quarter, though there are clear signs that fears of a recession are slowing down the market. Purchases of condos and co-ops closed at a median of $1.25 million, a record high, appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate said in a report Wednesday.  The 3,834 transactions — a … Read more

Home price growth in May decelerated at its fastest pace since 2006

The annualized price gain for homes in May fell more than a percentage point, marking the largest drop of this type since 2006, according to Black Knight’s latest Mortgage Monitor report. The 19.3% growth in home price appreciation from May 2021 to May 2022, from a revised 20.4% increase in home prices from April 2021 … Read more

Vacation home purchases in high disaster-risk areas up 45%

The number of vacation homes purchased in areas facing flood risks drastically increased the past two years, potentially creating higher insurance costs right as the housing market shows signs of cooling off. The number of second homes purchased between 2020 and 2021 that were susceptible to flooding rose by 44.8% compared to those acquired from … Read more

Tennessee First-Time Home Buyer | 2022 Programs and Grants

What to know about buying a house in Tennessee As a Tennessee first-time home buyer, you may be in line for valuable help from your state, county, or city. That could include home buyer education, special mortgage programs, and even down payment assistance. Ready to take your first step toward becoming a homeowner? Here’s what … Read more

Utah First-Time Home Buyer | 2022 Programs and Grants

What to know about buying a house in Utah Buying your first house can feel like a challenge. But there’s plenty of help available. The Beehive State has a wealth of advice, counseling, and educational courses for first-time buyers. Utah also offers special mortgage programs for new home buyers. And, best of all, you might … Read more

Opteon acquires its third U.S. home appraisal management firm

Opteon, an international property valuation firm, has completed its fourth transaction in the last year with the acquisition of Buffalo, New York-based Northeastern Appraisal Associates Residential, an appraisal management company and staff appraisal firm. Terms of the deal were not disclosed. “With the market rapidly changing in recent years, we must remain at the forefront … Read more

Proposed NSW home building insurance scheme reforms released – Daily – Insurance News

NSW has opened consultation on a list of 15 proposals to improve the state’s home building compensation (HBC) insurance scheme, which is compulsory for principal contractors in the residential construction industry for works exceeding $20,000. Key reform measures being considered include updating the minimum insurance cover from $340,000 to a higher figure, extending the scheme … Read more

NIA to probe killing of chemist in Amravati: Home Ministry spokesperson

The Union Home Ministry on Saturday handed over to the National Investigation Agency (NIA) the investigation into the killing of a chemist in Amravati in Maharashtra, a spokesperson said. The spokesperson tweeted that the NIA would probe the conspiracy behind the killing of the chemist, Umesh Kolhe, who was … Read more