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
Don’t overpay for your car and home insurance If you own a car and a house, you’re already paying for two separate insurance policies — likely with two different companies. Those premiums can add up quickly. Luckily, there’s a simple way to cut down on insurance costs. By bundling your car and home insurance with … Read more
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
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
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
Even with another annual surge of over 20%, the pace of home-price growth eased in May and experts anticipate even further moderation over the next year. Home prices rose by 20.2% year over year in May, slowing from a pace of 20.9% one month earlier, according to CoreLogic’s Home Price Index, which is based on … Read more
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, 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
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
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