CMA closes investigation into Barratt’s sale of leasehold homes

The Competition and Markets Authority (CMA) has closed its investigation into Barratt Homes in relation to the sale of leasehold homes. The CMA says it has now “closed its case” and concluded it was “insufficient to support a clear legal case for the CMA to secure collective redress for Barratt leaseholders under its consumer law … Read more

Cause Sought for Indiana House Explosion That Killed 3, Damaged 39 Homes

Authorities worked Thursday to determine the cause of a house explosion in a southern Indiana neighborhood that killed three people and left another person hospitalized. The explosion Wednesday afternoon in Evansville damaged 39 homes and crews had not yet completed thorough searches of all of them due to instability of the structures, Fire Chief Mike … Read more

People from 11 MP villages asked to vacate homes as seepage from dam rises

Authorities in Dhar district of Madhya Pradesh have directed people residing in 11 villages to immediately vacate their houses and move to safety after it was found that the seepage of water from an under-construction dam has increased. An alert had been sounded in these villages on Thursday after water seepage was … Read more

Previously Flooded Carolina Homes Pose Risk to Buyers

New You can now listen to Insurance Journal articles! A new Natural Resources Defense Council report exposes potential hidden costs associated with purchasing a single-family home with a flood history in North Carolina. According to the report, “Estimating Undisclosed Flood Risk in Real Estate Transactions,” these costs can add up to more than $36,000 over … Read more

Per-square-foot price of homes reaches new heights

Memphis, Tenn. ($92)  Cleveland, Ohio ($103)  Pittsburgh, Pa. ($134)  Indianapolis, Ind. (134)  Buffalo, NY ($139)  Home Bay additionally found that Memphis—while also recording the lowest price per square foot—had the biggest houses nationwide with a square footage of 2,630. The median square footage of a newly built single-family home … Read more

Almost half of mortgaged homes in U.S. now considered equity-rich

Home ownership has reached a milestone in the U.S. Nearly half of mortgaged properties were considered equity-rich in the second quarter — meaning owners had at least 50% in home equity. This marked the ninth straight quarterly rise, fueled by soaring house valuations in the pandemic era and an increase in down payments by recent … Read more

New Zealand Climate Plan Includes Relocating Some Homes

WELLINGTON, New Zealand (AP) — New Zealand’s government on Wednesday released its first-ever climate adaptation plan, which includes the possibility of moving some communities to higher ground. But the six-year plan, which runs nearly 200 pages, comes up short on some important details, including how much the changes will cost and who will pay. Climate … Read more

Kentucky Braces for Heat After 4,300 Homes Damaged and 37 Killed in Floods

New You can now listen to Insurance Journal articles! The rain that unleashed massive floods in Appalachian mountain communities diminished on Tuesday, leaving survivors to face a new threat: baking in the heat as they try to recover. “It’s going to get really, really hot. And that is now our new weather challenge,” Kentucky Gov. … Read more

Cancelled listings, turning homes into rentals more common as housing market cools

Breadcrumb Trail Links PMN Real Estate PMN Business Author of the article: The Canadian Press Tara Deschamps Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022.THE CANADIAN PRESS/Jeff McIntosh Photo by Jeff McIntosh /The Canadian Press Article content TORONTO — When Shannon Tebb listed her downtown Toronto loft for sale … Read more

SSC scam: Arpita Mukherjee informs ED of Belgharia home’s duplicate keys

Arpita Mukherjee, the close aide of Partha Chatterjee tainted in connection to the multi- crore West Bengal School Service Commission (WBSSC) recruitment scam, has informed the Enforcement Directorate (ED) that her residence at Belgharia in the northern outskirts of Kolkata had multiple duplicate keys and hence accessed by many others in her absence. … Read more