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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

Many soon-to-be retirees are planning on selling their homes to fund their retirement and move into something smaller for their later years. They are counting on someone to buy their home at a fair price when they retire. Demographers estimate that by 2050, the U.S. population will become majority-minority.

Legal 397
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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

According to an analysis using CoreLogic’s Climate Risk Analytics: Composite Risk Score (CRA) , Florida’s Miami-Dade County is forecast to have the highest climate change-related risk in the United States, with estimated annual losses of $988 million per year through 2050.

Insurance 370
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Should you update your gas stove?

Berkshire Hathaway

Resell Value. Some believe that gas appliances increase your home value while others argue electric appliances do. In some states, they are beginning to ban natural gas in most new buildings and the cost of building homes with electric appliances is becoming cheaper than building with gas.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

A climate-risk assessment published by the Risky Business Project estimated that between $66B and $160B worth of real estate will be below sea level by 2050. SmartAsset used three metrics – home value growth, income growth and housing demand – to reach its findings. >> Returning to work will come with a price.

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Time for a makeover: Trade groups want a revamp of the major flood insurance program

Housing Wire

This research is mostly in line with a 2016 report from Freddie Mac , which predicts $160 billion of the housing market will drop below sea level by 2050 — and $238 billion by 2100. Prior to the hurricane, property values in the region were rising “significantly faster than the national median.”

Insurance 370