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Hurricane Helene has exposed $96B in RMBS loans to delinquency

Housing Wire

As of this week, the death toll has surpassed 230 and thousands of homes, many without flood insurance , have been destroyed. Insurance and inventory An alarming statistic is that most homeowners in these areas are not insured by the private insurance market or by the National Flood Insurance Program (NFIP).

Insurance 375
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Home sellers are returning to the market

Housing Wire

The weekly volume of new listings is now higher than at anytime last year. In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. The opposite trend is happening in New York , which has the fewest available homes per capita right now.

Sellers 508
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Inventory growth is slowing. Are sellers backing off?

Housing Wire

New listings unchanged You can see the continuation of that theme with the new listings volume each week. There were 72,000 new single-family listings unsold this week. You have elements like property taxes and insurance costs that are way up, so you have a lot more sellers.

Inventory 455
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Eight states now have more unsold inventory than in 2019. Here’s why.

Housing Wire

That means currently just over 700,000 single-family homes are unsold, with about 10% of those going into contract each week, and another 75,000 new listings. Florida homeowners have the tax costs and also have sharply rising insurance costs — especially after Hurricane Ian. We sell more, that adds to inventory.

Inventory 482
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Indiana markets are indicative of the Midwest regional housing boom

Housing Wire

Realtors in the area say that buyers who were trying to wait out the high rate environment are choosing to accept that current rates are simply the new normal. That’s led to a rise in new listings in Indianapolis as more homeowners are putting their houses on the market. Property taxes are about the same.

Marketing 448
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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

For buyers, you may want to link to new listings that fit their must-haves. Use snippets from your longer content (like blogs) for your newsletter and include links to direct your audience back to your website. You can do the same with your social media channels.

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

This has resulted in major ownership costs on a typical home consuming 25% of the average national wage of $65,546, still within the 28% standard lenders prefer for homeowner expenditures (mortgage, home insurance and property taxes). >> Seattle metro experienced the greatest inflationary pressure than any major U.S.

Buyers 36