...2018, and the California Wildfires of 2019,” the report says. After hurricanes and storms, wildfires accounted for 23% of displacements and 26% are attributed to floods in a one-year period....
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1.55M Homes Impacted by Hurricane Hillary After Landfall
Hurricane Hillary, now a post-tropical storm, was record breaking in more than one way. First, tropical storm warnings were issued for Southern California—along with the greater Los Angeles area—a first...
Read More »Nearly 70% of Borrowers in Forbearance Cite Pandemic-Related Hardships
...and modification effective date. “Given the recent natural disasters impacting California, Washington, and Hawaii, forbearance is one way for mortgage servicers to mitigate the potential impacts on homeowners,” said Walsh....
Read More »What Homebuyers Need to Know About Relocating to a High-Risk Area
...is moving to the areas with the most concern about climate change and its impacts. The people in this group are all renters who are concentrated in California and face...
Read More »New Homes Make Up Near-Record Share of Housing Inventory
...CA (3.7%), and Detroit (3.8%). New construction tends to be relatively uncommon in California because of limited land and strict regulations. Metros with the biggest upticks in newly built homes:...
Read More »Real Estate Market Hits All-Time High, Now Valued at $47T
...10 are San Jose, California, Phoenix, Oxnard, California, Las Vegas, and Sacramento, California. The pricey West Coast markets have experienced outsized declines because they were among the first to be...
Read More »Eight Percent of Homes Nationwide are Worth $1M+
...the last year in Seattle, the biggest decline of the metros in this analysis. It’s followed by Oakland, California (55.1% to 49%) and Oxnard, California (40.2% to 34.5%). Los Angeles,...
Read More »Foreclosure Filings Up 5% Year-Over-Year in July
...REOs in July 2023 included: Illinois (355 REOs) Pennsylvania (230 REOs) California (217 REOs) Michigan (200 REOs) Texas (200 REOs) Those major MSAs with a population greater than one million...
Read More »Don’t Take the First Offer: Homebuyers Still Benefit From Shopping Around
...their loans by shopping around for a mortgage. This breaks down to an average savings of $2,810 a year and $234 a month. San Jose, California., San Francisco and Los...
Read More »Wildfires, Property Values, and San Diego
...are not in wildfire prone areas. It’s no secret that California’s wildfire propensity has increased in severity over the past decade, somewhat in part due to global warming with the...
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