Naples Real Estate News
Naples
Older Americans More Likely to Buy Disaster-Prone Homes
According to a new Redfin report, older Americans are more likely to buy homes in areas with significant climate risk compared to younger Americans.
Almost 33 Million U.S. Homes at Risk of Potential Hurricane Damage in 2024
Based on CoreLogic's recently released 2024 Hurricane Risk Report, over 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage from hurricane-force winds. The total reconstruction cost for these properties is estimated at $10.8 trillion.
Biden Has a Housing Problem Which Hurts His 2024 Re-Election Bid
National property broker Redfin says there are new signs pointing to a shift toward a buyer's market in 2024, as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale.
Driven by High Rates, U.S. Buyers Must Earn $115,000 to Buy a Typical Home in 2023
According to Redfin, a homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic. That's the highest annual income necessary to afford a home on record.
