Tallahassee Real Estate News
Tallahassee
More Americans Opting for Renting Over Homeownership in 2024
According to new research by CBRE, the rising cost of homeownership is prompting more Americans to opt for renting. On average, monthly mortgage payments for new homes are currently 35% higher than apartment rents, creating a significant affordability gap.
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.
U.S. Mortgage Delinquencies Continue to Rise in September
Based on CoreLogic's latest Loan Performance Insights Report for September 2024, approximately 3 percent of all U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), up 0.2% year over year from September 2023.
25,000 Florida Homes at Risk of Storm Surge Damage from Hurricane Helene
As Hurricane Helene nears Florida's Gulf Coast, property data firm CoreLogic estimates approximately 25,000 homes are at risk of flooding due to storm surge.
