The WPJ

Top Residential Real Estate News

U.S. Home Buyers Continue to Flock to Climate Risky Areas

According to Redfin, U.S. homebuyers have paid a premium for high-fire-risk and high-flood-risk homes during and after the pandemic. This comes as more people have moved into than out of climate-risky areas in recent years, in part because they can often get more bang for their buck and gain better access to nature.

U.S. Mortgage Applications Uptick in Late July

According to the latest Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending July 29, 2022, U.S. mortgage applications increased 1.2 percent from one week earlier.

Greater Fort Lauderdale Area Home Sales Dive 20 Percent in June

According to the Miami Association of Realtors, Broward County Florida single-family home sales decreased 20.1% in June 2022, from 1,803 to 1,440. Broward condo transactions decreased in June by 25%, from 2,318 to 1,738.

U.S. Home Sale Profit Margins Hit Another Record High in 2022

Based on ATTOM's newly released second-quarter 2022 U.S. Home Sales Report, profit margins on median-priced single-family home and condo sales across the United States hit another new record of 55.5 percent following the largest quarterly gain in a decade.

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