Hurricane Lane is spiraling through Hawaii, with some areas of the Big Island already reporting more than two feet of rain as of early Friday. About 48,617 homes in Hawaii may be at extreme or very high risk of hurricane-driven flood damage from the hurricane, with a total reconstruction cost value of about $8 billion, according to a report from CoreLogic, a real estate data firm.The Category 3 storm hit Hawaii’s Big Island on Friday morning. O
Facebook is removing thousands of targeting options from its advertising platform after the Department of Housing and Urban Development accused the social media giant of discriminatory practices with its housing ads.HUD filed a complaint last Friday against Facebook that claimed the social network’s advertising platform allowed users to discriminate against prospective renters and buyers by being able to limit who saw their ads based on the us
As young professionals head out on their own, where are some of the best places for them to call home? SmartAsset, a financial resource, analyzed several metrics—such as employment rates, median earnings, housing costs, and entertainment establishment density—to identify the best U.S. cities for professionals between the ages of 25 to 34.Sioux Falls, S.D., landed at the number-one spot in SmartAsset’s rankings this year. Besides a low unemp
Lots located next to power lines tend to sell for a whopping 45 percent less than similar lots further away from high-voltage transmission lines, according to a new study in the Journal of Real Estate Research. Lots that are non-adjacent to power lines but are located within 1,000 feet of them often sell at a discount of 18 percent, researchers Chris Mothorpe and David Wyman, the authors of the study, found.The study focused on the value of vaca
Existing-home sales slowed for the fourth consecutive month in July, reaching their most sluggish pace in more than two years, the National Association of REALTORS® reports. The West was the only major U.S. region to see an increase in sales last month.Total existing-home sales, which include completed transactions for single-family homes, townhomes, condos, and co-ops, fell 0.7 percent month over month to a seasonally adjusted annual rate of 5.
Compass, a fast-growing New York-based real estate firm, plans to buy Pacific Union International as it focuses on expanding in California, according to news reports. Compass plans to make a formal public announcement about the acquisition Thursday, the reports say.Pacific Union is the nation’s fifth-largest residential real estate firm based on transaction volume; Compass is the sixth, according to real estate news site REAL Trends. Combined,
Why are hospitals getting into the real estate business? Growing research has pointed to a link between living in areas of concentrated poverty and health. Hospitals are hoping by making a difference in how some residents in the community live, they’ll also be able to improve their health too.“It’s remarkably frustrating as a physician to see patients over and over and over again from these very high-risk communities,” Dr. Kelly Kelleher,
More foreclosures sprang up this summer across the country. Forty-four percent—or 96 of 219—metro areas saw foreclosures tick up in July compared to a year ago, according to a newly released report from ATTOM Data Solutions, a real estate data firm. This marks the first annual increase in foreclosure starts nationwide after three years of year-over-year declines each month.The report showed that 30,187 U.S. properties started the foreclosure
Fewer Americans are willing to uproot their lives to move for new job opportunities, suggests new census data.About 3.5 million Americans relocated for a new job last year, a 10 percent drop from 3.8 million in 2015. The number has been trending lower, despite the overall population increasing 20 percent over that time, The Wall Street Journal reports.Why are more people staying put? Experts told WSJ that some blame may rest on rebounding rea
The Department of Housing and Urban Development is accusing Facebook of violating the federal Fair Housing Act and allowing landlords and home sellers to use the social network’s advertising platform to engage in housing discrimination. A Facebook tool enabling advertisers to filter which users see housing-related ads based on race, color, religion, sex, familial status, national origin, disability, or ZIP code limits housing options for prot
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