According to national property broker Redfin, twenty-nine percent of U.S. single-family homes for sale in the third quarter of 2022 were new construction - the highest share of any third quarter on record.
Based on new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending October 21, 2022, U.S. mortgage applications decreased 1.7 percent from one week earlier.
According to national property broker Redfin, pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16, 2022, in the aftermath of Hurricane Ian. That's nearly twice the nationwide decline of 32%.
Based on new research by CoreLogic, more than 22,282 pending mortgage transactions currently in progress in Florida's 20 affected counties are in jeopardy from storm surge and flooding caused by the recent hurricane, Ian. Nearly 14,000 are purchase transactions where the state's average home sales price is $452,000 (as of June 2022).
According to new data analysis by CoreLogic, total flood and wind losses are between $41 billion and $70 billion. This estimate includes wind loss, re-evaluated insured and uninsured storm surge loss and newly calculated inland flood loss for residential and commercial properties.
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