Tourist Bookings to Hawaii Down 50 Percent Since Maui Wildfires
According to AAA, two months following the devastating wildfires in Maui, most of West Maui will begin to reopen to visitors on Sunday, October 8, 2023. The tragic wildfires killed 97 people and destroyed much of the historic town of Lahaina. The loss of life, property, cultural and historic sights, and livelihoods has led to…
Greater Las Vegas Home Sales Down 10 Percent Annually in September
Yet home and condo prices hold steady last month Las Vegas Realtors are reporting this week that prices for local Southern Nevada homes and condos are holding steady, matching prices from one year ago. LVR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during September…
Most U.S. Homebuyers Say Buying a Home is More Stressful Than Dating in 2023
According to a new Redfin-commissioned survey, nearly two-thirds of recent U.S. homebuyers (59%) think purchasing a house is more stressful than dating. Daryl Fairweather “Getting ghosted by your date is stressful, but purchasing a home in today’s market comes with its own unique set of anxieties,” said Redfin Chief Economist Daryl Fairweather. “Buyers are increasingly…
Mortgage Applications Dive 6 Percent Last Week in America
According to the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey for the week ending September 29, 2023, U.S. mortgage applications decreased 6.0 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis,…
Despite Peak Interest Rates, Global Housing Markets Improved in Q2
According to Knight Frank’s latest Global House Price Index, global house price growth ticked up to 3% in Q2 of 2023, up from 2.9% in the previous quarter. About a third of markets saw prices decline during the most recent three months, narrowing from four in ten over the past year. Liam Bailey Liam Bailey,…