The National Flood Insurance Program (NFIP) is set to expire on September 30, and this could have serious implications for those in the real estate market. The NFIP is a government-sponsored public insurance program that provides flood insurance coverage in the US. Without authorization from Congress, the NFIP will not be able to issue new
Real Estate
In recent years, top homebuilders like D.R. Horton and Lennar have seen their shareholder returns surpass the performance of the wider S&P 500. However, analysts have recently downgraded the investment outlook for these companies, raising concerns about their future growth potential. Despite this, some investors remain optimistic about the industry’s prospects for performance in the
The housing market showed signs of improvement in July 2024, with closed sales of previously owned homes increasing by 1.3% compared to the previous month. This was the first gain in five months, indicating a potential turnaround in the market. However, despite this uptick, sales were 2.5% lower than the same period last year, highlighting
The concept of homeownership has long been synonymous with the American Dream, representing stability, wealth accumulation, and community investment. However, for many Americans, particularly younger generations and first-time homebuyers, this dream is becoming increasingly out of reach. Factors such as rising home prices, stagnant wages, and stringent mortgage requirements have created significant barriers to entry
Recently, the Bank of England made its first interest rate cut in four years, which had a significant impact on the mortgage rates offered by some of the biggest high street lenders in the UK. This move has sparked a boom in homebuyer activity and is changing the landscape of the housing market. Following the
Lowe’s, the home improvement retailer, recently reported earnings that beat expectations but fell short on revenues. Additionally, the company lowered its full-year outlook, causing some concern among investors. Despite an initial uptick in share price, Lowe’s eventually turned negative. Jim Cramer pointed out that the stock’s performance may be influenced by market sentiment ahead of
Affordable housing has long been a topic of discussion in the United States, especially when it comes to economic growth and opportunity. Vice President Kamala Harris recently outlined a plan that focuses on making owning and renting homes more affordable in the country. Harris emphasized the need to increase the supply of housing units by