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Nearly 48K Homes at High Risk in California Fires
National Mortgage Professional, Nov. 13, 2018--Phil HallA new data analysis from CoreLogic determined 48,390 homes with a total reconstruction cost value of $18 billion are at high or extreme risk of wildfire damage from ongoing fires in California.
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Are Consumers Fed Up with the Housing Market for the Wrong Reasons?
National Mortgage News, Nov. 13, 2018--Elina Tarkazikis (subscription)About 70% of consumers blame house flippers and speculative investors for pushing up home prices, while 66% say wealthy residents moving in from costly markets have increased housing costs to unsustainable levels, according to ValueInsured's 4Q Modern Homebuyer Survey.
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Amazon Breathes Life into HQ2 Housing Markets
HousingWire, Nov. 13, 2018--Alcynna LloydOn Tuesday, Amazon finally announced it selected Long Island City, N.Y., and Crystal City in Arlington County, Va., as the split locations for its HQ2, and data suggests that the real estate markets in these areas saw a surge of interest when speculation of their selection first arose last week.
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Rich Investors Eye Tax-Favored Development Funds
Wall Street Journal, Nov. 14, 2018--Richard Rubin, Ruth Simon (subscription)Wealthy investors, fund managers and real-estate developers are racing to take advantage of a tax incentive meant to spur economic growth in neglected areas.
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Amrock Levies Blockbuster Claims Against HouseCanary, Wants $740 Million Verdict Overturned
HousingWire, Nov. 13, 2018--Ben LaneAmrock now claims it has affidavits from three whistleblowers who state HouseCanary's entire case was based on fraud and that HouseCanary CEO Jeremy Sicklick conspired with the Amrock executive in charge of the initial negotiations between the companies to willfully misrepresent the capabilities of HouseCanary's products.
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California’s Wildfire Epidemic Is Blamed on Bad Building Decisions
Bloomberg, Nov. 14, 2018--Christopher FlavelleCalifornia's deadly wildfires have a straightforward solution, experts say: stop building homes in places that are likely to burn--and make homes that already exist in those areas a whole lot tougher.
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