The Real Estate Wire | NEWS

With over 12,300 structures lost to wildfires in Southern California, insured losses exceed $20 billion, highlighting the urgent need for effective recovery strategies and knowledge of insurance policies.

Only 9% of new homes are under 1,400 sq ft, down from 40% in 1982. Rising costs and restrictive zoning have fueled a decline, leaving first-time buyers struggling to enter the housing market.

The FHFA has raised the conforming loan limit for single-unit mortgages to $806,500 for 2025, reflecting a significant increase in U.S. home values over the past year.

As 2025 unfolds, homebuyers face a complex market with stabilizing interest rates, inventory shortages, and evolving technology shaping their journey. Affordability and supply constraints remain significant challenges.

In 2022-2023, the number of first-time homebuyers in England rose to 874,000, reflecting improved affordability and demographic shifts. Key statistics show changing buyer profiles, increasing deposit requirements, and regional mortgage variations.

In 2025, Texas real estate shows promise with stabilizing mortgage rates and growing inventories. Cities like El Paso and McAllen shine as burgeoning markets, even amidst affordability challenges.