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☆ 20 metro areas expected to see the fastest-appreciating real estate in 2024 and 5 most at risk of declining. Plus, what will happen to mortgage rates, according to a property data firm.
▼ + stars: | 2024-01-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Tight inventory, combined with pent-up demand, kept prices in an uptrend last year despite 23-year-high mortgage rates, according to Selma Hepp, CoreLogic's chief economist. AdvertisementCooling mortgage rates and newly built homes will help bring more houses on the market but won't create enough inventory to outpace demand, wrote Hepp. She isn't expecting much change to mortgage rates but said that they will likely be slightly higher from January to February, in line with historical trends that precede the busy spring sales season. If inflation remains tamed and trending downward, and the Federal Reserve begins cutting rates as a response, declining mortgage rates would follow, she added in an email to Business Insider. Metro area Forecasted YOY % change Redding CA Metropolitan Statistical Area 7.30% Santa Maria-Santa Barbara CA Metropolitan Statistical Area 6.81% Bremerton-Silverdale WA Metropolitan Statistical Area 6.51% Coeur d'Alene ID Metropolitan Statistical Area 6.49% Fairbanks AK Metropolitan Statistical Area 6.38% Santa Rosa CA Metropolitan Statistical Area 6.37% Corvallis OR Metropolitan Statistical Area 6.36% Merced CA Metropolitan Statistical Area 6.32% Bend-Redmond OR Metropolitan Statistical Area 6.29% Mount Vernon-Anacortes WA Metropolitan Statistical Area 6.20% Grand Junction CO Metropolitan Statistical Area 6.09% Longview WA Metropolitan Statistical Area 6.07% Pocatello ID Metropolitan Statistical Area 6.00% Casper WY Metropolitan Statistical Area 5.99% Walla Walla WA Metropolitan Statistical Area 5.88% Lewiston ID-WA Metropolitan Statistical Area 5.87% Santa Cruz-Watsonville CA Metropolitan Statistical Area 5.81% Prescott AZ Metropolitan Statistical Area 5.70% Lakeland-Winter Haven FL Metropolitan Statistical Area 5.67% Kahului-Wailuku-Lahaina HI Metropolitan Statistical Area 5.63%The list below is CoreLogic's forecast for the five metro areas that are at the highest risk of price declines.

Persons: —, Selma Hepp, it's, Hepp, isn't Organizations: Service, Business, Federal Reserve, Redding, Santa Barbara, Metropolitan, Silverdale WA Metropolitan, Coeur, Fairbanks AK Metropolitan Statistical, Santa, Corvallis, Longview, Longview WA Metropolitan, Casper, Casper WY Metropolitan, Walla Walla WA Metropolitan, Lewiston, Prescott, Prescott AZ Metropolitan, Lakeland Locations: Metro, Maria, Santa, Bremerton, Silverdale WA, Coeur d'Alene, Santa Rosa, Merced CA, Redmond, Vernon, Anacortes WA, Longview WA, Pocatello, Casper WY, Walla Walla WA, Santa Cruz, Watsonville CA, Prescott AZ, Haven, Lahaina HI

☆ Hope is tested as search drags on for people missing in Maui fires
▼ + stars: | 2023-08-21 | by ( Jonathan Allen | ) www.reuters.com time to read: +4 min

[1/4] A view of a 'MISSING' flier featuring a photo of Joseph Lara, 86, who is missing since the Maui Fire raged through Lahaina, in Hawaii, U.S., August 20, 2023. Laborte asked at a volunteer-run aid distribution site in a park near Lahaina, which lies in blackened ruins. Hawaiian authorities have confirmed that the Aug. 8 fires killed at least 114 people on the island. So had another person listed on the whiteboard: Toni Molina, whom Hiraga had known since childhood. "He's about 86," said Laborte, who had flown in from Oʻahu to join relatives in the search for Lara.

Persons: Joseph Lara, Liliana Salgado, Tim Laborte, Laborte, Leslie Hiraga, Toni Molina, Hiraga, Molina, Lara, Jonathan Allen, Colleen Jenkins, Clarence Fernandez Organizations: REUTERS, Thomson Locations: Maui, Lahaina, Hawaii, U.S, HONOKOWAI, Napili, Lara, Oʻahu

☆ Maui wildfires: Crews still working to identify 93 victims found so far in deadliest US fire in over a century
▼ + stars: | 2023-08-13 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +14 min

Matthew Thayer/The Maui News/AP Volunteers unload supplies from trucks before loading them onto boats for people in need at Kihei Ramp in Maui, Hawaii, on Saturday, August 12. Rick Bowmer/AP Grace Hurt, right, embraces someone while loading supplies for those in need at Kihei Ramp in Maui, Hawaii, on Saturday. Hawaii Department of Land and Natural Resources/AP Burnt boats sit in waters off of Lahaina, Hawaii, on Friday. Justin Sullivan/Getty Images In an aerial view, search and rescue crews walk through a neighborhood, continuing to search for missing people in Lahaina, Hawaii, on Friday. Phonoxaylinkham, his wife, and their five children were caught in the Lahaina wildfires and survived by exiting their car and spending four hours in the ocean as the west Maui wildfires raged around them.

Persons: Josh Green, “ It’s, Dora, We’ve, ” Green, ”, John Pelletier, Deanne Criswell, Green, Brad Ventura, Kihei –, •, Anne Lopez, ” Lopez, Matthew Thayer, Evelio Contreras, Rick Bowmer, Grace Hurt, Hurt, Justin Sullivan, Mike Blake, Zoltan Balogh, Zeran Harris, Robert Gauthier, Mengshin Lin, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Patrick T, Fallon, Dustin Johnson, “, who’ve, Ilihia Gionson, Gionson, –, Steven, Giulietta Daiker, ” Steven, ” Giulietta, “ We’re, Richard Bissen Jr Organizations: CNN, National Fire Protection Association, ”, Federal Emergency Management Agency, Maui Police, FEMA, Maui County Fire, • Cell, Maui News, AP Volunteers, Hawaii Department of Land, Natural Resources, Reuters, . Hawaii Department of Land, Los Angeles Times, AP, Washington Post, Fire Department, Kahului, Technologies, AP Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Getty, National Guard, Department of Health, Human Services, Pacific Whale Foundation, Ritz, Carlton, Hawaii Department, Transportation, Saturday, Volunteers, Hawaii Tourism Authority, Lahaina Residents Locations: Maui, ” Hawaii, Maui County, Lahaina, Kihei, Upcountry, Hawaii, Church, Lahaina Hongwanji, Lahaina , Hawaii, Wailuku, Kula, Waiola, Kula , Hawaii, Maalaea, Kahului, California, Las Vegas, AFP, Kapalua, Lahaina –, Hawaiian

☆ Maui wildfires: Firefighting crews make progress against wildfires that killed at least 80 people, but flare-ups continue
▼ + stars: | 2023-08-12 | by ( Aya Elamroussi | ) edition.cnn.com time to read: +11 min

People in Kaanapali were evacuating Friday night after spotting a fire in the neighborhood, which is about 4 miles north of hard-hit Lahaina, Maui police said. The hall of the historic Waiola Church and the nearby Lahaina Hongwanji Mission are engulfed in flames in Lahaina, Hawaii, on Tuesday, August 8. Hawaii Department of Land and Natural Resources/AP Burnt boats sit in waters off of Lahaina, Hawaii, on Friday. Justin Sullivan/Getty Images In an aerial view, search and rescue crews walk through a neighborhood, continuing to search for missing people in Lahaina, Hawaii, on Friday. Phonoxaylinkham, his wife, and their five children were caught in the Lahaina wildfires and survived by exiting their car and spending four hours in the ocean as the west Maui wildfires raged around them.

Persons: Dora, Kihei –, Rick Bowmer, Richard Bissen, Josh Green, ”, Deanne Criswell, It’s, Anne Lopez, ” Lopez, Matthew Thayer, Mike Blake, Justin Sullivan, Zoltan Balogh, Zeran Harris, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Patrick T, Fallon, Dustin Johnson, it’s, ” Steve Dolan, “, anything’s, what’s Organizations: CNN — Firefighters, Hawaii Gov, CNN, “, FEMA, Maui Police, Hawaii News, Maui News, Hawaii Department of Land, Natural Resources, . Hawaii Department of Land, Reuters, Los Angeles Times, AP, Washington Post, Kahului, Technologies, AP Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Getty Locations: Maui, Lahaina, Hawaii, Kaanapali, Maui County, Kihei, Upcountry, Lahaina , Hawaii, Upper Kula, Church, Lahaina Hongwanji, Kula, Waiola, Wailuku, Kula , Hawaii, Maalaea, Kahului, California, Las Vegas, AFP

☆ Hawaii's emergency siren warning system was silent during Maui wildfires
▼ + stars: | 2023-08-12 | by ( Ray Sanchez | ) edition.cnn.com time to read: +18 min

Hawaii residents have long been accustomed to the monthly tests of the outdoor siren warning system. “Maui County faced a challenging, rapidly changing situation, and I think they did everything possible to save lives. Period.’Video Ad Feedback Video shows family's terrifying escape from Maui wildfires 01:18 - Source: CNNThe fire spread with such speed that many people left their homes immediately with little notice from authorities, Maui County Fire Chief Brad Ventura said. Hawaii Department of Land and Natural Resources/AP Burnt boats sit in waters off of Lahaina, Hawaii, on Friday. Phonoxaylinkham, his wife, and their five children were caught in the Lahaina wildfires and survived by exiting their car and spending four hours in the ocean as the west Maui wildfires raged around them.

Persons: Cole Millington, ” Millington, ”, Millington, …, –, Adam Weintraub, ” Weintraub, Weintraub, “, Allen Vu, Vu, Anne Lopez, Jill Tokuda, Karl Kim, Brad Ventura, ” Ventura, John Pelletier, Josh Green, Clay Trauernicht, Wedelin, Lee, Matthew Thayer, Patrick Fallon, Justin Sullivan, Rick Bowmer, Mike Blake, Zoltan Balogh, Zeran Harris, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Patrick T, Fallon, Dustin Johnson, Lane, ” Kim, Brock Long, ‘, Rachel Zimmerman Organizations: CNN, Lahaina, Hawaii Emergency Management Agency, CNN Hawaii, National Disaster Preparedness Training Center, University of Hawaii, Maui County Fire, Maui County Police, Gov, Communication, National Weather Service, “, Maui Fire Department, Facebook, Firefighter, Fire Department, Maui News, AP Pacific Whale Foundation, Getty, Hawaii Department of Land, Natural Resources, Reuters, . Hawaii Department of Land, Los Angeles Times, AP, Washington Post, Kahului, Technologies, AP Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Federal Emergency Management Agency Locations: Lahaina . Millington, Maui, “, Hawaii, Lahaina, Millington, Maui County, Manoa, Honolulu, Olinda, Kula, Hanamu, Piʻiholo, Lahaina Bypass, Church, Lahaina Hongwanji, Lahaina , Hawaii, Maalaea, West Maui, AFP, Wailuku, Upcountry, Waiola, Kula , Hawaii, Kahului, California, Las Vegas, Kihei

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