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Can high demand for housing affect replacement costs?

In a previous article, we looked at how rising demand for large homes is driving up the average value of newly built residential properties in the United States. However, for properties of all kinds, it is important to distinguish between the sales price—what a...

Wildfires pose a major risk to residential properties

According to the National Interagency Fire Center, more than 4 million acres of land were burned by 47,000 wildfires in 2013. However, this was not especially large in the grand scheme of things. During 2012, more than 9 million acres burned, making it the third most...

High value condos proliferate in U.S. cities

At the same time that the price of a new house is on the rise throughout the country, major cities are seeing a steady increase in the construction of new high value condominiums.Boston offers a good example of the current trend. Condo sales in the city's...