BP’s oil spill may drive down the Gulf Coast’s shore-area property values by 10% for at least three years, according to CoStar Group Inc. Losses may total $4.3bn along the 600-mile stretch from the Louisiana bayous to Clearwater, Florida, the property-information service estimates.
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While the real estate market has lots of challenges during the COVID-19 pandemic, a tsunami of houses being sold by Airbnb hosts who can’t pay their mortgages isn’t one of them. HW+ Premium Content
A $706 million jury verdict against Amrock in 2018 was tossed out by a Texas appeals court on Wednesday after it ruled the jury considered invalid legal theories.