Three Things to Know: M5.9 Earthquake Khōst, Afghanistan - CoreLogic®

2022-06-29 12:20:44 By : Mr. Michael Yu

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Home / Intelligence / Three Things to Know: M5.9 Earthquake Khōst, Afghanistan

1. A magnitude (M) 5.9 earthquake struck eastern Afghanistan in the early morning hours of June 22

2. A deadly earthquake event with many homes destroyed

3. Why was this “moderately” strong earthquake so deadly?

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[1] United States Geological Survey, 2022. https://earthquake.usgs.gov/earthquakes/eventpage/us7000hj3u/executive (Accessed June 23 2022)

[2] Yawar, Mohammad Yunus and Ahmad, Jibran, Afghanistan earthquake kills at least 1,000, toll expected to rise (Reuters, 2022).

Despite the surge in mortgage interest rates and high home prices, buyers have remained resilient and continued to seek homes, keeping the market competitive.

As climate change continues to increase the severity and frequency of natural catastrophe events, it is more important than ever for communities to be prepared

Home buying has remained relatively affordable due to historically low mortgage interest rates, but increasing mortgage rates are cutting into buyer affordability.

Three Things to Know: M5.9 Earthquake Khōst, Afghanistan

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