Month: May 2024
Blockchain-based technology could unlock housing market – The University of Western Australia
By Carrie Cox Digital ownership of real estate through blockchain-based technology could help young Australians find a way into the otherwise impenetrable housing market, according to a finance expert from The University of Western Australia. Dirk Baur, a Professor of Finance in UWA’s Business School and Director of the UWA Blockchain and Cryptocurrency Research Centre, said the ‘tokenisation’ of real-world housing assets was already showing considerable promise in pioneering markets like Detroit in the US. The process enables a property to be divided into small digital units and sold to…
Read MoreFL Real Estate Market Bounces Back From Pandemic: Report – Patch
TAMPA, FL — The Florida housing market is returning to pre-pandemic normals in many parts of the state, although it is still soft in the Tampa metro, according to a report from Redfin, a digital real estate company. The Redfin Home Price Index ranks the 50 largest metros for which full data is available on how quickly demand and competition cooled from February 2023 to February 2024. It takes into account year-over-year changes in home prices, price drops, supply, pending sales, sale-to-list price ratio and the share of homes that…
Read MoreThe US Census Bureau says San Antonio is fastest-growing city; can its real estate market handle the growth? – KSAT San Antonio
SAN ANTONIO – Rich Acosta said he’s concerned San Antonio’s population growth could eventually strain the real estate market. “We need apartments, and we need more housing,” Acosta, the president of My City is My Home, said. “We need more housing accessibility, and we don’t have it.” Data from the U.S. Census Bureau showed that 22,000 people moved to the Alamo City in 2023. That puts San Antonio back in the top spot for the country’s fastest-growing city. But questions are being raised about whether the city’s current housing market…
Read MoreCalifornia Condo Sells for Lowest Price in 18 Years – Newsweek
A one-bedroom condo in the Yerba Buena of San Francisco is on the market for nearly $670,000. The property’s listed price on Zillow is less than its value has been since 2004, when it sold for $499,000, according to records on the real estate platform. The home was at one point in May 2019 listed for sale for nearly $1.1 million but the listing was removed in June of that year. The next time it went on the market, it was valued at 32.5 percent less at $729,000. Since then,…
Read MoreKatharine Hepburn’s former NYC home lists for $7.2M — with her mirrored vanity still inside – New York Post
A Manhattan townhouse that the iconic actress Katharine Hepburn called home for decades has hit the market. Located within Turtle Bay Gardens, the 164-year-old property was owned by the late leading lady from 1931 until her death, at age 96, in 2003. Hepburn’s estate sold the four-bedroom, four-bathroom abode for $3.9 million in 2004, to the current seller, who is now seeking $7.2 million, Crain’s first reported. The home has six fireplaces and grand interior design. DDreps for Sotheby’s International Realty Katharine Hepburn. Bettmann Archive The home’s facade. DDreps for…
Read MoreSonja Morgan has sold her NYC home at auction for $4.45M – New York Post
After years of price cuts and no buyers, Sonja Morgan has finally unloaded her luxurious Upper East Side townhouse in an online auction. The “Real Housewives of New York City” star parted ways with her opulent residence at 162 E. 63rd St., but not without a significant financial hit, The Post has learned. The property, which made appearances on the hit Bravo series, sold to the highest bidder for $4.45 million in a no-reserve sale that lasted nearly two weeks. The final sale price, with the buyer’s premium of 12%,…
Read MoreHousing Market 2024: 8 Most and Least Expensive US States – GOBankingRates
We all know that where we live can make a huge difference in the kind of lifestyle we can afford on our salary. According to Forbes, the average salary across the United States is about $62,000. Here’s an interesting perspective: In today’s high-inflation world, you would need to earn more than $98,000 to enjoy the same purchasing power of a $75,000 salary from 2013. So where will your salary go the farthest when it comes to the housing market? According to a research team at USA TODAY Homefront, Indiana residents…
Read MoreRural Home Buyers Break From America’s Housing Market Trend – Newsweek
The share of government-supported mortgages aimed at helping home buyers in rural areas rose slightly for the week ending May 24, even as other categories and overall applications dipped, according to the latest survey from the Mortgage Bankers Association. Read more: What Is a Mortgage? Types & How They Work U.S. Department of Agriculture loans ticked up to 0.4 percent from 0.3 percent as a share of total applications for the week. Overall, mortgage applications across the board fell nearly 6 percent as the effects of elevated mortgage rates hit…
Read MoreGet Ready for Another Sizzling Summer Real Estate Market in Westchester – The Hudson Indy Westchester’s … – The Hudson Independent
May 29, 2024 By Sue Trieman– Local realtors expect Westchester to remain a red-hot real estate market during the warmest months of 2024, but the sizzling temperature may be slightly dissipating. An April uptick in the number of new homes offered for sale suggests a better balance between the tight supply of listed properties and a sky-hot buyer demand may be coming. Still, prices are likely to remain high and buyer competition fierce. Support our Sponsors The Hudson Gateway Association of Realtors (HGAR) revealed that the median home in Westchester…
Read MoreNYC’s famed Plaza is losing its luster on the market – New York Post
Fittingly, Robert Kraft — the billionaire owner of the New England Patriots — has fled Manhattan’s famed Plaza for a home nearby on Billionaires’ Row. He recently sold his Plaza condominium for $22.5 million, decamping to the 70-story skyscraper 220 Central Park South located two blocks west. That purchase was $34 million. Compared with the glitzy, modern towers that punctuate the Manhattan skyline, the Plaza — dominating the corner of Central Park South and Fifth Avenue with its French-Renaissance grandeur — is losing its luster. In fact — since it…
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