Month: May 2024

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Top 10 Seller’s Markets Defy High Interest Rates With Strong Demand And Rising Prices – Yahoo Finance

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Top 10 Seller’s Markets Defy High Interest Rates With Strong Demand And Rising Prices Despite high interest rates, some of the nation’s housing markets have such strong demand that bidding wars persist, making them sellers’ markets. Rochester, New York, is currently the nation’s top seller’s market because of its affordability, which gives buyers a reprieve from high interest rates. According to Realtor.com, homes in the community are selling for almost 10% more than the asking price. “Low inventory in Rochester means multiple offers on many properties, said real estate agent…

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Florida Miami

South Florida Real Estate Market Surges Thanks to Miami-Dade and Broward – Cuba Headlines

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The South Florida real estate market saw a significant resurgence in April, following a slowdown in residential transactions since December. Wealthy buyers have largely returned, driving both sales and prices to new historic highs. In Miami-Dade County, there were 2,342 home sales, a 5.4% increase compared to April 2023, according to the latest monthly report from the Miami Association of Realtors. Median sale prices reached a new peak of $654,000 for single-family homes, surpassing the previous high of $650,000 from February and March. Condominium prices remained steady at $444,000. In…

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Las Vegas Nevada

Las Vegas Homes Bad Bet Until 2032 – AOL

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Laura Goldstein Updated July 14, 2016 at 9:12 PM las vegas real estate If you’re laying odds on when the Las Vegas real estate market will recover, prepare to wait a long time to collect. According to a recent report, it will be decades before Las Vegas home prices rebound — the year 2032 to be exact, says Celia Chen, housing market analyst for Moody’s Analytics. And Las Vegas isn’t even in the worst shape when it comes to depressed housing prices. Foreclosure-plagued cities like Phoenix and Naples, Fla., will…

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Dubai

Move over, Portugal? Chinese investors have eyes on Dubai homes – South China Morning Post

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Savills is seeing about 250 inquiries a month on Dubai property from Hong Kong this year, as much as what it used to receive in a year, Elliott added. Mark Elliott (left), Savills’ senior director and head of international residential; and Andrew Cummings, head of residential agency for Middle East. Photo: Xiaomei Chen The sizzling demand for residential property in Dubai is reflected in its surging home prices, which soared 70 per cent last year, according to Andrew Cummings, head of Middle East residential property at Savills. The consultancy forecasts…

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Dubai

Dubai is the new Portugal for Chinese property investors, lured by golden visas, improving infrastructure, agents say – South China Morning Post

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Savills is seeing about 250 inquiries a month on Dubai property from Hong Kong this year, as much as what it used to receive in a year, Elliott added. Mark Elliott (left), Savills’ senior director and head of international residential; and Andrew Cummings, head of residential agency for Middle East. Photo: Xiaomei Chen The sizzling demand for residential property in Dubai is reflected in its surging home prices, which soared 70 per cent last year, according to Andrew Cummings, head of Middle East residential property at Savills. The consultancy forecasts…

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UAE

Demand for renovated homes in UAE ‘as high as ever’ – The National

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Demand for property in the UAE that is fully renovated and upgraded is “as high as ever”, real estate experts have told The National. There is an increasing number of buyers, particularly from Europe, looking to buy houses ready to move into, they said. This in turn has driven more property investors to buy houses to renovate and sell on at a profit, a strategy widely referred to as flipping. “I’d say the majority of flipping has happened over the past two or three years,” said Jamie Grimshaw, co-owner of…

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California

Housing Market 2024: 10 California Cities for First-Time Homebuyers – Norada Real Estate Investments

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The Golden State beckons with its sunshine, beaches, and endless opportunities. But for first-time homebuyers, that California dream can quickly turn into a financial nightmare. Fear not, young grasshopper! While coastal havens and bustling metropolises might be out of reach, California offers a surprising abundance of affordable cities ripe for homeownership. Here’s a breakdown of 10 hidden gems where you can snag a house without breaking the bank. Housing Market 2024: 10 Cities in California Affordable for First-Time Homebuyers Central Valley: 1. Fresno: Nestled in California’s fertile Central Valley, Fresno is…

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California

Investing Made Easy: Robbie Lamattina Real Estate Unveils Proven Strategies for Real Estate Success in California – Markets Insider

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Los Angeles, CA – May 22, 2024 — Robert Lamattina Real Estate, a leading real estate company, is excited to announce the release of its latest article that unveils proven strategies to help equip individuals for success for real estate success in California. Founded by seasoned entrepreneur and real estate specialist Robbie Lamattina, the top real estate company’s new article focuses on how building mental toughness in high-stakes industries is a key factor in shaping the career trajectories of successful real estate professionals and details the most effective way to…

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Florida

Florida Rents Are Dropping Fast Is It Time For Investors To Look Elsewhere? – Yahoo Finance UK

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Florida Rents Are Dropping Fast Is It Time For Investors To Look Elsewhere? A recent study from Redfin shows that year-on-year rents in some of Florida’s major cities are down significantly. Some real estate investors wonder if this is a natural correction or the beginning of a significant pullback in the Sunshine State. Redfin’s data shows that Miami and Jacksonville experienced declines in the 5% range, while rents in Orlando and Tampa retreated by 4.3% and 3.2%, respectively. Considering that all those markets have been seeing increases in rent until…

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Florida Miami

Latino Investors: Colombians and Argentinians Lead Miami Real Estate Market – Cuba Headlines

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Latino investors have significantly increased their presence in the Miami real estate market, indicating a substantial outflow of capital from Latin America to Florida. Bloomberg Línea consulted a report from The Miami Association of Realtors (Miami Realtors), which noted that real estate sales to foreign investors slightly declined over the past year, but Latinos accounted for one-third of property purchases. “The legal security in the United States is unparalleled. The issue of rentals and property stability attracts a lot of international investors, especially compared to Latin American markets,” commented Geovanny…

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Florida

Why homebuyers are pouring into South Florida despite record-breaking high prices – AOL

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Rebecca San Juan May 25, 2024 at 5:00 AM Why homebuyers are pouring into South Florida despite record-breaking high prices Pedro Portal/[email protected] Deep-pocketed buyers came back to South Florida in April after a slowdown in residential transactions since December. Miami-Dade County had 2,342 home sales, up by 5.4% from April 2023, according to the latest monthly housing report from the Miami Association of Realtors. Broward saw even more activity — a total of 2,538 residential deals, up 6.1%. South Florida’s housing market defies even national trends. The number of single-family…

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USA

Insights from Financial Expert Steve Eisman on AI and Real Estate in the US Market – elblog.pl

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Setting reforms in the landscape of US real estate and technology sectors, investor Steve Eisman, who gained notoriety from the 2008 financial crash and the subsequent film “The Big Short,” shared his outlook on CNBC. With a keen focus on the real estate market, Eisman identified an ongoing trend where increased mortgage rates and low unemployment have led to a reduction in homeowners’ willingness to sell. This has resulted in a market driven primarily by new property transactions—a situation he expects to continue in the short term. The discusses also…

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Dubai

Dubai tenants opt to renew leases to avoid rent hikes – The National

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A Dubai market report has shown an increasing number of tenants are renewing their existing residential leases after two years of significant rent hikes. Real estate consultancy CBRE found many residents are not prepared or able to pay higher rates on new leases. Its latest report also suggests that the change may be due to a lack of available stock particularly in prime and core residential areas. Data from the Dubai Land Department revealed that in the year to date to March, the total number of rental registrations stood at…

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