Category: Other
Housing Market Risk Highest in These US Cities – Newsweek
The metropolitan areas around Chicago, Illinois, New York City, New York, and inland California were among the most vulnerable to housing market troubles in the first quarter of 2024, according to a study by ATTOM. The company, which curates land, property, and real estate data, released a Special Housing Risk Report on Thursday analyzing which counties in the U.S. were more exposed to market downturn between January and March based on home affordability, underwater mortgages—where people owe more on their home loan than the estimated value of their home—and other…
Read MoreNYC is thinking about trimming broker fees for tenants – Fortune
It’s a familiar and agonizing experience for legions of New York City renters: before moving into a new apartment, a tenant must first shell out thousands of dollars in fees to a real estate broker, even if that person was hired by the landlord. The hefty one-time payments, known as broker fees, are ubiquitous in New York but nearly unheard of anywhere else. In most other cities, landlords cover the commission of agents working on their behalf. But legislation backed by a majority of the New York City Council would require landlords…
Read MoreNYC Retail Market Wakes Up in a Daze After Smoke Shop Day of Reckoning – Commercial Observer
Roll Up Nation disappeared from NoHo without a trace last month, leaving nothing but an expensive sound system, a few stray rolling papers, and a 1,927-square-foot epoxy mural painted underfoot across the ground-floor retail space the unlicensed dispensary had been renting at 738 Broadway. The storefront directly above the Eighth Street/NYU stop on the R train is available to rent, and its landlord is asking $125 per square foot. That’s 20 percent less than what Roll Up paid, according to Meridian, which has the listing. SEE ALSO: MTA Fighting Possibility…
Read MoreRealty fintech platform Stake secures $14m in Series A funding – Trade Arabia
Stake, a leading digital platform for realty investment, has raised $14 million in funding to propel business as it enters Saudi Arabia this year offering individuals outside of the kingdom the opportunity to invest in Saudi real estate. The Series A funding was led by MEVP (Middle East Venture Partners), along with Aramco’s Wa’ed Ventures, one of Saudi Arabia’s largest VC’s, Mubadala Investment Company, Abu Dhabi’s Sovereign Investor, Al Jomaih Holding, one of Saudi Arabia’s largest family conglomerates, and Republic, a leading US-based private investing platform. Stake has…
Read MoreJessica Chastain’s NYC home in historic building hits market for $7.45 million – Fox Business
Cushman & Wakefield Chairman of Global Brokerage Bruce Mosler provides his real estate outlook and addresses New York City’s office vacancy problem on ‘The Claman Countdown.’ Actress Jessica Chastain has put her exquisite New York City home up for sale. Located inside the prestigious apartment complex The Osborne, Chastain’s abode in midtown Manhattan comes with a price tag of $7.45 million. The prestige and cost of the home is attributed to its grandiose history. JESSICA CHASTAIN EXPLAINS WHY SHE WON’T ACCEPT ‘A TRADITIONAL FEMALE ROLE’ IN HOLLYWOOD The entrance to…
Read MoreThese California cities are among ‘hottest housing markets’ in US, according to Realtor.com – KTLA Los Angeles
Some California towns are experiencing fast moving supply and rising demand when it comes to the housing market, according to a popular real estate site. In fact, 19 Golden State towns made Realtor.com’s list for “hottest real estate markets” in 2024. The rankings are based on “proprietary insights on buyer activity and the most comprehensive data on active inventory,” the site explained. The analysis also “breaks down demand and supply dynamics to rank metro areas, counties and zip codes relative to the rest of the country.” Southern California mom defends…
Read MoreCalifornia housing market predictions: where to buy a home in Golden State – KTLA Los Angeles
Some California towns are experiencing fast moving supply and rising demand when it comes to the housing market, according to a popular real estate site. In fact, 19 Golden State towns made Realtor.com’s list for “hottest real estate markets” in 2024. The rankings are based on “proprietary insights on buyer activity and the most comprehensive data on active inventory,” the site explained. The analysis also “breaks down demand and supply dynamics to rank metro areas, counties and zip codes relative to the rest of the country.” Southern California mom defends…
Read MorePrice reductions for logistics buildings might hint at further softening – OCRegister
Our industrial market in Southern California is rapidly morphing into a buyer’s/tenant’s market. By that I mean, a supply of available buildings which exceeds demand and a softening of prices. This is happening in the large logistics spaces constructed in the last building craze. At their peak, rents topped $2.10 per square foot (triple net) for these concrete caverns. On a 100,000-square-foot building, that’s $210,000 per month plus an additional $40,000 for operating expenses. In context, these industrial rents for a seemingly lower and lesser use than, say, an office…
Read MoreThese 19 CA Cities Are Among The Hottest Housing Markets In The U.S. – Patch
ACROSS CALIFORNIA — Nineteen California towns made a list of the hottest 150 real estate markets in the nation, according to a new ranking from Realtor.com. The Sacramento metro area took home the state’s highest ranking, at No. 39 in the nation with a 78.26 “hotness” score, according to the site. “The Realtor.com Market Hotness Index exposes how local areas are experiencing fast-moving supply and rising demand,” experts explained. “Using proprietary insights on buyer activity and the most comprehensive data on active inventory, the analysis breaks down demand and supply…
Read More7 VA Metros Among Americas Hottest Housing Markets – Old Town Alexandria, VA Patch
VIRGINIA — Seven Virginia metros have made a list of the hottest 150 real estate markets in the nation, according to a new ranking from Realtor.com. The Blacksburg-Christiansburg-Radford metro posted the state’s highest ranking, at 60th in the nation with a 71.24 “hotness” score, according to the site. “The Realtor.com Market Hotness Index exposes how local areas are experiencing fast moving supply and rising demand,” experts explain. “Using proprietary insights on buyer activity and the most comprehensive data on active inventory, the analysis breaks down demand and supply dynamics to…
Read More4 MD Metros Among Americas Hottest Housing Markets – Patch
MARYLAND — Four Maryland metros have made a list of the hottest 150 real estate markets in the nation, according to a new ranking from Realtor.com. The suburban DC counties of Montgomery and Prince George’s were part of the state’s highest ranking, at 101st in the nation with a 59.36 “hotness” score, according to the site. “The Realtor.com Market Hotness Index exposes how local areas are experiencing fast moving supply and rising demand,” experts explain. “Using proprietary insights on buyer activity and the most comprehensive data on active inventory, the…
Read More11 PA Towns Among Americas Hottest Housing Markets – Patch
PENNSYLVANIA — Eleven Pennsylvania towns have made a list of the hottest 150 real estate markets in the nation, according to a new ranking from Realtor.com. Lancaster took home the state’s highest ranking, at 21st in the nation with an 84.62 “hotness” score, according to the site. “The Realtor.com Market Hotness Index exposes how local areas are experiencing fast moving supply and rising demand,” experts explain. “Using proprietary insights on buyer activity and the most comprehensive data on active inventory, the analysis breaks down demand and supply dynamics to rank…
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