Category: Other

The US housing market — long crippled by an inventory drought — is finally starting to see listings rise. But now, in many places, the buyers just aren’t showing up. Sellers are grappling with the fact that higher-for-longer rates are choking off demand during what’s typically the key season for the market. And more of those owners are cutting asking prices than any time since November 2022 as inventory grows stale, according to Redfin Corp. “With mortgage rates rising back over 7%, the willingness of homebuyers to take a stab…

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The US housing market — long crippled by an inventory drought — is finally starting to see listings rise. But now, in many places, the buyers just aren’t showing up. Sellers are grappling with the fact that higher-for-longer rates are choking off demand during what’s typically the key season for the market. And more of those owners are cutting asking prices than any time since November 2022 as inventory grows stale, according to Redfin Corp. “With mortgage rates rising back over 7%, the willingness of homebuyers to take a stab…

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STATEN ISLAND, N.Y. — The real estate market in New York remains one of the hottest in the country, with various counties across the state drawing serious interest from prospective buyers. Seven New York counties ranked in the top 100 hottest housing markets in the United States in May, according to data from Realtor.com. The site’s Market Hotness Index ranks areas based on the current supply and demand within the market, with listing views by market as an indicator of demand and median days on the market as an indicator…

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It’s not surprising “zero-down mortgages are making a comeback,” as CNN recently declared. After all, home prices skyrocketed during the pandemic-fueled housing boom and have continued to do so since, recently hitting their ninth all-time high within the past year—only making down payments more costly, and somewhat unrealistic for a lot of people.  Think about it like this: In March 2020, the average home value in California was more than $572,000. Today, it’s a little more than $786,000. Twenty percent is traditionally the magic number when it comes to down…

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For New York City residents, rewatches of classics set in the Big Apple like Friends and Sex and the City are often accompanied by a pointless yet nagging undercurrent of irritation: How in the world did they afford these egregiously fabulous apartments? Yes, we can separate the beautiful fiction of set design from hard reality, but nevertheless it’s eternally on our minds, given 69% of New Yorkers are renters forced to renegotiate or reconsider our living arrangements just about every year. As Carrie Bradshaw herself mused over two decades ago…

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The immensely popular Netflix series “Selling Sunset” is set to expand its horizon, making a splash all the way to New York City. The upcoming spin-off, titled “Selling the City,” will feature New York real estate agents from the renowned brokerage Douglas Elliman, navigating the competitive world of luxury real estate.A Promising New ChapterNetflix has announced the new series, though details remain scant. “Selling the City” promises to captivate audiences by showcasing the high-stakes world of New York’s elite real estate market. The series will be executive produced by Adam…

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“It’s a sad day when a duke of bombast tumbles to the reality that at day’s end, he’s nothing but an empty sack.”  That’s a character’s verdict on smooth-talking Atlanta real estate mogul Charlie Croker, who is in the midst of defending his empire from those wanting to capitalize on his sudden bankruptcy and fall from grace. Lenders who have shelled out millions are ready to pounce to take back his properties, after many years of being appalled by Croker’s hubris and ego — and a little jealous of his…

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Mayor Brandon Johnson does not hype every Chicago developer, but he appeared to be a fan of Mike Reschke when the two appeared together at an early-May groundbreaking at the Thompson Center. There, in the middle of the Loop, the developer joined Google leadership and the state’s most powerful officials to celebrate the tech giant’s $300 million plan to redevelop the 1.2 million-square-foot property into its new flagship Chicago offices. Reschke’s Prime Group and its partner Quintin Primo are leading the charge.  Not only did they recruit one of the…

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Decrepit Palo Alto home asking $2M enters contract Breaking News

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“Owning Manhattan” is a new Netflix series starring Ryan Serhant from “Million Dollar Listing New York.” This show dives into the elite world of New York City real estate, focusing on Ryan’s brokerage, SERHANT. Number of episodes and release date The eight episodes of the reality series, which premieres on June 28, will follow Serhant and his elite team of agents as they battle it out for the most coveted luxury listings in the city. This crew will stop at nothing to become the greatest in the world, therefore other…

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Another year, another low inventory housing market, and this year’s rankings mirror that market with fewer agents and teams qualifying than in 2022 and 2023. Overall, agents and teams in 2024 RealTrends Verified + Tom Ferry The Thousand agent and team rankings (based on 2023 data), had a total of 201,674 transaction sides (down from 233,330 last year) and sales volume of $110 billion, down from $169 billion in 2023 (based on 2022 data). RealTrends Verified  RealTrends Verified is a brand that stands for ambition, achievement, transparency and trust. The brokerages,…

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Alex Horowitz: That California duplex law hasn’t worked yet, and it often takes more than one try to get a state law right. California enabled duplexes. They’re technically allowed, but they left jurisdictions lots of ways to block them. And, again, we’re talking about at this point individual homeowners looking at duplexes. And so it doesn’t add enough to the housing supply only to allow duplexes. That’s not a viable solution, but really it’s local regulatory barriers to those duplexes that haven’t been fixed in the state law. When California…

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She may be most famous for films like The Philadelphia Story, but Oscar-winning actor Katharine Hepburn hung her hat in New York City. Now, the Connecticut native’s Manhattan home is officially on the market for $7.2 million, Crain’s New York first reported. Hepburn owned the property from 1931 until her death at age 96 in 2003, according to the New York Post. It was sold for $3.9 million the following year and hasn’t changed hands since, which means the seller is likely to make a hefty profit when the town…

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Key takeaways Late spring and early summer are generally considered the best times to sell a house. Traditionally, low mortgage rates and short supply make it a good time to sell. While today’s rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most markets. If you’re considering selling your home, it’s critical to understand the current real estate market dynamics. The volatility that dominated the market amid pandemic-related pressures may have eased, but there are still serious challenges. For one thing, mortgage interest rates…

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Austin has ended up on a new top 10 list, and this time it’s not on one of those “best of” ones. In its fourth annual report on U.S. moving trends, PODS Enterprises — the moving and storage company known for its portable containers — ranks Austin No. 5 among the top 10 locations people are leaving this year. What’s driving Austin’s move-outs? “Starting in 2020, the advent of remote work, Austin’s then-attractive housing market and the relatively low cost of living compared to major cities like New York and Los…

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Dubai’s real estate market has reached a new pinnacle with the record sale of a villa for AED61.5 million ($16.7 million) in the Al Wasl District, setting a new standard for luxury properties within the premium development.    The Al Wasl District community is non-gated, maintaining high security with regular patrols while offering low service charges – an exceptional feature given its prime location.    Homeowners enjoy considerable freedom to customize their properties within the reasonable guidelines set by the local authority, DDA, without the need for lengthy approvals or…

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