Category: Other

Türkiye is close to completing a framework of a new regulation that is envisaged to serve as an instrument to increase urban transformation financing and housing supply, according to Treasury and Finance Minister Mehmet Şimşek. The regulation is sought to enable real estate investment funds to invest directly in property development projects, Şimşek said Sunday. “These funds’ portfolios will be adjusted and restructured accordingly. With the increase in housing supply, upward market pressure on housing prices will alleviate and make housing more accessible to all segments of society.” Led by…

Read More

Türkiye is close to completing a framework of a new regulation that is envisaged to serve as an instrument to increase urban transformation financing and housing supply, according to Treasury and Finance Minister Mehmet Şimşek. The regulation is sought to enable real estate investment funds to invest directly in property development projects, Şimşek said Sunday. “These funds’ portfolios will be adjusted and restructured accordingly. With the increase in housing supply, upward market pressure on housing prices will alleviate and make housing more accessible to all segments of society.” Led by…

Read More

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…

Read More

Read More

Mortgage rates moved down further last week before inching up again in the past couple days, as recent economic reports suggest that consumer inflation resumed its downward trend, while retail spending cooled more than expected, according to a report from the California Association of Realtors (CAR). Fed Chair Jerome Powell also said recently, “I expect that inflation will move back down … on a monthly basis to levels that were more like the lower readings that we were having last year.” Meanwhile, the median price of existing single-family homes in…

Read More

Read More

Key takeaways The current housing market is causing many prospective buyers to wait for better conditions, but there’s no guarantee that it will improve considerably anytime soon. If your credit score is strong, your employment is stable and you have enough savings to cover a down payment and closing costs, buying now might still be smart. If your personal finances are not ideal at the moment, or if home values in your area are on the decline, it might be better to wait. Buy now, or wait? That’s the question…

Read More

Greenwood Lake, N.Y. — Derek Jeter’s castle perched on the edge of a lake in New York is back on the market. And the asking price for the waterside palace in the Hudson Valley is cheaper than ever. Tiedemann Castle, Jeter’s castle retreat on Greenwood Lake, could be yours for $6,300,000. That’s less than half the jaw-dropping $14.75 million asking price the mansion was originally listed for when Jeter first tried to sell the property in 2018. The castle at 14 Lake Shore Road in Greenwood Lake was most recently…

Read More

Mark Castley, CEO of Luxury Property, concurs, and believes that Emirates Living offers a value proposition few communities can match. “People are unable to find such a product anywhere else with such a location and developer track record like Emaar has. As such, the villas here are now able to command immense premiums, especially if they have the benefit of upgrades. We can expect to see further community records being broken in the near term.”

Read More

Read More

Buying London is so close to dropping on Netflix, meaning real estate reality show fans will soon be fully immersed in the luxury property world across the pond. Similar to the shows that have come before it, like Selling Sunset and Buying Beverly Hills, Buying London features a mix of dreamy home tours and plenty of office drama. Plus, viewers may learn a thing or two about the industry itself, in London and globally. If you’re excited about the refreshing onscreen divergence from the California real estate market, discover more…

Read More

Read More

By Tracey Read · May 20, 2024, 2:45 PM EDT Latham & Watkins LLP announced Monday that the former chief legal officer for real estate investment trust Safehold Inc. has joined the firm’s New York office as a partner in the… Want to continue reading? Unlock these benefits today when you sign-up for a FREE 7-day trial: Gain a competitive edge with exclusive data visualization tools to tailor to your practice Stay informed with daily newsletters and custom alerts across 14+ coverage areas relevant to you Streamline your business of…

Read More

Main Realty marks its entry into the Dubai real estate market through a strategic partnership with Golden Bridge, launching its debut project, Primero Residences. Located in the prestigious Al Furjan, this residential masterpiece promises an extraordinary living experience. The grand launch is scheduled to take place at the Main Realty sales center on Tuesday, May 21. During the event, brokers will gain insights into Primero Residences’ exceptional features, amenities, innovative design, pricing points, and investment opportunities. Inspired by the architectural marvels, vibrant energy, and luxurious lifestyle of the Miami, USA,…

Read More

Key takeaways Mortgage rates are high, but home prices keep rising — blame the lack of housing supply. Economists predict that any market correction will be modest and not on the scale of the Great Recession. Experts do not expect a housing market crash, due to low inventory, strict lending standards and other factors. To the dismay of would-be homebuyers, property prices just keep rising. It seems nothing — not even some of the highest mortgage rates of the past two decades — can stop the continued climb of home…

Read More

Homer McCall, Jr., was born Dec. 11, 1940, in Scott, Ark., to the late Homer McCall, Sr. and Verlee Jones-McCall. Homer, Jr., transitioned to his heavenly home on May 7, 2024, in Texas. Both parents precede him in death, as do daughters, Coloche Walker, Japonica Walker, and Talitha Scott; and his sister, Annie Bell Peyton. He leaves to cherish his loving memory one daughter: Cynthia McCall-Torres, of Minnesota; 2 sons: Tony McCall and Bryan McCall, of Texas; 2 sisters: Ruby Jean Eason and Alice Anderson (Richard), of Arkansas; loving grandchildren,…

Read More

Known locally as “the castle” on Greenwood Lake, Derek Jeter’s long-time lake house near the New York-New Jersey state line is back on the market at a drastically reduced price. Listed this week for $6.3 million, the home had previously been marketed at nearly $15 million. Dating to 1903, the property has been linked to Jeter’s family for more than 70 years. The former New York Yankees shortstop took ownership of the property in the early 2000s from the Tiedemann family trust. The existing home had been partitioned into apartments…

Read More

Official during the event. Inayat-ur-Rahman, Business Editor Infrastructure investment is going to be a big boost for the real estate market in Dubai. It augurs well for the market at the macro-level. Dubai just made a new announcement, devising plans for a new $34.85 billion passenger terminal at Dubai World Central – Al Maktoum international (DWC), the emirates newest airport to be completed by 2034. This was shared by Kashif Ansari – Cofounder and Group CEO –Juwai IQI GLOBAL with Gulf Today. The UAE real estate market is displaying strong…

Read More