Sales of new single-family houses in August reached a seasonally-adjusted annual rate of 740,000, a 24% decrease from last year but an increase from July’s revised rate of 729,000, the Census Bureau and Department of Housing and Urban Development said Friday. Home prices remained at a survey high in August as builders continued to deal with materials and labor shortages. The median sales price was $390,900, on par with July’s rate, which was revised higher.
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For the first time since the start of the pandemic, rents are increasing in every major metropolitan area nationwide, according to one report.
PwC’s Emerging Trends in Real Estate report ranks the top 10 U.S. metro areas in which to buy and build a home next year.
Over the coming 15 months, Goldman Sachs is forecasting U.S. home prices will continue to soar.
- House Beautiful
Rachel “Bunny” Lambert Mellon designed the gardens at this Cape Cod estate, which is known as Scallop Path. It just sold for $19 million.
The company blamed a relatable problem for anyone who has tried to buy or sell a house in the US during the pandemic.
Welcome to your tropical home away from home.
When it comes to multibillionaire ex-Google CEO Eric Schmidt, apparently the real estate apple doesn’t fall far from the proverbial tree. Schmidt, 66, has spent much of the past year gobbling up epic trophy estates from New York City to Los Angeles and Montecito, shelling out upwards of $120 million on his property spending spree. […]
The newest cage-match venue for young'uns and old folks: that piece of property down the street that's for sale. Driving the news: Elbowed out by Americans 60 years and older, young people are making up a smaller share of recent homebuyers than in previous years, per a new Zillow analysis.Because baby boomers are more likely to be homeowners who can use money from the sale of their current home to buy their next one, they have a built-in advantage in a bidding war against younger buyers, who are
The posh pad, located in the neighborhood of Nolita, boasts three bedrooms, plus a media room, fitness room, and six-and-a-half bathrooms
- Motley Fool
In July, home prices were up 19.7% from the previous July. When you buy a condo or townhouse, you own a specific unit within a larger building or complex. You're responsible for maintaining your own unit, but exterior maintenance is generally covered by the homeowners association fees you pay every month.
- American City Business Journals
Howard Hughes Corp., which is known across the country for its major master-planned communities, has paid $600 million for Douglas Ranch, a 37,000-acre master-planned community in Buckeye. Here's what Jerry Colangelo and Mike Ingram — the sellers — have to say about it.
(Bloomberg) -- Zillow Group Inc.’s decision to stop pursuing new home purchases comes as the U.S. housing market appears to be cooling off slightly, showcasing the challenges for an emerging high-tech spin on home-flipping.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyThe Biggest Public Graveyard in the U.S. Is Becoming a ParkGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech Case Fo
- Yahoo Finance Canada
La Belle Maison is a massive 24,000 square foot structure in the swanky St Andrew-Windfields neighbourhood.
CrowdStreet has launched a new offering for a value-add multifamily opportunity in the Seattle metropolitan area with a target internal rate of return (IRR) of 14.6%. The property is known as Evergreen Grove Apartments, a 73-unit garden-style multifamily residential property located in Lynwood, Washington. The asset has significant upside potential through renovations, improved operations and increased rental rates. Investment Highlights: The asset is being purchased off-market at a price of $22
From getting approved for a mortgage to paying for unexpected repairs, the home-buying process can be a complex, borderline overwhelming process the first time. Given the increasingly competitive...
If you're thinking of purchasing a home with a Federal Housing Administration (FHA) loan, your property must meet several minimum property standards.
- Yahoo Finance Video
Igor Popov, Apartment List Chief Economist, joins Yahoo Finance to discuss rising rent prices and outlook on regional demands.
The average new home price in 70 major Chinese cities was unchanged in September month-on-month, compared with 0.2% growth in August, according to Reuters calculations based on data released by the National Bureau of Statistics (NBS) on Wednesday. The data showed 27 cities reported month-on-month gains, compared with 46 in August, the lowest since February 2020 at the height of China's COVID-19 outbreak. In September, some cities intensified their campaigns to drive speculators out of the property market.
- Reuters Videos
There were mixed signals from the housing market Monday.Sentiment among U.S. builders of single-family homes improved by the most in nearly a year in October, according to a monthly survey by the National Association of Homebuilders.The group was encouraged by a pick-up in customer traffic.But there are concerns that material shortages will drive prices higher and rising borrowing costs could start to hurt home affordability.. Mortgage interest rates have already begun to rise, with the average 30-year mortgage rate climbing to 3.18% in early October, the highest since June, according to the Mortgage Bankers Association.Rates are expected to rise as the Federal Reserve starts cutting its $120 billion a month bond-buying program as early as next month.While homebuilders may be upbeat in the near term, real estate firms are less so.Online real estate agent Zillow announced that its unit that buys homes, makes light repairs, and then puts them up for sale on Zillow's website, will pause doing so for the rest of the year.The company says labor shortages and supply disruptions are hampering timely sales of renovated properties.Real estate agents have been noting for months the dearth of supply of older homes available for sale. Zillow's decision to pause that part of its business shocked investors, sending shares down by more than 10 percent in mid-day Monday trading, to lows not seen in over a year.
- American City Business Journals
A business park near The Florida Mall that originally was a built-to-suit office for defense contracting giant Lockheed Martin Corp. has sold through the Ten-X auction platform. The five-building, 318,516-square-foot complex at 5915 S. Rio Grande Ave. was sold via the online auction platform Ten-X. The seller was represented by Avison Young’s Florida Capital Markets Group, representing a joint effort between the firm's Orlando and South Florida offices, according to a new release.