The frequency of bidding wars on homes has dropped to the lowest level this year — the latest sign that the housing market may be cooling and reverting back to its usual seasonal patterns. A new report from Redfin (RDFN) found that 58.8% of the offers on homes written by the company’s real-estate agents faced competition in August. Redfin defines a bidding war as any situation where there are at least two competing bids on a home.
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- National Review
Senator Bill Cassidy (R., La.) on Sunday warned his fellow Republicans that the party will lose again in 2024 if they continue to relitigate 2020.
A deeply rooted fascination with native California architecture and its Mexican-Spanish roots led celebrated architect John Byers to create this one-of-a-kind beach house resting along the northern edge of Santa Monica. Built nearly a century ago — and centered around a charming Moorish-inspired courtyard modeled after the one gracing Spain’s 16th-century El Greco Museum — […]
- Associated Press
Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders. Rising costs and shortages of building materials and labor are rippling across the homebuilding industry, which accounted for nearly 12% of all U.S. home sales in July. Construction delays are common, prompting many builders to pump the brakes on the number of new homes they put up for sale.
- Robb Report
After listing about six months ago, the 9,000 square foot home is now off the market.
Barbadian pop megastar and consummate style icon turned newly minted billionaire cosmetics and intimate wear entrepreneur Robyn Fenty, otherwise known around the world as Rihanna, dropped $6.8 million back in the summer of 2017 on a then newly and glamorously refurbished neo-Mediterranean mini-compound near the base of Nichols Canyon in the foothills above the western […]
Image provide by Colibri Group The benefits of a real estate license are indisputable. For real estate investors, a real estate license can guarantee savings on closing costs, access to the newest listings and ultimately an edge over your competition. Here’s why real estate investors should consider a real estate license and why obtaining one is easier than you think. Benefits of a Real Estate License There are numerous benefits to having a real estate license — even if you don’t plan on working
Rising home values can quickly transition a reasonable housing market into the type of real estate monster that has consumed places like the San Francisco Bay Area, Los Angeles and New York. While the...
Only a small share of inventory is expected to come from homeowners foreclosed upon after the expiration of key federal protections. The post Housing Market Expected to Stay Stable as COVID-era Protections End appeared first on Zillow Research.
Because life’s a beach in the Sunshine State.
(Bloomberg) -- Soaring property prices are forcing people all over the world to abandon all hope of owning a home. The fallout is shaking governments of all political persuasions.It’s a phenomenon given wings by the pandemic. And it’s not just buyers — rents are also soaring in many cities. The upshot is the perennial issue of housing costs has become one of acute housing inequality, and an entire generation is at risk of being left behind. “We’re witnessing sections of society being shut out of
Housing starts increased almost exclusively due to an uptick in the construction of multifamily buildings.
Many people swear by homeownership; some call it a form of "forced savings" while others see it as a way to build generational wealth. Buying a home has long been considered one of the best ways for...
- Real Simple
Aspiring home buyers should start today to improve debt-to-income ratio, increase savings, shop around for mortgages, and more must-dos, according to real estate experts.
The president's plan calls for 100,000 new affordable housing units over three years. The market alone is expected to deliver up to 5 million.
- Motley Fool
The real estate market is hot right now with low interest rates driving strong demand and inventory shortages crippling supply. Real estate technology companies have been big beneficiaries of this environment as more consumers are turning to digital platforms to buy and sell homes. The real estate business is historically labor intensive and expensive for both the buyer and the seller, and these companies present new ways to transact far more efficiently.
Minneapolis mayoral forum season is in full swing, and while public safety and police reform are taking up most of the energy and attention, candidates are also weighing in on other big issues that will shape the city's future.What they're talking about: Affordable housing and rent control have been major topics at recent forums. A ballot measure would give the City Council the power to enact rent control policies, which cap how much landlords can raise rent on their tenants. Stay on top of the
- KGTV - San Diego Scripps
A brand new home in a million dollar neighborhood in Encinitas just sold for pennies on the dollar. Low-income families were lining up to buy it, but an investor beat them out.
Zillow has been accused of making it difficult for people to list their home for sale without using a realtor. NBC News' Vicky Nguyen explains.
- Yahoo Finance UK
Price surge due to fierce competition among buyers for the record low number of properties available for sale.
U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.62 million in August, representing a 3.9% increase from the previous month, the U.S. Census Bureau reported Tuesday. Compared with August 2020, housing starts were up 17.4%. The pace of permitting for new housing units also increased in August. Permitting for new homes occurred at a seasonally-adjusted annual rate of 1.73 million, up 6% from July and 13.5% from a year ago. With both housing starts and buil