U.S. new-home sales increased 1.5% to an annual rate of 740,000, the government said Friday. The figure equates to how many homes would be sold over a yearlong period of time if the same number were bought in each month based on the rate of sales in July. Compared to a year ago, sales were down 24%.The median forecast of economists polled by MarketWatch was that new home sales would come in at an annual rate of 720,000 for August. The median sales price of new houses sold in August was $390,900,
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You need to know where to look and what to expect if you're not shopping right now, two real estate economists say.
Longtime “The Biggest Loser” trainer-turned-host Bob Harper is this week’s biggest winner in the real estate game, nearly tripling his money on a midcentury gem in Los Angeles. Purchased by the liberally-tattooed Tennessee native in 2009 for “just” $2.9 million, the house has now been resold for a hefty $7.4 million after less than a […]
Congratulations are in order for supermodel Karlie Kloss and venture capitalist Josh Kushner! Their baby boy, Levi Joseph, was born in the spring. But, as we’re sure the couple is finding out, babies require so many things! And if you’re richer than King Midas, those things often include a new, larger apartment because you can’t […]
- House Beautiful
See the before and after shots.
The enduring success of The CW’s “Riverdale” series, now in its sixth season, has helped spawn many a millionaire thespian; over the last year, stars Camila Mendes, Madelaine Petsch and Lili Reinhart have all bought pricey Los Angeles homes to match their ascendant industry status. Now they’re joined in the real estate game by co-star […]
- Robb Report
Built in 1911, the Myron Hunt-designed home covers 4,800 square feet and has a separate guesthouse.
Justin Timberlake and Jessica Biel have put their sprawling, 13,530-square-foot Spanish villa on the market. Located just off Mulholland Drive, the home is now available for $35 million.
While Joe Roth is still awaiting a buyer for his sprawling Paul R. Williams-designed mansion in Holmby Hills — on the market since April at a whopping $48 million — the prolific Hollywood producer isn’t sitting idly on the real estate sidelines. Instead, he’s now acquired a smaller but equally posh home, this one in […]
- The New York Times
Terrell McCallum, a private wealth adviser in Dallas, spends a lot of time thinking about markets and interest rates. He knows that the Federal Reserve targets 2% annual price increases on average, so it was a shock when he learned that his rent would increase a whopping 10% this year. “I can afford it, but it gets to the brink of financial burden,” said McCallum, 33. He and his wife have been saving up for their first home, but now that they are paying $1,830 for their apartment and fees, that
- Motley Fool
At several points during the pandemic, the demand for second homes soared. In August, the demand for second homes dropped 19.3% from the previous year, according to Redfin. In fact, sales of vacation homes made up 6.7% of overall existing home sales between January and April of 2021.
A Long Island couple says they don't feel safe in their own home. They say their tenant hasn't paid rent in more than a year and is now threatening them; CBS2's Jennifer McLogan reports.
- Yahoo Finance Canada
The Canadian Real Estate Association says real estate sales and prices went up in September.
- Yahoo Finance Video
Byron Carlock, PwC’s U.S. Real Estate Practice Leader, joins Yahoo Finance to discuss emerging trends in the real estate market and housing affordability.
- USA TODAY
Buying a house is hard enough but relocating from one part of the country to another in a competitive seller’s market makes the process even tougher.
Representatives from 10 Chinese property companies met government regulators to ask for an "appropriate loosening" on policy restrictions, financial news outlet Yicai reported late on Friday. In the meeting, senior executives urged authorities to loosen regulations with the goals of stabilizing market expectations, providing support for genuine home buyers rather than speculators and making adjustments in land prices, Yicai reported, citing unnamed people in attendance. The meeting was attended by senior executives from developers including China Vanke Co Ltd and Sunac Holdings, along with the Director of the Real Estate Department of the Ministry of Housing and Urban-Rural Development and the Director of the China Real Estate Association (CREA), Yicai reported.
- KMTV Action 3 News - Omaha Scripps
Some Missouri Valley, Iowa, seniors are looking for new homes after an announced increase in rent. New owners point to an expired grant and expanded amenities.
- Better Homes & Gardens
In this competitive housing market, some buyers are waiving home inspections to boost the chances of their offer being accepted. Experts weigh in on why this tactic could be more costly than you think.
- American City Business Journals
A Luby's restaurant in North Austin could soon be transformed into a multifamily development. Ardent Residential is working on rezoning the site off North MoPac Expressway to MF-6, which is the highest-density multifamily zoning category.
- Yahoo Life UK
This incredible building is being restored - and it's available for rent.
- WEWS-Cleveland Videos
New townhomes look to elevate Buckeye-Shaker