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China’s property crash is prompting banks to offer mortgages to 70-year-olds

China’s property crash is prompting banks to offer mortgages to 70-year-olds

by Third Party | Feb 18, 2023 | International Real Estate News, Real Estate News

Source: CNN Business —  The property market in China is so depressed that some banks are resorting to drastic measures, including allowing people to pay off mortgages until they are 95 years old. Some banks in the cities of Nanning, Hangzhou, Ningbo and Beijing...
Seattle-based Zillow, Redfin post losses after housing market slowdown

Seattle-based Zillow, Redfin post losses after housing market slowdown

by Third Party | Feb 18, 2023 | News/Current Events, Real Estate News

Source: Seattle Times —  Seattle’s real estate tech companies are feeling the effects of the cooling housing market on their bottom lines. Despite cutbacks and layoffs in 2022, year-end earnings reports from Zillow and Redfin showed substantial losses and...
Gangster Moll’s Beverly Hills Mansion Listed for Sale

Gangster Moll’s Beverly Hills Mansion Listed for Sale

by Rick Grant | Feb 18, 2023 | Industry Updates, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Is it easier to sell luxury homes if they were once homes to infamous residents? What if they were murdered there? One real estate broker in Beverly Hills is about to find out.  The home in question was not actually owned by Gangster Benjamin “Bugsy” Siegel, but...
RE/MAX: Home Price Appreciation May Have Stabilized

RE/MAX: Home Price Appreciation May Have Stabilized

by Rick Grant | Feb 18, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

According to a new real estate sales report from RE/MAX, this month’s gain in new listings was higher than any month last year, with the biggest month-over-month increase in 2022 occurring in March with a gain of 27.7%. The number of homes for sale was 59.4%...
More Luxury Homes Under Construction in Florida

More Luxury Homes Under Construction in Florida

by Rick Grant | Feb 18, 2023 | Industry Updates, Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Lennar, one of the nation’s leading homebuilders, has started home sales for a new luxury community in Miami. Homes in Centris – a WCI Community adjacent to the city of Pinecrest, Florida, will offer estate homes that range from 3,442 to 4,336 square feet with...
Companies Plan Metaverse RE Development Connected to Real Cities

Companies Plan Metaverse RE Development Connected to Real Cities

by Rick Grant | Feb 18, 2023 | Industry Updates, International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market

News out of London is that Web developers are hoping to strike it rich in real estate by connecting properties developed in Metaverse with real world cities. nChain, a developer of Web3 and Blockchain technologies, has formed a strategic alliance with Transmira Inc....
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