The notorious Malibu, California, property of rapper Kanye West that was acquired last September at a severely discounted price is back on the market for $39 million. The Wall Street Journal reports the property’s owner Belwood Investment’s CEO Bo Belmont, is...
Home sales in the Pacific Palisades and Altadena communities impacted by January’s wildfires recorded double digits declines in February, according to a new report from Redfin (NASDAQ: RDFN). In Pacific Palisades (ZIP Code 90272), only 12 homes sold in February, down...
A new data analysis by Zillow Group (NASDAQ: Z, ZG) has determined that home sellers who opted not to place their properties on a Multiple Listing Service (MLS) lost out on more than $1 billion collectively over the past two years. Zillow’s analysis concluded that...
The homeownership rates of Gen Z and millennials plateaued in 2024, according to a new data report from Redfin (NASDAQ: RDFN). A little more than one-quarter (26.1%) of Gen Zers were homeowners in 2024, essentially unchanged from 2023 (26.3%) and 2022 (26.2%). Before...
A new law signed on Friday by Alabama’s governor will no longer require buyer agreements before agents tour properties with a client. “Great news! Governor Kay Ivey has officially signed HB 230 into law!” announced the Alabama Association of Realtors (AAR) in a social...
A new focus on affordable housing development, a delay in a key confirmation, and an unhappy Chinese leader. From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 17-21. Hit: A New Approach to Affordable Housing. This week,...
