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China’s property crash is prompting banks to offer mortgages to 70-year-olds
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 have...
Seattle-based Zillow, Redfin post losses after housing market slowdown
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 declines in...
Gangster Moll’s Beverly Hills Mansion Listed for Sale
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
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% higher...
More Luxury Homes Under Construction in Florida
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 four to...
Companies Plan Metaverse RE Development Connected to Real Cities
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....
Can ChatGPT help sell homes? Here’s how one real estate agent uses it
Source: Times West Virginian --- Real estate agents are always looking for ways to be more efficient and connect with home buyers and sellers. They try to figure out how best to use their resources and which tools to pull out of their tool belts. One new tool growing...
Ontario regulator warns real estate agents to watch for signs of fraudulent home sales
Source: CBC --- The body that regulates Ontario's 100,000 real estate agents and brokers is urging them to be more vigilant when verifying the identity of a client, amid a wave of fraudulent home sales and mortgages in the Toronto area. The Real Estate Council of...
US new home construction fell in January for the fifth straight month
Source: CNN Business --- US home building fell again in January, marking five straight months of declines, even as mortgage rates moderated and inflation cooled. Housing starts, a measure of new home construction, fell by 4.5% in January from December. That’s down...
Alliant Capital Announces Financing for Affordable Housing in Sonoma County, CA
Alliant Capital, a Walker & Dunlop, Inc. company, announced today its $40 million investment for Shiloh Crossing, a new construction of 171 Low Income Housing Tax Credit (LIHTC) units in Windsor, Sonoma County, CA. The team, including Dudley Benoit, senior...
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