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Office leasing slows in one of the city’s major business districts
Source: Politico --- Visitors are returning to Lower Manhattan, boosting area hotels and retail — but more than two years into the pandemic, office vacancies remain high and asking rents are inching down in one of the city’s major business districts. A new report from...
5 keywords clients want to see in listing descriptions — and what to avoid
Source: Inman --- Making the perfect listing is no easy feat — especially when incorporating search engine optimization. Here’s how to maximize your next listing with the keywords your clients are looking for. In luxury real estate, prospective clients have always...
Poland’s mortgage holiday for households threatens bank profits
Source: FT.com --- As inflation soars and recession looms in Poland, a break from mortgage payments will be a much-needed reprieve for Jakub Rdzanek and his wife. The couple have seen their monthly home loan bills soar more than 70 per cent since the start of the...
Will Traverse City Real Estate Remain Insulated From Larger Forces This Time Around?
Source: Traverse Ticker --- After years of red-hot real estate activity, the housing market is finally showing signs of cooling off. Nationwide, rising interest rates, growing real estate inventory and fewer buyers are bringing about a sea change in a market that...
How Do Realtors Get Paid For a Home Sale?
Source: Realty Biz News --- Most consumers, whether buying or selling a home, understand that real estate agents are paid a commission. From there, it gets blurry what consumers know and don’t know. How a real estate professional gets compensated is a question often...
New York real estate company expands industrial footprint in Wilmington
Source: Port City Daily --- WILMINGTON — A family-run real estate acquisition company found recent success in the Cape Fear market. Treeline announced its first signed lease at an industrial park it bought last month. Located on U.S. Highway 421, it joins Edgewater...
Real Estate newsletter: Luxury finds a new extreme
Source: LA Times --- Welcome back to the Real Estate newsletter. It’s been a relatively quiet summer on the luxury front, but this week, we finally saw the extremes that the Southern California market is capable of. First, we stopped by a dinner party in West...
‘Dramatic increase.’ Foreclosure filings are up more than 150%. Here’s what that tells us about the housing market
Source: Marketwatch --- The number of foreclosure starts — which is when the first public foreclosure notice happens — is up 219% since the start of the year, according to real estate data analytics firm ATTOM Data Solutions’ midyear 2022 U.S. foreclosure market...
Las Vegas’ housing market cooling faster than others
Source: Review Journal --- In more ways than one, Las Vegas’ housing market is getting doused with cold water. People are buying fewer homes, sellers are slashing their prices, and availability is soaring. Southern Nevada is far from alone in seeing its once-sizzling...
Redfin: These housing markets are the most at risk of falling home prices
Source: Fortune --- Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level that is simply unattainable for tens of millions of would-be buyers. As more...
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