U.S. Housing Market
The Top Luxury Housing Market Is…Detroit?
Within Detroit, the entry level into the top 10% in that market’s luxury housing sector is $721,625. Continue Reading The Top Luxury Housing Market Is…Detroit?
New Luxury Rental Community Planned for Las Vegas
The property is based 15 minutes south of the Las Vegas Strip and delivery of the first residences is estimated for mid-year 2027. Continue Reading New Luxury Rental Community Planned for Las Vegas
Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Construction is expected to start in the third quarter of this year, with the first phase anticipated to be completed in 2027. Continue Reading Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Hits and Misses for the Real Estate Week of May 19-23
An unholy misuse of eminent domain, a ritzy Los Angeles mansion with a significant stigma, and a Maine broker running for governor. Continue Reading Hits and Misses for the Real Estate Week of May 19-23
New Home Sales Surged in April
The median sales price of new houses sold in April was $407,200. Continue Reading New Home Sales Surged in April
The US housing market is still in the red
Source: The Cryptonomist --- US: housing market shows no signs of recovering The recession is ascertained, but one fact that certifies the severity of the event and worries markets is that highlighted by Goldman Sachs researchers who published “The Housing Downturn:...
Navigating new-home construction sales
Source: Chicago Agent Magazine --- The relationship between homebuilders and real estate brokers is constantly changing and getting cozier in today’s market. Brokers in the business of representing those buying and selling residential real estate will often tell you...
Homeowners lose wealth as rising interest rates weigh on home values
Source: CNBC --- Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several months, with mortgage rates now double what they were at the...
Here are 5 signs that the right real estate agent is selling your home
Source: Oregon Live --- Selling a home can feel like taking one of your most personal possessions and largest assets, and tossing it into the air, hoping the right buyer catches it. Nothing, it seems, is as emotional, financially important and puzzling as putting a...
Map: How fast sellers are slashing home prices in America’s 97 biggest housing markets
Source: Fortune --- The Pandemic Housing Boom saw U.S. home prices spike an unprecedented 43% in just over two years. But that’s over now: Spiked mortgage rates have pushed the U.S. housing market into a sharp slowdown that could threaten some of those gains. Some...
As the US housing market returns to sanity, researchers say these 5 cities are primed for deep price cuts
Source: Yahoo --- If you’ve been squeezed out of the tight housing market over the past couple of years waiting for the opportunity to buy, you might finally get your chance – and some places are already looking more attractive for buyers. The housing market is...
San Francisco Braces for Epic Commercial Real Estate Crash
Source: The San Francisco Standard --- Imagine a slow-moving train coming towards you. The lights are shining, the horn is blaring, but it’s just far enough in the distance that the risk doesn’t seem real just yet. That’s a fitting-enough analogy for the state of San...
This Is What Gen Z and Millennials Are Looking For in Real Estate
Source: Yahoo Finance --- When it comes to real estate, millennials and Gen Zers share a lot more in common than the two generations may realize. GOBankingRates spoke with several real estate professionals to learn what millennials are seeking in real estate, what Gen...
Oak Street reportedly makes $2 billion bid for Kohl’s real estate
Source: CNBC --- Private equity firm Oak Street Real Estate Capital LLC has made an offer to acquire as much as $2 billion of property from Kohl’s Corp and have the U.S. retailer lease back its stores, according to people familiar with the matter. Oak Street’s...
House Prices Are Falling in These Five Overvalued Cities
Source: Newsweek --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
