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Valley real estate company asks potential tenants to bid on home …

Details: Natasha Smith encountered a real estate company that asked potential renters to submit their “best and highest offer” of what they could pay for the monthly rent. She bid about $2,100 which is $700 more than she is currently paying but still lost out to a higher bidder.

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Finding apartments to rent right now is tough, buying or building …

Details: A lot of the homes that we manage seem to go the quickest because people really like to live in homes. The market is really crazy,” said Casey Cassity, a property manager with Blue Pine Property Management in Idaho Falls. House for rent from Blue Pine Property Management, EastIdahoNews.com. Cassity says they are constantly staying busy.

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The Housing Boom Is Officially Over – Home Sales Drop To New …

Details: The USCB also adds that the inventory of new homes for sale increased from a 5.5-month supply in May to a 6.3-month supply in June. This could potentially mean that if supply and prices stay on course as they currently are, and buyers still hold out, the tide could eventually turn and become a buyer’s market. More From GOBankingRates

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Realtor rents Gladeville mobile home for $1,200 as housing market …

Details: At the end of the day, real estate follows jobs, and it follows interest rates, and all the jobs seem to be moving here, Texas, and Florida.” Blackwell bought a mobile home as an investment property in Gladeville and fixed it up. He posted it online for rent at $1,200 a month, and he found a tenant in 3 days after getting 12 applications.

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There’s been no surge in sales for the spring housing market

Details: Eventually, she said, they’ll buy a new home and keep the Salem house as a rental property. The tight supply of homes for sale persists as demand surges, powered by persistently low interest rates, a recovering job market, and legions of families who dream of a suburban house to stretch out in after being cooped up in cramped apartments for a

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Florida homebuyers should rent and wait out housing boom, …

Details: “More people who rent and reinvest would help alleviate current pricing pressure, which is a good thing.” In conducting their joint monthly analysis, the two professors review more than 25 years of home prices from Zillow, the national online real estate service. The numbers include single-family homes, townhomes, condominiums and co-ops.

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Everyone Knows the Housing Market Craziness Can’t Last, then the …

Details: In February, sales of existing homes – single-family houses, condos, and co-ops – dropped by 6.6% from January to a seasonally adjusted annual rate of 6.22 million homes, the National Association of Realtors reported today. On a year-over-year basis, sales in September through January had been up in a range from 19% to 24.4%.

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Viral TikTok accuses Zillow and competitors of manipulating the …

Details: Are companies like Zillow ZG, -3.40% and Redfin RDFN, +4.57% manipulating home prices by purchasing properties across the country? That’s what one real-estate agent claims in a video that went viral on the social-media platform TikTok — but real-estate experts say the reality is much more complicated. In a video…

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The hot real estate and housing market in San Antonio and Texas …

Details: The hot real estate and housing market in San Antonio and Texas. On Apr 19, 2021. The pandemic led to a lot of cross country moves, for companies and homeowners, driving up demand and prices. But realtors are not discouraging the house hunt yet. SAN ANTONIO — Record low supply, dozens of offers on a single home, people moving to Texas from

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Hudson to Introduce New Retail Concept in Airports

Details: Hudson to Introduce New Retail Concept in Airports. On Aug 5, 2021. Without question the state of travel is evolving in light of the coronavirus crisis, but the retailer Hudson is debuting its own evolution in airports. Hudson, a Dufry company, is introducing Evolve by Hudson, a concept shop format geared for its stores in airports.

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Seattle’s housing market is cooling — but that doesn’t mean it’s …

Details: As Craig Anderson started shopping for a new home early this year, what he saw was “just incredible,” he said. Homes sold for $100,000 to $150,000 over the list price. He lost out on two houses offering a mere $50,000 to $60,000 over the list price, he said. “I just wasn’t willing…

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It's a horrible time to buy a house

Details: There aren’t that many homes to choose from: The National Association of Realtors recently estimated that existing housing inventory could run out in two months — a record-short time frame. There are more real-estate agents in the US (1.45 million) than there are homes for sale (1.04 million), The Wall Street Journal reported.

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With moratorium ending, more than 8 million households face …

Details: The report also touches on the sharp increase in home prices since mid-2020, the shortage of homes available for sale nationwide and the homeownership gap between Black and White Americans. The Black homeownership rate was 46% during the first quarter of 2021 compared to 74% for White Americans, researchers said.

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Government meddling has turned the rental market into a farce

Details: For every new property that comes to market, there are 24.4 new registered buyers. The lack of homes for sale is in part caused by there being few properties to rent. Stephen Christie-Miller, of Savills estate agents in Henley-on-Thames, said: “Our rental office normally has 30 or 40 houses. Now, literally, they have two.”

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See Where Home Prices Are Skyrocketing in Connecticut

Details: The competition in Connecticut’s real estate market is fierce in 2021. With an extremely low supply of available homes for sale and skyrocketing demand, some would-be buyers feel as though it is becoming increasingly difficult to afford the cost of …

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Beware the backlash as financiers muscle into rental property

Details: Soon it was spending $125m on homes each week. That same year Blackstone created Invitation Homes, now the largest owner of single-family rental houses in America, before taking it public in 2017 and selling off its shares two years later. Today Invitation Homes owns 80,000 homes out of a total market of 16.2m single-family rental homes.

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Nowhere to call home: Buyers struggle in Steamboat’s …

Details: Seeing for sale signs in the Silver Spur neighborhood is rare these days, as people looking to make the move to Steamboat Springs are making for a very competitive housing market. (Photo by John F. Russell) STEAMBOAT SPRINGS — Ed Allbright remembers when buying a house in Steamboat Springs only…

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Palm Beach is running out of mansions for sale

Details: There is now about a one-month supply of homes for sale in Palm Beach, a record low, according the Miller Samuel. As of the end of the second quarter, there were only 25 homes for sale — and the real number may be smaller due to homes already in contract or heading to contract.

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The Housing Market Forecast for the Rest of 2021, According To …

Details: “The real estate market in the first half of 2021 bore the surging demand from a millennial reshuffling,” said Greg Toschi, CEO of Poplar Homes, a California-based real estate technology and services company. “Millions of older millennials are creating families and …

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Cozy cottages and bungalows for sale across America

Details: Cozy cottages and bungalows for sale across America Christine Clark 8 hrs ago Small But Beautiful Consider the cottage or bungalow. Though they may not be the best choice for large families, their charm and general affordability make them a great …

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Historic Portland homes for sale: Gilded fixtures and Beverly Cleary …

Details: In this week’s real estate gallery, we look at historic Portland-area homes for sale and tease out the facts and the rumors. The Portland mansion Beverly Cleary called haunted is for sale at $4,995,000: Frank C. Barnes, who was a leader in the Pacific Northwest salmon packing industry, carved out about three blocks from his land holdings to

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Should You Prepare For a Housing Market Crash in 2021

Details: If you’re planning to buy a home, Murray recommends avoiding overpaying if possible. “It goes without saying that the housing market is extremely competitive currently, with many homes for sale receiving 10-25 cash offers,” he said. “This generally means …

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Frenzied housing market putting homeownership out of reach for …

Details: In this video, real-estate agent Beth Meyer of 605 Real Estate in Sioux Falls discusses the “pretty crazy” housing market in eastern South Dakota in which some buyers are offering up to $60,000 over asking price for available homes. Photo/video: Danielle Ferguson, South Dakota News Watch. An urban and rural issue in S.D. and U.S.

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50 Housing Markets That Are Turning Ugly

Details: While home prices nationwide have climbed an average of 9.4% over the past two years, prices have dropped 1.4% in Fort Myers over the same period. Plus, houses for sale spend 105 days on the market in Fort Myers, on average, compared with a national average of 66 days. Find Out: 50 Cities Where It’s Cheaper To Buy a Home Than Rent

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How to invest in single-family rentals without buying a house

Details: Fundrise, which started in 2012 as a crowdfunding platform for commercial real estate, is broadening its scope to single-family rental homes. Investors can get in for as little as $500. Thanks to a new $300 million credit facility from Goldman Sachs, Fundrise is buying thousands of homes from builders like D.R. Horton, mostly in the Sun Belt.

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Opinion: The hot housing market is heading for a cooling off …

Details: The increase in home prices is stunning. Nationwide, house prices are up double digits over the past year, and this comes after a decade of solid price gains since the housing market bottomed in the aftermath of the financial crisis. Indeed, the median existing home price — half of homes sold for more and half for less — is closing in on $350,000, almost double what it was a decade ago.

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U.S. Housing Market Needs 5.5 Million More Units, Says New …

Details: Construction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels, according to a new National Association of Realtors report, which is calling for a “once-in-a-generation” policy response.The industry lobbying group said it hopes the report, which was released Wednesday, persuades lawmakers to…

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Housing market continues to surge in New Hampshire

Details: The real estate market in New Hampshire has seen a significant increase in demand and has shown no signs of slowing. Since last March, the New Hampshire Association of Realtors said the median sales price of single-family homes has risen 16.5% to about $363,000. Supply has also fallen, the association…

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Realtors Hire House Sitters After Vacant Sacramento Homes …

Details: SOUTH SACRAMENTO (CBS13) – Once you put the ‘For Sale’ sign in the front yard, you may have just posted an invitation for squatters and burglars. Local realtors are fed up with the crime targeting their properties and they’re taking up an old tactic again – they’re hiring house sitters.…

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Revealed: the huge British property empire of Sheikh Mohammed …

Details: The huge property portfolio apparently owned by Sheikh Mohammed bin Rashid al-Maktoum and his close family ranges from mansions, stables and training gallops across Newmarket, to white stucco houses in some of London’s most exclusive addresses and extensive moorland including the 25,000-hectare Inverinate estate in the Scottish Highlands.

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Phoenix No. 1 housing market negatively impacted by investors

Details: Investors help buyers in big metros with limited homes for sale. In April, investors added to the number of homes on the market in 19 of the 50 largest U.S. metros, with Atlanta (+399 homes), Dallas (+239 homes), Baltimore (+188 homes), Los Angeles (+112 homes) and San Francisco (+93 homes) seeing the biggest contributions.

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arizona housing bidding wars

Details: Valley real estate company asks potential tenants to bid on home for rent PHOENIX — We've heard of a bidding war when it comes to homes for sale, but bidding on homes for rent?? That's… Trending News Trump hits CNN during speech Chip crisis dashes industry’s hopes for post-pandemic… Stocks Close Higher After Monday’s Selloff; Oil

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Phoenix No. 1 in nation for growth in home values and rent

Details: The Phoenix residential real estate market is booming, recording the highest annual growth in both home values (17.1%) and typical rent (8.4%) among the nation’s largest metros, according to Zillow’s latest market report. Extreme demand driven by exceptionally low mortgage rates, demographic pressures and pandemic trends kept the housing market boiling…

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Rental bidding wars heat up as economy improves in tight …

Details: Single-family rental REITs, namely Invitation Homes and American Homes 4 Rent, have been reaping the rewards, beating estimates in their latest earnings releases on strong occupancy and revenue. Rental demand pushed American Homes 4 Rent’s results beyond expectations, CEO David Singelyn said in a recent call with analysts.

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Which out-of-state buyers are interested in Utah real estate

Details: SANDY – It’s a question everyone’s asking: Who is fueling Utah’s real estate frenzy? A new list provides some insight into who’s searching for homes for sale in the Beehive State. The multiple listing service UtahRealEstate.com provided KSL TV a list of the top states with people visiting its website from June 2020 to June 2021.

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East Bay homes lingering on the market

Details: Real estate experts are beginning to notice that the recently red hot East Bay home market is beginning to show signs of cooling off, with homes lingering on the market. Silicon Valley’s multi-family rental rates up over 2020 dip

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O Block In Chicago Listed For Sale

Details: Parkway Gardens, the notorious housing project in Chicago known as O Block, is currently up for sale. The real estate company that owns the property is looking to sell all of the 694 apartments that span three buildings between 63rd and 65th streets. The housing complex is well-known nationally for its high rate of gang violence.

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As housing supply shortage intensifies, prices jump 18%

Details: The median home-sale price increased 18% year over year to $344,625 — an all-time high for housing prices — according to a new report from Redfin, the technology-powered real estate brokerage.. Below are other key housing market takeaways for more than 400 U.S. metro areas during the 4-week period ending April 18. READ ALSO: Is a housing market crash on the way in 2021?

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Old house sales boom means expensive headaches for buyers

Details: Data from Realtor.com shows that sales of homes built more than 100 years ago rose by 16 percent in 2020 in the tri-state area compared to last year, with a median sale price of $236,000. During the same period, New York City saw a sales decline of 6 percent overall. “The biggest ask right now is ‘something old with character’ — newer

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What $700,000 buys in seven L.A. communities

Details: The house: A yellow door offsets the blue exterior of this remodeled one-story with new floors, new tile, new appliances and a new kitchen. For extra income, buyers can rent out the back bedroom, which comes with its own entrance and kitchen. The address: 3306 Gleason Ave., Los Angeles, 90063 The price: $688,000 The specs: Four bedrooms and three bathrooms in 1,262 square …

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During historic year, Houston homes 'flying off the shelves' as

Details: Houses are frequently drawing multiple offers, often above the asking price and can sell in a matter of days if they’re in good condition, according to local real estate agents. The median price of a single-family home reached $260,212 in 2020, up 6.2 percent from 2019, according to an analysis of home sales and prices compiled by the Houston

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Homes That Sold for Around $440,000

Details: Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales. The “list price” is the asking price when the property came on the market with the most recent broker.

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Real estate industry faces hurdles in NY's new legal weed business …

Details: New York State took a huge step this month legalizing marijuana toking anywhere smoking is allowed. Naturally, the commercial real estate industry is jonesing for a cut of that action. After all, the new legal pot industry will require growing, manufacturing, offices and …

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Homes That Sold for Around $750,000

Details: Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales. The “list price” is the asking price when the property came on the market with the most recent broker. The time on the market is measured from the most

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California, NY taxes driving Texas real estate

Details: California, NY taxes driving Texas real estate. On Aug 25, 2021. Land Tejas Executive Vice President Uri Man explains why some Texas cities are reportedly the best places to buy a house in the U.S. Low tax rates and warm weather are attracting homebuyers to the Lone Star State. Land Tejas Executive Vice President Uri Man said high taxes in

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A $50 Million Hawaii Estate Is Headed for Auction—Unless …

Details: The property has ⅔-mile of oceanfront, said listing agent Neal Norman of Hawaii Life Real Estate Brokers. There are three small homes—a 950-square-foot house and two, 500-square-foot guest cottages that are licensed as vacation rentals, according to marketing materials. Mr. Norman said that zoning allows for at least five additional, large

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