Real Estate News
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Here’s Where Home Prices Are Headed in 2022, According to Experts
MikeCanada / Getty Images/iStockphoto No doubt about it — the real estate market has been white hot in 2021. But if you didn’t make a move this year, and you’re thinking about buying or selling — or both — next year, you’ll want to know what to expect. Read: Craziest Things That Kill Your Home’s ValueHome Improvement: 20 Home Renovations That Will Hurt Your Home’s Value As of Nov. 10, the 30-year fixed mortgage rate was 2.98{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, which is actually the lowest it’s been since Sept. 23. If you’re planning to buy a house, you’re almost definitely pleased that rates aren’t exactly skyrocketing — but will it last? Several real…
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Lawsuit claims Oregon’s real estate ‘love letter’ ban stifles free speech
Free speech advocates have filed a preliminary injunction against Oregon’s new law banning love letters from prospective home buyers. Kristian Foden-Vencil / OPB Free speech advocates have filed a preliminary injunction against Oregon’s new law that bans so-called “love letters” from prospective home buyers. Total Real Estate Group out of Bend wants a federal judge to block Oregon’s law before it goes into effect in January. The law would stop real estate agents from passing along personal pitches to sellers. Proponents say these letters can be the only edge a first-time buyer has against deep-pocketed investors that buy up entry-level homes to flip or rent out. The concern is that…
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A peek inside the most expensive home for sale in Weston, Florida
Aerial view of 3030 Meadow Lane in Weston Florida at twilight. Daniel Petroni This 12,323-square-foot mansion recently hit the market with a $14 million price tag, making it the most expensive listing the city of Weston, Florida, has ever seen. The 27-square-mile city is about 31 miles northwest of Miami in the westernmost part of Broward County. Its northern and western borders flank the Florida Everglades. Aerial view of the lakefront Monarch Estate in Weston, FL. Daniel Petroni The seven-bedroom, 11-bath lakefront residence is in the Windmill Ranch Estates community, Weston’s first residential development, dating back to 1984, according the city’s website. Weston has a population of 68,305, according to…
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China’s real estate uncertainties persist, fueling market anxiety
Listings of apartments for sale displayed at a real estate office in Shanghai, China, on Monday, Aug. 30, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors on edge — these news headlines could cause troubles in the sector to spill into the rest of the economy, says S&P Global Ratings. While the plunge in Evergrande’s shares has abated, the volatility in other Chinese real estate companies has continued this month. On Thursday, Kaisa shares briefly popped 20{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} after news it could stave off default. On the same day, a Shanghai-traded bond from developer Shimao plunged 30{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9},…
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Virtual real estate plot sells for record $2.4 million
LONDON, Nov 23 (Reuters) – A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com (COIN.NLB) and Decentraland said on Tuesday. Decentraland is an online environment – also called a “metaverse” – where users can buy land, visit buildings, walk around and meet people as avatars. Such environments have grown in popularity this year, as the pandemic caused people to spend more time online. read more Register now for FREE unlimited access to reuters.com Register Interest surged last month when Facebook changed its name to Meta to reflect its focus on developing virtual reality products…
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What you need to know about buying a home
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images Higher prices are almost everywhere. Americans are paying more these days for products like food and gasoline, thanks to rising inflation. Of course, this rising inflation will also impact the cost of buying a new home. “With inflation rising so aggressively and the fact that people’s salaries and weekly income are not rising at the same rate, we end up with less discretionary money to spend each month,” said George Ratiu, manager of economic…
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