Real Estate News
-
Real estate market will continue to move in ‘fast direction’ amid pent-up demand: Century 21 CEO
Century 21 President and CEO Michael Miedler argues the real estate market is still hot right now likely because ‘a lot of buyers are trying to rush in and beat any more increases in the mortgage rate.’ Century 21 President and CEO Michael Miedler argued on Monday that the real estate market is not “ready to taper right now” and will continue to move in a “fast direction” amid pent-up demand. Miedler told “Mornings with Maria” that the market is still currently hot because “a lot of buyers are trying to rush in and beat any more increases in the mortgage rate.” He made the comments on “Mornings with Maria”…
-
New normal? Seattle housing market shows signs of seasonal cooldown although inventory remains tight
Seattle’s booming housing market continued to show minuscule signs of a seasonal slowdown last month, providing little, if any, relief to buyers according to Zillow’s latest market report which examined nationwide housing trends in October. The seasonal reprieve in the hot housing market began in September as prices began to stabilize from last year’s record gains. For the Seattle metro, the new report found the typical home value was $695,058 in October, up 21.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} — or $124,712 — compared to the same time last year. The report also showed that home value appreciation has slowed since September and continued to slightly ease last month. However, for-sale inventory remains historically low,…
-
Top Real Estate News for Friday, Nov. 19, 2021: 2 REITs and More Fed Spending
A mall giant and a nursing home REIT could benefit from more public spending, two Fools parse out residential iBuying, why UWM stock surged today, outer space commercial real estate, and don’t sleep on the pandemic. Two REITs that would benefit from the government putting more money into the economy With an infrastructure bill now signed into law and a huge package addressing social spending and climate change passed by the House today, now might be a good time to look at real estate investment trusts (REITs) that could benefit from more government money going into the economy. Motley Fool contributor Reuben Gregg Brewer picks out mall giant Simon Property…
-
Oregon sued over law banning real estate ‘love letters’ in hot market
A serious estate business is in search of to block a new Oregon regulation that bans authentic estate agents from forwarding “love letters” from homebuyers to sellers. The lawsuit submitted in federal court docket Friday by the conservative Pacific Legal Basis on behalf of Complete Genuine Estate Group alleges the state’s ban on these communications violates the First Amendment legal rights of real estate brokers and their clients. “This censorship is primarily based on mere speculation that sellers might sometimes depend on info in these letters to discriminate primarily based on a protected class,” in accordance to the lawsuit. Oregon Attorney Standard Ellen Rosenblum and Oregon Authentic Estate Commissioner Steve Strode could…
-
Why Did Jeff Bezos Pick This Particular Maui Compound?
Amazon founder Jeff Bezos has accomplished a buying trip in Maui. The multibillionaire and his girlfriend, Lauren Sanchez, reportedly built a substantial land seize on the Valley Isle. The off-market deal was stated to be at a price of $78 million, which would set a new file for actual estate on Maui. So what led the suborbital place traveler to snap up the earthly delight? We spoke with neighborhood specialists for an within look at. But to start with, some track record. Known as the Carter estate, the house is situated on the island’s southern shore. Doug Schatz, co-founder of Colorado’s Innovative Power, formerly owned the distribute on La Perouse…
-
Cops Follow Money Trail in Mystery Death of Colorado Real Estate Broker
USFWS via Wikimedia Commons A Colorado couple accused of stealing more than $2 million worth of real estate from a local man, then possibly planning to flee to non-extradition countries such as Cuba, Venezuela, or the African archipelago of Cape Verde, have been named as suspects in his mysterious death. Earlier this month, police in Longmont, Colorado arrested Savuth Yin, 26, and Yulisa Yin, 24, who are accused of forging deeds to illegally transfer ownership of multiple properties owned by 77-year-old Fred Oelke, a real estate broker whose body was found on Sept. 15 and identified publicly by authorities on Wednesday. Although cops have not yet revealed any information about…
/https://www.thestar.com/content/dam/thestar/business/real_estate/2022/05/13/it-was-like-a-flip-of-a-switch-how-torontos-real-estate-agents-are-coping-in-the-cooling-market/kumarasamy.jpg){kind=small}
/https://specials-images.forbesimg.com/imageserve/613b6049667790eaacde2e03/0x0.jpg){kind=small}
