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  • These are the 10 cities seeing the most price cuts for homes
    Real Estate News

    These are the 10 cities seeing the most price cuts for homes

    July 15, 2022 /

    Daniel Acker | Bloomberg | Getty Photographs More property sellers are dropping their asking costs as climbing house loan interest fees and inflation have eased levels of competition in the housing marketplace. Some metropolitan areas are viewing far more rate cuts than many others. Boise, Idaho, took the lead in June, with 61.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of sellers slicing their asking charges, in accordance to a new report from Redfin, a real estate brokerage. Boise was just one of the hotter pandemic marketplaces, as the work-from-everywhere lifestyle prompted countless numbers of folks to flee pricier marketplaces like San Francisco and Los Angeles. A yr ago, just about a quarter of sellers in Boise…

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    Jerry Schmidt Comments Off on These are the 10 cities seeing the most price cuts for homes

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    Mega-mansions suffer massive price cuts at real estate auctions

    Mega-mansions suffer massive price cuts at real estate auctions

    April 20, 2022
    US Supreme Court Denies NAR Petition In Pocket Listing Case

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  • Mega-mansions suffer massive price cuts at real estate auctions
    Real Estate News

    Mega-mansions suffer massive price cuts at real estate auctions

    April 20, 2022 /

    An aerial view of the grounds of Villa Firenze in Beverly Hills, California. Concierge Auctions When high-priced mega mansions for sale languish on the market — sprawling, flashy and unable to attract a buyer — some owners turn to a double-edged option: a real estate auction. The auction block can move trophy properties with nosebleed-worthy price tags quickly, after years of idling. But it comes with a harsh reality. An auction can act as a metaphorical real-estate guillotine, slicing inflated asking prices in half or worse, according to a CNBC review of recent sales. The three highest-priced homes ever to sell at auction each came up for sale in the…

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    Jerry Schmidt Comments Off on Mega-mansions suffer massive price cuts at real estate auctions

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    5 signs the real estate market is cooling in Maine

    5 signs the real estate market is cooling in Maine

    May 30, 2022
    Investors are pulling back from the housing market, Redfin says

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    February 17, 2023
    Housing Prices Will Fall in Next 6 Months

    Housing Prices Will Fall in Next 6 Months

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  • N.B. government sacrifices little revenue with rental property tax cuts
    Investment Property

    N.B. government sacrifices little revenue with rental property tax cuts

    March 28, 2022 /

    Thorough property-by-assets figures display tax payments experiencing New Brunswick landlords this 12 months will mostly be heading up, not down, inspite of a sizeable tax charge reduction announced last 7 days by Finance Minister Ernie Steeves and additional tax cuts remaining implemented by municipal governments. Huge assessment raises on rental qualities are extra than offsetting tax reductions in several scenarios, confirming claims by landlords they will spend a lot more and undermining tips by the province that it is offering up substantial revenues by lowering tax costs on apartment properties. “You can find a misunderstanding proper now from the tagline that the federal government has put out there that landlords are…

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    Jerry Schmidt Comments Off on N.B. government sacrifices little revenue with rental property tax cuts

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    How to make your investment property the one that tenants want

    How to make your investment property the one that tenants want

    May 31, 2022
    ‘Jurassic Retreat’ in Washington up for sale for $1.29M as a lucrative income property

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    November 4, 2022
    Markets Drive Returns as Much as Property Type in CRE Investing

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    January 19, 2023
  • Homie layoffs: Utah real estate disruptor cuts staff due to housing market issues
    Real Estate News

    Homie layoffs: Utah real estate disruptor cuts staff due to housing market issues

    February 15, 2022 /

    Utah actual estate market place disruptor Homie introduced companywide layoffs previous week as the tech startup lowered its workforce by some 28{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} amid unparalleled ailments for home customers and sellers in Utah and all-around the region. Homie co-founder and CEO Johnny Hanna reported the team reductions impacted 119 workers across the company’s operations in Utah, Arizona, Colorado, Idaho and Nevada. Hanna, a veteran Utah entrepreneur, claimed a confluence of current market situations place the firm in a situation of needing to make vital variations he described as the hardest choice he’s had to make in his occupation. “Record reduced inventories have completely played a function in this,” Hanna explained. “2021…

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    Jerry Schmidt Comments Off on Homie layoffs: Utah real estate disruptor cuts staff due to housing market issues

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    The housing market was on a wild ride this year. Here’s what to expect in 2022

    January 4, 2022

    Zillow’s home-buying debacle shows how hard it is to use AI to value real estate

    November 10, 2021
    AI Won’t Spell The End Of Real Estate Agents. A Court Decision Will

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    March 9, 2023
  • How Adam Neumann’s Property Cuts His Taxes
    Real Estate News

    How Adam Neumann’s Property Cuts His Taxes

    January 22, 2022 /

    Previous WeWork CEO Adam Neumann (Getty Pictures, iStock, Garden 8 Miami, Stacks on Main, Trulia, Electric power Style and design Inc., Inkwell Decatur, Wikipedia, Illustration by Kevin Cifuentes for The Authentic Deal) When Adam Neumann was ousted from WeWork, he reportedly acquired virtually $200 million, additionally firm inventory well worth hundreds of millions more, Online Education. But with wonderful purses arrives good liability — tax liability, that is. Decreasing it was undoubtedly a priority for the exiled co-founder, and the genuine estate he acquired with his windfall figures to do just that. Neumann’s purchase of a the greater part stake in a $1 billion-as well as luxurious rental portfolio can…

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    Jerry Schmidt Comments Off on How Adam Neumann’s Property Cuts His Taxes

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    Real estate agents say they can’t imagine working without ChatGPT now

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    January 29, 2023
    US real estate market may be cooling, depending on who you ask

    US real estate market may be cooling, depending on who you ask

    August 15, 2022
    Investigation: Real estate company accused of deceptive practices

    Investigation: Real estate company accused of deceptive practices

    December 7, 2022

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