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How Preservationists Are Losing the Fight Against Luxury Real Estate
Poughkeepsie’s historic preservation fee has adamantly opposed this system, declining to concern a certificate of appropriateness. This has prevented the developers from acquiring the essential permits to continue, and they have appealed the choice. Metropolis legislators upheld it, and the developers have sued. The case is continuing. In spite of the lawsuit, the metropolis just lately closed on the sale of the home and is performing with the developers to hammer out a settlement. “We have a housing challenge — it has been referred to as a crisis — and this site is a great spot for market place-fee houses,” stated Poughkeepsie’s mayor, Robert Rolison. The existing deal would protect…
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Real estate expert says Austin’s housing bubble may be about to burst

 In March, scientists at the Federal Reserve Bank of Dallas warned that a housing bubble was on the horizon in the U.S. Now, 1 authentic estate qualified believes Austin sales opportunities the country’s on-the-bubble housing markets, which could be a deflating development for householders. 
 A housing bubble “occurs when the selling price of housing rises at a rapid tempo, driven by an increase in demand, constrained source and emotional getting,” according to Bankrate. “Once speculators recognize that housing charges are on the increase, they enter the sector, further more driving up demand. The phenomenon is referred to as a bubble because at some level it will burst.” 
 Why…
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Sherman Oaks CA Luxury Homes | Real Estate Brokerage Services Launched
Calabasas,United States – June 8, 2022 — The qualified real estate agent and broker-associate has a longstanding reputation assisting determined buyers and sellers with prestige estates, homes and condos in Calabasas. Agopian is happy to now be bringing her top quality products and services, market acumen and enthusiasm for real estate to new consumers searching for to locate their desire home in Sherman Oaks, or to offer one particular. More specifics can be found at https://www.rosiagopian.co Rosi Agopian Realty’s expansion into Sherman Oaks coincides with the newest genuine estate figures for the region. According to Realtor.com, in April 2022, the median listing residence price in Sherman Oaks was $1.5M, symbolizing…
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The Myth of Passive Real Estate Investing
In my financial planning firm, we focus on serving clients in their 30s to their 50s — and we see firsthand how popular the idea that real estate is a way to get rich (relatively) quick is. That would be fine if real estate was a no-brainer passive-income maker the way so many people think it is. The problem is that narrative doesn’t line up with reality. While real estate can be a good investment, that statement comes with a laundry list of caveats. All the “ifs” and “buts” that surround it mean that investing in real estate (especially with the goal of generating passive income) is more of a…
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Real estate agents reinvent ‘love letters’ to sellers as housing competition remains fierce
In today’s purple-hot housing current market, potential buyers are performing every thing they can to compete. Waiving contingencies, bidding nicely about inquiring selling price, and in some conditions even creating an give on a assets sight unseen are all turning into de rigueur. But what about the humble really like letter? Absolutely, telling a vendor why you enjoy the property and want to make it your very own can only enhance your prospects. Not so rapid, says the National Association of Realtors, which advises against them. According to the corporation, the notes can direct sellers to operate afoul of the Fair Housing Act and can actually endanger a offer. That…
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Real estate agents got $3.9 billion in Covid relief PPP loans. The housing market boomed, but few repaid the loans.
While Covid was battering the U.S. economy, Gary Goldberg seems to have done OK. During 2020, the pandemic’s first year, the Santa Barbara, California, real estate agent sold more than $27 million worth of luxury homes, slightly down from the $31 million he closed the year before, according to data from Zillow. In 2021, he sold $82 million worth of real estate. He also applied for and received two loans totaling $95,832 via the federal government’s Covid relief Paycheck Protection Program, according to public records. In his applications, he listed one employee. He asked for the first loan on April 15, 2020, and the second on Jan. 30, 2021. Federal records show…
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