Thursday, 30 January 2025

D. Ong

Here’s Where $1,500 Can Get You the Most and Least Apartment Space in the US: Analysis

The study focused on multifamily properties of 50 or more units in cities with a population of more than 225,000.
US Mortgage Rates See Sharp Decline, Lowest Level Recorded in Over a Year

Mortgage rates on a 30-year loan dropped to 6.47% this week, falling from a peak of 7.22% in May this year.
A Starter Home in the US Now Costs $1 Million in Over 200 Cities: Report

Starter homes are defined as properties in the lowest third of home values in a given region or area.
Tech Billionaire Scott McNealy Sells His Luxury Bay Area Mansion at Nearly $62M Loss

The mansion sold for only $35 million, nearly 65% below its original asking price of $100 million. Tech billionaire Scott McNealy, co-founder of Sun Microsystems, has sold his luxury Bay Area mansion for nearly $62 million below its original asking price.
Magician David Copperfield Sued for Trashing Manhattan Penthouse, Compromising Building’s Structural Integrity

Photos of Copperfield's unit showed peeling paint, crumbling ceilings, and a rusty bathtub. A New York City condominium board has filed a lawsuit against famous magician David Copperfield after he left his $7 million Manhattan penthouse in shambles, threatening the building's structural integrity.
7 Things You Should Never Keep at Home To Avoid Clutter

Are you looking for ways to keep your home tidy? Here are some things you should consider removing to achieve a clutter-free home.
Younger Buyers Are Sacrificing Safety, Access to Healthcare To Afford a Home: Survey

Gen Zers are most likely to trade safety in order to afford a home, the survey found. Nearly one in five younger house hunters said they are willing to put their safety at risk to afford a home, in addition to other sacrifices such as access to healthcare services.
Airbnb To Expand Beyond Short-Term Rentals, Will Soon Offer ‘Experiences’ and Co-Hosting Services

Airbnb's new plans are part of an effort to sway more travelers from choosing to stay in hotels.
More Than Half of Americans Believe Homeownership Will Remain Unattainable Despite Fed Rate Cuts: Report

A recent analysis also found that a September rate cut from the Federal Reserve would unlikely relieve the US housing affordability crisis.
Here’s Everything That Will Change for People Buying and Selling Real Estate Properties

Provisions in a settlement agreement between the NAR and home sellers are set to take effect beginning Aug. 17.
Real Estate Tips: A Quick Guide To Successful Virtual Staging

Are you looking for ways to attract potential buyers? Here's why you should consider virtual staging.
Real Estate Tips: A Comprehensive Guide Into Mortgage Interests and How It Affects Payments

If you're new to the market, here's a comprehensive guide on mortgage interests to help you make informed decisions about your home financing.
Biden’s Rent Hike Cap Proposal Faces Pushback From Real Estate Groups

The NAR said Biden's proposed rent hike cap would not work in improving the financial situation of renters.
US Housing Market Unlikely to See Much Relief in the Second Half of 2024: Experts

Foreclosure activity in the first half of 2024 has surpassed 177,400 as housing costs continue to soar.
Homebuilder Sentiment Falls To Seven-Month Low Amid High Mortgage Rates

Homebuilders sentiment fell to 42 points in July, the lowest level recorded since December 2023. Homebuilders are feeling worse about the housing market than they've ever been since December 2023 as high mortgage rates curtail new home sales.
Biden Announces Plan To Curb Annual Rent Hikes by Penalizing Landlords

The plan will cover more than 20 million rental units in the United States. President Joe Biden on Tuesday unveiled a proposal that aims to cap rent hikes by penalizing landlords who raise rents by more than 5% yearly.
A Comprehensive Guide To Becoming a Successful Military Relocation Professional

Are you hoping to specialize in military relocation? Here is a comprehensive guide. The real estate industry offers various specializations, and one that has gained significant importance is the role of a Military Relocation Professional (MRP).
A 2024 Guide on Renting With an Eviction on Your Record

Renting with an eviction on your record is not impossible, especially if you know the right approach. Here's a quick guide.
Newly Built Homes Will Continue Getting Smaller Due to High Constrcution Costs: Report

Many architectural designers are now removing hallways to cut the construction costs of new homes. Newly built homes have gotten smaller and will likely keep getting smaller as builders hope to cut construction costs.
King Charles Allegedly Purchased a $6M Condo in New York City’s Billionaires’ Row

King Charles was named in closing documents filed in city records for a $6.6 million condo at 111 West 57th Street.
A Trump Win Could Lead to Booming Home Sales: Real Estate Experts

One real estate expert said Trump could push the Federal Reserve to lower its interest rates. The US presidential election is fast approaching, and with the housing market struggling with affordability, some experts are speculating about the potential impact of Donald Trump winning.
This Billionaire Just Purchased the Most Expensive Home Ever in San Francisco City

The sellers originally wanted $100 million for the San Francisco property. Laurene Powell Jobs, a billionaire investor and philanthropist through her Emerson Collective and widow of Apple founder Steve Jobs, just bought the most expensive single-family home ever recorded in San Francisco history.
4 Kitchen Renovation Trends That Contractors Hate the Most

Are you planning on hiring a contractor to renovate your kitchen? Here are some design trends that can be problematic from a contractor's perspective.
A 2024 Complete Guide To Building a Real Estate Team

Building a real estate team could help you significantly increase your productivity and returns. Here's a guide on creating a successful team in today's market.
Over Half of Gen Zers Are Now Willing to Purchase Fixer-Uppers Amid US Housing Affordability Crisis: Survey

In addition, 56% of Gen Zers said they would be willing to put in an offer on a home with asbestos amid soaring home prices and mortgage rates.
More Than 170,000 Americans Have Already Lost Their Homes to Foreclosure in 2024: Report

Foreclosure filings in the first half of this year are up 7.8% from the same period in 2022. Thousands of Americans stood to lose their homes in the first six months of 2024 as more than 170,000 homes in the United States had foreclosure filings.
One of California’s Largest Home Insurers Plans To Raise Insurance Rates by More Than 30%

The increase would vary from home to home, with premiums for some houses to increase as much as 647%.
5 Essential Real Estate Photography Tips for Eye-Catching Listing Photos

Want to get stunning listing photos? Here are some tips to keep in mind. In the competitive world of real estate, high-quality listing photos can make a significant difference in attracting potential buyers and selling properties faster.
4 Things To Consider Before Buying a Home in a Hurricane Zone

Carefully considering these factors could increase your safety and security while living in these vulnerable regions.
Upstate New York Property Previously Owned by Sylvester Stallone Lists for $4.29M

The property offers 180-degree views of the Hudson River and over 4,600-square-feet of living space.

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