February, 2022 - Sueep
Celebrity

Real estate firms join forces to expand electric vehicle adoption in the USA

Indianapolis broker F.C. Tucker is partnering with electric vehicle subscription and purchase service Motor to provide access to electric vehicles for its real estate agents and their clients. The new charge-ahead program aims to accelerate electric vehicle adoption in central Indiana.

As part of a partnership that includes more than 1,500 F.C.s. A Tucker agent in the area, Motor will install electric vehicle charging stations at several Indiana real estate company offices. Motor will also offer electric vehicle subscription services and charging options for individuals and businesses.

Agents get exclusive discounts through partnerships. For example, real estate professionals are eligible to install a home Level 2 charger for free within a two-month membership.

 

 

 

 

 

 

 

 

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Joe Pesci’s Jersey Shore home in La Valette, N.J., sold for $5 million, according to the Los Angeles Times

That’s a big drop from the actor’s first $6.5 million waterfront home launch in November 2019. As we’ve previously reported, this is by far the most expensive real estate offer in the coastal city.

The current median home price in the area is $804,000. Because it was the most expensive house, it took a while to sell. However, Pesci is back at the sticker price.

The 7,200-square-foot modern building was built in 1990 and features eight bedrooms and eight bathrooms. Access to the two-story building is via a spiral staircase or elevator.

 

 

 

 

 

 

 

 

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Prices rose the most in Sun Belt cities like Miami and other Florida hotspots, up more than 50%

To the dismay of renters, rental prices continue to trend upward, with rental prices in the nation’s top 50 metropolitan areas rising 19.8% annually in January, according to a recent Realtor.com® report.

It was the eighth straight month of double-digit increases in home prices, as the average rent in January was $1,789 a month. The report covers studios and one- and two-bedroom units.

Prices rose the most in Sun Belt cities like Miami and other Florida hotspots, up more than 50%.

Studios saw the biggest price increase in the top 50 metro areas, up 21% year over year (up $256 per month) to $1,476. One- and two-bedroom units rose 19.2% year over year to $1,652 and $2,000, respectively.

 

 

 

 

 

 

 

 

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2021: 20 climates disasters that each resulted in losses of at least 1 billion in the USA

According to CoreLogic, about 1 in 10 households will be affected by a natural disaster in 2021.

There will be 20 climate-related disasters in the United States in 2021, each costing at least $1 billion, according to NOAA.

More than 14.5 million households caused nearly $57 billion in property damage.

This wreaked havoc on American families. About 1 in 10 homes have been affected by natural disasters, according to a study released Thursday by real estate research firm CoreLogic. More than 14.5 million households caused nearly $57 billion in property damage.

According to CoreLogic, winter storms in the middle of the country had the greatest impact, hitting more than 12.7 million homes and causing more than $15 billion in property damage. Better wall and ceiling insulation, higher window standards, and minimising plumbing stress could make future homes better protected from the cold, CoreLogic suggests.

 

 

 

 

 

 

 

 

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The Walt Disney Company is entering into the real estate world

The Walt Disney Company is bringing “Storyliving by Disney” to those who want to live out the Disney magic beyond the silver screen. It announced it will be building a housing development in Southern California—the first of what they plan to be many across the U.S.

The development, to be built in collaboration with DMB Development, will be located in Rancho Mirage, Calif., and will be constructed on a 24-acre “grand oasis featuring clear turquoise waters with crystal lagoons,” a release announces, adding in that will be built sustainably with low water consumption. The planned neighborhood will be called Cotino.

Disney has gotten into residential real estate in the past. Disney has sold luxury vacation homes through a 980-acre gated Golden Oak community in Florida. Also, in 1996, Disney developed a 5,000-acre residential community known as Celebration, Fla., about 20 miles outside of Orlando.

 

 

 

 

 

 

 

 

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Digital real estate sales topped $85 million last month and are on track to hit $1 billion by the end of the year

Since Mark Zuckerberg renamed Facebook’s parent company Meta, just about everyone wanted a piece of the pie. Real estate is an important feature of the Metaverse. A place where virtual reality reigns supreme and digital avatars replace humans. According to venture capitalist Matthew Ball, individuals and companies are lining up to claim their land titles in what many see as the latest wave of computing.

The Metaverse is designed to accurately reflect reality, with features like gaming and space exploration added for good measure. If you’ve ever played Fortnite, you’re no stranger to the concept of digital avatars and skins. But Metaverse allows users to experience the online experience more deeply.

 

 

 

 

 

 

 

 

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U.S commercial real estate investment will hit a record 746 billion in 2021


The commercial real estate market is booming. U.S. commercial real estate investment will hit a record $746 billion in 2021, according to a new report from CBRE. This is an 86% increase from the previous year.

In context, however, that’s compared to when the COVID-19 pandemic hit the U.S. in 2020, triggering a massive downturn in retail across the board.

But 2021 marks a comeback for the business industry. Multifamily led all industries in fourth-quarter and full-year investment. It made $136 billion in the fourth quarter and $315 billion for the full year, according to CBRE.

 

 

 

 

 

 

 

 

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Red Hot Chili Peppers bassist lists rock ties worth $9.8 million in SoCal

A pair of striking thoroughbred properties designed in different eras by architects Richard Neutra and Michael Maltzan are listed together.

Located in the La Crescenta suburb outside Los Angeles, the product is priced at $9,799,000.

According to Dirt, the owner of this cool compound is Red Hot Chili Peppers bassist Michael Peter Balzary, better known as Flea.

Neutra’s design is a 1,350-square-foot two-bedroom, one-bath condo with glass walls and a Bear Valley stone fireplace

 

 

 

 

 

 

 

 

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Miami is the most expensive real estate market in the country this 2022

According to a RealtyHop report, Miami is the most expensive real estate market in the country, surpassing New York.

Home prices in Miami have risen during the pandemic, driven by an exodus of homebuyers and renters from other states, many of whom have moved out of the Northeast. At the same time, wages have not grown at the same rate.

According to RealtyHop’s February Affordability Index, a family in the city of Miami needs to spend 78.7% of their income on housing costs. This is based on a median home price of $589,000 and a projected median household income of $43,401.

 

 

 

 

 

 

 

 

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“Housing Super App”: The new Zillow’s bet for 2022.

After announcing in November that it was exiting the iBuying business and laying off 25% of its workforce, Zillow Group launched a new growth strategy in the form of a “housing super app,” a digital platform designed to create easier and more convenient access. Simplify the moving process for clients.

Moving can add an additional $26,000 to $40,000. According to Zillow, 6.1 million existing homes in the U.S. will change hands in 2021. The company estimates that about 4.1 million or 67 percent of those home buyers use Zillow’s website and app.

Zillow’s efforts are expected to translate into annual revenue of $5 billion and an adjusted profit margin of 45% by the end of 2025.

 

 

 

 

 

 

 

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