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Economists polled by The Wall Street Journal expect pending home sales to rise 1%. It was the third straight month of declines for the Pending Home Sales Index, which tracks transactions that have signed contracts but have not yet completed home sales. The West was the only region active in
Simon wants to move out of the home, which has been on the market since 2019 and is no longer available. It’s still up for sale for $12 million. So far, the singer’s downsizing plan has been mistyped. The property is one of the most expensive offers in the town
Russian investors have long pinpointed U.S. luxury real estate. But since the Russian invasion of Ukraine last week, which has sparked worldwide condemnation and sanctions focused on Russia’s elite and their families, Russian buyers likely will make up less of the U.S. housing market, experts say. Sunny Isles, Fla., is known
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
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
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
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.
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
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
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
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
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
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.
The global real estate rental market is expected to grow from USD 2,164.29 billion in 2021 to USD 2,396.61 billion in 2022, at a compound annual growth rate (CAGR) of 10.7%. The increase was primarily due to the company rescheduling its operations and recovering from the COVID-19 impact that earlier
The “big quit” trend sparked by the pandemic has prompted many to leave their current jobs in search of new roles. For many, it’s likely to be real estate, according to Google’s findings. Google has published search trends for the most talked about jobs on its search engine. The list
Samsung, a South Korea-based giant with $200 billion in annual revenue, has created an immersive experience on Decentraland, exploring the corners of their city through various mini-games. After entering through the portal at Samsung HQ or the Samsung 837X (they call it the Metaverse), you’ll see a giant transparent sprite
Soaring mortgage rates have made the prospect of buying a home more expensive for Americans — many of whom are already fed up with the state of the housing market. Freddie Mac reported Thursday that the average rate on a 30-year fixed-rate mortgage was 3.69% for the week ended Feb.
Home prices continue to climb, increasing the wealth of homeowners and putting buyers in a position to consider how much home they can afford. The National Association of Realtors reported Thursday that the median sales price of an existing single-family home in the fourth quarter rose nearly 15% year over
The average home has been on the market for just 61 days, according to January data from Realtor.com. This is the fastest speed ever. Homes are selling faster in several metropolitan markets. In Nashville, the average is only 29 days. In Denver, 35 days. Las Vegas had a rate of
The 6,148 square foot, spacious, airy home offers six bedrooms and 6.5 bathrooms. Details include oak hardwood floors, moldings, soaring ceilings and designer finishes. Layout offers gourmet kitchen, formal room, fireplace, library and bar. There is also a three-car garage. The All-Star forward paid a whopping $7.45 million. The 6,148
Austin rises to #1 for commercial real estate investment According to Crowdstreet the private investment platform, Austin has moved up from its #2 spot last year to #1 The boom can be attributed to the preeence of major companies like Google, Oracle, and Tesla.
Moody’s Investors Service said China’s real estate problems will make it harder for the country’s developers to access the U.S. debt market. Chinese property developers have about $35 billion in dollar debt due this year Problems in China’s real estate sector have been exacerbated in part by the debt crisis
According to MSNBC, Metaverse real estate sales will exceed $700 million in 2021, and some experts predict that this number could double by 2022. An example of this happened this week when someone paid $630,000 for a digital home in the Metaverse next to Snoop Dogg’s computer mat. Someone who
In 2020, she rented the two-bedroom home for $9,950 while living in another apartment in the city. According to the listing, an extensive renovation has just been completed. With 1,200-square-foot and 14ft ceilings and oversized windows, this unit offers two bedrooms, two bathrooms and huge closets. Updates include luxury bathrooms
The Enzino, Calif. home was originally listed for $5,395,000 in November, so Waynes got a small deal — especially considering the red-hot market in the Los Angeles area, where bidding wars are frequent Push the price above the asking price. Built with entertainment in mind, the home’s other luxury features
Profits from a typical home sale last year were just over $94,000, a 45% increase from 2020 profits and a 71% increase from pre-pandemic profits. About 42% of homeowners were considered wealthy at the end of last year available equity (more than the 20% that lenders typically require to back
Stacey Onnen, president of eXp Realty, is leaving her role at the real estate firm to join Keller Williams’ executive leadership team. Onnen has over 19 years of real estate industry experience, from working as a real estate agent and local management broker to executive leadership. At eXp Realty, she
The heritage-style home was originally listed for $5.75 million in August 2021. The following month, the price fell to $5,495,000. It then bounced back on the market at $4,895,000 in January. DiCaprio, 47, bought the luxury 1926 property in 2018 for $4.9 million from musician and DJ Moby. The expansive
They are buying, selling and moving at high rates, driven largely by career changes and the pandemic, according to a new State of Homeownership Report from insurtech platform Matic. On the other hand, senior homeowners are less likely than younger adults to change their living arrangements or consider refinancing, the
Mortgage rates generally held steady this week, a relief for homebuyers who have been watching weekly mortgage rate hikes since the start of the year. “After a month of gains, mortgage rates were virtually unchanged this week,” said Sam Khater, chief economist at Freddie Mac. “The recent rate hikes have
Listed in September 2021 for just under $2.5 million, the Spanish Colony recently changed hands for $2,290,000. Cobain, the only daughter of Hole frontwoman Courtney Love and the late rock legend Kurt Cobain, bought the place in July 2020 for $1,996,000. Disregarding any cash she spent on the makeover, Cobain
Her art home is on the market for $15 million, according to TMZ. The reality star bought the place in 2016 for $6.5 million. Six years later, the price hike reflects the major work and serious dough she put into the historic home. This famous residence, located near Hancock Park,
The pace of pending home sales in December fell 3.8% month-over-month and 6.9% year-over-year, according to a summary of pending home sales data released by NAR. Homes for sale represent homes that have signed a contract to purchase but have not yet closed. They tend to lead existing home sales
The Ai firm AWO which focuses on identifying micro trends before they take place Has stated that online conversations about the metaverse have been robust. In a space where over 100M has also already been invested and land appreciation has demonstrated utility The artificial intelligence platform has stated that the
Home sellers nationwide made $94,092 in profit on a typical sale in 2021, a 71% increase from two years ago, according to a report from real estate data firm ATTOM Data Solutions. More than 90 percent of home sellers in the home market tracked by median purchase and resale prices
Country music star Kenny Chesney has recorded the sale of his Franklin, Tennessee home, The Real Deal reports. The mansion changed hands for $11.5 million. Listed in August 2021 for $14 million, the 56-acre estate sold at an 18 percent discount in late December. Chesney purchased the newly built property
Canine trainer Cesar Millan has quickly found a buyer for his $4 million Encino,LA residence. The home is already under contract after just a few days on the market. The 5,620-square-foot home, which Millan picked up in 2017 for $2,782,500, is remarkably free of pet hair and chew toys. Perhaps that’s
According to Brandessence Market Research, the Metaverse real estate market size is projected to grow at a CAGR of 31.2% during 2022-2028. The surge in Metaverse real estate across the globe and the rising inclination towards NFTs in the Metaverse environment are some of the major factors driving the growth
According to Brandessence Market Research, the Metaverse real estate market size is projected to grow at a CAGR of 31.2% during 2022-2028. The surge in Metaverse real estate across the globe and the rising inclination towards NFTs in the Metaverse environment are some of the major factors driving the growth
The musician and supermodel had planned to combine the units into a giant duplex, but they never had time to renovate it. The first unit, purchased in 2018 for $9 million, is 2,600 square feet with a patio. A neighboring 3,500-square-foot condo sold for less than $8 million. Together, the
Airbnb CEO Brian Chesky said Friday that a post-pandemic future of decentralized living will be a boon to the company. If I can do my job from a house in Atlanta, that means a lot of people could travel all over the world and live, not just travel,” Chesky said.
The number of homeowners who could save by refinancing more than halved from the start of the year to 5.9 million, according to Black Knight. Black Knight considers refinancing candidates as 30-year mortgage holders with a loan-to-value ratio of up to 80%, a credit score of 720 or higher, and
It’s now on sale for $3.5 million. He and former Playboy model Brittney Ward bought the Mediterranean-style property for $925,000 in 2020. The original 3,012-square-foot interior features white floors, walls and ceilings, warmed by exposed wooden beams and other light wood details. The main house sits on a third of
Justin Verlander and his wife, model Kate Upton, placed their Beverly Hills home on the market this January 2021. The market price is close to $11.75 million. The house possesses four-bedroom, 4.5-bathroom in 5,521 sq. ft. with a freshly painted white and grey palette. The couple bought the property in
Closed sales of previously owned homes in December fell 4.6% to a seasonally adjusted, annualized rate of 6.18 million units, according to the National Association of Realtors. The median price of an existing home sold in December was $358,000, an increase of 15.8% compared with December 2020. There were just
Existing home sales were high in 2021 as homebuyers scramble to purchase homes to take advantage of ultra-low mortgage rates. Overall, 2021 sales are up 8.5% compared to 2020, the National Association of Realtors reported Thursday. But the new year could lead to lower sales numbers as more buyers are
The home made famous in the 1984 horror movie “A Nightmare on Elm Street” was sold last week in Los Ángeles for 2,98 million. The house has three-bedroom, four-and-a-half bathroom, swimming pool, spa and all comodities. In the movie, the house is where Thompson, played by Heather Langenkamp, was haunted
After the closing of statistics for 2021 in NY, the results showed that the average rent for an apartment in Manhattan reached $4,440 dollars in December. On the other hand, the most watched median net effective rent increased to $3,392, the highest level for December on record, according to statistics
The 30-year fixed mortgage rate is now at the highest level since April 2020 hitting 3.7 % this month. The rise hit 83 basis points higher than the same time one year ago. Rates are closing in on a full percentage point gain from last year. Rates are reacting to
Ashton Kutcher and Mila Kunis sold their first marital home in Beverly Hills for $10.35 million, 135k more than the price they bought it. The couple bought the house in 2014 for $10.215 million. The property is a 7,300-square-foot mansion with five bedrooms and five-and-a-half bathrooms, swimming pool and all
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