California's eviction moratorium is coming to an end on September 30.
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PwC’s Emerging Trends in Real Estate report ranks the top 10 U.S. metro areas in which to buy and build a home next year.
Over the coming 15 months, Goldman Sachs is forecasting U.S. home prices will continue to soar.
- House Beautiful
Rachel “Bunny” Lambert Mellon designed the gardens at this Cape Cod estate, which is known as Scallop Path. It just sold for $19 million.
Welcome to your tropical home away from home.
Zillow to stop purchasing U.S. homes after building big backlog and facing staff shortages: Bloomberg
Zillow Group Inc. is pausing the purchase of U.S. homes as it works through a backlog of properties,
- Architectural Digest
With access to some of the top-tier privates residence clubs, it’s an undeniable steal
(Bloomberg) -- Zillow Group Inc. is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house-flipping hit a snag.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureThe Biggest Public Graveyard in the U.S. Is Becoming a ParkGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech Case Forces Japan to Confront Workplace RacismWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverZillow,
BEIJING (Reuters) -China's September new construction starts slumped for a sixth straight month, the longest spate of monthly declines since 2015, as cash-strapped developers put a pause on projects in the wake of tighter regulations on borrowing. New construction starts in September fell 13.54% from a year earlier, the third month of double-digit declines, according to Reuters calculations based on January-September data released by the National Bureau of Statistics on Monday. When the sector recovered in 2016 after authorities loosened their grip on purchases and development, tens of thousands of real estate firms borrowed heavily to build homes.
- The Week
It doesn't hurt to look!
- Motley Fool
Housing inventory has been lacking in a serious way, and that's made it more difficult for people to find suitable properties to buy. As of last month, the U.S. housing market was short over 5 million homes for there to be enough inventory to meet buyer demand. A big reason so many sellers have held off on listing their homes has stemmed from the pandemic.
CrowdStreet has launched a new offering for a value-add multifamily opportunity in the Seattle metropolitan area with a target internal rate of return (IRR) of 14.6%. The property is known as Evergreen Grove Apartments, a 73-unit garden-style multifamily residential property located in Lynwood, Washington. The asset has significant upside potential through renovations, improved operations and increased rental rates. Investment Highlights: The asset is being purchased off-market at a price of $22
- Yahoo Finance Canada
La Belle Maison is a massive 24,000 square foot structure in the swanky St Andrew-Windfields neighbourhood.
- Reuters Videos
There were mixed signals from the housing market Monday.Sentiment among U.S. builders of single-family homes improved by the most in nearly a year in October, according to a monthly survey by the National Association of Homebuilders.The group was encouraged by a pick-up in customer traffic.But there are concerns that material shortages will drive prices higher and rising borrowing costs could start to hurt home affordability.. Mortgage interest rates have already begun to rise, with the average 30-year mortgage rate climbing to 3.18% in early October, the highest since June, according to the Mortgage Bankers Association.Rates are expected to rise as the Federal Reserve starts cutting its $120 billion a month bond-buying program as early as next month.While homebuilders may be upbeat in the near term, real estate firms are less so.Online real estate agent Zillow announced that its unit that buys homes, makes light repairs, and then puts them up for sale on Zillow's website, will pause doing so for the rest of the year.The company says labor shortages and supply disruptions are hampering timely sales of renovated properties.Real estate agents have been noting for months the dearth of supply of older homes available for sale. Zillow's decision to pause that part of its business shocked investors, sending shares down by more than 10 percent in mid-day Monday trading, to lows not seen in over a year.
- Yahoo Finance Video
Igor Popov, Apartment List Chief Economist, joins Yahoo Finance to discuss rising rent prices and outlook on regional demands.
- American City Business Journals
Henry Pino, head of the Miami-based developer, said he has the 21,637-square-foot site at 9650 S. Dixie Highway and the 19,845-square-foot property at 9690 S. Dixie Highway under contract from RJS Wash LLC and CJS KFC Miami LLC, respectively. “What I like about this site is that you can’t build higher than three stories on the Pinecrest side across the street, so I will never have a building obstructing my views,” Pino said. “We are also 900 feet to the Dadeland North Metrorail Station, so I see this as a transit-oriented location.”
- American City Business Journals
Barclays Bank has paid $83 million to buy its 279,377-square-foot headquarters along the waterfront in Wilmington. Pettinaro sold the building at 125-135 S. West St. The real estate company developed the property called Christina Crescent in 2007 for Barclays. In addition to the bank's office space, there is 20,000 square feet of retail space that is leased to Cosi, the Goddard School, Crescent Dental and Delaware Diagnostic & Rehabilitation Center.
- Simply Wall St.
The big shareholder groups in Minto Apartment Real Estate Investment Trust ( TSE:MI.UN ) have power over the company...
- American City Business Journals
Amazon.com Inc. appears to be bringing a retail concept to a San Antonio mall. A filing with the Texas Department of Licensing and Regulation describes a project called "Amazon SRS - JSS1 North Star Mall" as the $738,000 build-out of a 4,548-square-foot retail space in Suite 1730 of North Star Mall. The mall, located about 10 miles north of downtown San Antonio, is owned by Brookfield Properties.
The company, through its Zillow Offers unit, buys homes from homeowners and performs light repairs on them, requiring the services of inspectors and contractors. Zillow shares fell as much as 11.4% to $93.54 in early trading, their lowest since September 2020. The U.S. housing sector that earlier witnessed a boom has lost its momentum in recent months, hurt by a tight jobs market, supply chain issues and shortage of raw materials.
- Kansas City Star
When looking to sell your home quickly in lieu of the traditional, lengthy home selling process, Archway Homes is the one to call.