One study shows that the property tax rate for the least expensive homes is more than double that of the most expensive in the same jurisdiction, and those in predominantly Black neighborhoods are assessed at a rate 50 percent higher than white neighborhoods in the same area. NBC News’ Meagan Fitzgerald speaks to experts in Detroit, Michigan about what homeowners can do.
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- USA TODAY
The top 10 most affordable beach towns were determined based on median home list prices of more than 1,300 towns from May 2020 through April 2021.
- Robb Report
The 20,000-square-foot home has six bedrooms, 18 bathrooms and plenty of high-tech gadgetry.
- Robb Report
This Historic Frank Lloyd Wright Home in LA Is a Designated Cultural Monument. It Can Be Yours for $4.25 Million.
The towering architect constructed the home with 12,000 textured concrete blocks.
- Associated Press
A wealthy San Francisco couple notched a record nearly half-million-dollar buyout to vacate their luxury apartment of three decades, an indication of what some landlords are willing to pay for tenants to give up their longtime home in a city with strict rent control and soaring market rents. The tenants, a couple in their 60s with teenage children, had been paying $12,500 a month for a seven-bed, eight-bath apartment consisting of two units. San Francisco has among the strongest tenant protections in the country, which encourages tenants to hang on to apartments as market prices go up.
Beset by COVID-19 and its fallout, local landlords are offloading their properties to cash-rich institutional investors, and America's real-estate market may never be the same. Before the pandemic, boyhood friends Michael Murano and Richard Tyson owned 96 rental units in their hometown of Rochester, New York. "It broke my heart to sell 15 single-family homes to just one, out-of-state big corporate investor," said Tyson, a 38-year-old U.S. Navy veteran.
White Bridge Farm is an exceptional restoration with a host of luxe amenities.
- USA TODAY
‘I don’t care that I’m overpaying’: Houses are selling over asking price. Here’s how to win a real estate bidding war.
The real estate market continued to break historic records in April, as home prices rose 21% YoY and the median home-sale price soared to $348,500.
The former “Today Show” co-host Matt Lauer is once again trying to change the channel on his Hamptons home. His compound in Sag Harbor, NY, has returned to market with a price of $43,995,000.
The musician Anton Zaslavski — better known as Zedd — is looking to record a sale of his posh property in Beverly Hills, CA, Dirt reports. It’s available for $26.5 million.
- USA TODAY
Home prices rose at a stronger pace in vacation home counties in 2020, increasing by 14% compared to 10% in non vacation home counties.
Just over a year ago, private golf communities were worried about their future appeal to homebuyers. Then came Covid-19. Then came potential homebuyers. Then came waiting lists and inflated home prices.
If your only experience investing in property involves paying your home's monthly mortgage, you might want to consider expanding your real estate portfolio. In fact, there are a number of ways to make...
(Reuters) -Contracts to purchase previously owned U.S. homes declined in June in step with a spike in home prices after rebounding strongly in the prior month. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on contracts signed last month, fell 1.9% to 112.8. Pending home sales for May were revised to show an increase of 8.3% instead of the 8.0% gain previously reported.
- Motley Fool
Like many industries, residential real estate is undergoing a digital transformation. According to a recent study from Zillow Group (NASDAQ: Z) (NASDAQ: ZG), over one-third of Gen Z and millennial consumers would be comfortable buying a home online. Collectively, these trends create an opportunity for disruption, and Zillow is leading the charge.
Six state capitals have seen record prices for the third quarter in a row, the survey said.
Buying your first investment property is exciting and scary all at the same time. You have many options, and many factors go into the decision. While it may seem overwhelming at first, you can easily buy your first investment property with the proper steps. The key is to know why you’re investing in real estate, what goals you have, and what obstacles may stand in your way. Reasons To Invest In Real Estate You may wonder if you should consider investing in real estate. It seems risky and like an
- Associated Press
Since early 2020, banks across the U.S. have been banned from foreclosing on homes as part of the federal government’s efforts to assist families feeling economic pain caused by the pandemic. Much like the federal eviction moratorium for rental units, it has been extended several times. An estimated 1.75 million homeowners — roughly 3.5% of all homes — are in some sort of forbearance plan with their bank, according to the Mortgage Bankers Association.
Homeowners are winners in a booming real estate market. But for those looking to buy a home, the story gets complicated.
New data from Realtor.com, out this morning, shows that investor-driven purchases accounted for 5.7% of homes sold in April and are reducing inventory in 31 of the top 50 U.S. markets. Why it matters: Individual homeowners have been struggling to buy homes over the past year amid short supply and rising prices.Get market news worthy of your time with Axios Markets. Subscribe for free.They're competing against one another as well as yield-chasing investors who want homes to flip or rent out.What
Life in a big city is fast becoming downright impossible for anyone who's not very well off. The cost of housing alone can make the prospects of living in one of America's most populous urban centers...