Nine years ago, one of Silverthorne’s few income-restricted housing properties was sold to a private firm. The sale — at a price that was double the property’s assessed value — raised worries in the high-cost mountain community that the new owner of the Blue River Apartments might lift rent caps that had kept its 78 … Read more
Real estate is increasingly a tale of two markets — a luxury sector that is booming, and the rest of the market that continues to struggle with higher rates and low inventory. Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin. Yet, luxury real estate sales increased more than 2%, … Read more
Yana Iskayeva | Moment | Getty Images The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor’s portfolio. “While there is no official threshold, centimillionaires or individuals with a total net worth of over $100 million, is a good benchmark as entry into the 0.001% club,” … Read more
A bill that would have significantly grown taxes for thousands of short-term rentals in the state was killed in its first committee hearing late Tuesday even after the sponsor attempted to make changes to the legislation. In its original form, Senate Bill 33 would have required any property used as a short-term rental for more … Read more
A Sydney home missing most of its roof has sold for nearly $3 million at auction. The three-bedroom home at 89 Fitzroy St, Burwood, in Sydney’s inner west, sold for $2,750,000 in April. Incredible images of the home show its roof has completely caved in. Newsletters: Breaking news as it happens. Subscribe now Other images … Read more
After months of back-and-forth negotiations with Alameda County went nowhere, Oakland officials have proposed spending a combined $20 million to buy the county’s ownership shares in two notable pieces of East Bay real estate — both with ties to professional sports. For years, the city and the county have co-owned the former Raiders practice site, … Read more
SCOTTSDALE, Ariz. , April 19, 2024 /PRNewswire/ — Rise48 Equity, a leading multifamily investment group, today announced the acquisition of Mosaic Apartments in the DFW area of Texas. This 288-unit complex marks a significant milestone as the company’s 50th acquisition since 2019 and its 10th in the Dallas MSA, further expanding their strong presence in Texas. Rise48 … Read more
Historic preservationists and architecture enthusiasts could soon own their own slice of American history at a bargain price. A historic manor home has been listed for sale for just $US10 ($A15), putting it in the running for one of the world’s cheapest homes. But at such a low price, comes an expensive catch — the … Read more
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last … Read more
Sales of previously owned homes dropped 4.3% in March compared with February, to a seasonally adjusted annualized rate of 4.19 million units, according to the National Association of Realtors. Sales were 3.7% lower than in March 2023. This came after a big jump in sales in February. Rising mortgage rates are likely the cause of … Read more
