Real Estate

Existing home sales retreated for the ninth straight month in October as higher mortgage rates discouraged potential buyers, according to the National Association of Realtors. All four major U.S. regions registered month-over-month and year-over-year declines. Total existing home sales — completed transactions that include single-family homes, townhomes, condominiums and co-ops — decreased 5.9% from September
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Renters throughout the country are finally seeing a bit of relief when it comes to the seemingly relentless pace of rent growth. The Realtor.com October Rental Report details the shifting marketplace reality. Nationally multifamily rent growth slowed to 4.7% year-over-year, its slowest pace in 18 months, with the median rent hitting $1,734. Additionally, The Avail,
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Topline New housing starts fell again in October to the lowest level in more than two years as higher mortgage rates continue to batter home builder sentiment—prompting experts to warn a recovery still seems unlikely over the next year and that a dearth of construction could lead to another housing shortage. Key Facts The number
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Every property owner needs insurance coverage that properly reflects the specifics of their particular property or development project. Insurance agents sell that insurance. They often also help the property owner determine what insurance makes sense. Agents typically know what they are doing, so owners typically rely on them. What happens, though, if the agent gets
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Share to Facebook Share to Twitter Share to Linkedin Two of China’s richest female real estate tycoons—billionaires Wu Yajun and Yang Huiyan—saw their net worth gain a combined $3.6 billion in just a few hours, after the country’s regulators took a surprising turn and unveiled a comprehensive package of measures aimed at supporting the ailing
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An overwhelming majority of metro markets saw home price gains in the third quarter of 2022 despite mortgage rates that approached 7% and declining sales, according to the National Association of Realtors’ latest quarterly report. Forty-six percent of the 185 tracked metro areas registered double-digit price increases, down from 80% in the second quarter of
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