Real Estate

Land owners asked to be fair when dealing with govt

newvision.co.ug

Land owners asked to be fair when dealing with govt


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Slump in Sydney housing market to last until mid-2018: SQM

realestate.com.au

Slump in Sydney housing market to last until mid-2018: SQM


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Searchers Find Bodies at Calif. Mobile Home Park

aparchive.com

Searchers Find Bodies at Calif. Mobile Home Park


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Melbourne’s southwest is Australia’s best for home price growth

heraldsun.com.au

Melbourne’s southwest is Australia’s best for home price growth


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Petitioners prevail in Austin Board of Realtors election

mystatesman.com

Petitioners prevail in Austin Board of Realtors election


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Affordable housing dominates housing finance conference

ntv.co.ug

Affordable housing dominates housing finance conference


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Cone of silence over rents for swanky new Justice Precinct digs

stuff.co.nz

Cone of silence over rents for swanky new Justice Precinct digs


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Home / Real Estate
Over 40% of low earners are eating and buying clothes less to pay their rent, study finds
Almost half of low-earners have cut back on essential items such as food and clothes in order to cover the cost of rising rents, a new report has revealed. The study, by housing charity Shelter, also found that one in 10 workers on low wages has fallen behind on paying bills because they are struggling to afford their rent. Shelter is calling on the Government to invest in 500,000 “Fair Rent Homes”, which would be available at rents linked to local incomes   Read More ...
Categories: Real Estate | 
Places: Europe |  N.W. Europe |  United Kingdom | 
Minnesota commits nearly $350 million to affordable housing
Minnesota Housing is investing $126 million in affordable housing to address the statewide shortage. The investment announced Thursday is part of a larger $346 million package of public and private funding. The money will go to building or preserving more than 1,800 housing units in communities throughout the state. Commissioner Mary Tingerthal said the state's current housing crisis is one of the worst in recent years   Read More ...
Categories: Real Estate | 
Tags: Housing |  Affordable housing | 
Places: Americas |  North America |  United States |  Midwest |  West |  Minnesota | 
Top Workplaces 2017 special awards winners stand out for leadership, values
There are two ways to build a real estate company, said Reagan Greer, president of the San Antonio division for JB Goodwin Realtors. One way is to poach experienced real estate agents from other companies, and the other is to cultivate good employees and persuade them to stay, he said. He tries to pursue the latter option. “I’m people first and real estate second,” he said   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States |  American South |  Southcentral US |  Texas |  San Antonio |  Webb |  Laredo | 
Roll out incentives to spur growth in real estate sector
Prices of renting and buying houses for low and middle income segments of the market have been on an upward trend since demand far outweighs the supply. Prices of houses being built are too high for most Kenyans and therefore there is demand for more affordable housing. Failure to meet this demand is what has led to the mushrooming of slums and buildings collapsing due to use of low-quality building materials   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa | 
Former Richfield apartment tenants reach $650,000 settlement
Former tenants of a 698-unit apartment complex in Richfield and their landlords reached what housing advocates are calling the largest settlement of its kind in the nation. The settlement resolves a class-action lawsuit filed in federal court alleging that the owners of the Concierge Apartments violated fair housing laws when they renovated the complex for an upscale market. U.S. District Judge Ann Montgomery granted preliminary approval of the settlement Thursday   Read More ...
Categories: Real Estate | 
Tags: Buildings |  Tenants | 
Places: Americas |  North America |  United States |  Richfield | 
Hip bungalow in Highland Park seeks $795,000 post-renovation
One might find this Highland Park home hard to recognize after its recent transformation. After selling as an “investor delight” (Realtor speak for fixer-upper) in February for $450,000, the 1913 bungalow is again on the market sale with a new, contemporary look for $795,000. An open floor plan lined with hardwood greets residents as they pass through the front door. Inside the renovated bungalow, skylights on the vaulted ceilings bring light into the living room   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States |  Highland | 
Mortgage rates snap their streak higher as Fed chair auditions heat up
Rates for home loans headed lower in the October 19 week, snapping a five-week streak of increases, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.88% during the week, down 3 basis points. The 15-year fixed-rate mortgage averaged 3.19%, down from 3.21%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.17%, up 1 basis point. Questions about who will replace Janet Yellen at the helm of the Federal Reserve, if the chairwoman herself is not picked for a new term, have buffeted the bond market recently   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States | 
US long-term mortgage rates fall; 30-year at 3.88 percent
WASHINGTON (AP) — Long-term U.S. rates slipped this week, reversing two straight weekly increases. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages fell to 3.88 percent from 3.91 percent last week. A year ago, the benchmark rate stood at 3.52 percent. The rate on 15-year, fixed-rate mortgages, popular with homeowners who are refinancing, dipped to 3.19 percent from 3   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States | 
Fixed mortgage rates retreat after a month of gradual increases
After gradually rising for more than a month, fixed mortgage rates fell back this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 3.88 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.91 percent a week ago and 3   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States | 
Real estate agent walks away with mCHEZA jackpot
Stanley Irungu, a 35-year-old real estate agent and engineer in Kitengela has walked away with Ksh 2 million mCHEZA jackpot. Speaking while receiving his prize, Stanley, a father of 3, could not hide his excitement, as he narrated how he played on the jackpot. He vowed to use the prize to complete his ongoing construction. “I am so grateful to God for winning this money, which will go into the completion of my home under construction   Read More ...
Categories: Real Estate | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa | 
Land owners asked to be fair when dealing with govt
LAND AMENDMENT | GULU. Land owners have been asked to be fair when asking for government compensation for their property.President Museveni, while speaking at a local radio station in Gulu district last evening, said some people tend to hike land prices when the government shows interest in acquiring it.Museveni said attitudes delay development in the country. He also warned politicians who are against the land amendment Bill, saying they are inciting citizens against development   Read More ...
Categories: Politics & Government |  Real Estate | 
Places: Africa |  Sub-Saharan |  E. Africa |  Uganda |  Gulu | 
Despite simplified HDB resale transactions, estate agents may still have a role to play
SINGAPORE: A new HDB resale portal to be launched in January 2018 has the potential to simplify HDB resale transactions and shorten the time taken to complete the deal by as much as half. But there is still an important role to play for real estate agents in resale flat transactions, analysts noted on Thursday (Oct 19). The new HDB Resale Portal aims to reduce the transaction time for buying and selling HDB flats by up to eight weeks, down from the current 16 weeks it takes to complete a transaction   Read More ...
Categories: Real Estate | 
Places: Asia |  S.E. Asia |  Mainland |  Singapore | 
Homes you can buy for $3 million
A look at dwellings in and around Washington and across the country that can be had at this price. A look at dwellings in and around Washington and across the country that can be had at this price. Buy Photo Luxury is a word often overused in today’s real estate market. Peruse descriptions of properties for sale — be they $200,000 condos or $12 million estates — and you’ll probably come across it   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Americas |  North America |  United States | 
US, Israel launch talks on affordable housing development
WASHINGTON -- Dozens of Israeli and Americans officials convened this week to discuss closer economic cooperation between the two nations, continuing a decades-long tradition of annual development talks.The two sides this year focused on housing and urban development. They agreed to launch negotiations toward a formal Memorandum of Understanding "aimed at increasing the availability of affordable housing," the State Department said of the October 16 event   Read More ...
Categories: Real Estate | 
Tags: Housing |  Affordable housing | 
Places: North America |  United States |  Asia |  Mideast |  Israel | 
A Longtime Renter Gets a Lesson in Bidding
In his decade of living in New York City, Louis Broccoli moved about once a year. Most recently, Mr. Broccoli, a digital graphic designer, was renting a large one-bedroom in Peter Cooper Village for around $3,450 a month, and was eager to reduce his housing outlay. Still, that would mean renting, not buying, he thought, so for help he contacted his friend Antonio Monteiro, a licensed salesman at Compass   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States |  New York |  City of New York | 
Oakland To Turn Vacant Properties Into Affordable Housing
OAKLAND (CBS SF) — Oakland Mayor Libby Schaaf and Alameda County Treasurer-Tax. Collector Henry Levy said Wednesday that they have teamed with the non-profit Hello Housing to transform 26 vacant properties into permanently affordable housing for low- and moderate-income residents. Schaaf and Levy said the City of Oakland’s Housing and Community Development Department, Hello Housing and Alameda County have worked for more than two years to develop a novel process to acquire formerly blighted and tax-defaulted properties for affordable housing   Read More ...
Categories: Real Estate | 
Tags: Housing |  Affordable housing | 
Places: Americas |  North America |  United States |  West |  Pacific |  California |  Alameda | 
Slump in Sydney housing market to last until mid-2018: SQM
SYDNEY house hunters may have more time to nab a better deal — the current lull in the market is expected to continue into the first half of next year, with prices forecast to only begin rising again in late 2018. A Housing Boom and Bust Report by SQM Research has forecast Sydney’s median home price will finish this year at about 6-8 per cent higher than it was at the end of 2016   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Oceania |  Australasia |  Australia |  South Wales |  Sydney | 
China third-quarter GDP growth slows as expected, property measures bite
BEIJING (Reuters) - China’s economic growth slowed slightly as expected in the third quarter as the government’s efforts to rein in the property market and debt risks tempered activity in the world’s second-largest economy. Analysts had penciled in a gradual GDP slowdown due to an expected softening in property investment and construction as more cities try to cool surging housing prices, while a government campaign against riskier lending pushes up borrowing costs   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: United States |  Asia |  E. Asia |  China | 
Austin area needs more housing supply
The Austin area housing market remains one of the healthiest in the nation, even as it grapples with affordability challenges and an undersupply of housing, a national economist said Wednesday. Lawrence Yun, chief economist for the National Association of Realtors, spoke at the annual membership meeting of the Austin Board of Realtors, which represents about 13,000 real estate professionals in Central Texas   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States |  Texas |  Travis |  Austin | 
Canberra property market expected to grow by up to 9 per cent in 2018: SQM Research
Despite some of Australia’s heavyweight property markets – including Sydney – recording price declines, one expert is forecasting significant house price growth in 2018 across Australia. Melbourne’s property market is expected to climb between 7 to 12 per cent in 2018, while Sydney is anticipated to soar between 4 and 8 per cent next year, SQM Research managing director Louis Christopher’s Housing Boom and Bust Report 2017 shows   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Oceania |  Australasia |  Australia | 
Searchers Find Bodies at Calif. Mobile Home Park
(13 Oct 2017) Dozens of search and rescue personnel are on site at a mobile home park in Santa Rosa, California, with the grim task of searching for residents who didn't make it out before fire swept through. Sonoma County officials say officers recovered bone fragments from one person Friday morning. He says there's a "high probability" they'll find more. Officials believe there may be two or three more bodies in the leveled remains of the mobile home park. A crew of men and women in white suits are standing by. Fire tore through the Santa Rosa area early Monday, leaving only a short window for people to try to escape from the flames   Read More ...
Categories: Society & Culture |  Real Estate | 
Places: Americas |  North America |  United States |  West |  Pacific |  California |  North California |  Bay Area |  Sonoma | 
Ribbon cutting ceremony for new affordable housing apartments
A ribbon cutting ceremony was held Wednesday afternoon for the grand opening of an apartment community in an east Charlotte neighborhood which plans to provide affordable housing for families. The grand opening was held for Stevenson Apartments, which is a 130-unit affordable rental development in the Brightwalk neighborhood. Depending on the family income, rent for one of the apartments can go for about $800 a month   Read More ...
Categories: Real Estate | 
Tags: Housing |  Affordable housing | 
Weekly mortgage applications rise 3.6% after rates dip
That helped increase total mortgage application volume 3.6 percent for the week, according to the Mortgage Bankers Association, whose seasonally adjusted results included an accommodation for the Columbus Day holiday. Volume was nearly 19 percent below the same week a year ago, when interest rates were lower. Applications to refinance a home loan rose 3 percent last week but were still nearly 36 percent lower than the same week one year ago   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States | 
'The housing market can't take the shock of a natural event,' real estate economist warns
The exact tally is still impossible to calculate, but at least 10,000 homes and other structures have been destroyed by floods, winds and fires in the past three months. Given the acute construction labor shortage that was already at play before these disasters, reconstruction and its repercussions in residential real estate could pose yet another disaster. "The housing market can't take the shock of a natural event," said Nela Richardson, chief economist at real estate company Redfin   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States | 
Elderly woman claims she was given eviction warning for letting grandson visit too often 
A New Jersey grandmother said she was given a warning that she will be evicted from her apartment if she continues to let her grandson visit her. Rose Dimaria said her 40-year-old grandson Gregory Ciccione visits her almost every day to bring her breakfast, help with things around the house and get her mail. Dimaria said she enjoys the company but the Lodi Public Housing Authority, where she's lived for the past 67 years, has an issue with it   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States | 
New Amazon-occupied office in Bellevue sells for record price
It’s not just homes that are getting more expensive in the King County real estate market: A new office building in downtown Bellevue that’s fully occupied by Amazon has sold for $313 million, the priciest property sale on the Eastside in five years. The sellers of Centre 425, Bellevue-based developer Schnitzer West, said the transaction also set an all-time record for a Bellevue commercial property sale on a price-per-square-foot basis: $877 per rentable square foot   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Americas |  North America |  United States |  Price |  Bellevue | 
Melbourne’s southwest is Australia’s best for home price growth
MELBOURNE’S southwest — comprising affordable hot spots Hoppers Crossing and Point Cook — has easily been the nation’s best performing region for property price growth in the past year. This is a finding of SQM Research’s latest Housing Boom and Bust report, which also tipped another strong year for Melbourne’s property market in 2018 — even if interest rates rise. Report author and SQM managing director Louis Christopher said dwelling prices, taking into account both houses and units, soared 42 per cent in the city’s southwest in the year to September   Read More ...
Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia | 
Portland city councilors pass resolution to add 2,000 affordable housing units
PORTLAND, Ore. – Portland city councilors unanimously voted Wednesday morning to approve a resolution that could be life-changing for those living on the streets. The resolution will add 2,000 affordable housing units over the next 10 years. The plan is to add about 200 affordable units to the city each year until 2028. The units will be spread across Portland in various locations   Read More ...
Categories: Real Estate | 
Tags: Housing |  Affordable housing | 
Places: Americas |  North America |  United States |  Portland | 
Cuyahoga County to fine landlords who fail to register rental properties
CLEVELAND, Ohio - Cuyahoga County plans to impose fines of up to $150 to landlords who do not register their rental properties. The move is expected to generate $3 million next year for the cash-strapped county, officials said. The amount will decline in future years because owners only need to register their properties one time. Here's what you need to know   Read More ...
Categories: Real Estate | 
Tough housing market awaits California wildfire victims
PETALUMA, Calif. | As firefighters gain on wildfires burning in Northern California’s wine country, the many thousands who lost their houses, condos and apartments in those fires will have to find a new place to live in one of the toughest housing markets in the nation. In San Francisco, an average one-bedroom apartment rents for more than $3,000 a month and the median home price is about $1   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Ribbon cutting held for Charlotte's newest affordable housing ap - | WBTV Charlotte
A ribbon cutting was held Wednesday afternoon for the grand opening of an apartment community in an east Charlotte neighborhood which plans to provide affordable housing for families. The grand opening was held for Stevenson Apartments, which is a 130-unit affordable rental development in the Brightwalk neighborhood. According to a spokesperson from the Charlotte-Mecklenburg Housing Partnership, Inc., "the new development promotes economic mobility and access to opportunity for future residents   Read More ...
Categories: Real Estate | 
Tags: Housing |  Affordable housing | 
Protecting renters, not landlords, the right call for Portland: Guest opinion
By MARGOT BLACK AND STEVEN GOLDBERG. But numbers are not the same thing as facts and rarely tell the whole story on their own. While acknowledging the stories of staggering rent hikes, the Oregonian otherwise completely dismissed the compelling evidence in support of the relocation policy offered by attorneys, landlords, developers, policy makers, community leaders, and service providers. To ignore these stories and instead rely on a single unverified and decontextualized data point to make a case that the relocation policy may be doing more harm than good is grossly irresponsible   Read More ...
Categories: Real Estate | 
Elderly man dies in mobile home fire in Midwest City
MIDWEST CITY, Okla. – An elderly man has died after his mobile home in Midwest City caught fire, officials said. Wednesday morning, firefighters were called to extinguish a mobile home fire at the Edgewood RV Community near S.E. 29th and Edgewood. While clearing the home, firefighters found a man’s body. He was pronounced dead at the scene. He has not been officially identified at this time   Read More ...
Categories: Society & Culture |  Real Estate | 
Tough housing market awaits California wildfire victims
The many thousands who lost their houses, condos and apartments in wildfires burning in Northern California will have to find a new place to live in one of the toughest housing markets in the nation.   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Tough Housing Market Awaits California Wildfire Victims
PETALUMA (AP) – The many thousands who lost their houses, condos and apartments in wildfires burning in Northern California will have to find a new place to live in one of the toughest housing markets in the nation. In San Francisco, an average one-bedroom apartment rents for more than $3,000 a month and the median home price is about $1.5 million   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Americas |  North America |  United States |  West |  Pacific |  California |  North California |  San Francisco | 
Tough housing market awaits California wildfire victims
PETALUMA, Calif. (AP) — As firefighters gain on wildfires burning in Northern California's wine country, the many thousands who lost their houses, condos and apartments in those fires will have to find a new place to live in one of the toughest housing markets in the nation. In San Francisco, an average one-bedroom apartment rents for more than $3,000 a month and the median home price is about $1   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
1 dead in St. Cloud mobile home fire, police say
1 dead in St. Cloud mobile home fire, police say ST. CLOUD, Fla. — One person was killed when a fire broke out Wednesday in a mobile home in St. Cloud, police said. St. Cloud police said the fire was reported in a mobile home near U.S. 192 and Grape Street. Officials said several people managed to escape the burning home   Read More ...
Categories: Society & Culture |  Real Estate | 
Places: Americas |  North America |  United States |  St. Cloud | 
Tough housing market awaits California wildfire victims
PETALUMA, Calif. (AP) — The many thousands who lost their houses, condos and apartments in wildfires burning in Northern California will have to find a new place to live in one of the toughest housing markets in the nation. In San Francisco, an average one-bedroom apartment rents for more than $3,000 a month and the median home price is about $1   Read More ...
Categories: Real Estate | 
Tags: Real Estate Markets | 
Couple evacuated from mobile home after sinkhole opens
OCALA, Fla. (AP) — A Florida couple was evacuated from their mobile home after a large sinkhole opened up at an intersection just in front of their house. The Ocala Star-Banner reports that the hole — estimated to be 25 feet (7meters) wide and 15 feet (4 meters) deep — opened early Tuesday at the large Rolling Greens subdivision. Linda McCormick lives in a home in the same neighborhood and says she had noticed a dip in the road for weeks   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States | 
Couple evacuated from mobile home after sinkhole opens
OCALA, Fla. – A Florida couple was evacuated from their mobile home after a large sinkhole opened up at an intersection just in front of their house. The Ocala Star-Banner reports that the hole — estimated to be 25 feet (7meters) wide and 15 feet (4 meters) deep — opened early Tuesday at the large Rolling Greens subdivision. Linda McCormick lives in a home in the same neighborhood and says she had noticed a dip in the road for weeks   Read More ...
Categories: Real Estate | 
Places: Americas |  North America |  United States |