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Category Archives: RE News

Good timing: When buyers are most actively looking at online listings

People shopping for a home to buy are most likely to search online during a work day, according to Redfin. The Seattle-based national brokerage firm found that Friday at 10 a.m. is the peak time of the week for search activity on its website. The least popular time of week to search the Redfin site is Wednesday at 9 p.m. Redfin’s report shows that search activity on its website is generally heaviest on weekday mornings […]

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NAR survey shows realtors make above-average donations of time, money to charity

Driven by more than just listings and commissions, Realtors donate above-average amounts of time and money to charity, according to a report by the National Association of Realtors (NAR). The NAR reported that 82 percent of Realtors give money to charity, compared to 56.6 percent of all Americans. The national association’s Community Aid and Real Estate Report is based on survey responses from more than 4,000 NAR members who are general members at-large, broker-owners and […]

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The top 5 housing markets in 2019, according to Trulia

Housing markets in coastal cities have been the hottest in recent years, but Trulia predicts that the top markets in 2019 will be inland cities where homes are more affordable. San Francisco-based Trulia, a provider of online guides for home buyers and renters, predicts that these will be the five best housing markets next year: 1. Colorado Springs, Colorado 2. Grand Rapids, Michigan 3. Jacksonville, Florida 4. Bakersfield, California 5. Austin, Texas Trulia based its […]

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What the “most ambitious upzoning proposal” in America entails

In a plan approved Friday, Minneapolis reportedly became the first city to officially undertake the “most ambitious upzoning” plan in the country. Known as Minneapolis 2040, the plan effectively ends exclusive single-family housing zoning, which has long been a tool for maintaining segregated communities and school districts, according to Slate. The plan now allows city planners to grant permits for three-family homes throughout the city, as well as the construction of multifamily housing stock near […]

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Some luxury condo developers add landing pads for flying cars

As the development of personal transportation drones advances, landing pads are emerging as the latest must-have amenity at condominiums for the wealthiest buyers. For example, three luxury condos will feature flying-car landing pads in Miami, where the 1 percent would be able to travel by air while the other 99 percent are stuck in the city’s notorious traffic congestion. “These flying-car projects are the real deal,” Dan Kodsi, a Miami condo developer and recreational pilot, […]

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Florida is the most popular destination for homebuyers making interstate moves

A migration study by LendingTree shows that 12.1 percent of American home buyers who move to a different state choose one in the South. Most Americans who relocate to a different state choose one that borders the state where they previously lived, the study shows, but those who move farther are likely to head for a southern state. Florida is the most popular destination among home buyers who relocated from 15 of the 50 states. […]

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Developer Charles Cohen cuts deal to buy Landmark Theatres

Billionaire real estate developer and film aficionado Charles Cohen has just closed a deal to purchase Landmark Theatres, a chain of art-house cinemas. Investors Mark Cuban and Todd Wagner sold the 52-theater portfolio for an undisclosed price, the Los Angeles Times reported. They had been trying to sell the Landmark on and off for several years. Landmark Theatres–an indie chain that specializes in foreign and independent films–can be found in 27 cities, including L.A., New […]

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Restoration of Walt Disney’s childhood home revealed

The owners of Walt Disney’s childhood home on Chicago’s North Side celebrated the completion of a years-long restoration of the property this week — on Disney’s birthday. The rededication ceremony Wednesday night marked homeowners Dina Benadon and Brent Young’s five-year effort to rehab the home where Disney lived until he was 4, according to Block Club Chicago. The Disneys built the two-story house in 1892 with $800. Measuring 18 feet by 28 feet, Disney’s mother […]

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City Council’s effort to stall Two Bridges developments refused by court

City Council’s temporary restraining order to stop four developers from starting work on a set of resi towers in Two Bridges was denied Friday. The order was filed on the same day as a lawsuit by the City Council and Borough President Gale Brewer against the Department of City Planning, the City Planning Commission and Mayor Bill de Blasio’s administration, claiming the executive branch’s approval of the three-tower project in Two Bridges usurped the Council’s […]

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Multifamily investors should keep an eye on this market

Multifamily investors looking for places to put their cash may want to consider workforce housing. The market — which is rental communities for low- to median-income workers — has outperformed the broader multifamily market, according to a new CBRE report cited by HousingWire. The segment has gotten a boost from low vacancy rates and above-average rent growth, and, because a small supply of workforce housing has been built in the last decade, there’s opportunity for […]

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