Archives

Marin’s median home price hits $1.76M amid rising rates
Marin County home prices continued their steady rise amid longer-term uncertainty in the market due to rising interest rates. The median price for a detached residence in Marin was $1.76 million in March, a year-over-year increase of nearly 9%, according to the latest data from the Office of the Appraiser-Recorder. The price nearly matched the …

Vietnamese entrepreneur heads to Texas in search of $1 billion profit
Central Saigon in Ho Chi Minh City (Dreamstime/Tktktk) Long-time Vietnamese contractor Hoa Binh Construction plans to bid for work in the United States and Australia to boost annual revenue to $20 billion and profit to $1 billion within 10 years . The focus hinges on overseas expansion, so Hoa Binh will open offices in Sydney, …

Five-story, $17 million condominium project proposed in West Allis
A five-story condominium building containing a mix of townhouses and condos is proposed for National Avenue in West Allis. Transit Oriented Development, LLC is seeking to combine two properties on the south side of West National Avenue, west of 80th Street, for the $17 million development, according to city filings. Lots are the former locations …

Hotel developers still see opportunities in crowded travel hotspots
Skift grip Recent initiatives by MCR, JL Capital, Indian Hotels Company and Generator show how developers are bringing their hotels into built destinations. Sean O’Neill A flurry of recent stories highlighted how global brands plan to build thousands of hotels in China. But the sensational headlines overshadowed a subtle but important trend somewhere else. Developers …
What Are the Most Expensive Homes Sold in the Placer County Foothills?
A home in Auburn that sold for $1.4 million topped the list of the most expensive real estate sales in the Placer County foothills over the past week. A total of 13 real estate sales were recorded in the area over the past week, with an average price of $501,854, $342 per square foot. The …

Massachusetts home sales slowed in March, but prices continue to climb
Jon Gorey – Globe Correspondent April 21, 2022 10:42 a.m. For frustrated homebuyers, the words “low inventory” must ring in the ears like the unwavering refrain of a boring pop song. But there’s a reason the phrase keeps coming up: Experts say a shortage of homes for sale is the main reason house prices continue …

Damon Becnel discusses the condo lifestyle
Post views: 98 Do you like the idea of living in a luxurious condo but don’t want to be responsible for maintaining a home? If so, then the condominium lifestyle might be perfect for you! This article by Real Estate Expert Damon Becnel will discuss what condos are, why people love them, and some of …

United States Vacation Rental Market Report 2022: Analysis by Accommodation Type and Booking Method – Size and Trends with COVID-19 Impact Analysis and Forecast to 2026 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “The U.S. Vacation Rental Market: Analysis by Lodging Type (House, Resort/Condominium, Apartment, and Others), Booking Mode (Online and Offline), Size, and Trends with COVID Impact Analysis -19 and forecast until 2026” report has been added to from ResearchAndMarkets.com offer. The US vacation rental market was valued at US$14.32 billion in 2021 and is …

The resale volume of condominiums increased by 35.6% in March after a 6-month decline; price up 0.8%
SINGAPORE — Resale condominium prices edged up for the 20th consecutive month in March, as the number of transactions also increased after falling for six straight months. Last month, condo resale prices rose at a faster pace of 0.8% compared to February’s 0.6%, according to flash figures from real estate portals 99.co and SRX released …

Why are rental condos in Bangkok rare?
Unlike other mature markets where the leasehold regime is widely recognized across all segments of the residential market, Thailand, particularly Bangkok, is lagging behind. Less than a tenth of total condominium supply was classified as lease in 1Q22. In Bangkok, leasehold condominium is a type of ownership that covers property for sale while providing long-term …
Developer seeks to build 392 homes on former RI brownfield
The land, bordered by water on three sides, is located at 300 Roger Williams Ave. in East Providence. noble development, a subsidiary of Churchill & Banks, is due to acquire the remediated plot in June, formerly the site of a steelmaker. The 29-acre property is expected to become a large housing estate. Although there is …

Ontario woman charged $280,000 more for condo despite signing contract
People who bought units in a condominium development in Ontario said they were shocked when the developer raised prices and asked for more money despite signing contracts. “They want me to pay almost $280,000 more for the same device. I’m just shocked. I mean I can’t afford it purely and simply because I’m retired right …

From beer to semiconductors, war will hit US state economies | Featured story
From beer to cars, war will hit US state economies (TNS) — A protracted conflict between Russia and Ukraine would hit the U.S. economy broadly, with all 50 states hit by the fallout, according to an analysis by Moody’s Analytics. While the United States has limited trade ties with Russia and Ukraine, companies from beer …

US home price appreciation rate is slowing, though still strong, reveals Radian Home Price Index
WAYNE, Pa.–(BUSINESS WIRE)–In February, U.S. home prices rose at a slower pace than the previous month (January 2022), but continued to appreciate at higher rates than the previous year (February 2021 ). According to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. (NYSE: RDN) company, …

IN LEASEHOLD FINANCING, KEY ISSUES FOR MORTGAGE LENDERS
One of the most important considerations for a long-term ground lease is that the ground lessee’s leasehold interest in the land is “financeable.” A mortgage lender providing financing to the holder of a leasehold interest must evaluate the ground lease for specific essential criteria to preserve its lien position during the life of the loan …