Condos are selling below list price as fees discourage buyers

According to a new Redfin report, an overwhelming 68.4 percent of condos sold below their asking price — the highest share in five years. That’s a jump from 63.3 percent last year, signaling a cooling condo market. Continue reading

Luxury sales surge near Mar-a-Lago as Trump settles into 2nd term

Luxury home sales have taken off since Donald Trump’s re-election, and Palm Beach, Florida, home to his Mar-a-Lago resort, is at the center of the boom, Mansion Global reported Thursday. Continue reading

ADUs take center stage as Los Angeles housing goes up in smoke

As wildfires rage across California, destroying over 9,000 homes and displacing thousands of residents, accessory dwelling units (ADUs) have emerged as a critical housing solution five years after being approved in Los Angeles. ADUs, also known as gran… Continue reading

Portfolio growth, tenant retention help Blanket shine: Tech Review

Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who want… Continue reading

Most expensive home listed in San Francisco takes $5.5M price cut

A mansion in the Presidio Heights neighborhood that had its price slashed to $39.5M is still the most expensive single-family home for sale in the Bay Area city, reports say. Continue reading

In 3 months, spending on new home construction fell by 9%

August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436 billion, a 2.9 percent fall from July, according to U.S. Census Bureau data released Monday. Continue reading

New home starts fall sharply: ‘The whole housing sector is in retreat’

The number of new construction projects for single family homes dropped by 10 percent in July, the steepest decline of the year, according to the U.S. Department of Housing and Urban Development. Continue reading

Property tax hikes slowed last year even as home sale prices soared

The average property tax bill rose by 1.8 percent in 2021. That’s the lowest increase in years, despite record home price growth, according to a new report from Attom Data Solutions. Continue reading