In Oakland, California, big-ticket homes sold in just 17 days. Read More
BY THE NUMBERS
LISTING OF THE DAY
The apartment, currently being used as a model unit, has 14-foot windows. Read More
Keep your college-bound kids comfortable, connected, caffeinated and (somewhat) clean with high-tech gadgetry. Read More
Additional U.S. Cities Hitting the $1 Million Price Mark
The list of U.S. cities with median home values at or above $1 million will be getting larger next year, according to Zillow. The property site anticipates that 23 new cities will be added to its “$1 Million City List,” which currently has 197 entries. The projected home value growth rate of 6.6% for the year next year is expected to be exceeded in many neighborhoods, including the San Francisco area where markets like Fairfax, East Palo Alto and Broadmoor are all projected to join the list in upcoming months.
Dubai Developer Marketing Second Home to Locals
New high-end second homes will be introduced into the Dubai real estate market. A development called Heart of Europe will be offering villas, beach palaces and a hotel designed to cater to Dubai buyers who are looking for secondary homes. Dubai’s vacation homes have mainly been geared towards international buyers. Sales have begun at the project, which is estimated to be completed by 2020.
Mobile Apps Appeal to Chinese Renters
Renters in China are finding it easier to lease an apartment with landlords accepting contracts, rental agreements and payments online. While typical rental agreements require a down payment equaling three months rent, payment of the first month up front and brokerage fees, many mobile leasing apps allow applicants with strong credit to forego those payments. Renters can rely on the apps after moving into their apartment as well, using it to register maintenance requests and other concerns.
Florida Sales, Prices Trickled up in Second Quarter
Median prices, sales and listings increased across Florida in the second quarter, according to data released by Florida Realtors. The sales price for single-family existing homes rose 6.7% from last year to $256,150, while homes also sold faster, the report said. “Half of the single-family homes that sold in the second quarter were only on the market for 35 days or less, compared to 39 days or less in the same quarter last year,” said Florida Realtors Chief Economist Dr. Brad O'Connor.
AROUND NEWS CORP
Selena Gomez Cuts Additional $300K Off Price of Her Fort Worth Mansion [Realtor.com]
Here’s Why America’s Houses are Getting Older [MarketWatch]
The Pictures That Will Sell Your Home [Times of London]
Warrandyte: Where Australians Most Want to Live [realestate.com.au]
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