home sales

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Legislation Would Counter Home Sales to Investors

In 2022, the buyers took one in four single-family homes off the market

(Newser) - Bills have been introduced in Congress and state legislatures to stop large investors from snapping up residential real estate. Backers say investment firms backed by Wall Street money have bought hundreds of thousands of houses with billions in all-cash offers. The practice wipes out inventory and pushes prices up, the...

Mortgage Rates Head Toward Unwanted Threshold

They're back up near 7%, putting a damper on an expected housing resurgence

(Newser) - Homebuyers, builders, Realtors, and pretty much everyone connected to the housing industry hoped this spring would be a robust one for sales because of declining mortgage rates. But as the Wall Street Journal reports, things are going in the opposite direction. Rates are now heading back toward 7%, a threshold...

New Realtors' Settlement 'Will Blow Up the Market'

National Association of Realtors agrees to $418M deal that will slash commissions to settle suits

(Newser) - The National Association of Realtors has signed off on a huge deal that some say "will blow up" the housing market. The New York Times has seen a copy of the $418 million settlement that would get rid of the standard 5% or 6% commission fee for real estate...

Famed 'Pulitzer Prize House' Could Be Yours—for $2M

Not one, not 2, but 3 winners of the esteemed prize have lived in this Atlanta 'oasis'

(Newser) - Can literary genius hover around a home like a ghost, ready to be absorbed by the abode's next purchaser? An Atlanta residence that has housed not one, not two, but three Pulitzer Prize winners is now on the market, so a lucky future owner (or owners) is about to...

Home Sales Miss Expectations
Home Sales Hit 13-Year Low

Home Sales Hit 13-Year Low

Rising mortgage rates and inventory shortage slow pace

(Newser) - Sales of previously occupied US homes slumped in October to the slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.1% last month from September to a seasonally adjusted annual rate of 3....

Majority of Homebuyers OK With 'Haunted' House

Zillow survey finds 67% of potential homebuyers would buy one, if other factors fell into place

(Newser) - Would you buy a "haunted" house if you saw it pop up online ? In this challenging market, the majority of house-hunting Americans say yes, so long as the home was appealing in other important ways. Forbes reports that, per a new survey out from Zillow, 67% of potential...

Boring-Looking Ranch for Sale for $5.5M Is a Famous One
Brady Bunch Fan
Now Owns the Home

Brady Bunch Fan Now Owns the Home

Tina Trahan buys the California dwelling for $3.2M

(Newser) - The home made famous by the Brady Bunch has sold for $3.2 million, reports the Wall Street Journal . Fan Tina Trahan, 53, bought the Los Angeles-area property from the HGTV network for well under the $5.5 million asking price, though that asking price was a bit of a...

Check Out the $61M Digs J.Lo, Ben Affleck Just Bought

Couple splurges for 12-bedroom, 24-bathroom (yes, 24) home in Beverly Hills

(Newser) - When nature calls, it's good to know your new home has 24 bathrooms to choose from. We're not sure if that feature is what ultimately sold Jennifer Lopez and Ben Affleck on their new $61 million mansion, but it's the one the Daily Mail homes in on...

'We Buy Ugly Houses' Firm Accused of Shady Tactics
'We Buy Ugly Houses' Firm
Accused of Shady Tactics

'We Buy Ugly Houses' Firm Accused of Shady Tactics

ProPublica says the company zeroes in on desperate homeowners, pressures them to sell

(Newser) - You may have seen the "We Buy Ugly Homes" signs or flyers around, or heard of parent company HomeVestors. The premise behind the business is straightforward: They'll buy the homes of sellers willing to take less than full price in exchange for the convenience of a quick sale....

Hope Your Home Sells Big? Folks Love These Amenities

Zillow finds she sheds, steam ovens, and more can offer a big boost to home sale prices

(Newser) - Looking to put your home on the market? In addition to standard "curb appeal" maintenance you might have to do to boost your house's salability, there might already be a few things that fall in your house's favor, from a buyer's perspective. Real estate company Zillow...

Have $2M? Scoop Up the Kennedys' Starter Home

4-bedroom, 4-bath townhouse in Georgetown where JFK, Jackie lived as newlyweds is on market

(Newser) - Before there was Camelot, there was 3321 Dent Place, the four-bedroom, four-bath townhouse in DC's Georgetown neighborhood where JFK and Jackie Kennedy moved just a few months after marrying in September 1953. Now, per Insider , that 3,072-square foot residence where the junior senator and his bride first set...

New Owner Has Big Plans for Goonies House

Superfan Behman Zakeri to host visitors, potentially overnight

(Newser) - After seeing The Goonies at the theater in 1985, 8-year-old Behman Zakeri visited neighbors asking whether he could search their basements for tunnels that might lead to hidden treasure. His obsession with the Steven Spielberg film hasn't faltered in the decades since—after all, Goonies never say die—which...

Consumer Confidence Takes First Jump in Months

Dow rises on the news

(Newser) - The confidence of American consumers rebounded this month to end the year on a high note despite high inflation, rising interest rates that have made credit cards and mortgages more expensive, and growing anxiety about a possible recession. The Conference Board reported Wednesday that its consumer confidence index rose to...

Tom Brady Has a New Neighbor: His Ex

Gisele Bundchen reportedly scoops up $11.5M home across creek from Brady in Miami Beach

(Newser) - Tom Brady has said that his split with Gisele Bundchen has been "a very amicable situation," and his ex's latest home purchase seems to prove that's the case. Page Six reports the supermodel has closed on an $11.5 million five-bedroom, seven-bathroom home in Miami Beach,...

Home Sales in US Slow to 2012 Pace
Home Sales in US
Slow to 2012 Pace

Home Sales in US Slow to 2012 Pace

Totals drop for 8th straight month

(Newser) - Sales of previously occupied US homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising home prices, and a still tight supply of properties on the market. The National Association...

In These 10 Cities, Open Up Your Wallet to Buy a Home

On the West Coast especially

(Newser) - It's a seller's market, and home prices are booming. The Hill notes that US housing price tags were on an upward climb for decades before COVID, but now that the pandemic is starting to wane, the spike is even more pronounced. Current home prices are coming in at...

Tiny California House Sells for Not-So-Tiny Price
Tiny House Sells for $1M,
and It Is Really Tiny
in case you missed it

Tiny House Sells for $1M, and It Is Really Tiny

328 square feet, to be exact, smack in the middle of Santa Cruz, Calif.

(Newser) - What would you pony up for a one-bedroom, one-bath tiny house? If your answer stretches into the seven figures, you would've been a good candidate for an abode in California's Santa Cruz that did not come with a tiny price tag. The Sacramento Bee notes that, per Home...

First-Time Homebuyers May Want to Check Here First

Chesapeake, Va., holds promise, as do several other Virginia cities

(Newser) - With the pandemic showing signs of waning, plans that were put on hold are starting to gain new life. If you've been mulling buying your first home, some US cities may hold more promise than others. WalletHub looked at 300 cities of varying sizes across America, examining nearly two...

TV Ghost Hunter Rids Himself of Manson Murder House

It sold for less than Zak Bagans of 'Ghost Adventures' paid for it in 2019

(Newser) - The home where Charles Manson's followers committed their last multiple murder has sold for well below the asking price after eight months on the market. The two-bedroom, two-bath home in Los Angeles' Los Feliz neighborhood, where supermarket chain owner Leno LaBianca and his wife Rosemary, who ran a clothing...

'This Might Be the Most Competitive Housing Market' Ever

From Seattle to Wichita, homes are selling for well above list prices

(Newser) - The red-hot US housing market is widening the gap between what a home is objectively worth and what eager buyers are willing to pay for it. Fierce competition amid an ultra-low inventory of homes on the market is fueling bidding wars, prompting a growing share of would-be buyers to sweeten...

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