NEW YORK — Blackstone Group LP, which has spent $5 billion to acquire almost 30,000 U.S. single-family houses, is nearing the later stages of its buying as home prices jump, said Jonathan Gray, the firm’s global head of real estate. The market has become more...
The potentially wild and crazy Slider Contest (that I said could go $100,000-$200,000 in either direction) came to a rather unremarkable close yesterday. The list price was $995,000, and it closed for $1,000,000 cash:...
The last period had 87 new listings, and 64 new pendings - this period produced a 77:69 mix of new and pending listings. Of the 69, there were 22 that were on the market seven days or less (32%): The UNDER-$1,200,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM...
The first part of my tour today with Giorgio Angelini and Guy Mossman talking about the real estate market for their new documentary. Guy was in charge of cinematography for the movie, "Buck", which won the 2011 Sundance Film Festival U.S. Documentary Competition...
Mortgage rates continued higher today, further extending the push into fresh 15-month highs confirmed on Friday. The secondary mortgage market didn't lose any ground by the end of the session, but volatility trading conditions during the day, along with other...
There will be more 20-somethings over the next 20 years than at any time in the country’s history, which apartment developers and lenders need to remember when thinking about construction and rental prices. This was one piece of advice that Dr. Richard Green, director...
CR, scooped me on my own video (again) but but for those who didn't catch it - this could be a market indicator. There aren't that many one-story estate homes on bigger lots in this price range, so this should sell. The agent said she expected something by now:
We probably had 100+ people come to open house this weekend, and in various stages of moving. Experienced lookers, first-timers, looyloos, neighbors, and a couple of potential sellers too! Statistically it will only get recorded as one sale, but the volume of people...
If desired, Zillow could devise a new PublicMLS system - they have the format, reputation, and eyeballs to get off to a flying start. Redfin could too, but as a brokerage they are going head-to-head with traditional realtors so it's more likely afight would erupt,...
Here's a summary of today's open house. I had at least 40-50 people stop in, including 11 realtors. Most were familiar with the model-match house that just went pending 100 yards away - and who raised their price from $640,000 to $660,000 at the same time. My listing...
