Real Estate

Savannah: rental market surges in price, plummets in inventory

Savannah: rental market surges in price, plummets in inventory

By Zoe Nicholson, Savannah Morning News, Ga. (TNS) Troy Warren for SavannahNewsAndTalk.Com Jul. 27—Lili Ugarriza was running out of time and luck. She found out a month ago the Ardsley Park house she’d been renting for the past year was going to increase $900 a month in price. She said she tried to extend the lease until December, but her landlord declined. Then, Ugarriza got a text: she had 60 days to move out. Since mid-June, the Colombia native has been in a mad dash to find a place for her and her partner to live. Showings are canceled within 45…
Read More
Here’s where you should buy a Georgia vacation home, per Evolve

Here’s where you should buy a Georgia vacation home, per Evolve

By Kiersten Willis, The Atlanta Journal-Constitution Troy Warren for CNT You can buy a vacation home just about anywhere, but some places are better than others. Georgians hoping to have a home away from home can do just that in Blue Ridge. The mountain town landed among the best places to buy a vacation rental in 2021, according to Evolve. It’s No. 2. The website selected the best places for a vacation property by focusing on three metrics. They reviewed national vacation rental performance metrics, Zillow’s 2020 median home value and estimated the annual expenses to run a vacation rental. In doing…
Read More
Los Angeles: New Studio City Townhouses Draw Digital Creators Thanks to Hybrid Zoning

Los Angeles: New Studio City Townhouses Draw Digital Creators Thanks to Hybrid Zoning

BY HADLEY MEARES | HollywoodReporter.Com Troy Warren for LosAngelesNewsAndTalk.Com Digital content makers are buying at a new development, with homes starting at $1 million, on the edge of Studio City. The next evolution in creator houses is here — and legal: Thirty Four Fifty West is a collection of townhouses starting at $1.015 million where the light-filled, multifloor units all have rare-for-Los-Angeles live/work zoning approval. Located at the edge of Studio City, across from Universal Studios, Thirty Four Fifty West has hybrid zoning that permits people to have a full professional office or creative studio with industrial grade electrical and the like in…
Read More
Housing Market Update: Low Mortgage Rates Buoy Prices as Competition Eases

Housing Market Update: Low Mortgage Rates Buoy Prices as Competition Eases

by Tim Ellis | RedFin.Com Troy Warren for CNT Home prices are still up 20% from a year ago even as fewer homes sell and the ones that do are sitting on the market longer and selling for less of a premium above list price. Like a slow turning ship, the housing market’s supply side is gradually gaining momentum as homes for sale begin to pile and pending sales continue a steady and seasonal decline. As both of these trends continue in the weeks ahead, prices will stop rising as rapidly as they have been and an increasing number of homes…
Read More
These Are the Best Real Estate Markets for Avoiding Bidding Wars

These Are the Best Real Estate Markets for Avoiding Bidding Wars

By Meena Thiruvengadam | BHG.Com Troy Warren for CNT In the 2021 housing market, real estate has become so competitive that bidding wars and cash offers are commonplace. Here are the areas in the U.S. where you can still find an affordable home. It's no secret that real estate has become extremely competitive in many areas of the United States. Bidding wars, cash offers, and personal pleas of all kinds have become parts of the housing market as much as saving for a down payment, finding a lender, and signing piles of paperwork. But there are still a few places in the U.S. where…
Read More
Atlanta: Do people still want to live in tiny homes after the pandemic? Short answer is yes.

Atlanta: Do people still want to live in tiny homes after the pandemic? Short answer is yes.

Credit: Jenni Girtman The common area of the village has a fire pit and is planted with blackberries, tomatoes and other herbs, fruits and vegetables tended to and consumed by the eight home owners. The recently completed Cottages at Vaughan are fully occupied with residents who live in the tiny homes in Clarkston on Monday, July 19, 2021. (Jenni Girtman for The Atlanta Journal-Constitution) By Zachary Hansen, The Atlanta Journal-Constitution Troy Warren for AtlantaNewsAndTalk.Com Georgia’s first tiny home community, which aims to be a proof of concept for micro living, quickly sells out Rich Pasenow was in his dentist’s office three…
Read More
Atlanta: Pandemic and Great Recession worlds apart for commercial real estate

Atlanta: Pandemic and Great Recession worlds apart for commercial real estate

By Andy Peters, The Atlanta Journal-Constitution Troy Warren for CNT Commuters driving along I-285 for years have seen only a huge, empty field at the long-shuttered General Motors plant in Doraville. That may change soon. Plenty of ideas have been tossed around on how to use the property over the past decade — a new Atlanta Falcons stadium at one point, or a bigger version of Atlantic Station, among others. Now it seems set to become a movie lot, plus a lot more.New owner Gray Television obtained building permits in Junefor the mostly empty 128 acres. Construction of multistorymovie studios is slated to start…
Read More
Mara Brock Akil and Salim Akil Drop $13.8M on Grand Hancock Park Mansion

Mara Brock Akil and Salim Akil Drop $13.8M on Grand Hancock Park Mansion

BY MARK DAVID, DIRT.COM Troy Warren for CNT The 'Black Lightning' producers' new Italian Renaissance Revival-style house was built in 1930 and includes four bedrooms plus a guest house. It’s nowhere near the highest price ever paid for a single-family home in L.A.’s historic and historically hoity-toity Hancock Park neighborhood — that honor goes to a the baronial red-brick Tudor Nickelodeon president Brian Robbins sold in early 2020 for $19 million — but the recent $13.8 million sale of a fashionably rehabbed Italian Renaissance Revival-style mansion that anchors a prominent corner of the exclusive neighborhood does represent the to-date highest amount paid this year for…
Read More
Atlanta: Georgia cities rank low on list of best cities for renters

Atlanta: Georgia cities rank low on list of best cities for renters

By Nancy Clanton, The Atlanta Journal-Constitution Troy Warren for CNT Renting isn’t always a cheaper or better alternative to owning a property Rent vs. own is a debate most people have with themselves at some point. Roughly 44 million American households have opted to rent rather than buy their homes because of convenience, cost or both. But renting isn’t always a cheaper or better alternative to owning a property. The right road to take depends on a variety of factors, including an individual’s or family’s financial means, and how well the local real-estate market is doing. Each has advantages and drawbacks, so it’s…
Read More
Good News Homebuyers:  Housing Market Shift is Coming

Good News Homebuyers: Housing Market Shift is Coming

Catherine Reagor | Arizona Republic Troy Warren for CNT Sellers’ grip on housing market is starting to slip. The supply of homes for sale has steadily been climbing for the past few months, giving buyers worn out by bidding wars and new monthly home price records a better chance to close on one. Drops in listing prices are on the rise too. Home listings are up almost 43% since late February, according to the Cromford Report. And price reductions in homes listed for sale have jumped 102% since mid-February. It’s also taking a couple days longer for homes to sell because buyers have more choices. “We are seeing…
Read More