Why condos caught on in America

Aug

06

2021

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By Troy Warren

Why condos caught on in America

Home & Garden, Real EstateCondominium, HomeGarden, RealEstate

By Matthew Gordon Lasner, Hunter College Troy Warren for CNT #homegarden #realestate (THE CONVERSATION) The tragic collapse of Champlain Towers South in Surfside, Florida, on June 24, 2021, made millions of Americans focus for the first time on the risks of high-rise construction and oceanfront living. Many also became more aware of the pitfalls of condominiums and other forms of co-ownership in which each unit in a multifamily building or other kind of housing complex is individually owned, while the structure itself is owned, and managed, collectively. As I explain in my book “High Life,” however, there are many benefits to…

Aug

04

2021

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By Troy Warren

Black Realtor, client handcuffed during showing at home for sale

Editors Picks, In The News, Real EstateRealEstate, Realtor

By ArLuther Lee, The Atlanta Journal-Constitution Troy Warren for CNT Neighbor called 911; police department denies racial profiling A Michigan Realtor and his client were briefly placed in handcuffs Sunday during a showing at a home for sale where a neighbor called police to report a break-in. Officers from Wyoming Police Department, just south of Grand Rapids, immediately freed the men — both of whom are Black — after realizing the mix-up. But Realtor Eric Brown and prospective homebuyer Roy Thorne came away from the experience believing they had been racially profiled. Brown first noticed a large gathering of police outside…

Aug

02

2021

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By Troy Warren

Phoenix: Ranks No. 4 in nation for rental scams.

City News, Real EstateHouseRentalScams, PhoenixNewsAndTalk

Catherine Reagor | Arizona Republic Troy Warren for PhoenixNewsAndTalk.Com Alex McCarthy started checking out rentals in Tempe when she decided to move from Los Angeles earlier this year. She found a two-bedroom, two-bath condo with new appliances including a washer and dryer that was close to the freeways and light rail. The monthly rent was $1,450, about $500 less than her rent in California for a one-bedroom apartment. McCarthy jumped on it and signed a lease without seeing the home in person. After opening the door to the Tempe condo a few weeks later, she was angry. The second bedroom…

Jul

31

2021

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By Troy Warren

Housing Market Update: Pending Sales Post Smallest Increase in Over a Year

Real EstateCityNewsAndTalk, NewListings, PendingSales, RealEstate

by Rachel Musiker | Redfin.Com Troy Warren for CNT Home-selling speed and competition have passed their record-high peaks, meaning the market is starting to feel slightly more welcoming to buyers. But most homes still sell within two weeks and for more than list price. Most signs point to a cooling housing market. Pending home sales posted their smallest year-over-year increase (7%) since late June 2020. The supply of homes for sale continued to plateau as the number of newly listed homes for sale followed its slow seasonal decline. Home sale prices–a lagging indicator and a notable exception to the cooling…

Jul

31

2021

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By Troy Warren

Experts say you shouldn’t rush to buy a home this year — here’s why

Real EstateCityNewsAndTalk, HomeBuyer, RealEstate, SellersMarket

By Kiersten Willis, The Atlanta Journal-Constitution Troy Warren for CNT Those in the market for a home are aware that the country is still in a seller’s market. That means that demand for housing is exceeding availability. Additionally, housing prices are continuing to climb, including in metro Atlanta. Insider spoke to several economists about the housing outlook. They said increased prices will continue through 2021 and into 2022. The reason? Millennials are looking for homes, meaning demand will remain high. Economists say it will likely be difficult for the construction industry to keep pace. The best-case scenario, according to Housing Wire lead analyst…

Jul

30

2021

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By Troy Warren

Beverly Hills: ‘The Joker’ Filmmaker Todd Phillips Asks Dead Serious $34.5M for Beverly Hills Estate

City News, Real EstateBeverlyHillsNewsAndTalk, TheJokerDirector, ToddPhillips

BY MARK DAVID, DIRT.COM Troy Warren for BeverlyHillsNewsAndTalk.Com The residence, built in 1928 by architect Wallace Neff, was purchased from Paradigm chairman Sam Gores in 2012 for $17.25 million. One of Hollywood’s most bankable filmmakers, Todd Phillips has hoisted his lavish A-lister estate in the coveted Flats neighborhood of Beverly Hills, Calif., on the market with a blockbuster price of $34.5 million. It doesn’t take a mathematics genius to tabulate that the asking price is exactly twice the $17.25 million that was paid to Paradigm Talent Agency chairman Sam Gores for the property in May of 2012, right in between the money-minting releases…

Jul

28

2021

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By Troy Warren

Savannah: rental market surges in price, plummets in inventory

City News, Real EstateSavannahHomeRental, SavannahNewsAndTalk

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…

Jul

26

2021

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By Troy Warren

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

Real EstateBlueridgeGA, CityNewsAndTalk, RealEstate, VacationHome

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…

Jul

25

2021

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By Troy Warren

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

Digital, Real EstateLosAngelesNewsAndTalk, StudioCityLiveWorkTownhouses

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…

Jul

24

2021

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By Troy Warren

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

Real EstateCityNewsAndTalk, HousingMarket, RealEstate

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…

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