These Are the Best Real Estate Markets for Avoiding Bidding Wars

Jul

24

2021

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By Troy Warren

These Are the Best Real Estate Markets for Avoiding Bidding Wars

Home & Garden, Real EstateCityNewsAndTalk, HomeGarden, LessExpensiveHomeMarkets, RealEstate

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…

Jul

24

2021

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By Troy Warren

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

City News, Home & Garden, Real EstateAtlantaNewsAndTalk, CottagesonVaughan, TinyHomes

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…

Jul

24

2021

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By Troy Warren

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

Business, City News, Real EstateAtlantaNewsAndTalk, CommercialRealEstate, Doraville

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…

Jul

22

2021

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By Troy Warren

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

Celebrity, Real EstateBlackLightningProducers, CityNewsAndTalk, MaraBrockAkil, SalimAkil

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…

Jul

22

2021

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By Troy Warren

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

City News, Home & Garden, Real EstateCityNewsAndTalk, GeorgiaHomeRenting

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…

Jul

18

2021

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By Troy Warren

Good News Homebuyers: Housing Market Shift is Coming

Home & Garden, In The News, Real EstateCityNewsAndTalk, HousingMarket

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…

Jul

17

2021

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By Troy Warren

YouTuber Jackie Aina Buys $6M Arcadia Mansion

Digital, Real EstateCNT, YouTuberJackieAina

BY JAMES MCCLAIN, DIRT.COM Troy Warren for CNT The beauty guru's new 10,270-square-foot house, built in 2021, includes six bedrooms, two kitchens and a sauna. Jackie Aina grew up in L.A.’s San Gabriel Valley, which she’s previously described as “kind of a hood and kind of suburban.” But that was her experience growing up in La Puente, a relatively poor community just south of West Covina, where Aina was raised in a three-bedroom, one bathroom house she shared with eight family members. Today, the 33-year-old is now arguably YouTube’s top Black beauty guru, and one of the internet’s top beauty gurus in general —…

Jul

16

2021

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By Troy Warren

‘Modern Family’ Star Julie Bowen Buys Meghan Trainor’s Toluca Lake Estate

Real EstateBingCrosby, CNT, JulieBowen, ModernFamily

BY WENDY BOWMAN, DIRT.COM Troy Warren for CNT The 7,100-square-foot, five-bedroom house was also owned back in the day by Bing Crosby. While Julie Bowen still awaits a buyer for her snazzy Thornton Abell-designed midcentury modern in Laurel Canyon, the Modern Family star isn’t resting on her proverbial laurels — records reveal she’s already acquired a substantially larger new house, this one a celeb-pedigreed estate in Toluca Lake. The $6 million property was sold by Grammy-winning singer Meghan Trainor. Back in 2016, the “All About That Bass” star paid nearly $5 million for the five-bedroom, 7.5-bathroom home, which was also once owned by now-divorced actors Megan Fox and Brian Green.…

Jul

14

2021

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By Troy Warren

Shonda Rhimes Asks $25M for Mansion in L.A.’s Hancock Park

Real EstateCNT, Mansion, ShondaRhimes

BY MARK DAVID, DIRT.COM Troy Warren for CNT The 'Bridgerton' creator bought the nearly 100-year-old, seven-bedroom house in 2014 for $8.8 million. It was only 2.5 years ago, after an exhaustive and exhausting five-year renovation and restoration, that television titan Shonda Rhimes wrote in Architectural Digest that her three young daughters “will grow up” and “become women” while living in the Los Angeles mansion she scooped up in early 2014 for $8.8 million from sitcom star Patricia Heaton. Indeed, she said loved the house. Ms. Rhimes, who just inked a new five-year deal with Netflix — it’s reportedly has built-in bonuses that could push her haul into…

Jul

12

2021

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By Troy Warren

Scottsdale mansion sells twice in one day for a total of $32.5 million

Real EstateScottsdaleRealEstate

Catherine Reagor | Arizona Republic Troy Warren for CNT A mansion in north Scottsdale's Silverleaf area sold twice in one day for a total of $32.5 million. Those deals were the top two priciest home sales in metro Phoenix during the past week. $17,500,000 Santos Zamora, president of Quality Motor Cars of Stockton, California, paid cash for a 14,350-square-foot mansion in north Scottsdale’s Silverleaf community. He purchased the nine bedroom, 9 ½ bathroom house from another buyer, who paid $15 million for it earlier that day. The home has multiple outdoor fire pits and water sculptures and also comes with a resort…

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