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Daily Archives: November 3, 2023

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New for Q4: your one stop “Agents are over/underpaid,” “there’s gotta be a better way” and “This thing will make agents obsolete maybe” megathread

NewsBy coleencookeNovember 3, 2023

Hey there /r/RealEstate! I’ve noticed an uptick in these threads and have had requests to take them down as “redundant.” So just as the title says, this is your place to rant about them all add your own well thought out ideas on the issues facing the real estate industry in the US and Canada…

Went under contract on a dream house…

NewsBy coleencookeNovember 3, 2023

And the owner has more than 5x the sale price in federal tax liens. The house was listed for sale by her POA who probably had no idea. Now we’re out over a grand because I didn’t check the court records before we made an offer. Lame EDIT TO ADD: All, I’m frustrated with myself.…

Elderly Neighbor help needed wants to sell but live in

NewsBy coleencookeNovember 3, 2023

I have an elderly next-door neighbor that would like to sell his property but live there until his incapacitation or passing. Any recommendations on how I would set this up or create a contract with an attorney? TIA Edit: I should’ve mentioned that I have an interest in the property, I have an adjoining piece…

AM I RESPONSIBLE FOR THIS HOUSE? HELP

NewsBy coleencookeNovember 3, 2023

Hello! My ex is buying a house and since we are still legally married I have to sign the closing documents as well. Am I going to be financially responsible? He says my name won’t be on the deed. HELP!! submitted by /u/lilstormcloud [link] [comments]

What do you wish you knew when you started your first time home buying journey?

NewsBy coleencookeNovember 3, 2023

Realtor here, I come in peace. I’m trying to design a first time home buyer seminar/class for my area. I’d appreciate some feedback from the community on what are some things you wish you knew before you started the home-buying process. I’ve got information on financing, steps in the process (searching for homes, making offers…

Thirty One Percent of all U.S. Home Sales Are New Construction in Q3

UncategorizedBy coleencookeNovember 3, 2023

The Highest Percentage Share of Any Third Quarter on Record Based on new research by Redfin’s data journalist Lily Katz, nationwide, 30.6% of U.S. single-family homes for sale in the third quarter were new construction. That’s the highest share of any third quarter on record and up from 28.9% one year earlier and 25% two…

National Mortgage Delinquency Rates in U.S. Hit Historic Low in August

UncategorizedBy coleencookeNovember 3, 2023

Based on CoreLogic’s latest monthly Loan Performance Insights Report for August, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.2 percentage point decrease compared with 2.8% in August 2022 and a 0.1 percentage point decrease from July 2023.…

Hong Kong’s Retail Market Faces Six Challenges to Recover

UncategorizedBy coleencookeNovember 3, 2023

Retail sector needs to be reshaped to regain its competitive advantage says JLL According to a new retail report released by JLL, Hong Kong’s retail rents are unlikely to return to their historical market peaks in the coming five years due to the six key challenges ahead. To speed up the pace of recovery of…

Zombie Properties in U.S. Increase 15.3 Percent Annually in Late 2023

UncategorizedBy coleencookeNovember 3, 2023

As U.S. lenders chase an increasing number of delinquent mortgages in 2023 According to ATTOM’s newly released fourth-quarter 2023 Vacant Property and Zombie Foreclosure Report, almost 1.3 million (1,294,505) residential properties in the United States are vacant. That figure represents 1.27 percent, or one in 78 homes, across the nation – virtually the same as…

Electric Vehicle Public Charging Stations in Asia Pacific Will Reach Ten Million by 2030

UncategorizedBy coleencookeNovember 3, 2023

According to new research by CBRE, Asia Pacific electric vehicle (EV) sales have seen exponential growth in the past two years, accounting for nearly two-thirds of global auto sales. The soaring demand for charging facilities across the region provides the opportunity for commercial real estate owners to enhance their assets with EV charging installations. CBRE…

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