Real Estate Tech News


As the housing market stagnates, American homeowners are staying put for the longest stretches ever

As the housing market stagnates, American homeowners are staying put for the longest stretches ever

Housing-market headwinds are keeping American homeowners in their properties for the longest stretches on record, in a sharp distortion of the mobility Americans have for decades prized. Across the country, homes that sold in the third quarter of this year had been owned an average of 8.23 years, according to an analysis from Attom Data Solutions. That’s almost double the length of time a home sold in 2000, when Attom’s data begin, had been owned.
Pending home sales snap back in September after 4-month losing streak

Pending home sales snap back in September after 4-month losing streak

U.S. pending home sales edged up 0.5% to a reading of 104.6 in September from 104.1 in August, the National Association of Realtors said Thursday. The consensus forecast among economists surveyed by Econoday was for no change. What happened: NAR’s index, which tracks real estate contract signings, snapped a four-month losing streak. But it was lower than year-ago levels for the ninth month in a row, this time by 1.0%.
Existing-home sales slump to a near 3-year low as buyers back out

Existing-home sales slump to a near 3-year low as buyers back out

The numbers: Existing-home sales ran at a seasonally adjusted annual rate of 5.15 million in September, the National Association of Realtors said Friday. That was a 3.4% decline for the month and the lowest pace of sales since November 2015.
Pretium Explores Up to $5 Billion of Rental-Home Sales

Pretium Explores Up to $5 Billion of Rental-Home Sales

Pretium Partners LLC, the third-largest owner of U.S. single-family rentals, is working with Morgan Stanley and Ardea Partners to explore options that could include a sale of most of the company’s homes, according to people with knowledge of the matter.
Homebuilder sentiment unexpectedly rises amid solid demand

Homebuilder sentiment unexpectedly rises amid solid demand

Confidence among homebuilders unexpectedly rose in October, registering the first gain in five months amid falling lumber prices and solid demand, according to a report Tuesday from the National Association of Home Builders/Wells Fargo. The Housing Market Index increased 1 point to 68 (the estimate was 66). The current sales gauge for single-family homes increased to 74 from 73; the gauge of the six-month sales outlook rose to a three-month high of 75 from 74. The measure of prospective buyer traffic climbed to a seven-month high of 53 from 49.
Zillow: Most Americans would rather renovate than move

Zillow: Most Americans would rather renovate than move

New 'Housing Aspirations' report determined that a whopping 76% would rather upgrade than relocate. Most Americans would rather stay in their current home and make renovations than move, according to a new study from Zillow. The real estate tech company’s latest “Housing Aspirations” report finds that 76 percent of Americans would rather use a set amount of money to upgrade their homes, as opposed to using that same set of funds as a downpayment on a house.
David Beckham scores a court win on a Miami stadium deal he no longer wants

David Beckham scores a court win on a Miami stadium deal he no longer wants

A Florida appeals court on Wednesday sided with Miami-Dade in a no-bid deal with David Beckham and partners to buy county land for an Overtown stadium the retired soccer star no longer wants. The Third District Court of Appeal ruled against Bruce Matheson, a wealthy landowner near the former stadium site who last year sued the county over the legality of selling public real estate without inviting other bids.
Two investors snap up historic San Francisco Ferry Building for $291 million

Two investors snap up historic San Francisco Ferry Building for $291 million

New owners picked up the San Francisco Ferry Building with plans to spruce up one of the city’s best-known landmarks. Hudson Pacific Properties (NYSE: HPP) and Allianz Real Estate dropped $291 million, or $1,086 per square foot, to buy control of the 268,018-square-foot office and retail property. The seller in the deal is Equity Office, an affiliate of global investment behemoth Blackstone.
UK house prices fall sharply in September amid Brexit wariness

UK house prices fall sharply in September amid Brexit wariness

Economists said the national picture painted by Halifax obscured some regional differences, with London house prices falling for the first time since 2009, yet prices elsewhere are rising. UK house prices unexpectedly dropped at the fastest pace for almost six months in September, according to Halifax, as the number of homes for sale in 2018 fell to a decade low.
Up to 10,000 attend rally demanding end to housing crisis

Up to 10,000 attend rally demanding end to housing crisis

The housing and homelessness crises are now affecting “everyone” and could become “the new water charges” in terms of mobiling protesters, those at a rally demanding action on the issue said on Wednesday. Up to 10,000 people, from all age groups, sectors and parts of the country, took part in the #RaiseTheRoof protest outside Leinster House in Dublin.


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