Even as California battles the largest wildfire in state history—a blaze known as the Mendocino Complex has scorched about 454 square miles in Northern California and forced tens of thousands to flee their homes—no reports have surfaced of real estate professionals or brokerages in the area being affected, according to the California Association of REALTORS®. Other brokerages, such as Keller Williams Realty, say they stand ready to act in ca
Three Pacific Union real estate agents were among the five victims of a fatal twin-engine plane crash that nosedived into an upscale Santa Ana, Calif., shopping center on Sunday. All five victims were on board the aircraft.Courtesy of Pacific UnionREALTORS® Lara Shepherd, 42, Floria Hakimi, 62, and Nasim Ghanadan, 29, were identified as among the victims on the plane.REALTORS® Lara Shepherd, 42, Floria Hakimi, 62, and Nasim Ghanadan, 29, were i
Homeowners who love supersized homes may want to head to Scranton, Pa. Realtor.com® ranks Scranton as the top city to find the biggest bargains on big homes in the country.Nationwide, a home of over 3,000 square feet will cost $589,700, or about $147 per square foot, according to realtor.com®. In Scranton, however, the median list price of a home over 3,000 square feet is $379,900, or $94.99 per square foot.Realtor.com® researchers analyzed li
Apartment rents climbed in 88 percent of the 250 largest U.S. cities, with the national average rent reaching an all-time high in July, RentCafe reports. Seasonal demand and a rise in rental activity have offset a wave of new apartments that have opened up this year, the national rental listing service notes.The national average rent climbed to a record high of $1,409 in July, up 2.8 percent year over year.The largest apartment rental increases w
Summer can be a popular time to remodel a home. Calling in the professionals may help ensure the job is done right and satisfactorily to help boost a home value, too. For homeowners looking to spruce up their digs, Rae Duncan of Rae Duncan Interior Design in Chicago offers some of the following tips to help buyers and sellers choose the right interior decorator and contractor:1. Sellers should choose a designer who not only can aid the inside of
Where are the best neighborhoods for buyers and investors? ATTOM Data Solutions ranked more than 10,000 neighborhood housing markets nationwide using the letter grades A through F. The real estate data firm factored in six metrics: affordability, home price appreciation, school scores, crime rates, unemployment rates, and property taxes.ATTOM broke down the common housing characteristics and trends among each grade.The top five neighborhood
The construction cranes dotting the skylines of major North American cities are largely working on residential projects, according to the July 2018 Crane Index report by Rider Levett Bucknall, the international property and construction consultancy. The data released this week also shows the national tower crane tally is climbing. There were 423 construction cranes counted in July 2018, a more than 10 percent increase from to the 383 cranes cou
Borrowers got stuck with higher mortgage rates again this week. The 30-year fixed-rate mortgage climbed for the second consecutive week, averaging 4.6 percent. Mortgage rates are now at their fourth highest level of the year, Freddie Mac reports.“The higher rate environment, coupled with the ongoing lack of affordable inventory, has led to a drag on existing-home sales in the last few months,” says Sam Khater, Freddie Mac’s chief economist.
Commercial real estate giant Cushman & Wakefield made its debut on the stock market on Thursday, with shares jumping up to 7 percent in its initial public offering on the first day of trading. Cushman ended Thursday trading at $17.81 per share on the New York Stock Exchange.“Being public gives us a currency where we can accelerate our growth even above where it has been these days,” Brett White, CEO of Cushman, told CNBC.The company offe
An empty parcel in Los Angeles could potentially become the most expensive piece of real estate ever sold, CBS News reports. Labeled “The Mountain,” the 157-acre lot in Beverly Hills is the highest point in the 90210 ZIP code and offers up 360-degree views of Los Angeles County.The plot contains 17 parcels of land; six are zoned for homes. The land also comes with permission to build 1.5 million square feet of living space. Bloomberg estimate
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