Real Estate
Record 70 per cent drop in available Wellington rental properties
Texas couple shot dead in ransacked home in gated community
Rents fall in popular areas of Dubai, Sharjah
Felda regains Jalan Semarak land - Nation
Mall of Africa tenants close up shop as protesters descend on H&M store
Bitcoin fever hits U.S. real estate market
Emanuel doesn’t say whether city should challenge low commercial property assessments
2018-01-18 02:36:34 Mayor Rahm Emanuel on Wednesday again dodged questions about whether he’s willing to challenge the assessments of downtown commercial properties that are out of whack with their market values, an imbalance that shifts more of the property tax burden onto the city’s residential taxpayers. The subject surfaced at Wednesday’s City Council meeting, where Ald. Ricardo Munoz, 22nd, introduced a proposal that would require Emanuel’s Law Department to challenge assessments on seven large commercial buildings in or near the Loop   Read More ...
There's Still Time To Rent Your Home For Super Bowl LII
2018-01-18 02:06:20 If you've been considering renting your place out for the Super Bowl, you still have time and this may be the best time to do it, Susan-Elizabeth Littlefield reports ( 3:21). WCCO 4 News at 6 - Jan. 17, 2018.   Read More ...
Mobile Home Fire Sends Up Black Smoke That’s Seen For Miles
2018-01-18 01:16:03 FEDERAL HEIGHTS, Colo. (CBS4)– Copter4 flew over a mobile home fire burning in Federal Heights on Wednesday afternoon. The fire sent up a thick, black plumb of smoke that could bee seen for miles. Investigators say this is a case of arson and a man is in custody and being questioned. They say the man had several homemade bombs inside the home   Read More ...
Record 70 per cent drop in available Wellington rental properties
2018-01-18 01:15:14 Wellington renters are desperate for homes as the number of available rentals plummets a record 70 per cent. "We haven't seen anything like this before, it's quite unusual," said head of Trade Me Property Nigel Jeffries. "It's a record drop as far as our records go back." Trade Me's data shows the number of listings remains about the same, but the availability of them by the end of the month is drastically reduced as properties are snapped up much faster   Read More ...
How many — and for how much — homes in popular Houston areas are selling: HAR Index from Dec. 2017
2018-01-18 00:06:36 Updated 4:10 pm, Wednesday, January 17, 2018 There were thousands of Houston-area residents that started the new year with a new home after closing on a house in December, according to data from the Houston Association of Realtors Rolling Average Report. Overall, the Houston housing market registered largely positive measurements in December. Single-family home sales, total property sales, total dollar volume and median pricing all went up in December 2017 compared to December 2016, according to HAR's monthly market comparison   Read More ...
Strong end to 2017, with house prices up 5.8% in December
2018-01-17 23:18:30 Press Release – REINZ. Strong end to 2017, with house prices up 5.8% in December says REINZ. Median house prices across New Zealand rose by 5.8% year-on-year to $550,000 – up from $520,000 in December 2016 and median prices for New Zealand excluding Aucklandincreased by 6.6% to $450,000 (up from $422,000 in December 16) according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand   Read More ...
Sentencing for Putnam funeral home owner rescheduled for February
2018-01-17 23:02:03 The sentencing in the case of a Poca funeral home owner, who sold and cashed in on pre-need funeral arrangements for more than 100 people who weren’t actually dead, has been rescheduled for next month. Chad Harding pleaded guilty in November to three felony charges of making fraudulent claims to an insurance company. He was originally scheduled to be sentenced Thursday   Read More ...
70% drop in Wellington rental properties; median rent up to record level
2018-01-17 22:21:38 News from Trade Me. Wellington tenants are being asked to dig deep after the capital’s median weekly rent jumped 6.7 per cent in December to a record-equalling $480, according to the latest Trade Me Property Rental Index. Head of Trade Me Property Nigel Jeffries said the demand in Wellington was “massive” with the number of available rentals* dropping 70 per cent in December   Read More ...
Trumbull office building to make way for apartments
2018-01-17 22:05:49 TRUMBULL — The sale of an empty office building slated to become a high-density apartment complex has been finalized. Branford-based agency O,R&L Commercial, which represented Canon USA, announced Tuesday the company’s former Trumbull headquarters was sold, making way for a six-building, 202-unit luxury apartment complex. The three-story, 79,000-square-foot space at 100 Oakview Drive was purchased for $4.5 million and is slated to be demolished for the residential development   Read More ...
Task force to tackle lease agreement between Verendrye Museum and City of Fort Pierre
2018-01-17 20:38:24 A six-member task force – three members apiece from the Fort Pierre City Council and the Verendrye Museum Board – will hammer out the details for a future lease of a city-owned building that has housed the museum for 50 years. The council made that decision at its meeting on Tuesday, which was attended by members of the museum board. The regular meeting day was shifted to Tuesday due to the MLK holiday   Read More ...
Woman, 2 children killed in mobile home fire outside Houston
2018-01-17 19:14:23 HOUSTON (AP) — Authorities say a woman and her two children have died in a mobile home fire northeast of Houston. Rachel Moreno, spokeswoman for the Harris County fire marshal's office, says first-responders saw flames coming from a back bedroom of the home early Wednesday. Names of the victims have not been released but Moreno says the woman was 33 years old, her daughter was 11 and son 9   Read More ...
International Real Estate: House Hunting in … Germany
2018-01-17 15:38:18 A SIX-BEDROOM HOUSE IN THE COUNTRYSIDE. $1.2 MILLION (980,000 EUROS) This two-story house is on a hillside in the village of Gross Denkte, about 10 miles south of Brunswick, Germany, and about 40 miles southeast of Hanover. The 3,444-square-foot home, which has six bedrooms and four bathrooms, is on about an acre, with broad views of the surrounding woods and fields   Read More ...
Hartford HealthCare to build new office building in Cheshire
2018-01-17 15:08:20 CHESHIRE, Conn. (WTNH) — The Cheshire Planning and Zoning Commission has approved Hartford HealthCare to build a new medical office building on South Main Street. According to the Meriden Record Journal, the commission unanimously approved the project, which will be built on the former on the former Cheshire Cinema site. Hartford HealthCare has also purchased the adjacent property, which used to host a 7-Eleven convenience store   Read More ...
councilwoman's affordable housing proposal draws skepticism
2018-01-17 14:47:19 Councilwoman Ellen Robertson thinks so, but the city administration isn’t sold. “This is a tool we can put in the tool chest as it relates to affordable housing,” Robertson said Tuesday at the council’s land use committee meeting. If approved, Robertson’s proposal would give the administration 60 days to study the issue and report back to the council. She introduced it in November but asked for a continuance at the land use committee meeting that month at the administration’s request, she said   Read More ...
Canberra rents skyrocket, now third highest in the country
2018-01-17 14:17:13 The cost of renting a house in Canberra has skyrocketed eight per cent in a year, and is now the third highest in the country behind Darwin and Sydney. Apartment rents are second only to Sydney, according to new data released on Thursday by Domain, owned by Fairfax. The median cost of renting a house in Canberra was $540 a week in December, up from $500 a year earlier   Read More ...
Higher mortgage rates on the way but 'increases will be gradual'
2018-01-17 10:36:48 Borrowers have been warned that European interest rates are set to rise, but the increases will be gradual and it will be 2021 before they hit 1pc.   Read More ...
Texas couple shot dead in ransacked home in gated community
2018-01-17 10:06:55 SPRING, Texas -- Police in the Houston area are investigating after a couple was found shot dead in their ransacked home in a gated community Saturday evening. Officials identified the couple Sunday evening as Bao and Jenny Lam, both 61, reports CBS affiliate KHOU. Their adult son grew concerned when he hadn't heard from his parents for several days and contacted authorities, who forced their way into the house and found the gruesome scene   Read More ...
Heat goes on Auckland landlord for not having smoke alarms
2018-01-17 07:29:56 Heat goes on Auckland landlord for not having smoke alarms The Tenancy Compliance and Investigations Team has successfully taken an Auckland landlord to the Tenancy Tribunal for failing to install smoke alarms, giving all landlords in this busy rental market a timely reminder to ensure their properties comply with smoke alarm legislation. The Tenancy Tribunal has ordered Auckland landlord Arie Peter Sterk pay $2000   Read More ...
Bad roads irk residents, realtors in Guntur
2018-01-17 07:13:32 The pitiable condition of roads in the city has robbed the sheen of festival in many residential areas. Pedestrians and commuters are forced to travel on the roads resembling dust bowls due to the sheer negligence of the contracting agency executing the Under Ground Drainage works. The delay in recarperting the roads dug up for laying the UGD pipelines and inspection chambers has worsened the plight of residents   Read More ...
Home loan values lift 2.3 per cent in November, boosted by first home buyers
2018-01-17 06:35:18 The proportion of first home buyers entering the property market has reached its highest level in five years after state and federal government intervention lifted the market out of a near-all-time low a year ago. The rally has seen the proportion of loans to first home buyers jump to 18 per cent, according to Wednesday's figures from the Australian Bureau of Statistics, surging from 13 per cent in January last year   Read More ...
The 'Fixer Upper' Home Featured on Last Week's Episode Is Already Back On the Market
2018-01-17 06:06:46 Soon after moving into her dream home—renovated by Chip and Joanna Gaines, natch—the most recent homeowner to have been featured on Fixer Upper also found her dream man. Patti Baker, the widow and Waco resident featured on the Jan. 9 episode of , moved into her newly renovated home, dubbed the Baker House, last March. A few months later, according to People, she reconnected with an old family friend, Pastor Joe Finfrock   Read More ...
Square Feet: A Push to Make Washington’s Downtown More Livable
2018-01-17 05:52:38 WASHINGTON — In a 43-square-block portion of the booming central business district, there are just 23 residential units, condos in a row of four late-19th-century townhomes on Jefferson Place, just south of Dupont Circle. It’s a minuscule number compared with the 33 million square feet of office space in the same area. With construction cranes for new office buildings dominating the skyline, owners of older buildings may face a choice: Upgrade to current standards to compete — an expensive proposition — or convert to residential use   Read More ...
Brookfield, Onex said to plan $3.7 billion offer for IWG
2018-01-17 05:14:54 Brookfield Asset Management Inc. and Onex Corp. are preparing an offer for IWG Plc that will value the commercial real estate company at about 2.7 billion pounds (US$3.7 billion), people familiar with the matter said. Zug, Switzerland-based IWG, which owns office space and competes with New York-based WeWork Cos., said last month it had received an “indicative proposal” for a cash deal from the consortium   Read More ...
2 young children, couple in their 20s killed in Rose Township mobile home fire
2018-01-17 05:11:31 ROSE TOWNSHIP, Mich. - Four people are dead from a deadly fire at a mobile home in Rose Township, including two children, just 2 and 5 years old. "There's just nothing I can do," family friend David Peters said. "I just know that I'm standing 10 feet away from where these people are dying, and I can't do anything." Peters said he wanted to do more   Read More ...
Downtown St. Paul reopens old Macy's for Minnesota Wild, others
2018-01-17 05:02:59 "I figured out how to turn it into a hole in the ground, and that was a big ugly number," said Hilleman, the Port Authority's senior vice president of real estate development. They abruptly changed course. Rather than ask the private sector to spend $13 million destroying Macy's, the Port Authority convinced the Minneapolis-based Hempel Cos. to become a majority owner and partner in its redevelopment   Read More ...
Reforms over who can build homes
2018-01-17 04:46:34 China will work on plans to allow non-real estate companies to build residential properties on land parcels to which they have acquired rights of use. The government will also no longer be the sole provider of residential plots, Minister of Land and Resources Jiang Daming told a national land resources work conference held on Monday. Trials on building rental housing on rural land, currently being conducted in more than a dozen Chinese cities, will be deepened as the country steps up efforts to put in place a housing system that ensures supply from multiple sources, provides housing support through multiple channels and encourages both house purchases and rental, Jiang said   Read More ...
San Antonio home sales break new record in 2017
2018-01-17 00:03:54 San Antonio’s growing economy propelled the local housing market to another record sales year in 2017, but the supply of homes on the market remains extremely tight. Home sales in the San Antonio-New Braunfels metro area increased by 3.8 percent in 2017 to a record 30,715, up from 29,596 in 2016, according to data released Tuesday from the San Antonio Board of Realtors   Read More ...
Man arrested in killing at Missouri mobile home park
2018-01-16 16:13:19 LINCOLN, Mo. (AP) _ A man has been arrested in a deadly shooting at a west-central Missouri mobile home park. The Benton County Sheriff’s Office says 27-year-old Caleb L.D. Shephard, of Cole Camp, was shot Friday night just outside the town of Lincoln. The Sedalia Democrat reports that he was rushed in an ambulance to a helicopter landing site, where he died   Read More ...
Korea considers property tax hike
2018-01-16 15:11:50 The government is considering a property tax hike on owners of multiple homes in Seoul's affluent areas to stabilize the property market, Finance Minister Kim Dong-yeon said Tuesday. "Given the continued rise of housing prices in Seoul's rich areas, it would be justifiable for the government to raise property taxes," Minister Kim said in a radio interview. Kim, also serving as deputy prime minister, said no concrete plans have been set as relevant government offices were working together to fix details such as tax rates   Read More ...
Advance Synergy unit buys 70% interest in commercial building blocks for RM40.95m
2018-01-16 15:01:29 PETALING JAYA: Advance Synergy Bhd’s unit Advance Synergy Realty Sdn Bhd is acquiring 70% interest in two units of detached commercial building blocks located in Kuala Lumpur and Shah Alam for RM40.95 million cash, in a bid to expand its business into property investment and enter the Peninsula Malaysia market. In a filing with Bursa Malaysia, the group said its unit entered into two sale and purchase agreements with Petaling Garden Sdn Bhd and Temasya Development Co Sdn Bhd respectively, for the proposed acquisition   Read More ...
China’s Hot Housing Market Begins to Cool
2018-01-16 15:00:17 In Beijing and Shanghai—two China’s largest housing markets—and other megacities, property sales have stalled and prices have dropped, and the high levels of debt that fueled a housing boom make the slowdown particularly perilous.   Read More ...
Marijuana grow-op discovered after mobile home fire
2018-01-16 13:37:43 Firefighters in the South Shore municipality of Sainte-Angèle-de-Monnoir dispatched to deal with a blaze in a mobile home Monday night discovered a marijuana grow op in the building’s basement. Provincial police say there were no injuries in the incident and no one was in the home when the fire broke out. Their investigation will continue on Tuesday.   Read More ...
Remaking a “Developer Special” in Brooklyn
2018-01-16 11:09:26 When Mike Farah was a research analyst at Merrill Lynch in 2007, he had the good fortune of working for a managing director who moved to Denver and left behind a handsome red brick townhouse on the edge of Carroll Gardens, Brooklyn. “He offered to have us live in his brownstone for a while and gave us a sweetheart deal,” said Mr   Read More ...
Vandals tag renovated home for sale in west St. Louis County
2018-01-16 07:06:19 ST. LOUIS COUNTY, Mo. – It's happened right before an open house scheduled for this weekend. "This neighborhood is top notch so to see this happen was an absolute shock," said owner Bob Camenzind. He found his house in the Old Farm neighborhood in west St. Louis County covered in graffiti Sunday morning. "Everything that was new on the house they put some paint on   Read More ...
Mortgage rates shoot higher to begin the new year
2018-01-16 07:02:50 By KATHY ORTON. The Washington Post January 12. 2018 12:21AM. Mortgage rates shot up this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 3.99 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.95 percent a week ago and 4   Read More ...
Houston couple ambushed, shot dead in mysterious double killing at gated community
2018-01-16 06:08:28 (ABC News) — Authorities in Houston are investigating a couple’s mysterious double killing in a secluded section of the city. The victims’ son, who went to check on his parents after not hearing from them since last Thursday, called police from the home Saturday night, the Harris County Sheriff’s Office said. When deputies went inside the home they found Bao Lam and Jenny Lam, both 61, bound and shot to death, the sheriff’s office said   Read More ...
Rents fall in popular areas of Dubai, Sharjah
2018-01-16 06:06:14 Dubai: Existing as well as new tenants are successfully negotiating hefty discounts from landlords as house rents rates continue to drop sharply in Dubai and Sharjah, real estate agents and residents told Gulf News on Monday. According to real estate agents, the supply is much greater than the demand, giving tenants the leverage to negotiate better rents. Taking advantage of the market, tenants are getting discounted rents even in prime areas like Bur Dubai, Gold Souq and Garhoud in Dubai, while Sharjah areas like Al Majaz, King Faisal Street and Al Khan have also witnessed significant drops in rent   Read More ...
Norton land baron charged over illegal sale of stands
2018-01-16 06:04:23 Norton land baron Cuthbert Mupame appeared at the Harare Magistrates’ Court on Friday charged with parcelling out agricultural land to prospective home seekers at Kingsdale Farm without government approval. BY STAFF REPORTER. Mupame was not asked to plead when he appeared before magistrate Rumbidzayi Mugwagwa, who remanded him out of custody on $300 bail. According to court papers, Maparahwe Properties (Pvt) Ltd representative and director Mupame, together with his partner Brian Mafirambudzi, who is said to be at large, have been charged with contravening section 39 of the Regional, Town and Country Planning Act and fraud   Read More ...
China land minister pledges new residential supply: Xinhua
2018-01-16 05:40:58 SHANGHAI (Reuters) - China will seek new sources of residential land supply and the government will gradually withdraw from being the sole provider of these plots, the state news agency Xinhua reported. Authorities will work on plans to let non-real estate companies build residential housing on land for which they have use rights, it quoted Minister of Land and Resources Jiang Daming as saying at a conference   Read More ...
Shanghai housing market to rebound in 2018
2018-01-16 04:02:25 The residential housing market in Shanghai continued to contract due to limited supplies and lending restrictions during the fourth quarter of 2017, according to data from JLL, a realty services provider. The mass housing market and the luxury segment in the city recorded drops of 47 percent and 80 percent respectively on a yearly basis, it said. However, analysts expected the overall housing market in Shanghai to rebound slightly in 2018   Read More ...