Author: lofaack

• The drop in investor purchases outpaced the 31% decline in overall home sales. 
• Investor market share is down to 16% after hitting an all-time high of 20% in the first quarter of 2022. 
• Investors are also making up a smaller share of the home-selling pie, with 8% of new listings owned by investors, down from a peak of 13% at the end of 2021.
• Investors are gravitating to low-priced homes and single-family homes–though investor purchases of single-family homes declined year over year due to limited inventory. 
• Investor market share and investor purchases retreated most in Phoenix, Las Vegas and other

The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That’s the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 US counties and found that home prices in 99% of those areas were beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.

Housing experts point to several trends driving up housing costs. Mortgage rates have topped 7%, adding hundreds of dollars per month to

News Corp Australia Network

The Coronis family are selling up their home.

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Despite his towering success in the realm of real estate, industry titan Andrew Coronis finds himself unexpectedly anxious as the vendor for his own family home.

“Selling a house is kind of like hanging your washing on the line for everyone to walk past and look at,” Mr Coronis said.

“Even if everything goes right during a property sale, it’s still nerve wracking.”

With 35 years of skin in the game spearheading the largest

A fraudulent scheme that saw an unoccupied home in Richmond, BC, sold without the owner’s consent has led to more than $300,000 in discipline penalties and costs for the real estate agents and brokers involved.

According to a notice from the BC Financial Services Authority (BCFSA), the Pacific Evergreen Realty agents and managing brokers involved in the 2019 sale were not involved in the scam, but “they failed to take reasonable measures at multiple points in the transaction.”

The BCFSA says at least two men were involved in the fraud. One posed as the owner of the house and used

It’s not every day we see an A-lister involved in the marketing of their real estate, and yet an actor Alec Baldwin has stepped in front of the camera to help sell his recently relisted estate in Amagansett, NY.

Last week, the three-time Emmy winner fronted a YouTube video in which he wistfully described his fondness for the East Hampton hamlet and the homes he’s lived in there, most notably his 10-acre property on Town Lane.

Baldwin has been trying to offload his longtime Hamptons home since 2022. And recently, the five-bedroom, 10,000-square-foot property returned to the market for just

29 Bight Court, Mermaid Waters.

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The Gold Coast’s laid-back lifestyle is on full display in a luxury Mermaid Waters property situated on a double waterfront block within walking distance of Nobby Beach.

Located at 29 Bight Court, the two-storey, five-bedroom home comes complete with a swimming pool, private jetty and over 50m of water frontage, courtesy of its position on the corner of a canal.

29 Bight Court, Mermaid Waters.

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29 Bight Court, Mermaid Waters.

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Tammy and Fraser Kahler bought the block in 2019 after being drawn to its location and size.

“We just loved the position,” Ms Kahler said.