Category: Rent Out Property

TUCSON, Ariz. (13 News) – Is Tucson turning into a luxury housing market?

New data shows homes priced at a million dollars and upsell lower-priced homes.

In fact, Tucson’s luxury market is outperforming Phoenix.

13 News toured the most expensive property for sale in Tucson.

It’s called Campbell Cliffs and it’s priced at $12.95 million dollars. It’s made of concrete and steel and sits on 10 acres in the Catalina Foothills.

“It took two and a half years to design the house, seven and a half to build it,” said Russell Long with Long Realty in Tucson. “It is clearly

The Ottawa Real Estate Board (OREB) says the capital’s real estate market thawed in January, but the market is still relatively quiet.

Newly released statistics show 629 homes were sold in January, which is in increase of 16.5 per cent from January 2023. OREB notes that home sales were 10.7 per cent below the five-year average and 3.9 per cent below the 10-year average for the month of January.

“Ottawa’s market activity is seeing positive gains over last year but it’s still a relatively quiet market even by pre-pandemic standards,” Curtis Fillier, OREB president, said in a statement.

Fillier says

• 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