Real Estate Blog
‘Such a monumental day’ | New veterans outreach center and tiny homes open in north St. Louis
It takes a village to create one. The Veterans Community Project are veterans helping their own.
On Wednesday, the organization held a ribbon cutting for its first phase of its St. Louis campus, which will hold an outreach center open to all veterans and a planned tiny home community for homeless veterans.
It's found a home in north St. Louis on a nearly 4-acre property in the heart of the Jeff-Vander-Lou neighborhood. The first phase unveiled 20 tiny homes with 10 being family units.
The day…
Where things stand for the Mission Gateway project
Mayor Sollie Flora says that although “obviously, there's a lot of frustration,” the fate of the site is out of the city's hand. Property owner Aryeh Realty faces a foreclosure suit from its lender and a claim of unpaid property taxes.
Mahomes’ former Kansas City house finds a buyer
Patrick Mahomes listed one of his Kansas City-area homes for sale in June. The property quickly found a buyer — a local media executive and private equity investor.
Downtown KCK is ready for a rebirth, starting with a $70M ‘game-changer’
Two KCK projects promise to create greater density, deliver more services and create brighter prospects for the city's downtown. Could a new community center and a plan to replace the convention center with apartments be the start of a rebirth for KCK?
Buyers demand more concessions, but Denver housing prices hold steady
Although the Denver metro’s median close price held steady at $585,000 in October, the close-price-to-list-price ratio dropped slightly to 98.9% as more homebuyers demanded concessions from sellers.
According to the monthly report from the Denver Metro Association of Realtors, in October, 57.9% percent of closed transactions included an average seller concession of $9,390.
That’s up from September, which recorded 56.4% of closings with an average seller concession of $9,214. In October 2022, 50.7% of closed transactions required sellers to pay an average concession of $7,553.
With interest rates hovering above 8%, most buyers used those concessions to buy down their interest rates or cover closing costs.
“Concessions — no matter what market one is in — seem to be the name of the game. I recently closed on several properties at the $1.3 million price point,” said Andrew Abrams with Abrams Momentum Group, who’s also a DMAR Market Trends Committee member. “One of the properties had $7..
Downtown Baltimore will get facelift under new improvement program, mayor says
The new “Downtown RISE” program aims to freshen up and jumpstart the center of the city in the coming year.
Katy Boardwalk District’s office condo complex starts construction
Pelican Ridge Investments has broken ground on Katy Offices at the Boardwalk, an office condominium complex consisting of 14 buildings on 7 acres within the 80-acre mixed-use Katy Boardwalk District. Click through to the story for more details about the project so far.
Charles Clark takes helm of ACRE training program
Charles Clark has ground rules for the housing sales he organizes as a Realtor in Milwaukee.
Done Deals: Northeast Philadelphia warehouse sells for $12M; Tactix adds Liberty Property Trust alum
Recent real estate deals in the Philadelphia area include the sales of a 102,660-square-foot shopping center, a 57,800-square-foot industrial building and a property housing a CVS Pharmacy.
Failure to start: Amid high interest rates, rising costs, region’s homebuilders look for ways to land first-time buyers
When most families picture their starter home, they see a modestly priced two- or three-bedroom and a small yard with the classic white picket fence. It’s a picture that’s increasingly harder to see. Tri-State homebuilders are grappling with the increased costs for construction – spanning from the land to the materials to finding the right labor in a post-pandemic workforce.