Real Estate Blog
Here’s the salary you need to afford a home in Missouri
Owning a home in Missouri is well within reach of the typical worker, according to a recent report from CNN Money.
Residents in Missouri need an annual income of $44,283 to afford a home, the report said. This is good news considering that the median income in Missouri is $55,016, according to the report. The median home price in Missouri right now is $189,900.
In Illinois, owning a home is harder than in Missouri. Residents in Illinois need an annual income of $64,573 to afford a home. That’s…
Inventory surge delivers ‘reality check’ to some Seattle-area home sellers
Some sellers are even dropping their asking prices as buyers appear less aggressive.
Study says Triad cities among best place in NC to raise a family
A new ranking of the best U.S. cities for raising a family ranks two Triad cities in the top 40.
Greensboro ranked No. 18 in the nation, and Winston-Salem was No. 36, according to the real estate website Zumper.
For the study, Zumper looked first at the 100 largest cities in the nation by population – those it also compares each month in its rent reports – and then whittled that list down to 95 cities after omitting places with overlapping or incomplete data. The report measured each city…
Zillow acquires fast-growing mortgage lender
Mortgage Lenders of America LLC reached an agreement to be acquired by Zillow Group Inc.
Seattle-based Zillow (Nasdaq: Z) is one of the largest real estate brands, recording $1.07 billion in revenue in 2017. Founded in 2000, the Overland Park-based home loan provider grew to $54.07 million in revenue in 2017. Financial terms of the deal were not disclosed.
Mortgage Lenders of America will continue to participate in Zillow's mortgage marketplace. Philip Kneibert, president of Mortgage Lenders of…
Why history matters: Understanding CRE market trends and predicting the future
I have worked in the construction, development, land and real estate business for over 40 years. In that time, the commercial real estate business has witnessed the highs and lows of the economy and had a front row seat to growth, trends and market challenges that we have confronted. One must not look far to understand that the economic lows, while they are a challenge, that often result in vibrant recovery as well.
Our organization was founded in 1935 during the middle of America’s Great Depression…
5 things to look for when selecting a CRE company for your project
Trends and ups and downs are long part of the land and development business. This industry requires sound investment, patience and guidance from folks who have been there before and best understand your own business objectives.
Our own industry leaders must pay attention to the overall economy, stock market volatility, interest rates and investment in the overall real estate market. This view should be combined with development trends in sectors such as retail, home building, commercial and industrial.…
Breaking down the differences between commercial leases
Locating the perfect commercial space to house your business can be exciting. You begin envisioning the business living and growing in your new space. But before you can start moving in, you need to agree and sign a commercial lease.
Leases can be tricky, confusing and overwhelming. With help from research tools from 42 Floors, we’ve outlined several different types of commercial leases. The three most common are net lease, absolute triple net lease, and modified gross lease. Each comes with…
Downtown Phoenix skyline changing thanks to apartments, jobs
The downtown Phoenix region is changing rapidly, thanks in large part to thousands of new apartments being built as well as scores of new tech jobs landing in the area.
The downtown area is receiving a boost from 2,000 apartments that have been finished during the past two years and will get another 3,000 during the next few years, according to a story from Azfamily.com.
Building high-rise apartments started prior to the Great Recession, with towers such as 44 Monroe on the northeast corner of…
Photos: Beyoncé’s early childhood home in Houston up for sale
A childhood home of singer Beyoncé Knowles is currently up for sale in Houston.
Located near the Texas Medical Center, 2414 Rosedale St. is listed for $500,000 by Realtor Brad Upshaw, head of The Upshaw Group and an agent for Keller Williams, according to the home’s profile on HAR.com. The nearly 3,000-square-foot residence has three bedrooms and three bathrooms.
Upshaw confirmed that the residence was at least one home occupied by the Knowles family during their time in Houston. According to…
Denver housing market showing signs of cooling, report says
DENVER — The red-hot housing market in the Denver metro area is showing signs of cooling, according to the August Denver Metro Real Estate Market Trends Report.
The report released Friday shows both average and median prices have dropped from June, and buyer activity has slowed amid higher inventory, which the report assesses may be attributed to the historic increases in Denver home prices.
The median price for a home in metro Denver in July was $417,500, a 0.60 percent decrease from the previous month.
“Can a cooling market be considered positive? To most sellers, no, but honestly, they have experienced unprecedented equity growth over the past several years. It’s time to share the love and keep home buying an option in the Denver Metro area,” said Denver REALTOR Chairman Steve Danyliw in a press release.
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