Real Estate Blog

Construction in Tempe may still not be enough to keep up with demand.

Bellaire in Houston is the wealthiest suburb in Texas.

New York City-based financial news company 24/7 Wall St. LLC cracked the numbers from the U.S. Census Bureau’s American Community Survey to find the richest towns with populations between 1,000 and 25,000 in all 50 U.S. states based on median household income. Bellaire took the honors for Texas with a median household income of $187,805 — a whopping 243 percent more than the state’s median household income of $54,727.

Other interesting…

For hundreds of Denver homeowners involved in the regulatory mess that has ensnared the city’s affordable home ownership program, this month marks the beginning of a period of relative calm.

As of last week, 223 of 301 households flagged earlier this year for failing to complying with rules that manage who can own income-restricted housing and how they use it have agreed to participate in a voluntary resolution program with the city, officials say. Signing up means those homeowners do not have to worry about potential legal action against them until at least Jan. 1.

The deadline to sign up for the program was Thursday. But city officials say the door is still open for the 78 homeowners who haven’t agreed to participate yet.

“At this point, we are going to accept enrollments on a day-to-day basis,” Eric Hiraga, executive director of the Denver Office of Economic Development, said. “Right now we really want to focus our resources and our staff of seven on the compliance team on enroll..

Though inventory has decreased in the last few years, sales for condos in downtown Milwaukee have increased, according to the Greater Milwaukee Association of Realtors.

A total of 352 downtown Milwaukee condos were sold in 2017, the most since 2007 when 372 units sold. The average closing price for condos in 2017 was $337,795, or 0.7 percent less than the average price of $340,161 in 2016.

For those able to afford a more expensive condo, GMAR showcased three million-dollar units as part of its…

Construction crews completed a nearly 20-hour concrete foundation pour Saturday for the new BMO Tower in downtown Milwaukee, a key milestone in the building of the 25-story office tower at North Water and East Wells streets. Check out the attached slideshow to get an exclusive look behind the fences that blocked most of the work from public view.

During the long endeavor, about 670 concrete trucks arrived at the construction site at three-minute intervals after waiting in a long line on East Wells…

Twenty-five years ago, the high-tech tool utilized in real estate transactions was the fax machine.

How times have changed.

The process of buying and selling homes is now immersed in technology — from website listings and real-time texts and video chats to 3-D virtual reality tours and electronic signatures — which raises this question: Why hire a real estate agent or broker at all?

In 2017, 13 percent of buyers and 8 percent of sellers didn’t use a real estate agent when purchasing or selling their homes, according to the National Association of Realtors. That’s up from 11 percent for buyers five years ago, but down from 9 percent of sellers. The numbers, however, don’t tell the whole story. New services that provide flat-fee or a la carte brokerage services are on the rise.

A big motivating factor for those going without agents or with limited-service brokers is not wanting to pay a hefty fee or contribute to a 6 percent commission that can add up to tens of thousands of dollars…

The new building, a 252,272-square-foot facility, is expected to be completed this fall.

With property values soaring in many areas, a small but growing number of homebuyers are trying something different: asking an outside investor put down money alongside them.

Seattle remodeling applications are surging, leaving skilled labor in short supply.

The sale of a Hawaii estate on Kailua beach this week for $18.8 million points to a hot luxury market in Windward Oahu, where inventory of ultra high-end properties is shrinking.

The sale, which closed on Wednesday, was highest price for a resale on the Oahu Multiple Listing Service in more than two years and the highest price for a home in Windward Oahu nearly 10 years. It also tops the most recent high-end sale on Oahu, a home on Royal Place near Diamond Head that sold last month for $17 million.

“There…