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Home Sweet Residence And an Energetic Lifestyle After Retirement

Home Sweet Residence And an Energetic Lifestyle After RetirementLearn the most recent news about residential and industrial actual estate within the Seattle space and Pacific Northwest in appartementdeville.com

Real Estate

Florida real estate inventory surges, sellers slash prices

Real estate inventory in parts of Florida is surging to uncomfortable levels — and sellers are beginning to slash prices, according to a report.

On the west coast of Florida, the number of houses up for sale and the rate at which their current owners are cutting asking prices is soaring, according to a report from real estate company Redfin released Thursday.

Redfin found that in the western parts of the state, whose coastline is on the Gulf of Mexico, inventory in Cape Coral and North Port has jumped the most, about 50% year-over-year as of March — more than any other US metro.

Trendy North Port-Sarasota saw homes for sale rise 48%, while the figure in upscale West Palm Beach, known to be home to wealthy snowbirds during the Northeast’s cold winters, rose a more modest 20%.

On Florida’s western coast, the number of houses up for sale and
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Real Estate

Commercial real estate foreclosures jumped 117% in March as trouble looms

The commercial real estate market is starting to buckle under the weight of higher interest rates and remote work. 

There were 625 commercial real estate foreclosures in March, up 6% from February and 117% from the same time last year, according to a new report published by real estate data provider ATTOM. 

The figure is calculated based on commercial properties with at least one foreclosure filing — including default notices, scheduled auctions and bank repossessions — entered into the ATTOM Data Warehouse during the month.

California had the highest number of commercial foreclosures in March, with 187 properties. While that marked an 8% decrease from the previous month, it is a stunning 405% jump from the previous year. 

INTEREST RATE CUT ODDS DWINDLE AS INFLATION PROGRESS STALLS

“California

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Real Estate

$93 Billion Real Estate Giant Is Betting The Market Is About To Hit Rock Bottom

$93 Billion Real Estate Giant Is Betting The Market Is About To Hit Rock Bottom

Successful real estate investors have long followed the adage: When there is blood in the street, buy property.

Historically, this approach has yielded dividends, and it explains the mindset behind a new venture from Hines, a real estate giant with over $93 billion in assets under management. Hines recently announced a new platform called Hines Private Wealth Solutions that seeks to capitalize on the recent troubles in the real estate industry.

The management at Hines has been carefully watching the real estate industry for decades, and they believe that today’s market presents the perfect opportunity for investors to buy distressed assets and sell them at a profit in the future. When you consider that nearly $4 trillion in commercial real estate loans are set to mature between now and 2027, it’s easy to see the

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Real Estate

Sick of Your Blue State? These Real Estate Agents Have Just the Place for You.

Jen Hubbell ​b​ecame a real estate agent ​in Greenville, S.C., because she ​b​elieved a good life started with a good home, and now her phone​ buzzed regularly w​ith ​calls from out-of-state clients who believed they could find ​b​oth things in ​her city.

​M​any were staunch conservatives ​f​rom deeply blue states like New York, Washington and California, fed up with the​ politics there.​ Could Ms. Hubbell, a conservative herself, help them​ find neighborhoods of like-minded people?

Her response was always emphatic: “You are going to love it here.”

Ms. Hubbell is the lead agent in South Carolina for Conservative Move, a Texas-based company that helps conservatives migrate to solidly red places. (“When your community no longer reflects morals and values, it might be time to move,” its website says.) And ​with South Carolina surpassing Florida last year as the fastest-growing state in the country, she is keeping very busy.

The

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Real Estate

Home buyers’ alert: Terms you may not know, but should

Foch says that, for real estate investors in Canada, it’s much better to look beyond the nice round number of a house price and look at what your return on investment can look like from an income perspective. “You can think about a property in terms of price, but you can also think about it in terms of price to income and that’s what a cap rate or a gross rent multiplier would do,” he says. (An investment property’s cap, or capitalization, rate is the net operating income it produces divided by the property’s value.) This way, you can use a more representative inclusive metric when you are trying to select a property to purchase. 

How does an assignment sale work?

An “assignment sale” is when an initial buyer signs a contract that allows the first buyer to sell the property prior to the closing date. This is uncommon in

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