Your wild home-buying, selling stories: These 17 help paint the picture
We’ve all heard about it by now: Houses are selling like crazy (and they have been for quite some time now), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.
You paid HOW much over asking? Tell us your wild housing market stories here
We’ve all heard about it by now: Houses are selling like crazy (and they have been for quite some time), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.
Bing Crosby’s former estate with 'secret room' hits the market for $13.75 million — take a look inside
The Northern California home that movie star Bing Crosby once lived in hits the market for $13.75 millionThe 3 acre Northern California estate where "White Christmas" crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Living room Dennis Mayer | OMARSHALL Real EstateOne of the walls in the ballroom has a secret door that blends in into the wood paneling. Dennis Mayer | OMARSHALL Real Estate"Visitors are surprised to find such a secret alcove where one can enjoy scotch in private," Oliva said. Dining room Dennis Mayer | OMARSHALL Real EstateSteps away is the home's formal dining room, which opens to a terrace and lawn. Bathroom Dennis Mayer / OMARSHALL Real EstateIt has two full bathrooms, a walk-in closet and windows that overlook the gardens.cnbc.com
A look at Metro Detroit’s hot real estate market
Real estate agents claim offers come flooding in within hours of a new listing. While sellers are reaping the rewards, buyers are having a hard time to get their foot in the door. RELATED: Metro Detroit real estate market: Buyers beware in spring-summer 2021For those house hunting, they already know the struggle. Dan Elsea, with Real Estate One, said it’s the best time to sell a home in Michigan in nearly 40 years. More: Real Estate news
Metro Detroit real estate market: Buyers beware in spring-summer 2021
Real estate during the pandemic has been a challenge in itself, but now there’s a new challenge: Inventory lows are now down to a one-month supply. You also have had existing homeowners that have taken advantage of the low interest rates and have refinanced,” said Schneider. Macomb County homes are selling the quickest, selling in less than a month on average. “It’s been a bit of a tightrope act, you know, as far as do you buy first and then put your house on the market? In this market, you can probably get away with that as a buyer-seller a little bit easier -- go find what you like, put your offer on that.
Traverse City waterfront home has jaw-dropping views with decks galore, heated floors, putting green, $2.19M
This move-in-ready house, located at 7784 East Shore Road in Traverse City, is MLive’s House of the Week. (Photo by The Rad Nomad via Amber Cyman/Real Estate One)“You would never want to leave this house. (Photo by The Rad Nomad via Amber Cyman/Real Estate One)Other features include heated floors throughout the home and redwood siding from Oregon. (Photo by The Rad Nomad via Amber Cyman/Real Estate One)There’s also an in-law’s suite the owner has rented out for $2,000 a month. (Photo by The Rad Nomad via Amber Cyman/Real Estate One)Outside, there’s a putting green and mooring for a yacht up to 80 feet.mlive.com
Coronavirus pandemic fuels affordability crisis for homebuyers
Fierce competition for a limited supply of homes for sale has caused a surge in prices. Now, potential buyers, some fleeing urban areas hit hard by the coronavirus pandemic, are facing a national affordability crisis. Home prices are rising faster than incomes there, but for now at least, homes are still affordable. As homebuying becomes less affordable, buyers are getting by with a little help from friends and family. About 59% of millennial homebuyers are receiving help with their mortgage down payment according to a recent report from Lending Tree.cnbc.com
Two women-owned businesses set to open in Eastern Market
Two new women-owned businesses will soon open in the heart of Eastern Market. The studio is currently open from Monday to Wednesday, 11 a.m. to 6 p.m., with hours to soon expand. Roland told Crains that there will be six private offices with rates still to be determined. Several businesses have closed in buildings since his purchases, including Russell Street Deli, and many have worried that he would find new tenants that didnt fit the character of Eastern Market. But the last few businesses to open in his buildings have all been locally-owned, including Joses Tacos and Discount Candles.detroit.curbed.com
Eastern Market could become historic district, blocking potential demolitions
Less than a week after developer Sanford Nelson announced the demolition of an Eastern Market building, Crains Detroit Business reports that the citys Historic Designation Advisory Board is in the process of designating the area as an interim local historic district. Its the first step in what could lead to permanent historic district status, making it more difficult to demolish buildings. At the request of Councilmember James Tate, the advisory board proposed the resolution to Detroit City Council. In order to demolish a building in a historic district, an owner must complete a project review and structural assessment, then go before the Historic District Commission to get approval. Related Recapping all the news and closures in Eastern Market so fardetroit.curbed.com