Wednesday, 01 April, 2020

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Tag: Real Estate News


The National Association of Home Builders has petitioned to designate home construction as an “essential infrastructure business” during the coronavirus pandemic. The NAHB and more than 90 companies called on the Department of Homeland Security (DHS) to exempt the housing construction business from “stay-at-home” orders and allow the construction of single-family and multifamily housing to continue operations during the outbreak. Read more…


Horticulturalist Jamie Durie has mastered the art of the backyard in his HGTV show “The Outdoor Room,” cultivating knockout spaces for celebrities. The landscape designer’s Hollywood Hills hideaway recently came up for sale and, after four price cuts, sold for $2.222 million. That’s about $770,000 shy of his original asking price, records show. It’s no surprise that the home’s outdoor Read more…


The housing market is set to remain a bright spot in the face of a possible recession caused by the COVID-19 pandemic, according to Redfin. Because the housing market was strong going into the 2020 recession, there’s currently no reason to expect a major crash in home prices, Redfin notes. As Redfin states, the driving factors for this 2020 recession Read more…


A report by Up For Growth looks at how the recently-signed $2.2 trillion CARES Act will impact the housing market.  The report said the bill provides billions of money directed toward housing programs.  Among the funds receiving money, the Community Development Fund was given $5 billion, rental-assistance programs were given $1 billion, $50 million was set aside for housing for Read more…


With the NBA season suspended, Milwaukee Bucks co-owner Marc Lasry found time to close a deal in Los Feliz, buying the home of Grammy-winning producer Mark Ronson for $4.776 million. The Mediterranean Revival-style spot, built in 1935, has lots of character. Tucked behind gates, it’s surrounded by grassy yards, tropical landscaping and a handful of romantic outdoor lounges. Inside, original Read more…


It’s long been known that being sedentary is linked to chronic disease; with many around the world working from home and gyms temporarily closed, it’s easy for even those who previously led a very active lifestyle to slide into one much less so. Here are five ways to keep moving and stay fit, right from the comfort of your own Read more…


A major chunk of the annual income of renters out of work during the coronavirus outbreak would go to housing costs, and more than half of them have already had to make sacrifices to afford rent.   If unable to work for two months, Zillow estimated that American renters working in the food and retail industries would be spending approximately Read more…


With the coronavirus continuing to reshape the face of the country and the economy, the biggest players in the mortgage business are moving to make it easier to lend under these extraordinary circumstances. Last week, Fannie Mae and Freddie Mac relaxed their standards for both property appraisals and verification of employment on the loans they buy. And late last week, Read more…


The Senate recently passed a $2 trillion federal rescue package that was signed into law by President Donald Trump Friday evening. The largest-ever stimulus bill in U.S. history includes $250 billion in direct checks to Americans and boosts unemployment benefits to help people pay their bills, including mortgages, while the nation struggles with the COVID-19 pandemic. The legislation also includes Read more…


In response to the COVID-19 pandemic, FEMA is extending the grace period for National Flood Insurance Program (NFIP) renewals. For customers who may be experiencing financial hardships, the agency is extending the grace period to from 30 to 120 days. This extension applies to NFIP flood insurance policies with an expiration date between February 13-June 15, 2020. To avoid a Read more…


In response to the COVID-19 pandemic, FEMA is extending the grace period for National Flood Insurance Program (NFIP) renewals. For customers who may be experiencing financial hardships, the agency is extending the grace period to from 30 to 120 days. This extension applies to NFIP flood insurance policies with an expiration date between February 13-June 15, 2020. To avoid a Read more…


Shemar Moore of “Criminal Minds” fame is on the hunt for a buyer in Encino, where his home of more than a decade has come on the market at $2.596 million. Earlier this year, Moore used the same trust that holds the Encino property to buy a newly built, 9,055-square-foot spec house in Sherman Oaks for $5.8 million, public records Read more…


Baseball Hall of Famer Joe Torre, who has spent six decades in Major League Baseball as a player, manager and executive, has taken a loss in New York. Records show Torre has sold a charming lake house in the town of Carmel for $983,000 — or $117,000 shy of what he paid for it more than a decade ago. Torre Read more…


Showcasing the height of new luxury construction in some of the world’s most sought after locations, let’s explore an exclusive new development from our worldwide network. Naples, Florida | Melissa Williams, Daniel Guenther, & Sam Heitman, Premier Sotheby’s International Realty  The Estuary at Grey Oaks is a 350-acre private golf course community in the heart of Naples. With only 179 homesites, Read more…


A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S. Pending home sales, which measure signed contracts on existing homes, rose a stronger-than-expected 2.4% in February compared with January. Sales were up a steep 9.4% annually, according Read more…