Tag: Housing

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Ageing Housing Inventory Fuels Residence-Enchancment Growth

Lowe’s says same-store gross sales rose 5% in 4Q 2021, partly as a result of the housing inventory is growing old and extra annoyed patrons are choosing 30-plus year-old houses.

NEW YORK – The house enchancment increase reveals few indicators of slowing down. Lowe’s instructed shareholders Wednesday its same-store gross sales had been up 5% within the fourth quarter. The corporate additionally raised its gross sales forecast for the 12 months to $99 billion. That was after Residence Depot reported an 8% improve in same-store gross sales the day earlier than.

One large motive for the expansion: a housing inventory

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Amid housing scarcity, Tucson brothers construct properties in pockets round city | Subscriber





Erick Quintero, left, and Jose Quintero of Sundown West Building, are growing empty heaps in residential areas with eight, 5, three and even only one dwelling.




Whereas nationwide homebuilders search massive chunks of land to construct a whole lot of properties on this sizzling housing market, two Tucson brothers are taking a smaller method.

Erick and Jose Quintero are growing empty heaps in residential areas round city with eight, 5, three and even only one home.

Since beginning their enterprise, Sundown West Building, in 2016, the brothers have constructed greater than 50 properties within

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Actual property agent helps patrons in scorching housing market

Rising home costs and fewer selections are discouraging many patrons. Winter Savage goes above and past to assist folks discover the right house.

VIRGINIA BEACH, Va. — David Chief mentioned he used to journey rather a lot for work.

“It made sense on the time to be renting,” he mentioned.

However when Chief’s profession modified, he mentioned the concept of “house” modified.

“[Renting didn’t] make sense anymore,” mentioned Chief. “Time to get my very own home and actually simply be comfy and have my basis arrange.”

Chief not too long ago closed on his Norfolk townhome, regardless of an aggressive

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RI housing market tormented by a ‘essential scarcity’ of properties in December

Rhode Island’s crazed housing market is not letting up.

In keeping with the Rhode Island Affiliation of Realtors, on the finish of December, there was lower than a one-month provide of properties, signaling an enormous imbalance between provide and demand. A six-month provide is usually an indication of a wholesome market.

The affiliation reported that final month there have been solely 958 listings in the marketplace, the median value of a single-family house totaling $375,000, greater than 15% greater than the yr earlier than.

The affiliation’s stock warmth map defines practically each zip code within the state as a vendor’s

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Meet the 26-year previous actual property agent incomes $7m a yr amid report housing growth

A 26-year-old in Western Sydney pocketed a cool $7m final yr amid an explosive change in the true property market and he’s revealed why he’ll make much more this yr.

A 26-year-old actual property agent in Western Sydney has pocketed a cool $7m in gross sales fee over the past yr as property costs boomed on the quickest fee in three many years.

Ray White Quakers Hill principal Josh Tesolin achieved this feat after promoting a whopping 350 properties final yr, which meant he offered near a property a day over the yr.

This was a report variety of transactions

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Tampa housing market heats up, with million-dollar properties re-listed for almost double

Florida’s Tampa Bay space is predicted to be the most well liked housing market within the coming yr.

That is in keeping with the home-buying web site Zillow.

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An instance: A house alongside Tampa’s iconic Bayshore Boulevard was just lately bought, website unseen, for $3.8 million and inside an hour of the ink drying on the paperwork, it was re-listed for greater than double the worth, in keeping with FOX 13 of Tampa.

South Florida resident Matt Barnes made that transfer.

The Tampa, Florida, skyline seen

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