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Lynn housing market drops: first since 2017 – Itemlive – Daily Item

You have 4 free articles left this month. 2022 also brought about a decrease in Lynn home sales, with 58 homes sold in December 22 — 19 fewer than the 77 sold in December 2021. North Shore Community College Economics Professor Moonsu Han said that the drop in housing prices stem from inflation costs, which […]

Single-Family Starts Edge Higher as Multifamily Production Weakens

Single-family housing starts posted a double-digit percentage gain in December, but production is running well below a rate of 1 million units annually, indicating ongoing weakness in the housing market as high construction costs and elevated interest rates continue to present affordability challenges. Led by a decline in multifamily production, overall housing starts decreased 1.4% […]

Remodeling Market Sentiment Weakened in Fourth Quarter but Remains Positive

The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 66, declining 17 points compared to the fourth quarter of 2021. “Remodelers on balance remain positive about the market, but we saw how inflation took a toll on consumer budgets, causing many […]

Starwood, KKR Retail Real Estate Funds Limit Investor Withdrawals – Barron’s

Investors increasingly want out of nontraded real estate funds–and the operators of those funds, including KKR and Starwood, are putting up gates to limit redemptions. Starwood Real Estate Income Trust and KKR Real Estate Select Trust disclosed in filings Wednesday that they have curbed redemptions after elevated investor withdrawal requests.

Lawmaker wants ‘hostile’ nations barred from buying land in Texas – Caller Times

AUSTIN — The governments, citizens and businesses of Russia, China and two other nations would be prohibited from buying real estate in Texas under legislation awaiting action by the state Senate that warns that such purchases might be harmful to national and state interests. The measure, Senate Bill 147 by Brenham Republican Lois Kolkhorst, piggybacks on […]

KKR real estate fund curbs redemptions in echo of Blackstone move – Financial Times

KKR has become the latest investment manager to limit withdrawals from a property fund, following rival Blackstone Group in imposing curbs after a surge in redemption requests from clients. The $1.6bn KKR Real Estate Select Trust fund disclosed in a filing that it fulfilled just 62 per cent of investors’ requests for the quarter ended […]

Homes for Sale in New Jersey and New York – The New York Times

Monmouth | 602 Myrtle Avenue, Ocean Township, N.J. Tudor-Style Three-Bedroom $1.625 million A three-bedroom, two-and-a-half-bath, expanded 1948 Tudor-style house with a great room that has a floor-to-ceiling stone fireplace; a large primary bedroom suite with 14-foot ceilings and a new spa-style bathroom; an open kitchen connected to a den area; a screened porch, and an […]

ChatGPT inspires Miami real estate agents to adopt AI tools – Axios

Is this the future of real estate? Photo: Gabby Jones/Bloomberg via Getty Images What happens when you take the “real” out of real estate? Driving the news: Real estate agents in Miami and across the country are experimenting with how the new artificial intelligence tool ChatGPT can be used to write house listings, communicate with […]

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