Category: Real Estate News

West Los Angeles is made up of several distinct neighborhoods, some of which include Century City, Brentwood, Westwood, Mar Vista, Sawtelle, Culver City and Palms. Each neighborhood offers a unique atmosphere and has something to offer potential residents. Century City is known for its proximity to major studios and the cosmopolitan shopping and dining experiences. It’s main points of interest include Westfield Century City Shopping Center, the Pitchess Detention Center Museum, The Hammer Museum and the Annenberg Space for Photography. It also has some of the area’s best restaurants such as Mr. C Beverly Hills Hotel & Restaurant and Canali Café & Market. Someone who wants to be close to entertainment venues with great shopping and dining options would want to live in Century City. Brentwood is a luxurious neighborhood that is popular for celebrities who want privacy in a suburban setting. Points of interest include the Getty Villa Museum,150

A new analysis from Construction Coverage highlights the U.S. cities and states where homebuyers are still securing the most favorable mortgage rates. Researchers ranked locations by the share of approved fixed-rate loans under 7% in 2024, using the latest data from the Home Mortgage Disclosure Act. Key Takeaways Sub-7% Mortgage Rates Are Common—But Not Guaranteed: Nationwide, roughly 65% of approved fixed-rate loans in 2024 had rates below 7%, but the likelihood of securing one varied significantly by location. Some States Help Buyers Beat the Rate Squeeze: In Alaska and North Dakota, more than 75% of approved home loans had rates under 7%—the highest shares in the country. Following closely were Iowa, Massachusetts, South Dakota, Colorado, and Connecticut, all with shares over 70%. Southern Markets See Least Favorable Rates: In Mississippi, just 43.1% of borrowers locked in rates below 7%, the lowest share of any state. Other Southern states like Louisiana150

Construction Coverage just released the 2024 edition of its American Cities With the Oldest Homebuyers report, looking at the real estate markets where buyers age 55 and older are most active. The aging of the Baby Boomer generation (those born between 1946 and 1964) has significantly increased the share of the U.S. population aged 55+ during the past decade: from 24.9% in 2010, to 30.2% in 2023. And a growing number of these Americans are opting to age in place or downsize—creating even more competition for younger buyers in an already challenging post-pandemic real estate market. While buyers over 55 account for 21.2% of all homebuyers nationally, the numbers vary widely by location. Using conventional residential mortgages originated in 2023, researchers calculated the percentage of homebuyers that are age 55 and older in nearly 400 U.S. metros and all 50 states, then ranked locations accordingly. Key Takeaways Financial advantages for150

Best Places in America   Alaska in the northwest and Hawaii expanding the country’s influence into the Pacific Ocean make up the 50 states that make up the United States, which spans a large portion of North America. New York, a hub of international finance and culture, and Washington, DC are significant cities on the Atlantic Coast. On the west coast, Los Angeles’ Hollywood district is renowned for film production, while the midwestern city of Chicago is renowned for its influence architecture. Some of Country’s Top Best Places It might be challenging to know where to begin when it comes to organizing a trip in the United States because there is so much to see in this enormous country. Visitors have a wide range of options in world-class cities, some of which are known for their history and others which are known for their fun or glitz. New York and150

  Media Contact: Chris Kelley, MPD Ventures PR Principal, for CONTI Capital chris@mpdventures.com or 214-457-5266 CONTI Capital Releases List of Top 10 Real Estate Investment Markets, Soaring Cost for First-Time Home Buyers, Rent Growth Moderating but Still Surpassing Historical Levels, and More – News and Expert Analysis from CONTI Capital   This month, CONTI Capital released its list of top 10 markets for multifamily real estate investment going into the second half of 2022. The Dallas/Fort Worth Metroplex tops the list, followed by other notable Sun Belt metros. And while rent growth is moderating throughout the country, CONTI shows that rent growth is still outperforming historical levels, with particular strength being seen in the Sun Belt region among Class A apartments. This trend is evident as costs soar for first time home buyers.   Here is a look at some of the latest in-depth analysis from CONTI Capital:   CONTI150

Kim Särs to head Trevian’s new residential real estate business Trevian Asset Management Oy is expanding its business to residential real estate. Kim Särs, LL.M., has been appointed Director of the business area to be established, and a member of the management team: “We are currently looking for projects that are seeking funding.” Prior to joining Trevian on June 1, 2020, Kim Särs has worked at LocalTapiola Group for 14 years. Since 2014, he has served as CEO of alternative funds and before that as Real Estate Fund Director. The maximum value of the managed assets was EUR 1.8 billion. “For me, building is part of development of society, and it needs to be diverse in terms of services. The development of meeting places, especially for young people, is not only important, but also a prerequisite for the development of creativity. There are a lot of one person households today,150

Recent trend of purchasing side-by-side residences to create the feeling of an estate home but with amazing ocean views and an amenity-rich lifestyle Turnberry Associates, one of America’s premier real estate development and property management companies, announced today that its luxury residential development Turnberry Ocean Club Residences is already half sold — even though the building is now just going vertical. The strong sales in advance of verticality underscore the appeal of the luxury and amenity-rich offering that Turnberry Associates has brought to the market. One distinguishing trend is buyers purchasing multiple residences to create family estates in the sky. With unparalleled amenities like a sky club, spa, kids club and more, Turnberry Ocean Club offers something for the entire family. The project is anticipated to be completed next year, near the end of 2019. “We are thrilled to be 50% sold at this point in our development. It’s quite150

Illinois home prices climb higher in November; sales shift lower Home prices Climb Higher In Illinois. Total existing-home sales , completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.9 percent from October to a seasonally adjusted rate of 5.32 million in November. Sales are now down 7.0 percent from a year ago (5.72 million in November 2017).