Industry News

Today’s real estate news from RE-Insider, the California-based real estate news service for Realtors, brokers, investment companies and first time home buyers.

Millennials are hungry for homes, but high rates are keeping them from buying

AUSTIN — U.S. existing home sales have reached their lowest levels in nearly 30 years, despite a surge of millennials entering their prime homebuying years, and activity likely won’t bounce back until interest rates start coming down.“I thought by this time the housing market would be recovering. It has not yet recovered. Home sales are

By |2024-06-22T06:53:27-07:00June 22nd, 2024|Industry News|

What Is a Flip Tax, and Who Has to Pay It?

Flip taxes, also known as a transfer fees, help co-op buildings raise money for repairs and improvements, and they must be described in your governing documents.Q: A month before I sold my Upper Manhattan co-op, I discovered that I would have to pay a flip tax of 2 percent of the sale price at the

By |2024-06-22T06:53:48-07:00June 22nd, 2024|Industry News|

What to Do When a Tenant Violates the Lease: A Landlord’s Guide

In This Article Key Takeaways Lease violations vary in severity, requiring tailored responses from landlords to maintain fairness and property integrity.A structured, documented approach to addressing violations protects landlords legally and financially.Proactive measures like thorough screening and clear communication significantly reduce the risk of lease violations. A lease is a binding legal contract that includes

By |2024-06-22T06:52:52-07:00June 21st, 2024|Industry News|

New York City’s Real Estate Brokerages Could to Be Destroyed By a New Law

In This Article Key Takeaways Amid a historic affordability crisis, new legislation in New York City might force landlords to pay the hefty broker's fees that tenants have traditionally paid to real estate companies. If passed, the bill would effectively destroy the brokerage industry in NYC, as landlords would opt to avoid finder fee's by showing

By |2024-06-22T06:52:54-07:00June 21st, 2024|Industry News|

How to Spot a Fake Guru: 6 Signs It Could Be a Scam

In This Article Key Takeaways Real estate gurus often charge high fees for advice about real estate investing.These course may range from several hundred to thousands of dollars. Some might offer value, but others could be a rip-off.If they promise get rich quick or no-risk strategies, these could be major red flags. Guru programs are

By |2024-06-21T06:53:31-07:00June 21st, 2024|Industry News|

$1.5 Million Homes in Prague

A three-bedroom loft in an revamped factory, a two-bedroom apartment in a 16th-century house, and a detached villa in a leafy residential area.Vanguard PragueVanguard PragueVanguard PragueVanguard PragueVanguard PragueVanguard PragueVanguard PragueVanguard PragueVanguard PragueVanguard PragueVanguard PragueModrany | $1.5 million (34.6 million Czech koruna)A three-bedroom loft with designated children’s areas in a reimagined aircraft parts factory from 1925This

By |2024-06-21T06:54:23-07:00June 21st, 2024|Industry News|
Go to Top