Hong Kong Residential Sales Slowing in 2023 from Economic Uncertainty

Slowdown forcing Hong Kong developers to reduce prices or delay projects According to JLL’s latest Hong Kong Residential Market Monitor released this week, amongst Hong Kong projects completed in the first half of 2023, only 55% of units were sold as of the end of June 2023, lower than the average sell-through rate of 78%…

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Zombie Properties Increase in U.S. as Foreclosure Activity Grows in 2023

Based on ATTOM’s newly released third-quarter 2023 Vacant Property and Zombie Foreclosure Report, 1.3 million (1,277,612) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 79 homes, across the nation – the same as in the second quarter of this year. The report also reveals that 315,425 residential…

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How Big Is an Acre? A Guide for Homebuyers

You’ve been searching online and found a few homes that meet your criteria of three bedrooms and two bathrooms. But as you read the listing descriptions that indicate one house is on 0.23 acres and another has a lot size of 8,730 square feet, you’re baffled by what these numbers actually represent. Your digital assistant…

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How to Sell a House By Owner in North Carolina

When the time comes to move, some tenacious homeowners in North Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. With millions of homes sold each year, a modest portion of sellers — about 7% in 2021 and 10% in 2022 —…

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What’s the Average New York Real Estate Commission Rate?

Most real estate agents in New York get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home…

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Q1 2023 – State of the Market Mega-Thread – Revenge of the Doomers!

Observations, rants, theories, speculation on future market movement, experiences, offer heartbreak, buyer fatigue, seller drama, mortgage drama, appraisal drama, anecdotes, new construction builder shenanigans, rate predictions, frustration with seller listing price strategy, crystal balls, and so on, that you may not feel warrant their own threads, but you want to get it off your chest.…

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Selling my house where my neighbor wants “dibs”

I have a small house (around ~$100k value) that I’ll be selling shortly. My neighbor has asked me on numerous occasions to let him know if I will be selling because he wants to buy it for his daughter, etc. (Unrelated, but said neighbor has also helped out a lot by doing things like mowing…

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