realestatenews

Oil States Sees Slumping Housing Markets

With low gasoline prices, come slumping housing markets. This is what happened to communities in the central United States that were recently affected by the shale-oil fracking boom in the area, The Columbus Dispatch reports.

Newly Listed Commercial Property Company Buys Sites in Leeds and Beverley

A newly listed regional commercial property, Regional REIT, has started to build their portfolio with their acquisition of properties amounting to £37.5m including properties in Yorkshire, Yorkshire Post reports.

Property Near Midway Airport Finds A Buyer

A 3-acre property near Midway airport becomes First Western Properties Inc.'s second development near the airport sold by the company in the last three months, DNA Info reports.

Old U2 Studio In Windmill Lane Gets Funding For Development

Hibernia REIT, an Irish investment property gets approval from Deutsche Bank for a €46.7m (£34m) loan to be used in the development of the iconic Windmill Lane site, where U2's recording studio used to be, Belfast Telegraph reports.

Vancouver’s Housing Crisis And Justin Trudeau’s Vacuous Response

Is there something off with Vancouver's new prime minister's response to Vancouver's housing affordability crisis? Looks like there is, South China Morning Post reports.

New Zealand Properties Owned by Non-citizens Gets New Tax Starting April 2016

In 2016, sales of residential properties in New Zealand by people who are not based in the country will be given new withholding tax, but the sale has to take place within two years of purchase, Property Wire reports.

New York's 'Downtown Abbey' on Market for $23.5M

If you are a fan the British period drama television series and wish to have your very own Downtown Abbey where you can be your very own lord or duchess, then begin to work on coming up with $23.5 million to pay for a picturesque 466-acre equestrian farm estate in Poughquag, NY that is now very much on the market, Realtor reports.

China Real Estate Threatened By Overcapacity

Home-buying curbs to continue in China's top-tier cities and the real estate sector will continue to feel the effects and will remain overstocked, Valerie Tan of Channel News Asia reports.

Golfer Dustin Johnson Sold Florida Home For $3.83M

Pro golfer Dustin "DJ" Johnson was so close to winning the 2015 U.S. Open, but despite narrowly missing the top spot, he is clinching victories in other aspects, like real estate. DJ is known for his prodigious driving ability, and he sure used it when he put his North Palm Beach, FL, home on the market and sold it for $3.83 million, Realtor reports.

Trevor Cahill of Chicago Cubs Snags $2.75M Home in Paradise Valley

American professional baseball pitcher Trevor Cahill just re-signed with the Chicago Cubs for the 2016 season, but formerly played for Arizona Diamonbacks, and while he has bid goodbye to the team, he is leaving one foot in Arizona with his recent acquisition of a property in the area, Realtor reports.

New Tiny Apartment Project In NYC Gets Overwhelming Attention

It is getting the attention that every listing agent dreams of, and we are not even talking about a lush luxury or celebrity estate, but a 265 to 360 square feet unit, New York Post reports.

2016 Housing Market Predicted

There is no way to exactly predict how the real estate market will shape up for 2016, but looking at enough data could make for almost accurate predictions, just like what Svenja Gudell, new appointed chief economist of Zillow.com does, Reuters reports.

The New Most Expensive Listing In Connecticut

Stamford, CT is home to several blue-chip companies and the executives who run them. The neighborhood boasts good schools, low crime rates, beautiful beaches, and amazingly close proximity to the Big Apple. But now, it can add one more to its bragging rights, as Stamford is now home to Connecticut's most expensive listing, Realtor reports.

Boston's Top 5 Real Estate Stories of the Year

High price tags and expensive sales were among the most talked about stories in the real estate market for this year, and it looks like the same trend that is going for Boston and its suburbs, boston.com reports.

Q&C Hotel Purchased By California Real Estate Trust For $51M

The Q&C Hotel in the heart of New Orlean's Central Business District has a new owner, and it is its third one for the past two years. The 12-story, two-building property was purchased by a California-based real estate trust for $51.2 million, following a full renovation conducted by the previous owners, Nola reports for The Times-Picayune.

U.S. Top 20 Hottest Housing Markets In December 2015

Regardless if you celebrate Christmas or not, the month of December will always be taken over by the holidays. Witt long lines everywhere, get-togethers, office parties, Christmas lights and decorations, everything else just slows down and grinds to a halt. It's practically the worst time to go job hunting, start a diet, and even more buy or sell a house. And as expected, the residential real estate market has indeed cooled down for the last month of 2015, Realtor reports.

Manhattan's Luxury Home Prices Looking Less Lofty

It's feeling a bit chilly for Manhattan's housing market, specifically the luxury housing sector, New York Post reports.

Designer Marc Ecko's New Jersey Estate Is Back On the Market For $15M

After the unsuccessful attempt to find a buyer late last year, fashion mogul Marc Ecko is again putting his enormous and opulent estate on the market, dropping the initial listing price of $18 million to $15 million, Fox News reports.

China Real Estate Is Changing

Looking into the list of the big cities in China with the largest population inflow, it seems to debunk the once popular assertion that the city's population is decongesting as more people are looking to move away from the urban areas, The Star reports.

High Prices In Vancouver Real Estate Threaten Economy: Expert

It's been a great year for sellers in Vancouver's real estate market, but the high prices could lead to challenges in the economy and environment according to experts, Global News reports.

'Unfair' Buy-to-let tax Prompts Property Investors To Bring Case In Court

The UK government has recently added a new tax rule which would avoid offsetting of mortgage interest costs against rental profits prior to tax calculation by landlords, Express reports.