Real estate related news.
NEW ORLEANS (AP) — An apartment in a 19th century French Quarter building will no longer be reserved for use by New Orleans mayors, the city council decided last week in what amounted to a public rebuke of Mayor LaToya Cantrell over her time spent at the coveted address. Cantrell’s use of the apartment in [...]
LOS ANGELES — The U.S. housing market remains in a deep sales slump, but the worst declines may be over when it comes to home prices. While home sales have fallen 22.3 percent through the first seven months of the year versus the same stretch in 2022, prices are being propped up by buyers competing [...]
Home sales in central Ohio are down 16.3 percent so far this year compared to last year, according to figures released this week by Columbus Realtors. Though sales have fallen, prices for homes sold have risen. The average price of a home sold in the Columbus region this year is $344,768, which is 3.6 percent [...]
TOMS RIVER, N.J. (AP) — New Jersey has accepted a revised settlement over chemical dumping that turned parts of a community into one of America’s most notorious toxic waste cleanup sites, but opponents say the deal is only marginally better than before and plan to sue the state to block it. The deal adds slightly [...]
LAHAINA, Hawaii (AP) — Hawaii’s governor has vowed to protect local landowners from being “victimized” by opportunistic buyers when Maui rebuilds from deadly wildfires that incinerated a historic island community and killed more than 100 people. Gov. Josh Green said that he instructed the state attorney general to work toward a moratorium on land transactions [...]
HONOLULU — Jan Pappas and Ronald Yasuda hired a contractor to fasten the roof of their 1960s-era home to their walls with metal plates and nails so high winds of a potential hurricane wouldn't blow it away. Their motivation? Global warming fueling natural disasters around the planet. "It's happening right now, every place in the [...]
LOS ANGELES (AP) — Sales of previously occupied homes around the country fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines. The national median sales price fell on an annual basis for the fifth month [...]
BOSTON — Boston is launching a new program designed to offer tax incentives to encourage the conversion of underused downtown office buildings into residential use, according to Mayor Michelle Wu. The push mirrors office-to-housing conversion efforts in other cities trying to breathe life back into downtown business districts that emptied during the coronavirus pandemic and [...]
SAN FRANCISCO (AP) — Jack Mogannam, manager of Sam's Cable Car Lounge in downtown San Francisco, relishes the days when his bar stayed open past midnight every night, welcoming crowds that jostled on the streets, bar hopped, window browsed or just took in the night air. He's had to drastically curtail those hours because of [...]
LOS ANGELES (AP) — The average long-term U.S. mortgage rate climbed last week to just under 7 percent, the highest level since November and the latest setback for homebuyers already grappling with a tough housing market constrained by a dearth of homes for sale. Mortgage buyer Freddie Mac said that the average rate on the [...]