Property hunters wasting thousands on building reports for properties they could never afford

House at 63 Ballarat Rd Footscray FRUSTRATED property hunters are wasting money on building and pest reports for houses they could never afford due to some real estate agents underquoting. The Real Estate Institute of Australia claims it's received a spike in complaints from potential buyers who have paid $500 to $1000 plus for these reports prior to a property auction, only for the sale price to exceed all guidance and expectations. […]

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Billionaire Jeff Greene Relists Outrageous Beverly Hills Fixer Upper For $129 Million

Inside 'Palazzo di Amore,' back on the market for $129 million. It's back. Billionaire real estate investor Jeff Greene's infamous Palazzo di Amore returns to the market this week after a yearlong hiatus. This time Greene is asking $129 million, a haircut from the original $195 million he sought in 2014. Back then it was the most expensive home for sale in the country. He later cut the price to $149 million in 2015 and officially removed the home from the sales market a few months later. Since the estate has been available to rent, most recently asking $375,000 per month. […]

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If Toronto Real Estate Is So Hot, Why The 45,000+ Cancelled Listings Last Year?

If Toronto Real Estate Is So Hot, Why The 45,000+ Cancelled Listings Last Year? Toronto real estate is one of the world's hottest markets right now, but the stats are looking a little strange. Despite the "record demand," and "shortage of inventory," thousands of listings are cancelled each month. Many of these listings reappear within days, in an attempt to game buyer psychology. Since Toronto's MLS is a closed system, the listing history for properties is not available to the public. The consequence? Buyers have been led to believe that they should buy a home as quickly as possible, and pay over the asking price. […]

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‘Worrisome’ Toronto real estate market drives ‘unusually large’ national price increase

'Worrisome' Toronto real estate market drives 'unusually large' national price increase An "especially worrisome" Toronto housing market helped push Canadian home prices to their largest February increase ever, according to the latest index from Teranet-National Bank. National home prices jumped 1.0 per cent last month, a gain that was "unusually large for the season," according to the report, and the biggest February increase in the 18-year history of the Teranet-National Bank National Composite House Price Index. […]

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US housing starts total 1.29M in Feb vs. 1.26M starts expected

US housing starts total 1.29M in Feb vs. 1.26M starts expected U.S. home building jumped in February likely as unseasonably warm weather boosted the construction of single-family houses to near a 9-1/2-year high, suggesting the economy remained on solid ground despite an apparent slowdown in the first quarter. Other data on Thursday showed a drop in the number of Americans filing new applications for unemployment benefits last week, pointing to a further tightening in the labor market. […]

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