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America's Top 10 Real Estate News
POMPANO
BEACH, Fla., July 17,
2024 /PRNewswire-PRWeb/ -- "US Home Sales Fall
To Near-Record Levels"
US home sales fell to near-record levels in May. Sales came in at
408,000 in May, which was the lowest monthly total other than
May 2020 in the early days of the
pandemic and in October 2023, when
mortgage rates shot up to their highest rates since the early
2000s. Despite the low number of homes sold, prices reached record
levels of almost $440,000.
Where Real Estate Is Never
Boring!
"America's New Tallest Skyscraper"
Move over New York and
Chicago, a new city has plans to
build the country's tallest skyscraper. Plans have been launched in
Oklahoma City for a 1,907-foot
skyscraper that would be taller than New
York's World Trade Center and Chicago's Willis
Tower. If actually built, the $1.2
billion project would include two apartment buildings, some
low-income housing, a hotel and condos. Construction is scheduled
to start in late 2024.
"California Median Home Prices Hit $900,000"
For the first time, median home prices have hit $900,000 in California. According to the California
Association of Realtors, the median sale price of a home in
California soared to $904,210 in April – up 11.4% from April 2023.
"Amenities Today's Home Buyers Want"
It seems that home buyers no longer want granite countertops and
wall-to-wall carpeting. According to a recent survey, today's
buyers are looking for open floor plans, double vanities and quartz
countertops.
"Some Good Real Estate News For Justin Timberlake"
Justin Timberlake finally got some
good news with the sale of his 127-acre horse farm for a staggering
$8 million. Located near Nashville in Franklin, Tennessee, the property was
originally purchased by Timberlake and his wife, actress
Jessica Biel, in 2015 for
$4 million.
"Florida's Next Beach Boom
Town"
Even though it has one of the country's best beaches and is located
next door to Fort Lauderdale, even
the spring break kids stayed away. Now Pompano Beach condos are the hotbed of
South Florida construction
development, with a dozen new projects, including both Ritz Carlton
and Waldorf Astoria residences,
under construction or in the pipeline.
"It's Official – J. Lo & Ben Are Selling"
After weeks of marital-issue and house-selling rumors, Jennifer Lopez and Ben
Affleck have listed their LA mansion, just one year after
buying the 12-bedroom home. The almost-newlyweds spent two years
searching for the perfect family home, looking at numerous
properties before they decided on the home they are now hoping to
sell for $68 million.
"US Home Inventory Coming Back"
After years of home-listing declines, the US market is finally
starting to turn around. May was the seventh consecutive month of
homes-for-sale increases, and there are currently 35% more homes on
the market than in 2023.
"Free Pennsylvania Summer Home – 17 Rooms"
The historic Hood Mansion in Limerick,
Pennsylvania was built in 1834 by John McClellan Hood, an Irish immigrant, as a
summer home for his large family. Known as "Bessie Belle," the 17-room mansion is free to
anyone who can move it. The Eastern Pennsylvania Preservation
Society hopes to find someone soon, before the home is torn down to
make way for a warehouse.
"America's Dirtiest Towns"
According to a recent analysis, America's dirtiest cities are
San Bernardino, CA; Detroit; and Reading, PA. The findings are not based on
litter but are based on factors such as air quality and drinking
water. The cleanest towns are Lynchburg,
VA; Duluth, MN; and
Redwood, CA.
For more of America's most interesting real estate news, visit
TopTenRealEstateDeals.com.
Media Contact
Terry Walsh,
TopTenRealEstateDeals.com, 954-544-0526,
terry@toptenrealestatedeals.com,
https://toptenrealestatedeals.com/
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