A SUMMER WITHOUT NEW LISTINGS Zillow.com reports a drop in listings Overall, the number of listings on Zillow dropped 12.2% year-over-year earlier this month. metros. Las Vegas, Chicago and Washington D.C. were the large metros that saw inventory constraints tighten the most since the beginning of the year, decreasing by 21.8 percentage point, 12.3 percentage point and 9.8 percentage point, respectively READ MORE: http://honish.com/a-summer-without-inventory/
When it comes to selling a home in West Palm Beach, everyone’s primary objective is, of course, to maximize the final proceeds. It’s not surprising that some sellers assume that a savvy business move would be to ask their real estate agent for a reduced commission. After all, cutting the normal 6% a couple of percentage points still leaves a substantial amount, right? Check this out: http://www.christianpenner.com/selling-a-home-in-west-palm-beach-it-cant-be-a-cut-rate-affair/
Crain’s New York Business reports that Manhattan rents are on the rise again: "The median rent in Manhattan for the third quarter stood at $3,262, up 5% from a year ago, according to a report from Douglas Elliman Real Estate. ... Across the East River, the median rent was $2,743 in Brooklyn and a few hundred dollars lower in Queens according to the Elliman report. While these numbers were a few percentage points lower than they were at the same time last year, the market is still hot.