Realtor

Realtor.com Reports Weekly Active Inventory Up 20% YoY; New Listings Down 26% YoY

by Calculated Risk on 5/25/2023 04:05:00 PM

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending May 20, 2023

Active inventory growth slowed again, with for-sale homes rising just 20% above one year ago. The number of homes for sale was higher than this time last year, but not by as much as we’ve seen in recent weeks. As we have discussed, further slowing is likely ahead. One key way that has been played out is by encouraging

Realtor

KISS bassist Gene Simmons owned this CA mega mansion for sale

A massive estate that was the longtime home of a rock music legend has landed on the real estate market in Beverly Hills, California, for a pretty penny.

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The 16,390-square-foot residence — which is listed for $48 million — was the longtime home of iconic KISS bassist Gene Simmons, numerous media outlets, including Mansion Global, reported. Simmons originally sold it in 2021 for $16 million, and the price jump over the two-year period is due to a full renovation of the seven-bedroom, 11-bathroom estate.

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“Showcasing unparalleled design, this masterpiece is accented with the finest materials — main level

Realtor

MLB Legend Chipper Jones Snags Record-Breaking Sale on Georgia Home

former Atlanta Braves great Chipper Jones recently set a real estate record with the sale of his Canton, GA, mansion.

The $11 million final price was the largest recorded sale so far this year in Georgia—and the biggest real estate deal in the Peach State since 2019.

This sale also netted Jones a nice profit: He purchased the ranch in 2018 for $9.25 million. The endlessly luxurious property features 37 acres, eight bedrooms, and 11 baths.

The mansion’s wooden lot includes a fish-stocked, private lake; gardens; a pool; fire pits; and horse stables. In addition to the main house, there’s

Realtor

Journal Club 05-19-23 – Passive Income MD

Here’s Journal Club 05-19-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!


  • With all the worrying talks about a looming recession and market uncertainty, does it still make sense to continue investing in real estate? Are you considering purchasing a property but also skeptical about the whole idea and its consequences? Well, in that case, this post is for you… The Physician on FIRE shares more about it in the article – We Bought a House….In This
Realtor

Nuclear sky resort not unimaginable, video creator says

(CNN) — A fantasy video exhibiting an enormous flying resort that will maintain inside the sky for years on end has prompted a sensation on-line, no matter being previous the realms of current know-how and in breach of the authorized tips of physics.

Nonetheless, Yemeni engineer Hashem Al-Ghaili, who created the Sky Cruise concept video primarily based totally on a futuristic design by artist Alexander Tujicov, insists it’s solely a “matter of time” sooner than aviation engineering catches as a lot as his imaginative and prescient.

And, he says, his outlandish concept will help push the boundaries of what is

Realtor

Journal Club 05-12-23 – Passive Income MD

Here’s Journal Club 05-12-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!


  • Many of us wish to become homeowners someday. And as you probably already know, buying a home is an enormous undertaking in addition to repaying those crushing amounts of student loans. So, if you’ve been thinking about home ownership but wondering how you’ll make this work? The White Coat Investor has helpful tips for you in the article – Building Wealth While Living in an