Remove tag new-home
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Blackstone to acquire Tricon for $3.5 billion 

Housing Wire

Blackstone entered an agreement to acquire all outstanding common shares of Tricon, with a price tag of $11.25 The proposed transaction comes at a premium, marking a significant 30% increase over Tricon’s closing share price on the New York Stock Exchange as of Jan. per common share. Tricon is also actively involved in the U.S.

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$30 billion savings from ‘a la carte’ commissions?

Real Estate News

New research from the Federal Reserve puts a price tag on changing agent compensation, pushing for it to be independent of the price paid for the home.

Agents 275
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CoreLogic and Restb.ai bringing new AI tools to nation’s fourth-largest MLS

Housing Wire

AI tools, such as photo tags or ALT-Text technology, will automatically extract information from listing photos and generate captions for each one of them. Homebuyers will be able to upload a photo of a desired home in OneHome and search for listings with the same feature, thanks to the image matching capabilities.

MLS 341
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New home sales continue to climb in 2023

Housing Wire

New home sales started off 2023 on a positive note, rising 7.2% from December to a seasonally adjusted annual pace of 670,000 homes, according to data published by the U.S. On a year-over-year basis, however, new home sales are still down 19.4%. January marked a surge of people signing contracts to buy new homes.

Sales 431
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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

And the FDIC reported that home loans are the largest lending segment by dollar volume at more than 40% of community banks. New York Community Bancorp (NYCB) is one institution that is facing a “confidence crisis” related to commercial real estate, primarily multifamily loans.

Banks 457
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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

It’s no secret that buying a home takes time and money. Well, it turns out, so does selling a home. According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . Are you thinking about selling your home? Staging Costs.

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Turnkey homes vs. fixer-uppers: The best home for your wallet

Housing Wire

While turnkey properties come with a higher price tag , they can be a cheaper investment in the long run. According to a study conducted by Buildword , 53% of buyers who purchased a fixer-upper exceeded their budget, compared to 15% of buyers who purchased a turnkey home. The costs to fix up a home varies. Projects to avoid.