Crazy Los Angeles Real Estate Market Leads To Record $1.76 Trillion Assessed Values

According to the Los Angeles County Assessor, the annual property tax Assessment Roll has been completed leading to 3.7% growth during an unprecedented year in the Los Angeles real estate market. In plain English, the new Los Angeles property tax roll will be assessed on the new value of $1.76 trillion. Without the help of Prop 13, Prop 19, and Prop 60, which help limit increases in assessed values and property taxes in California, this property tax roll number could be even higher.

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The U.S. real estate market begins to cool after bump from the pandemic.

The pandemic created a frenzied real estate market in much of the United States that has yet to let up, with demand for housing still outpacing the number of homes coming on the market, giving sellers a heavy upper hand in most of the country. But economists say the market cooled off a bit in July — perhaps a sign that the wild price appreciations of the past year may have scared off some buyers who prefer to wait until things calm down, to stay put or to continue renting.

Nationally, U.S. median home prices held steady from June to July at $385,000. That’s up 10.3 percent from last year at this time, according to the latest data from Realtor.com. It’s slower growth than the 12.7 percent increase in June 2021, and it marks the third month in a row in which the year-over-year gains have slowed.

“It is just

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Nexus Real Estate Investment Trust Announces the

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TORONTO and MONTREAL, Aug. 16, 2021 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (TSX:NXR.UN) (“Nexus” or the “REIT”) announced today that it has waived conditions on the acquisition of a portfolio of three distribution centres located in Saskatchewan and New Brunswick for a purchase price of approximately $230.4 million (the “Distribution Centre Acquisition”). The purchase price is expected to be funded with the net proceeds from the REIT’s $75 million public offering of trust units (the “Units”) (see “The Offering” below) and up to approximately $172.4 million from new mortgage financing to be placed on the properties at closing.

The REIT also announced today entry into of, or the waiving of diligence conditions under, two purchase and sale agreements to acquire five industrial properties. Together with an Alberta industrial property which the REIT announced having waived

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7 major challenges facing the real estate sector

Here are the seven most critical concerns confronting the Nigerian property investment sector.

The ongoing rise in the price of most Nigerian homes is posing a significant challenge to the country’s real estate sector. Most Nigerian cities are overpriced, which discourages potential investors. Rivers, Lagos, and Abuja are the most affected cities, all of which are important commercial hubs.

Furthermore, the exorbitant price tag has widened the social divide between different income earners. In short, there are some areas where a middle-income earner, let alone a low-income earner, cannot afford to rent a home.

For example, in Lagos State, certain housing units are occupied by the wealthy and cannot be afforded by low-income earners. When this happens, combined with the country’s rising economic woes, people tend to flock to less expensive areas, putting a damper on hopes of a possible drop in rent costs.

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Grand County real estate sales, Aug. 8-14

Grand County’s real estate transactions Aug. 8-14 were worth more than $31.1 million combined.

• Beaver Village Flg #2, Bldg 3, Unit 103 – Stephen, Roberta and JoAnne Gravelle to Erich and JoAnna Marks, $450,000

• Fairways at Pole Creek PH 1 & Open Space Lot 3 32 – Mary Jane Mandel to Kathryn and Wayne Dickson Jr, $167,500



• Grand View Highlands Filing #1, Lot 31, Block 3 – Stephen Meyer to Dark Ski/Sky Ventures LLC, $72,500

• Colorado Angler’s Club #1, Lot 31, Block 11 – John and Michele Ritter to Rebecca Strang, $735,000



• Fraser Crossing-Founders Pointe Condominium Unit 3519 – Andrew and Robin Meyer to Jonah Hepting and Kristi Malone Hepting, $440,000

• Winter Park Lodge II, Bldg A, Unit 102 – Frank Nicholson to Kyle and Susan Ragan, $391,600

• Silversage Subdivision Lot 3, Block 3 – Jerry and LeAnn Rediger to Thomas and Ann

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Diversification Important to Survival in Real Estate, Says Oshogwe

The Chief Executive Officer of Afriland Properties Plc., Uzo Oshogwe has advised real estate companies to diversify their offerings to remain relevant and be in business in the current business clime.

Speaking at a stakeholder forum held in Lagos, the real estate chief executive stressed the need for Real Estate companies to adopt diverse development types and to roll out products in line with the need of existing target markets to stay in business.

She noted that there were so many opportunities abound in the market and that economic factors, as well as the changing needs of clients, warranted that Realtors needed to be flexible in their operations. She stated further “developers must take a step back, work the number to determine what works and what doesn’t. If due to the impact of the pandemic, office development is not as buoyant, then reduce the square meterage that you put out

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15 Things Prospective Real Estate Buyers Need To Be Wary Of Right Now

“Let the buyer beware.” This disclaimer continues to warn consumers of all kinds of products. It is of paramount importance, however, for buyers in real estate, as there are a number of factors that could turn a property from a dream purchase into a waking nightmare.

While there is a mountain of advice on this topic, there are key pointers that buyers should keep top of mind. To that end, 15 members of Forbes Real Estate Council shared their wisdom with prospective buyers to ensure they stay shrewd and wary throughout the buying process.

1. Beware Of Settling For A Property

If there is one thing that I would warn all buyers in the market right now of, it would be

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Should Actual Property Agents Use Sex To Promote?

Additionally, this development lends credence to the funding trend of real property. In 2019, the housing sales were 2.sixty one lakh items across seven cities.

real estate news northern california

Real property agents are burdened with lots of tasks together with sustaining a powerful digital presence. Rosen cites three essential components impacting costs. First, new supply is flooding the market, particularly in Oakland and the Silicon Valley. Second, skyrocketing rents in the final decade imply the area has lastly “reached a rent level that pushes in opposition to affordability ceiling for many households,” he said. The first Angel the Real Estate thing you need to do is take your own pulse, take a deep breath,” Gazaway mentioned. In his head, he repeated this one thought: I haven’t achieved something flawed. However he was treating 10 addicts greater than the law allowed. The agents questioned him for forty five minutes about … Read the rest

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Buyer fatigue? Summer slowdown? Seattle’s red-hot real estate market could be cooling off

After a chaotic summer that saw extremely low housing inventory, bidding wars and record-breaking jumps in median sale prices, Seattle’s tight real estate market could be showing signs of cooling off for the fall season.

A new market report form the Northwest Multiple Listing Service (NWMLS) found that competition for homes in Seattle eased slightly in July, with brokers adding more listings and less homes going under contract. The agency saw slightly fewer pending sales in July than in June and May.

Some of that slowdown might be seasonal, while other experts took into account that the state lifted all COVID-19 restrictions on June 30, and more people could be traveling after spending so much time at home.


“Although the local market is intense, buyers can find some relief because there aren’t as many offers to compete with compared to earlier this year,” said J. Lennox Scott, chairman and CEO

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Sports activities At Any Cost

Uncover properties out there to be bought and buy in Lahore Pakistan inside your monetary plan on Pakistan’s No (1) Ahmad Real Estate group.

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Reverse mortgages in California have been affected to various levels in numerous parts of the state. 1. An exclusive itemizing contract works both for the property owner and the agent. The agent is assured to be monetarily compensated if he markets the property at a excessive worth and thus is extra motivated to get the identical while the vendor is most pleasant to any high presents that the true estate agent makes. Even better – you would not have to get a property beneath contract with a purchase order settlement. The very same methodology can be utilized with a simple choice. The benefits of an possibility are a) you needn’t be involved about being locked in to purchase the property … Read the rest

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