Developer Michael Cantor Auctioning $11M Jersey Shore Mansion

Cantor Companies CEO Michael Cantor and the home in Rumson, New Jersey (Cantor Companies, Concierge Auctions)

A prominent real estate developer is taking the unusual step of auctioning off one of his homes — and not just any home.

Michael Cantor is putting his waterfront mansion in Rumson, New Jersey, up for bid this week through Concierge Auctions. It will be offered without reserve or minimum bid from July 22 to July 27, according to Mansion Global.

The 3.71-acre property on the Jersey Shore is listed by Burke and Manna for $11 million.

The Cantor Companies CEO bought the home in 1983, expanding and upgrading the property over the past four decades. The 13,000-square-foot living space comes with seven bedrooms, eight bathrooms and three half-baths, plus a library, billiards room, gym and wet bar.

There’s also 200 feet of dock space that goes 12 feet deep. Additionally, the property has

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Median sales price for homes in Phoenix hits $400,000

June created the perfect trifecta for a hot housing market: June home sales and prices both set report records, while inventory grew for the first time in 15 months. The record-setting industry saw the median sales price for homes in Phoenix hit $400,000, a 30.1% year-over-year increase.

The month of June, typically the biggest month of the year for home sales, saw sales soar 14.2% over a strong May and top all other months in the 13-year history of the report, which spans 53 metro markets. The Median Sales Price of $336,000 was also a report record, eclipsing the previous record of $320,000 – set in April and tied in May – by 4.9%.

READ ALSO:  5 Arizona housing market predictions for 2021

 The number of homes for sale, meanwhile, grew 1.9% over May – the first increase since March 2020. Inventory, however, still remained 37.5% below June 2020

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Misguided DOJ Efforts Could Derail What a Pro-Consumer Real Estate Market Bolsters — RISMedia |

As a small business owner and president of the National Association of REALTORS® (NAR), I want to set the record straight on misconceptions by some about the real estate industry.

Commissions for real estate agents and brokers are negotiable. Always have been. Always will be. Let’s put that on the table right now.

Like most transactions in the American economy, market forces set individual commission rates to provide for competition among brokers, increase efficiency for consumers and ensure we are providing the most market-driven and best possible service to our clients.

It’s the free market at work, and the reality is that the commission structure gives everyday Americans critical advantages they otherwise wouldn’t get. That structure is what ultimately makes it possible for many people to realize the dream and benefits of homeownership.

That same free market makes it possible for small business owners to earn a living as real

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Homes That Sold for Around $600,000

Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales.

The “list price” is the asking price when the property came on the market with the most recent broker. The time on the market is measured from the most recent listing to the closing date of the sale.

New Jersey | 4 bedrooms, 2 baths

This 88-year-old, 1,972-square-foot house has a living room with a fireplace and archways, a kitchen with stainless-steel appliances and a detached one-car garage, on 0.12 acres.

9 weeks on the market

$585,000 list price

11% above list price

Costs $12,901 a year in taxes

Listing broker Weichert, Realtors

Long Island | 3 bedrooms, 2 baths


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Big tech and medical campus in Campbell lands buyer

CAMPBELL — A big technology and medical office park in Campbell has been bought by a veteran real estate company in a deal that shows a healthy profit over its prior price.

Kennedy Wilson, a worldwide real estate investment company, has bought Vasona Technology Park, a six-building complex near the corner of Winchester Boulevard and East Hacienda Avenue in Campbell that totals 267,500 square feet.

Beverly Hills-based Kennedy Wilson, acting through an affiliate, paid $147.3 million for the complex, according to public documents filed on July 16 with the Santa Clara County Recorder’s Office.

Cushman & Wakefield commercial real estate brokers Eric Fox, Seth Siegel, Steven Hermann, Ryan Venezia, and Rick Ryan arranged the property transaction.

“Vasona Technology Park has a great location, excellent tenant base, and long-term leases,” said Fox, an executive managing director with Cushman & Wakefield. “The buildings are 100% leased. There’s everything to like about this

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3 Ways Biden’s Latest Executive Orders Could Change Real Estate

The battle between big business and the federal government has reignited, as the Biden Administration attempts to reinstate Obama-era mandates and oversights through the Promoting Competition in the American Economy plan.

In an executive order summary on July 9, Biden outlined his plan to tackle corporate consolidation, stagnant wage growth, skyrocketing consumer costs and workers’ rights in several industries, including healthcare, transportation, agriculture, internet service, technology, banking and consumer finance.

“No more tolerance of abusive actions by monopolies. No more bad mergers that lead to massive layoffs, higher prices and fewer options for workers and consumers alike,” Biden said in a July 9 White House briefing. “Let me be very clear, capitalism without competition isn’t capitalism, it’s exploitation.”

Although the summary failed to explicitly name real estate, Biden’s Federal Trade Commission mandates regarding occupational licensing and noncompete agreements set off alarm bells, as the real estate industry navigates

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Real Estate: Will a Pool Help or Hurt Your Property Value?

Q: My wife and I own a large house in Morristown, N.J., on a good-sized lot. I look out at our yard and see a perfect spot for an in-ground pool with a cabana. My wife likes the idea of a pool, too, but is concerned that it’s not a wise investment. But wouldn’t a well-designed pool add value to our property? We have the space for it, and who doesn’t like a pool?

A: You might love the idea of a pool in your backyard, but not everyone else does, particularly in a part of the country where summers are relatively short and the weather unreliable, as this summer has proved to be so far.

“I’ve always viewed a pool as a polarizing asset — people either love it or have no use for it,” said Jonathan J. Miller, the president of Miller Samuel Real Estate Appraisers and Consultants.

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The hottest markets for real estate, according to experts

Work from home, but invest across the nation.

Real estate investments shouldn’t be limited to where you physically live, as you may be missing out on some of the hottest markets in the nation. The experts at Roofstock agree completely, which is why they are on a mission to make buying and selling properties a breeze while breaking down physical boundaries to enter the lucrative biz.

Roofstock is a company that allows individuals to invest in real estate, be it buying or selling, mostly focused on single-family homes and smaller, manageable properties. First, browse the marketplace for a property anywhere in the nation, which we can help you with in a moment. Then buy the listing in cash or via financing to get the title in your name. Finally, consider pairing up with a vetted property manager to handle day-to-day responsibilities like maintenance and tenanting. The latter is especially useful

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Pending Residence Sales Show Indicators Of Power In May

Moreover, it has been manufactured to offer proper observe up and workforce coordination. You’ve got most likely heard of the growing variety of foreign actual estate investments in the United States.

real estate license ohio

Many online entrepreneurs and content providers would agree that sex really sells throughout the Web. All of us know that actual estate commissions can work out to quite a bit of money – something from a few thousand dollars with low cost brokers to 6{b9ed0d702d3ba8e4d01e3cc439346676b0a06aa12874486e48faea11a2aa21df} in commissions with full-service agents. That is a considerable sum of cash to be paying for one thing you could very nicely do by yourself. The concept of a 6{b9ed0d702d3ba8e4d01e3cc439346676b0a06aa12874486e48faea11a2aa21df} Actual Estate fee being paid to the agent originated during the 1940’s when local Real Estate Boards openly engaged in price fixing to determine a regular fee. This process was an out and out case of an unfair apply, but … Read the rest

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Boomers Are Only Making the 2021 Housing Crisis Worse

  • Boomers have more real-estate wealth than any other generation, according to a NYT analysis of Fed data.
  • Unlike previous generations, many of them aren’t listing their houses for sale as they get older.
  • It’s exacerbating a historic housing shortage that’s made it difficult for millennials to buy homes.

Baby boomers hold more real-estate wealth than any other generation.

The Silent Generation held that distinction until 2001, according to Michael Kolomatsky’s analysis of Federal Reserve Data for The New York Times. As was typical of older generations, many had begun selling their homes to move in with their families or into assisted-living facilities or nursing homes, leaving boomers to take over as the biggest wealth holders in real estate.

But boomers are now breaking tradition. They’ve surpassed the Silent Generation, per the Times’ data analysis, holding the most real estate wealth of any generation for the

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