SEOUL, Feb 21 (Reuters) – A downturn in South Korea’s home prices is causing pain in the country’s unusual rent-free rental system that benefited landlords and tenants alike during a long surge in residential property prices. In the “jeonse” scheme, tenants put up a deposit typically worth as much as 70% of the home’s value,…
CoStar’s Bid To Buy Realtor.com From News Corp Ends With No Deal
Bisnow Archive/Alfredo Flores CoStar CEO Andrew Florance in the audience at a 2019 Bisnow event. CoStar Group’s bid to add the company that owns Realtor.com to its real estate data and listings empire has fallen apart. News Corp announced Tuesday that it “is no longer engaged in discussions” to sell Move Inc. to CoStar. The…
The condo owner must also pay up for tenant’s disruptive behavior, the tribunal said
A recent ruling by an Ontario tribunal should serve as a warning to condo owners who rent out their units that they could be left with a big bill if they don’t take action against problem tenants. In a Feb. 10 decisions, the Condominium Authority Tribunal (CAT) found both a tenant and condo owner jointly…
CoStar Will Not Acquire Portal Realtor.com After All
Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business. In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to…
Brooklyn News: A Japanese-Style Brownstone Reno
Brooklyn Heights Brownstone With Mantels, Central Air, Waterfront Views Asks $13,999 Million Coming onto the market for the first time in decades with an impressive asking price, this Brooklyn Heights brownstone has period details like marble mantels and plasterwork along with waterfront views and central air. Within the Brooklyn Heights Historic District, the circa 1860s…
See inside an $8.5 million White House look-alike in Indiana located on 45 acres with a horse-riding arena and car museum
The property topped the list of the 10 most popular homes for sale on Realtor.com.Courtesy of Berkshire Hathaway HomeServices Indiana Realty A White House-inspired home in Indiana is Realtor.com’s most popular home this week. The 45-acre property is currently on sale for $8.5 million. Amenities include a billiards room, space for a car museum, and…
The ethics of home ownership in an age of growing inequality
For many Americans today, home ownership is an unattainable dream. In 2022, the average long-term US mortgage rate rose to 7% for the first time in more than two decades. The median sales price of existing homes rose to a record US$416,000 while demand for mortgages dropped to a 25-year low. Experts forecast a turnaround…
This savvy realtor couple waited for the perfect place to come on the market before they were pounded
The Chase: This savvy realtor couple waited for the perfect place to come on the market before they were pounded The goal: a Riverdale townhouse with a pup-friendly backyard. The budget: $1.5 million Photo by Joshua Best The buyers: Jenny Simon, 38, and Shane Little, 33, both realtors The story: Life and business partners Jenny…
Abolitionist Place celebrates second anniversary of landmark preservation • Brooklyn Paper
Nestled on what could be mistaken for just an ordinary, unassuming street corner in Downtown Brooklyn, stands a brick building responsible for helping an unknown number of enslaved people in their journey to freedom. The building, located at 227 Abolitionist Place, also known as 227 Duffield Street, was once home to some of the area’s…
Bushwick’s Faro Restaurant Closing Its Doors After Eight Years
Faro, a Bushwick mainstay for fresh pasta and seasonal produce, is closing after eight years serving the neighborhood from its Jefferson Street location. “It’s been an amazing journey and, after almost eight years, the time has come to close the doors at Faro. We are proud to have been part of the Bushwick community and…