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Property News

Location American Property News for 16 December 2015

Rent Your Place on Airbnb? The Landlord Wants a Cut

Wall Street Journal - 16 Dec 2015 03:36
Three of the nation's largest landlords have held discussions with Airbnb about allowing apartment dwellers to market rooms through the company's global network in exchange for a slice of the revenue.
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The Fed's quarter-point hike doesn't mean the average 30-year fixed mortgage will be a quarter point higher.
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Home sales in Canada increased by 1.8% month on month in November with the number of new listings also rising, up 3.1% compared with October, the latest index figures shows. Prices also increased, up by 10.2% year on yea...
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Realtor.com came up with the top 10 cities empty nesters are likely to move to in the new year.
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The private rented sector in the UK has entered a more settled periods with over 80% of tenants satisfied with their landlords and more families renting homes, new research shows. The sector has seen some shifting demogr...
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Frank Lloyd Wright house in Highland Park sells for $687,500 A four-bedroom house in Highland Park designed by architect Frank Lloyd Wright that is at risk of demolition sold Tuesday for $687,500. Built in 1906 for rare-book dealer George Madison Millard, the Prairie-style home si...
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Chicago Bear Matt Forte sells Mettawa mansion for $1.5 million Chicago Bears running back Matt Forte and his wife, Danielle, have sold their five-bedroom, 6,062-square-foot mansion in north suburban Mettawa for $1.5 million. The two-time Pro Bowl running back paid $4.025 million ear...
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Matt Forte sells Mettawa mansion for $1.5 million

Chicago Tribune - 16 Dec 2015 16:58
Matt Forte sells Mettawa mansion for $1.5 million Chicago Bears running back Matt Forte and his wife, Danielle, have sold their five-bedroom, 6,062-square-foot mansion in north suburban Mettawa for $1.5 million. The two-time Pro Bowl running back paid $4.025 million ear...
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A new development of 122 homes has been selected as a national pilot in the UK for large scale custom build, as part of an overall policy to boost this sector of the housing market. The proposed custom build site at Park...
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Mortgage refinances up 1% on rate fears

CNBC - 16 Dec 2015 14:13
Mortgage rates didn't move last week, but more borrowers made applications to refinance, possibly worried rates will move higher.
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Property in Scotland increased by 1% in October, the biggest monthly climb since April and sales were up 10% year on year, the highest figure for the month for eight years. The latest data from the Your Move index also s...
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Residential rents in the UK fell by 0.4% in November, taking the annual rate of increase from 3.9% to 2.9%, according to the latest index figures to be published. The drop was led by London where rents fell by 0.6% month...
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Beyond Property: Chinese Developers Look to Diversify

Wall Street Journal - 16 Dec 2015 07:03
More developers see no end to the pain in Chinese real estate and are looking to get out. Other developers are branching off into everything from banking to cosmetic surgery to women's soccer.
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Developers Jump Into Philadelphia Apartment Market

Wall Street Journal - 16 Dec 2015 02:14
Philadelphia has an apartment shortage--and big developers are starting to fill the void. Houston-based property giant Hines is teaming up with a local developer on a 322-apartment tower in the Center City neighborhood.
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