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Property News for 22 April 2021
Red hot real estate markets have turned surprising profits for unintentional property flippers
CNBC - 22 Apr 2021 20:35
Real estate brokers are seeing a rising number of unintentional real estate flippers as wealthy buyers find luxury properties are scarce.
Existing home sales suffer second straight monthly decline as tight supply pushes prices higher
CNBC - 22 Apr 2021 16:57
Low supply continues to push prices ever higher. The median price of an existing home sold in March was $329,100, a 17.2% increase from March 2020.
A house just rented in the Hamptons for $2 million for the summer
CNBC - 22 Apr 2021 06:01
A home in the Hamptons rented for $2 million for the summer, as demand far outstrips a record low supply of homes for sale and for rent, according to brokers.
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