The fastest-moving markets had a lower percentage of homes still listed after the two-month period, while the slowest-moving markets had a higher percentage.
Trulia found that the top three markets were Oakland, San Jose, and San Francisco — all major tech hubs where rising rents and gentrification have been hot topics as of late. In all three of these metros, only roughly a third of the homes that were listed in February were still for sale in April. Nationally, the rate was about 55%.
They also found that the fastest-moving markets had the highest gains in prices, with year-over-year increases well over the national average of 10%.
Business Insider's got the scope!
San Francisco Mechanic Sold His AutoShop Building for $9M & You Know The Buyer Is a Condo Developer! (It's the Mission)
How he gonna single us out like dat?! The tenant is gonna take landlord to court now!
Fraud Charges Forces Teresa Guidice To Unload Her Mansion To Generate Cash...She Still Might Go To Slammer Though!!
On Top of Cash Asian Buyers & IPO'd Techies, Now SF Buyers Gotta Compete With Stinkin' Rich Silicon Valley BabyBoomers!!
San Jose Mercury News reports:
Affluent buyers from Silicon Valley have been scooping up luxury condos here, looking for places where they can crash after a late night at work, a dinner party or an outing to the opera....retired baby boomers and empty nesters who are trading their suburban estates for luxury condominiums in the city, and tech types who already live in the city and are cashing in stock and want to move up.....their kids are making a decision about where to go to college, and the parents are thinking about getting a place in the city and spending more time here."
Buyer's Remorse or Buyer's Revenge?! Rejected Buyer Encourages Men to Rape New Owner of House She Lost Out On! Disturbing!
It's a seller's market and sellers are making out like bandits. But be warned: buyers are burnt out & ain't gonna take it no more! Check out the crazy details of this scorned buyer on Gawker!
A San Diego woman who was outbid on her dream home faces felony charges for pulling a series of insane "pranks" against the home's new owner, including inciting rape, listing the victim's home for sale, and advertising high school parties at the house.
Oakland is Nation's Top Housing Market for 2014: 9% Forecast Gain, Says CNN Money...& They Know Stuff!
CNN Money says home buyers are priced out of the market:
In cities like Las Vegas, San Francisco, San Diego, prices have climbed by as much as 20% or more in the past year, well above the national average of 13%, according to Case Shiller. Plus mortgage rates are up by nearly a point to 4.3%, so borrowers today are paying 25% more than they would have a year ago. Nationwide, about 35% of all offers were in cash in February, a nearly 30% increase from a year earlier, according to RealtyTrac.
Jeffrey Dahmer's House Might Become a Restaurant! Would You Eat There?! (At Least It's Vegan...No Flesh, Er I mean Meat)
PETA might turn serial killer Jeffery Dahmers $295,000 house into a vegan restaurant! Ew! From NYdailynews:
PETA seeks to turn Jeffrey Dahmer’s childhood home into vegan eatery: reportIngrid Newkirk, president of the animal rights group, sent a letter to the real estate agent who is handling the sale of the serial killer's former Ohio home. Newkirk said they have a plan to transform the house, the site of Dahmer's first murder, into a vegan reastaurant.
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