Houston High Rise Condos for Sale Which Can Be Tailored and Remodeled Boast a Prime Location Near the Texas Medical Center and Museum District | Nov 24, 2020

Houston, TX — (SBWIRE) — 11/24/2020 — The Parklane condo tower has been a familiar sight for many years with its 35 stories reaching high above neighboring Hermann Park. This location, surrounded by greenery and one of Houston’s most popular parks, is a short commute from the Texas Medical Center, Rice University, Rice Village, Downtown Houston, the Ion and South Main Innovation District, the University of Houston, and is within walking distance of the renowned Museum District. About 30 minutes from Houston airport, The Parklane places homeowners conveniently close to the Houston metropolis without being immersed in the hustle and bustle.

The Parklane debuts 195 Houston full amenity high rise condos with low monthly maintenance dues and floor plans ranging from 1-bedroom units to 3-bedroom condos. Prior expectations about the compromises which have to be made when living in a small space do not apply at The Parklane. Each residence

Read More

Down payments rise as home prices climb | Business

LOS ANGELES – Even with mortgage rates hovering near all-time lows, rising home prices are putting more pressure on buyers to come up with a bigger down payment.

In the April-to-June quarter, the median down payment on a single-family U.S. home was $13,955, a 15.3% increase from a year earlier, according to industry tracker Attom Data Solutions. In the first three months of 2020, it vaulted 29% from the same period in 2019.

The trend follows a steady climb in U.S. home prices this year. As of August, they were up 5.2% from a year earlier.

The rise in home prices is stretching the limits of affordability for many Americans already struggling to save for a down payment.

“Home values are increasing approximately twice as fast as typical incomes,” said Chris Glynn, senior economist at Zillow. “There’s this divergence between home values and the salaries and incomes that buyers have

Read More

Massachusetts evictions start to see exponential rise

Eviction filings in Massachusetts are seeing an exponential rise as courts prepare to hear the first cases filed against tenants behind on rent amid the coronavirus pandemic that has spurred widespread business closures and mass unemployment.



a sign in front of a building: BOSTON, MA. - OCTOBER 15: Protester hold a signs during a rally to prevent Massachusetts evictions in front of Boston Housing Court on October 15, 2020 in Boston, Massachusetts.  (Staff Photo By Matt Stone/ MediaNews Group/Boston Herald)


© Provided by Boston Herald
BOSTON, MA. – OCTOBER 15: Protester hold a signs during a rally to prevent Massachusetts evictions in front of Boston Housing Court on October 15, 2020 in Boston, Massachusetts. (Staff Photo By Matt Stone/ MediaNews Group/Boston Herald)

In the five weeks since a moratorium on evictions and foreclosures ended, eviction filings have nearly doubled every week, jumping from 21 on Oct. 19 to 689 last week and housing advocates warn its a trend likely to continue.

Loading...

Load Error

“We are now really just at the start of the eviction process being fully open in the wake of the lapse of the moratorium and it remains a real concern to

Read More

The Parklane Houston High Rise Condos for Sale Overlook Hermann Park with a Prime Location Near to the Texas Medical Center and Museum District | Nov 23, 2020

Houston, TX — (SBWIRE) — 11/23/2020 — The Parklane condo tower is undergoing extensive remodeling which brings the latest technology, high-end craftsmanship, and contemporary design to the 35-story landmark on Hermann Drive. With one to three-bedroom floor plans and a choice of design styles, some features are consistent across all of the Houston full amenity high rise condos. For instance, all of the condos have recessed LED lighting and are prewired for smart-home automation. Hardwood floors are the preferred choice for many and The Parklane condos boast hardwood floors throughout the living areas and master bedroom. Perhaps one of the biggest attractions to a building which has a prime location overlooking parkland with amazing sweeping views is the outdoor space, each residence has at least one private balcony. For homebuyers who love to cook and feel the kitchen is the heart of their home, the Bosch Home Appliance Series ticks

Read More

Tech And Tokenization Rise To Real Estate’s COVID-19 Challenge

Technology has accelerated a trend in the last few years to tokenize illiquid assets such as real estate. Dividing properties into shares to be bought and traded may have started out as a novel experiment to empower more people to invest in buildings that they could never afford to own outright. But now this fractional ownership model is crucial to helping save sectors of the real estate market.

As the commercial and retail real estate sectors reel from the impact of COVID-19, opening opportunities for new investors by lowering the barriers to entry into luxury properties is essential to energize a market so vital to economies around the world.

COVID-19 has upended many industries and left investors with scant opportunities to earn returns with their money. Real estate would normally attract investors seeking higher profits but this year the sector has suffered some devastating blows from repeated COVID-19 lockdowns. Millions

Read More

Louisiana nursing homes, families say they are more prepared as coronavirus cases rise again | Coronavirus

Last spring, the novel coronavirus had Michelle Bourque worried. Not just because she feared catching it, although that was a big concern, but more because her 81-year-old mother was in Chateau de Notre Dame, a New Orleans-nursing home with one of the earliest confirmed clusters of the virus.

Locked out after the federal government recommended that nursing homes ban visitors, Bourque worried about her mom’s health and wondered why authorities weren’t doing more to test residents and staff and ensure stringent infection control procedures.

After all, the virus was taking a deadly toll on senior populations, thought to be among the most vulnerable, and health officials warned it would only get worse.

Bourque implored officials to give specifics on how they would fight the pandemic in long term

Read More

Home Values Rise Faster Than Any Period Since 2005

Zillow’s Real Estate Market Report found that the strong demand for housing in a market with tight supply propelled month-over-month and quarterly home value growth levels to reach numbers not seen since 2005.

According to the report, home value growth increase from 0.9% month-over-month to 1% from Sept. to Oct. which Zillow reports is the fastest rate of increase in 15 years. The report also stated that growth has only been higher on four occasions in the 24-year history of Zillow’s Home Value Index.

“The red-hot housing market of this summer and fall is now clearly reflected in soaring home value appreciation,” said Zillow senior economist Jeff Tucker. “We haven’t seen such steep, short-term appreciation since the summer of 2005, but this time it is driven by buyers with strong credit and incomes securing affordable fixed-rate mortgages, unlike the wave of poorly-vetted, exotic mortgages that financed the last boom. The

Read More

Reynolds gives $14M to Iowa care homes as virus cases rise

DES MOINES, Iowa (AP) — Gov. Kim Reynolds announced Thursday that she will provide $14 million in federal funds to Iowa’s long-term care centers to help them manage new outbreaks of the coronavirus at the facilities.

The federal virus relief money will pay for additional testing and staffing at the long-term care centers, and it comes at a time when Reynolds said another 20 facilities are dealing with outbreaks of the coronavirus. That means about a quarter of the state’s care homes now have outbreaks.

Infections at care centers can be especially devastating because older people are especially at risk of becoming seriously ill or dying of COVID-19. Reynolds noted that 74% of the people now being treated in hospitals for the virus are older than 60.

Reynolds said that “underscores the importance of taking measures to protect those most at risk whether due to age or underlying health conditions.”

Read More

Gold prices decline as appetite for havens dull despite rise in COVID cases

Gold futures on Thursday headed lower as demand for bullion appeared to subside, despite a worrying rise in cases of COVID-19 throughout the globe.

“Our gut continues to favor the bear track as gold and silver have been unable to forge noted recovery action off the aggressive vaccine washout, even though U.S. infections are exploding,” which should be “fostering some form of renewed flight to quality interest,” analysts at Zaner Metals wrote in a daily note.

A stronger dollar against some of its major currency rivals on the session also was blamed for some of the weakness in bullion. The buck was up 0.3%, as measured by the ICE U.S. Dollar Index
DXY,
+0.18%
,
a gauge of the currency against a half-dozen rivals. However, the popular index was on track for a weekly decline of 0.2%.

A stronger greenback can influence trading in assets pegged to the monetary unit,

Read More

U.S. existing home sales rise for fifth straight month

WASHINGTON, Nov 19 (Reuters) – U.S. home sales increased for a fifth straight month in October, but record-high house prices because of tight supply could slow momentum.

The National Association of Realtors said on Thursday that existing home sales increased 4.3% to a seasonally adjusted annual rate of 6.85 million units last month. Data for September was revised up to a rate of 6.57 million units from the previously reported 6.54 million units.

Economists polled by Reuters had forecast sales would fall 1.2% to a rate of 6.45 million units in October.

Existing home sales, which account for the bulk of U.S. home sales, jumped 26.6% on a year-on-year basis in October. Sales increased in all four regions last month and continued to be concentrated in the upper price end of the market.

The housing market is being driven by record low mortgage rates. The COVID-19 pandemic, which has seen

Read More