Real Estate

Lennar agrees to buy luxury homebuilder WCI Communities for $643 million…or does it?

Agreement includes provision that allows WCI to seek better offer
WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced this week that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for quite the premium, but the company is seeking out a better deal.
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California Realtors getting nervous about housing market future

CAR's 2016 housing predictions came true, now what?
Now more than half a year into 2016, and the California Association of Realtors’ predictions that a shortage of available inventory and continued high costs would limit improvements in 2016 are coming true. And looking at the latest CAR report, it appears to be getting to Realtors.
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Dallas-area housing market facing new danger

Affordability crisis spreads across metroplex
In almost every housing or home price report, Dallas comes out in the top ten. In one study, cities in the Dallas metro even made up five of the top ten spots. That then begs the question: is the market overheating? Will Dallas become the next San Francisco? Is the much-vaunted housing market in the Big-D about to start getting Fs?
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Evictions in America: A tale of two cities

The approach of NYC versus San Francisco is enlightening
The contrast between how New York City and San Francisco have approached the affordable housing crisis is striking. Both cities are large metropolitan areas with little geographical room to build. But in once case city action led to an 18% decrease in evictions, in another it led to an increase of 32%. 
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Zillow ranks fastest appreciating housing markets

Incomes appreciating faster than homes for first time since 2011
Home prices in some metropolitan areas grew at almost triple the rate of the national average. Zillow laid out a list of the top five which, surprisingly, San Francisco was not on. While some areas are heating up, it seems California’s hot markets could be cooling down.
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Silver Bay Realty Trust loads up on more single-family rental homes

Acquires 320 homes for $41.5 million
Silver Bay Realty Trust, a real estate investment trust and one of the country’s largest operators of single-family rental homes, is expanding its portfolio. The REIT announced Wednesday that it plans to acquire approximately 320 leased homes located in Atlanta, Tampa and Orlando from an undisclosed seller for approximately $41.5 million in cash.
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