10 Photograph courtesy of Compass. Where: 7686 Ballestrade Ct., McLean How much: $4,150,000 Listing agents: Patricia Hill-Tilch and Atlaf Mohamed, Compass Buyer's agent: Charles Chen, United Realty This gated French-style home spreads across 11,445 square feet on nearly an acre. Inside the three-story residence there's six bedrooms, six bathrooms, two half-baths, an elevator, five fireplaces, a theater room,
What to Expect in the Housing Market After the Pandemic
Zillow survey results indicate many of the features that have marked the pandemic-era housing market -- including heavy buyer demand, tech tool adoption and rising home prices -- are likely to persist
- Strong demand for homes is likely to continue, but there may be little change in the locations and types of homes Americans prefer.
- For-sale housing inventory should see a boost as vaccine distribution becomes more widespread -- 53% of housing experts Zillow surveyed think inventory will begin growing sometime this year.
- Digital tools that are making the home shopping experience easier and faster will continue to be in demand. About 79% of Americans say they would like to use 3D tours during their search.
The number of “million-dollar cities” in the U.S. surged 17 percent year over year during a period of pandemic-fueled buying, leading to the greatest net gain in such cities in at least a decade, according to Zillow.
Zillow’s analysis, which was released on Monday, revealed that there are now 45 more cities in the U.S. with a typical home value of at least $1 million than there were at the end of 2019, bringing the total in 2020 to 312. In contrast, 2019 actually saw a net loss of the number of million-dollar cities. That year, home values appreciated at their lowest annual rate since 2013.
This article originally appeared on ProPublica.
Sen. David Perdue, R-Ga., sold his Washington, D.C., home last year to a brokerage industry official whose organization is under the purview of a committee Perdue sits on.
The deal was made off market, without the home being listed for sale publicly.
Though an appraisal provided to ProPublica by the buyer found that Perdue sold for slightly under market value, four local real estate experts disagreed, telling ProPublica that the almost $1.8 million sale price Perdue garnered seemed high. Their estimates of the premium ranged from a few thousand dollars to as much as about $140,000. A fifth expert said the price was squarely fair market value.
Primary Content Credit: Jacquelyn Martin/AP
Sen. David Perdue, R-Ga., sold his Washington, D.C., home last year to a brokerage industry official whose organization is under the purview of a committee Perdue sits on.
The deal was made off market, without the home being listed for sale publicly.
Though an appraisal provided to ProPublica by the buyer found that Perdue sold for slightly under market value, four local real estate experts disagreed, telling ProPublica that the almost $1.8 million sale price Perdue garnered seemed high. Their estimates of the premium ranged from a few thousand dollars to as much as about $140,000. A fifth expert said the price was squarely fair market value.
The same year FINRA was lobbying the Senate on a bill, one of its board governors paid Perdue $1.8 million for his D.C. townhouse. Perdue sits on the Senate Banking Committee, which oversaw the bill.