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Amazon faces unanswered questions in affordable housing effort | Development

Amazon faces unanswered questions in affordable housing effort | Development
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Share of Built-for-Rent Housing Expected to Double by 2024

Professional Builder provides the home building industry info and best practices about construction, design, management, sales and marketing, and products.

Images released for MetroCenter project

Edgehill residential project sales hit 50% mark Nashville based CA South and The Bradley Development Group have announced today that they are officially 50 percent under contract with Alina in Edgehill. Located at 806 Olympic St., Alina offers 50 contemporary condominium residences. Remaining residences are priced from the high $200,000s to the high $400,000s and range in size from 735 square feet to 969 square feet. Alina is represented by Nashville Compass agents Katie Morell, Angela Wright and Ron Hodges. “We have the strong tailwinds of low inventory, people flooding to Nashville for a bright job market, favorable taxes, a robust stock market, and the vaccine rollout Alina’s success is proof that Nashville is showing up to buy condos,” Heather Gustafson, managing director at Compass, said in the release.

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Provided by Dow Jones By Ryan Dezember | Photographs by Jeff Lautenberger for The Wall Street Journal A bidding war broke out this winter at a new subdivision north of Houston. But the prize this time was the entire subdivision, not just a single suburban house, illustrating the rise of big investors as a potent new force in the U.S. housing market. D.R. Horton Inc. built 124 houses in Conroe, Texas, rented them out and then put the whole community, Amber Pines at Fosters Ridge, on the block. A Who s Who of investors and home-rental firms flocked to the December sale. The winning $32 million bid came from an online property-investing platform, Fundrise LLC, which manages more than $1 billion on behalf of about 150,000 individuals.

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