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The hottest housing market in the US right now is Manchester, New Hampshire, Realtor.com has found.
One local broker told Insider he s never seen this much activity in his 47-year career.
Manchester s relatively affordable homes attract Boston commuters, who kick off bidding wars.
A $350,000 house hit the market in November. After a hectic weekend with 42 showings, Jeff Nyhan , a real-estate broker, told Insider that 33 offers flooded in. The home sold for well over its asking price.
This kind of mad rush over a coveted property is now typical in Austin and Miami, which have been notoriously competitive hot spots that buyers have flocked to during the pandemic.
Brooklyn Vs Manhattan Apartments Rent History: Which Is Cheaper? businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.
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NYC landlords are yanking apartments off the market amid low rents and demand, The WSJ reported.
They re trying to prevent New Yorkers from locking in deals, betting on a spring-summer rent rebound.
Experts told Insider rents won t fully rebound until the city fully reopens likely 2022.
New York City real estate is a finicky game: Apartment-hunting New Yorkers have been scoring deals left and right, but some landlords are trying to beat the discounts by holding empty apartments until prices rebound.
They ve been yanking empty apartments off the market while demand and rent are low, a practice known as warehousing, The Wall Street Journal s Will Parker reported. While warehousing is a typical approach when demand is down, Parker wrote, it s reached new heights amid the work-from-home economy and stronger tenant eviction protections.
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One of the biggest long-term investments you can make in your business is to buy property.
Insider interviewed experts and compiled seven things to keep in mind before settling on a place.
From finding properties to securing funding, here is a guide for businesses looking to buy in 2021.
When the pandemic hit the US, Christina Stembel calculated that her flower-delivery business had eight weeks of runway, even after it furloughed all but six of her 197 employees. Everything I built in the last decade of my life could be taken away, said Stembel, who founded Farmgirl Flowers, a San Francisco Bay Area bouquet startup, in 2010. I didn t mismanage money or make a mistake. It was just out of my control.