Value of homes sold fell 43% in 9 months of 2020: Anarock

Homes worth about ₹88,730 crore were sold during the first nine months of the current year in the top seven markets, which was a decline of 42.5%, or ₹65,590 crore, over the same period last year, according to Anarock Property Consultants. The decline was attributed to the impact of COVID-19.

The total value of homes sold in the seven markets — Bengaluru, Pune, Hyderabad, Kolkata, Chennai, Mumbai Metropolitan Region (MMR) and Delhi NCR, stood at about ₹1.54 lakh crore in the same period of 2019.

Between January and September 2020, as many as 87,460 units were sold across these cities as against about 2.02 lakh units sold in the year-earlier period, as per Anarock.

MMR clocked sales of ₹49,313 crore, followed by Bengaluru (₹12,569 crore), Delhi NCR (₹9,430 crore), Pune (₹8,692 crore), Hyderabad (₹3,116 crore), Kolkata (₹2,833 crore) and Chennai (₹2,777 crore)

‘Worst is over’

However, it added that the

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Homes That Sold for Around $625,000

Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales.

The “list price” is the asking price when the property came on the market with the most recent broker. The time on the market is measured from the most recent listing to the closing date of the sale.

Brooklyn | 1 bedroom, 1 bath

A 625-square-foot prewar co-op, with inlaid hardwood floors, a living room with built-in bookshelves and a windowed eat-in kitchen, in a non-doorman walk-up limestone rowhouse.

38 weeks on the market

$729,000 list price

5% below list price

Costs $510 a month in maintenance

Listing broker Compass


Long Island | 2 bedrooms, 2½ baths

A

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Biden campaign had fly swatters for sale in less than two hours after the vice presidential debate, and they’re already sold out

The Biden campaign didn’t miss a beat trying to capitalize on the, um, buzz of the vice presidential debate.



"Truth Over Flies" fly swatter


© “From Team Joe Store”
“Truth Over Flies” fly swatter

Within minutes of the debate wrapping up Wednesday, the Biden campaign tweeted a photo of Joe Biden with a fly swatter and a caption that said, “Pitch in $5 to help this campaign fly.”

In case you missed it: A fly very noticeably landed on Vice President Mike Pence’s stiffly coiffed head as he debated Sen. Kamala Harris. The fly lingered, and the internet couldn’t stop talking about it.

Video: Fly lands on Mike Pence’s head during debate (CNN)

Fly lands on Mike Pence’s head during debate

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Two hours later, the Biden campaign website was peddling $10 “Truth Over Flies” swatters.

And within a few hours more, a campaign spokesperson said, the nearly 35,000 swatters had

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Photos: ‘Bonanza’ Ponderosa Ranch in Lake Tahoe sold for $38M

  • A 24-acre Lake Tahoe property that was previously used as a backdrop in the popular TV series “Bonanza” just sold for $38 million.
  • The sale makes it the highest-priced waterfront sale on the Nevada side of Lake Tahoe, according to Realtor.com.
  • The home on the property is 17,700 square feet and was built in 2004.
  • It comes equipped with a private beach, horse stables, a home theater, and as many fireplaces as there are bedrooms.
  • Visit Business Insider’s homepage for more stories.

The Cartwrights rode horses across television sets against a backdrop of pine trees and picturesque mountains on the Ponderosa Ranch from 1959 to 1973. And while “Bonanza” was fictional, the ranch was not.

The real Ponderosa Ranch, a sprawling 24-acre property in Nevada, looks a little different today. And it just sold for $38 million.

Realtor.com reported that the home’s high selling price makes it the most expensive

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Trophy $50M penthouse sold for 60% discount

Investor Wes Edens, co-owner of the Milwaukee Bucks, just scored a $30 million discount on a designer penthouse.

Edens, a co-founder of Fortress Investment Group, paid $20 million for a West Chelsea penthouse designed by the late starchitect Zaha Hadid.

The 6,853-square-foot pad in the curvaceous building overlooking the High Line at 520 W. 28th St. was originally asking $50 million. Edens paid $20.2 million, according to city records.

That’s a steep 60% discount. While real estate has taken a hit since COVID-19 emerged, residential units will still move if priced properly, said Donna Olshan, who first noted the penthouse was in contract in her weekly Olshan Luxury Market Report.

The sale “doesn’t say anything about market weakness because $50 million was a fantasy price based on a market that didn’t exist,” Olshan said.

“It wasn’t realistic,” she added. “Once the property was priced right, it moved. This isn’t rocket

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Homes sold two weeks faster in September due to unusual surge in demand

  • It took just 54 days to sell a home in September. That is the shortest time since realtor.com began tracking this metric in 2016. Back then it took 78 days.
  • The median price of a home sold in September was $350,000, up just over 11% annually.



a person standing in front of a building: People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic.


© Provided by CNBC
People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic.

Homebuyers hoping that a seasonal slowdown in the housing market would dampen rising prices can forget about it.

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More buyers piled into the fray in September, spurred by record-low mortgage rates and a pandemic-induced stay-at-home culture, pushing sales to an even faster pace.

In the first read on September

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The most expensive Houston homes sold in 2016






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Court clears way for Brooks Brothers Canada to be sold to new owner of Forever 21 and Lucky Jeans

An Ontario Superior Court judge has granted an order adding Brooks Brothers Canada Ltd. to its parent company’s U.S. bankruptcy proceedings, paving the way for the sale of the luxury clothing retailer’s Canadian assets.

The order, issued by Justice Glenn Hainey under the cross-border insolvencies section of the Companies’ Creditors Arrangement Act, allows Brooks Brothers Group Inc. to act as the Canadian retailer’s foreign representative.

It also recognizes the U.S. Bankruptcy Court Chapter 11 restructuring process as the foreign main proceeding and grants a stay against debtors.

The court approval clears the sale of the 202-year-old clothier’s Canadian assets — mainly inventory — to SPARC Group LLC, which purchased Brooks Brothers and its subsidiaries and affiliates for $325 million last month.

SPARC, which stands for Simon Properties Authentic Retail Concepts, is a joint venture between Authentic Brands Group and Simon Property Group.

Together, they’ve also scooped up American denim company

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Sold! Twin Cities homebuyers spur run on Duluth homes



a person sitting in a living room with a fireplace: Susan Dusek, a real estate agent for Edina Realty, posed for a portrait in the living room of a Tudor house for sale in the heart of the Congdon Park neighborhood in Duluth. More buyers than ever are relocating from the Twin Cities and other metro areas to Duluth as work-from-home options become permanent and the appeal of the outdoors lures younger buyers.


© Star Tribune/Star Tribune/ALEX KORMANN [email protected]/Star Tribune/TNS
Susan Dusek, a real estate agent for Edina Realty, posed for a portrait in the living room of a Tudor house for sale in the heart of the Congdon Park neighborhood in Duluth. More buyers than ever are relocating from the Twin Cities and other metro areas to Duluth as work-from-home options become permanent and the appeal of the outdoors lures younger buyers.

DULUTH – It was a busy Saturday for Mike and Chelsea Brandon, who had driven up from Eagan to find their next home.

After a blitz of seven viewings, the couple put in an offer on a charmer that checked all their boxes: two-car garage, a deck, and room for their two-year-old, Lochlann, to play.

“We just live outside, and that’s how we want to raise our son,” Chelsea said.

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“We like camping, the outdoors, the geography of

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Sold! Twin Cities homebuyers spurring a run on homes in Duluth

DULUTH – It was a busy Saturday for Mike and Chelsea Brandon, who had driven up from Eagan to find their next home.

After a blitz of seven viewings, the couple put in an offer on a charmer that checked all their boxes: two-car garage, a deck, and room for their 2-year-old, Lochlann, to play.

“We just live outside, and that’s how we want to raise our son,” Chelsea said.

“We like camping, the outdoors, the geography of the North Shore here,” Mike added. “Just getting out of the Cities.”

They’ll be back again this weekend — not to move in, but to keep looking.

“We competed with three other offers, and the winning offer went in with no inspection,” said their agent, Susan Dusek with Edina Realty. “And their house sold this weekend, so they will come up very ready to buy.”

More buyers from the Twin Cities and

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