Tuesday, October 3, 2023
The Property Reporter
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    Property sales continue to grow

    Property sales continue to grow

    Dr Martens steps into global flagship store on Oxford Street | News

    Dr Martens steps into global flagship store on Oxford Street | News

    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Property Forum Awards 2023 – Shortlist announced

    Property Forum Awards 2023 – Shortlist announced

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Mitiska REIM raises €168 million | Property Forum

    Mitiska REIM raises €168 million | Property Forum

  • Retail
    Dallas Design District property sells to North Carolina investor

    Dallas Design District property sells to North Carolina investor

    Developers Are Hiring Private Security to Relocate Homeless

    Developers Are Hiring Private Security to Relocate Homeless

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    BPF calls for empty rates relief extension | Features and analysis

    BPF calls for empty rates relief extension | Features and analysis

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Vukile targets growth in rural retail

    Vukile targets growth in rural retail

  • Residential
    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

    The Evolution of PD&R National Housing Market Releases

    The Evolution of PD&R National Housing Market Releases

    Renovated San Antonio senior housing reopens with on-site clinic

    Renovated San Antonio senior housing reopens with on-site clinic

    Moline acquires abandoned properties to turn into housing

    Moline acquires abandoned properties to turn into housing

    Construction to renovate Archer School into affordable housing ramps up

    Construction to renovate Archer School into affordable housing ramps up

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    Annexation for south entrance property before Whitefish Council

    Annexation for south entrance property before Whitefish Council

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

  • Office
    A new office tower for a new office era

    A new office tower for a new office era

    Space leased at 18 Broad in Charleston > Charleston Business Journal

    Space leased at 18 Broad in Charleston > Charleston Business Journal

    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    US office prices headed for ‘severe crash,’ investors say

    US office prices headed for ‘severe crash,’ investors say

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

    Taking a closer look | News, Sports, Jobs

    Severe crash coming for US office properties, investors say

    Severe crash coming for US office properties, investors say

  • Industrial
    Bis Henderson merges consultancy and space arms to form Visku | News

    Bis Henderson merges consultancy and space arms to form Visku | News

    SJTA & IRG Reach Agreement on Industrial Development Lease in New Jersey

    SJTA & IRG Reach Agreement on Industrial Development Lease in New Jersey

    SEGRO appoints new European head of investment

    SEGRO appoints new European head of investment

    Tuas Mega Port – driving warehouse demand in West Singapore

    Tuas Mega Port – driving warehouse demand in West Singapore

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    2024 Pre-Roll Consultation Period is Underway

    2024 Pre-Roll Consultation Period is Underway

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Australian Property Journal’s sales and leasing transactions wrap

    Australian Property Journal’s sales and leasing transactions wrap

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Industrial Tenants Flee Sydney High Rents, Space Shortages

  • Hotel
    Uy inks debt-restructuring deal with Chinabank

    Uy inks debt-restructuring deal with Chinabank

    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

    County Durham’s Esh Group toasts healthy profits after year of headwinds

    County Durham’s Esh Group toasts healthy profits after year of headwinds

    Council hears more on Oasis sports complex

    Council hears more on Oasis sports complex

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    Paving the Way for Sustainable African Development

    Paving the Way for Sustainable African Development

    England’s Slow-Motion Debt Crisis Rolls Into View

    England’s Slow-Motion Debt Crisis Rolls Into View

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

  • Buying a Home
    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

    Seven Common Misconceptions People Have About Buying a Home

    Seven Common Misconceptions People Have About Buying a Home

    France’s Vantiva to buy CommScope’s Home Networks

    France’s Vantiva to buy CommScope’s Home Networks

    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    How buying a new home can save you capital gains tax on shares, MF

    How buying a new home can save you capital gains tax on shares, MF

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    How to buy a video doorbell

    How to buy a video doorbell

  • Selling a Home
    10 Best Selling Espresso Makers for 2023

    10 Best Selling Espresso Makers for 2023

    Top selling home in Tiverton

    Top selling home in Tiverton

    Top selling home in New Bedford.

    Top selling home in New Bedford.

    Australian grandmother scammed out of $750,000 after selling her family home

    Australian grandmother scammed out of $750,000 after selling her family home

    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandmother scammed out of $750,000

    Grandmother scammed out of $750,000

    Home battery owners earned up to £26 in trial for selling power to the grid

    Home battery owners earned up to £26 in trial for selling power to the grid

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

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  • Home
  • News
    Property sales continue to grow

    Property sales continue to grow

    Dr Martens steps into global flagship store on Oxford Street | News

    Dr Martens steps into global flagship store on Oxford Street | News

    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

    Hungary’s resi market in 2023 to copy results of 2022 | Property Forum

    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Property Forum Awards 2023 – Shortlist announced

    Property Forum Awards 2023 – Shortlist announced

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Mitiska REIM raises €168 million | Property Forum

    Mitiska REIM raises €168 million | Property Forum

  • Retail
    Dallas Design District property sells to North Carolina investor

    Dallas Design District property sells to North Carolina investor

    Developers Are Hiring Private Security to Relocate Homeless

    Developers Are Hiring Private Security to Relocate Homeless

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    PWD’s $75m Buy Sets Large Format Retail Sale Benchmark

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    BPF calls for empty rates relief extension | Features and analysis

    BPF calls for empty rates relief extension | Features and analysis

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Vukile targets growth in rural retail

    Vukile targets growth in rural retail

  • Residential
    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

    One of Utah’s largest deeply affordable housing developments, Ville 1659, fails

    The Evolution of PD&R National Housing Market Releases

    The Evolution of PD&R National Housing Market Releases

    Renovated San Antonio senior housing reopens with on-site clinic

    Renovated San Antonio senior housing reopens with on-site clinic

    Moline acquires abandoned properties to turn into housing

    Moline acquires abandoned properties to turn into housing

    Construction to renovate Archer School into affordable housing ramps up

    Construction to renovate Archer School into affordable housing ramps up

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    Annexation for south entrance property before Whitefish Council

    Annexation for south entrance property before Whitefish Council

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

  • Office
    A new office tower for a new office era

    A new office tower for a new office era

    Space leased at 18 Broad in Charleston > Charleston Business Journal

    Space leased at 18 Broad in Charleston > Charleston Business Journal

    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

    Cyclone Gabrielle: Final number of Category 3 properties revealed for Hawke’s Bay; ‘buyout office’ to be set up

    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    US office prices headed for ‘severe crash,’ investors say

    US office prices headed for ‘severe crash,’ investors say

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

    Taking a closer look | News, Sports, Jobs

    Severe crash coming for US office properties, investors say

    Severe crash coming for US office properties, investors say

  • Industrial
    Bis Henderson merges consultancy and space arms to form Visku | News

    Bis Henderson merges consultancy and space arms to form Visku | News

    SJTA & IRG Reach Agreement on Industrial Development Lease in New Jersey

    SJTA & IRG Reach Agreement on Industrial Development Lease in New Jersey

    SEGRO appoints new European head of investment

    SEGRO appoints new European head of investment

    Tuas Mega Port – driving warehouse demand in West Singapore

    Tuas Mega Port – driving warehouse demand in West Singapore

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    2024 Pre-Roll Consultation Period is Underway

    2024 Pre-Roll Consultation Period is Underway

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Australian Property Journal’s sales and leasing transactions wrap

    Australian Property Journal’s sales and leasing transactions wrap

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Industrial Tenants Flee Sydney High Rents, Space Shortages

  • Hotel
    Uy inks debt-restructuring deal with Chinabank

    Uy inks debt-restructuring deal with Chinabank

    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

    In the healing journey, sometimes luxury is just what the doctor ordered – eJewish Philanthropy

    County Durham’s Esh Group toasts healthy profits after year of headwinds

    County Durham’s Esh Group toasts healthy profits after year of headwinds

    Council hears more on Oasis sports complex

    Council hears more on Oasis sports complex

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

    Paving the Way for Sustainable African Development

    Paving the Way for Sustainable African Development

    England’s Slow-Motion Debt Crisis Rolls Into View

    England’s Slow-Motion Debt Crisis Rolls Into View

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

  • Buying a Home
    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

    Mansion Global Daily: Chinese Buyers Spent an Extra A$1 Billion on Australian Property

    Seven Common Misconceptions People Have About Buying a Home

    Seven Common Misconceptions People Have About Buying a Home

    France’s Vantiva to buy CommScope’s Home Networks

    France’s Vantiva to buy CommScope’s Home Networks

    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    How buying a new home can save you capital gains tax on shares, MF

    How buying a new home can save you capital gains tax on shares, MF

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    How to buy a video doorbell

    How to buy a video doorbell

  • Selling a Home
    10 Best Selling Espresso Makers for 2023

    10 Best Selling Espresso Makers for 2023

    Top selling home in Tiverton

    Top selling home in Tiverton

    Top selling home in New Bedford.

    Top selling home in New Bedford.

    Australian grandmother scammed out of $750,000 after selling her family home

    Australian grandmother scammed out of $750,000 after selling her family home

    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandmother scammed out of $750,000

    Grandmother scammed out of $750,000

    Home battery owners earned up to £26 in trial for selling power to the grid

    Home battery owners earned up to £26 in trial for selling power to the grid

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

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Home Buying a Home

Process of Buying a Home Is Making Half of American Cry, Survey Finds

PrR by PrR
2022-06-05
in Buying a Home
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Process of Buying a Home Is Making Half of American Cry, Survey Finds
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  • Half of Americans are crying as a result of attempts to buy a home, Zillow survey finds.
  • Almost two-thirds of Gen Z and 61% of Millennial buyers have cried during the process.
  • The home-buying market has become increasingly competitive because of low supply and all-cash offers. 
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Buying a home has become so challenging that half of Americans have reported crying at least once while going through the process, according to a new survey published by real-estate marketplace company Zillow. 

The report found that 65% of Gen Z buyers and 61% of Millennials reported crying while trying to buy a home. Meanwhile, Latinx buyers were far more likely to cry than black and white homebuyers.

“Buying a home is not like buying any other asset; it’s deeply personal and it’s emotional,” Zillow home trends expert Amanda Pendleton said in a statement. “When you make an offer on a home, you have likely envisioned your life there. If you lose out on that home to a stronger offer, it can feel like losing a future you have already started planning.”

The trends reflect an increasingly competitive market that continues to price out millions of homebuyers in the US, particularly millennials and Gen Z buyers more reliant on finance to fund a home against a rising tide of all-cash and investment purchases, regarded as more attractive to buyers.

In its 2021 Consumer Trends Housing Report, Zillow found 60% of homeowners had at least two offers on their homes, while the group found nearly half of all homes sold in April went for below asking price.

The market is being driven by increasingly competitive conditions that also include historically low levels of supply, though data from Realtor.com suggests inventories rose last month for the first time since June 2019.

The spectre of a


recession

is expected to throw cold water on rising prices, and is even forcing some luxury home buyers to change their behavior, but continued shortages and an expectation that prices will remain stable mean buying a home is unlikely to get easier.



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