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* Fannie Mae said it would expand the types of mortgages it will purchase that rely on a cheaper alternative to title insurance, one of the biggest fixed costs tied to closing a mortgage. The alternative, called an attorney-opinion letter, allows a real-estate attorney to essentially attest that there are no problems with a property’s title. The average borrower relying on such a letter has saved more than $1,000 compared with more traditional title insurance. Attorney-opinion letters were once widely used, but title insurance grew in popularity because there were limited options for recovering losses from the attorneys issuing opinion letters. (WSJ)
* Over the past year, remote workers were promoted 31% less frequently than people who worked in an office, either full-time or on a hybrid basis, according to an analysis of two million white-collar workers by employment-data provider Live Data Technologies. In the online survey of 1,325 CEOs of large companies in 11 countries, conducted last year by professional-services firm KPMG, almost two-thirds of respondents said they expect most employees will be working in offices full-time in another three years. Maybe a good time now to buy (deeply) discounted office buildings? (WSJ)
* Empty-nesters own 28.2% of large homes nationwide, twice as many as millennials with kids, who own just 14.2% of the US’s large homes. Gen Zers with kids own almost none (0.3%) of them. (MANSION)
* Rising alcohol and tobacco prices pushed UK inflation back above 4%. Food and non-alcoholic beverage prices dipped. (CNBC)
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Vacant Land | .52 Acre | $1,195,000 | Julie Whitmer
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COMING SOON! Welcome to an incredible opportunity! This prime location is a standout feature, with the Round Hill Country Club just a stone's throw away. In addition, the convenience of nearby freeway access ensures that the best of Alamo and surrounding areas are within easy reach. The .52 acre flat lot, with its desirable zoning, presents an excellent opportunity for those looking to build a custom home or develop a multi-family residence. Whether you envision a tranquil retreat or an entertainer's paradise, this land offers the opportunity to bring your vision to life.
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336 Merrilee Place, Parcel B
Vacant Land | .86 Acre | $1,495,000 | Julie Whitmer
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COMING SOON! Discover the perfect canvas for your dream home in the heart of the Greenbrook area. This remarkable parcel spans 37,713 sq ft and awaits the realization of your vision. Nestled in a tranquil setting, the land offers breathtaking views that promise to enhance your everyday living experience. Whether you envision a modern masterpiece or a traditional sanctuary, this vacant land offers endless possibilities.
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5 Bed | 5+ Baths | 4,626 Sq Ft | $5,399,000 | Compass Listing
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Surrounded by towering pine trees and bubbling seasonal creek sits an extraordinary brand-new mountain modern home in Olympic Valley, CA. Built on a sun-drenched, private, and level lot, this expansive 4,626 sq. ft. property offers ample space for living, entertaining and extended family stays. Complete with 5 bedroom suites, 2 additional half baths, spa-inspired bathrooms, an expansive walk in closet in the primary bedroom and thoughtful design elements throughout. The gourmet kitchen features premium appliances, oversized chef's island and butler’s pantry. Floor-to-ceiling windows flood the home with abundant natural light and the stunning views can be enjoyed from every corner. Signature to this home is the thoughtfully designed floor plan that seamlessly blends indoor and outdoor living, with 1000 sq. ft. of outdoor space for you to revel in the tranquility and beauty of Tahoe. Three decks, including a covered lower deck, provide the perfect setting for relaxing and taking in the breathtaking views.
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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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