Despite rapid growth, these 3 US cities have deals for hopeful buyers

  • The pandemic has been a driver of rising home prices across the US as buyers compete for single-family homes and sellers remain reluctant to list.
  • Mansion Global reports that some luxe markets with big upticks in demand are still within reach for prospective homebuyers. 
  • Homebuyers and investors looking for property in Charleston, Park City, and San Francisco’s East Bay should act fast if they’re looking for a deal. 

The pandemic has been a driver of rising home prices across the US, as buyers compete for single-family homes and sellers remain reluctant to list amid volatility.

Luxury sales had been on a steady upswing dating from last October to this March, before they quickly went into reverse, according to a Redfin report. But the national median home price still set a new high this summer, as demand outstripped overall market supply, and the recent sentiment in major cities like New York is that the luxury market may be on its way back.

That said, some luxury markets still have deals on the offer, sitting in the sweet spot between just still affordable and with room for a return on investment. Mansion Global highlights three markets that have seen big upticks in demand. 

The takeaway is that investors looking for property in Charleston, Park City, and San Francisco’s East Bay should act fast if they’re looking for a deal. Read on to see why those markets stand out.

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Assam court holds 25 guilty in lynching of 73-yr-old tea garden doctor last year – cities

A court in Assam on Monday pronounced 25 people guilty in a case, where a mob had lynched a senior doctor around 13 months ago.

District and sessions judge Robin Phukan held 25 of the accused guilty for the murder of Dr Deben Dutta (73). The victim was the resident doctor of Teok Tea Estate (TE) hospital in Upper Assam’s Jorhat district.

The court acquitted six accused in the case, while another accused had died in judicial custody.

Also read: Two lynched, beheaded, set on fire over witchcraft suspicion in Assam

The quantum of punishment for the 25 accused will be announced next Monday (October 19).

An irate mob, mostly comprising tea garden workers, had assaulted Dr Dutta on August 31, 2019, holding him responsible for the death of a patient in Teok TE. He was rushed to the Jorhat Medical College, where he was declared brought dead.

The pictures of the assault, which soon went viral on social media, created a sense of terror among doctors posted in tea gardens across Assam.

At least seven doctors, who were working in tea gardens, had resigned within a week of Dr Dutta’s murder.

Police had arrested 32 people, including three brothers of the deceased patient, following the attack under various sections of Indian Penal Code (IPC) and the Assam Medicare Service Persons & Medicare Service Institutions (Prevention of Violence and Damage to Property) Act, 2011.

The incident was condemned by Indian Medical Association (IMA) and doctors in Assam also resorted to a one-day token strike in protest.

Assam chief minister Sarbananda Sonowal had also ordered an inquiry into the incident.

Investigation into the case was concluded within a record time of 21 days and a voluminous 602-page charge sheet was submitted on September 21, 2019.

Assam Police said this is the first case in the country, where witness identity concealment approach was used.

A total of 60 people, including tea garden employees, journalists, the slain doctor’s family members, police personnel and forensic experts were named as witnesses.

Witness identity concealment approach was applied to seven of the 56, who had deposed during the trial of the case.

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Road rage: Man rams car into bike after argument in Delhi’s Dilshad Garden – cities

New Delhi:

In a road rage incident in east Delhi’s Dilshad Garden early Monday, two friends received multiple injuries after their motorcycle was hit from behind by a car with whose driver they had an argument minutes earlier, police said.

The impact of the hit was such that both men riding the Royal Enfield motorcycle were left with multiple fractures. The Swift car itself climbed up a pavement after hitting the bikerss.

The car driver has been booked for attempt to commit culpable homicide but is yet to be arrested. “We have details of the suspect and are out to find and arrest him,” said a senior police officer who didn’t want to be identified.

The crime happened around 12.30 am on Monday when Juber, 23, and his friend, 22-year-old Siraj, were out to have soft drinks at a shop in Dilshad Garden.

Juber, who runs a milk shake shop and was riding his Royal Enfield motorcycle, told the police that he and his friend were having soft drinks at a shop when a Swift car taking a turn on the road hit the front tyre of his motorcycle.

“The two men hopped on to their motorcycle and chased the car before bringing it to a halt. An argument ensued between them, but other people intervened and separated them,” said the police officer.

While the two men began to return to the shop where it had all begun, the Swift car driver allegedly decided to chase them.

“We heard continuous honking from behind. We ignored it, but the car hit our motorcycle very hard from behind. Both of us were thrown off the motorcycle. The car climbed a pavement and ended up with a broken bumper,” Juber told the police.

When the car driver got off his vehicle to check his broken bumper, Juber said he saw that it was the same man with who they had an argument minutes earlier.

“People gathered at the spot and the driver took advantage of the situation to slip away with his car,” Juber told the police.

The car’s registration number plate had fallen at the spot, with the help of which the police identified the suspect. The police didn’t reveal his identity, pending his arrest.

The two injured men were rushed to a local hospital from where they were referred to Safdarjung Hospital. “They have suffered multiple injuries and are receiving treatment,” the officer said.

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Woman found murdered in Delhi’s Mohan Garden – cities

New Delhi:

A 26-year-old woman was found murdered with her throat slit and multiple stab wounds in her abdomen at her in-laws’ home in outer Delhi’s Mohan Garden near Ranhola on Saturday night, police said on Monday.

A case of murder was registered at the Ranhola police station and the matter is being probed from various angles, including personal enmity, robbery attempt going wrong and family dispute, officers associated with the case said.

“The first information report (FIR) was registered under Section 302 (murder) of the Indian Penal Code. Our probe is on,” said deputy commissioner of police (outer) A Koan.

The woman identified by her first name Manisha was married to Pankaj (first name) four months ago. The couple lived on the ground floor of a building, the first floor of which is occupied by Pankaj’s brother and his family.

Pankaj is a motor mechanic and repairs cluster buses, the police said.

A senior police officer associated with the case said Manisha’s body was discovered by her husband around 10 pm, when he returned home after work.

The husband told the police that he had left home for work around 9.30 am, leaving his wife alone at home.

According to Pankaj, when he returned home, he found the main door bolted from inside. But it did not make him doubtful because he had asked his wife to fasten the latch from inside before going to sleep as he usually returned home late in the night, Pankaj told police.

“Pankaj unbolted the door by reaching the latch through the window. He went inside and found his wife bleeding and unconscious on the floor. Items in the room were scattered on the floor,” the officer said, quoting Pankaj’s statement.

Pankaj raised an alarm, informed his brother and neighbours before calling the police control room. A police team reached there and took Manisha to a nearby hospital, where she was declared brought dead.

Police spoke to Pankaj’s brother and his family members. But they claimed that since the air cooler in their house was on, they did not hear Manisha’s screams. The neighbours also did not hear anything.

“The murder took place between 10 am and 10 pm on Saturday, during the period when the woman’s husband was away. Prima facie, it appears that the killer is known to the woman as there was a friendly entry in the house. The suspect knew how to fasten the main door’s rear latch through the window. Nobody has been given a clean chit, so far,” the officer said.

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Broadband, home office, garden: House buyers quit cities for home towns as remote working trend continuesworkig

House hunters are returning to their native counties as they turn their backs on city living and take advantage of remote working.

ew housing data show prices in the country’s regional towns have risen by almost 1pc in 12 weeks to €163,345, compared to less than 0.5pc experienced in bigger population centres. The average time to sell a property has fallen 30pc.

The trend confirms a change in buyer priorities for home-buying as the Covid pandemic has demonstrated that working from home is a viable option for tens of thousands of people.

The Irish Independent/ Real Estate Alliance (REA) Average House Price Index also shows that, nationwide, property prices continue to hold up.

The sale value of a three-bedroomed semi-detached house across the country has risen slightly – up by 0.6pc on average over the past three months to €236,046, a rise of 0.4pc compared to a year ago.

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A nationwide rush to buy has caused the average time taken to sell a property to tumble from 10 weeks in June to seven in September.

Buyers are expressly asking for homes based on broadband coverage, home office potential, and garden space rather than factors such as commuter-friendliness and transport links, which have previously dominated.

“Maybe one in five purchases is from people cashing in on their sales in Dublin and moving to larger houses down the country. People are making life-changing decisions to be based down the country,” said Harry Sothern, of REA Sothern in Carlow.

In a busy last period, REA Dawson in Tullow also reports selling a number of houses to clients who are now planning to work from home.

“It is clear that broadband is absolutely key for buyers and good amenities and space have become more important than transport links and commuting time,” said REA spokesperson Barry McDonald.

In Leitrim, property is now selling within five weeks of coming on the market.

REA agent Joe Brady is seeing clients buy in Leitrim with the intention of spending a maximum two days a week working in Dublin, a two-hour train journey away.

Properties with home office potential are being snapped up around the country, with REA Seamus Carthy in Roscommon having 43 potential buyers on a waiting list for homes with garden space priced between €350,000 and €500,000.

“All of the buyers are families who are either moving home or have decided to move out of bigger urban locations in search of more space and a better quality of life,” he said.

“We have also seen a resurgence in demand in coastal areas such as west Cork, Kerry, Waterford and Donegal as ­people realise that holiday homes can be more permanent.”

Meanwhile estate agents in the big cities and regions alike are reporting both a rush to buy and a reluctance to sell that is causing concern over market distortion.

In the cities, buyers are also anxious to conclude deals, but for different reasons.

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Broadband, home office, garden: House buyers quit cities for home towns as remote working trend continues

House hunters are returning to their native counties as they turn their backs on city living and take advantage of remote working.

ew housing data show prices in the country’s regional towns have risen by almost 1pc in 12 weeks to €163,345, compared to less than 0.5pc experienced in bigger population centres. The average time to sell a property has fallen 30pc.

The trend confirms a change in buyer priorities for home-buying as the Covid pandemic has demonstrated that working from home is a viable option for tens of thousands of people.

The Irish Independent/ Real Estate Alliance (REA) Average House Price Index also shows that, nationwide, property prices continue to hold up.

The sale value of a three-bedroomed semi-detached house across the country has risen slightly – up by 0.6pc on average over the past three months to €236,046, a rise of 0.4pc compared to a year ago.

Close

Click to view full size image


Click to view full size image

Click to view full size image

A nationwide rush to buy has caused the average time taken to sell a property to tumble from 10 weeks in June to seven in September.

Buyers are expressly asking for homes based on broadband coverage, home office potential, and garden space rather than factors such as commuter-friendliness and transport links, which have previously dominated.

“Maybe one in five purchases is from people cashing in on their sales in Dublin and moving to larger houses down the country. People are making life-changing decisions to be based down the country,” said Harry Sothern, of REA Sothern in Carlow.

In a busy last period, REA Dawson in Tullow also reports selling a number of houses to clients who are now planning to work from home.

“It is clear that broadband is absolutely key for buyers and good amenities and space have become more important than transport links and commuting time,” said REA spokesperson Barry McDonald.

In Leitrim, property is now selling within five weeks of coming on the market.

REA agent Joe Brady is seeing clients buy in Leitrim with the intention of spending a maximum two days a week working in Dublin, a two-hour train journey away.

Properties with home office potential are being snapped up around the country, with REA Seamus Carthy in Roscommon having 43 potential buyers on a waiting list for homes with garden space priced between €350,000 and €500,000.

“All of the buyers are families who are either moving home or have decided to move out of bigger urban locations in search of more space and a better quality of life,” he said.

“We have also seen a resurgence in demand in coastal areas such as west Cork, Kerry, Waterford and Donegal as ­people realise that holiday homes can be more permanent.”

Meanwhile estate agents in the big cities and regions alike are reporting both a rush to buy and a reluctance to sell that is causing concern over market distortion.

In the cities, buyers are also anxious to conclude deals, but for different reasons.

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New York among three ‘anarchist’ cities named by White House to lose funds

Protests have been continuing in Portland, entering their third consecutive month in SeptemberImage copyright
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Protests have been continuing in Portland, entering their third consecutive month in September

The Trump administration has named three cities that are slated to lose federal funding after the White House accused them of tolerating crime.

New York City, Portland and Seattle are on the list of “anarchist cities” that Trump officials say have failed to stem crime linked to a summer of protests.

It follows a memo from Mr Trump earlier this month, threatening the move.

The mayors of the cities have promised to sue, calling Mr Trump’s move a political stunt.

A statement from the Justice Department on Monday laid out recent crime rates in the cities and how their police responded.

“We cannot allow federal tax dollars to be wasted when the safety of the citizenry hangs in the balance,” Attorney General William Barr said in the statement.

He also called on Portland, Seattle and New York City to “reverse course and become serious about performing the basic function of government and start protecting their own citizens”.

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Getty Images

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Police cars in New York City were torched in May following the death of George Floyd

All three cities have seen major protests since the death of unarmed black man George Floyd in May.

It remains unclear what federal funding may be cut from the cities.

In a joint statement, the mayors of Portland, Seattle, New York and Washington DC – which was on a shortlist of “anarchist cities” but was not included in Monday’s decision – accused Mr Trump of “playing cheap political games with congressionally directed funds”.

The mayors called the decision “thoroughly political and unconstitutional” and accused the Trump White House of “shirking responsibility and placing blame elsewhere to cover its failure”.

Violent crimes have generally declined in US cities since the 1990s, but have risen steeply in the past year in several cities including Philadelphia, Chicago and New York.

  • Fact-checking Trump on crime in ‘Democratic cities’
  • Are US cities seeing a surge in violent crime?

What is happening in those cities?

The move comes amid a summer of unrest sparked by protests against the police killing of black Americans. Some of the protests have led to major police reforms around the country.

In New York City, the rate of shootings and murders have skyrocketed as youth programmes and other social organisations have been placed on hold due to the pandemic. Cases of looting and vandalism have also made national news as protests for racial justice have sometimes turned violent.

Reacting to the Justice department announcement on Monday, New York City mayor Bill de Blasio called the decision “another one of President Trump’s games,” adding: “It’s insulting to the people of New York City and his [Mr Trump’s] effort to withhold our funding is unconstitutional.”

Seattle permitted the establishment of a so-called “autonomous zone,” where protesters forbade police from entering six square blocks of the downtown part of the city for nearly a month. The

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9/11 Day And World Central Kitchen To Deliver 30,000+ Meals From Local Restaurants To First Responders And Healthcare Workers In 35 Cities Nationwide

NEW YORK, Sept. 11, 2020 /PRNewswire/ — In observance of the 19th anniversary of the September 11, 2001 terrorist attacks, now a federally recognized National Day of Service and Remembrance, 9/11 Day, founded by 9/11 families and others from the 9/11 community, and World Central Kitchen, a nonprofit organization founded in 2010 by chef and humanitarian José Andrés, are teaming up to deliver more than 35,000 meals from local restaurants to support first responders and frontline healthcare workers in more than 35 cities nationwide.

The program will provide a much-needed infusion of revenue for independently owned restaurants struggling as a result of the COVID-19 pandemic. 9/11 Day and World Central Kitchen said that the goal of the program is to ensure that at least 50 percent of the meals will come from minority-owned restaurants. 

“Preparing and sharing a meal is an expression of love,” said Nate Mook, CEO of World Central Kitchen. “Our aim is to create a groundswell of support for those working tirelessly on the front lines of the COVID-19 response while extending help and hope to restaurants and restaurant workers nationwide.”

Individuals can sponsor a meal for a first responder or healthcare worker for just $10.00 by visiting 911day.org. The Principal Financial Group Foundation has joined as a leading supporter of the program, helping to make those individual dollars go further with a grant of $250,000 made from the Principal Financial Group Fund.

Nationwide Day of Virtual Volunteering Planned for 9/11

Sponsoring a meal is one of 11 featured “good deeds” 9/11 Day will be promoting on its website this year as part of its nationwide day of virtual volunteering in observance of the anniversary of the 9/11 attacks on America. 9/11 Day is the nonprofit that successfully worked to establish the anniversary of the 9/11 attacks as a federally recognized National Day of Service and Remembrance (“9/11 Day”).

“This program is reminiscent of how, 19 years ago, meals arrived at fire stations and hospitals as a show of solidarity and appreciation from the community,” said Jay Winuk, 9/11 Day co-founder and 9/11 family member. “This year, anyone, anywhere can get involved by sponsoring a meal and supporting local businesses in the process.”

“Principal Foundation maintains our commitment to empowering underserved communities especially during these challenging times,” said Paula Juffer, Interim Principal ® Foundation Director. “This association with 9/11 Day and World Central Kitchen provides another opportunity to support minority owned small businesses as well as providing meals to over 200,000 first responders.”

Other major contributors to this program include Raytheon Technologies, Stifel, Turner Construction, Zurich Insurance, Citi Foundation, Bank of America, Kroger, Pfizer, and the Corporation for National and Community Service, a federal agency that oversees AmeriCorps and other national service programs.

For more information on 9/11 Day please visit 911day.org.

Emily Walsh/Omar Renta
9/[email protected]   

SOURCE 9/11 Day

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