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Is a Water Softener a Good Investment? Weigh the Hard Facts

Posted by: | Posted on: August 8, 2020

Take a look at your sink, washing machine, and teakettle. Do you see stubborn soap scum and mineral deposits that can only be removed with extra scrubbing? Hard water is the culprit.

To achieve crystal-clear water glasses and streakless pots and pans, many people install a water softener.

“Water softeners are a great investment if your water supply is high in mineral content, a condition known as hard water,” says Paul Abrams, a spokesperson for Roto-Rooter Services in Cincinnati.

A whopping 90% of households have hard water, which contains high levels of calcium and magnesium.

Water softeners work by replacing those minerals with a softer mineral of sodium or potassium, and can transform your everyday water experience.

But a water softener isn’t cheap. A high-end water softener will cost about $1,800, while installing it can cost anywhere from $400 to $4,000. So is buying a water softener worth

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Expired Unemployment Benefits Impact Affordable Housing Owners

Posted by: | Posted on: August 8, 2020

The additional $600 in unemployment benefits have expired, and apartment owners are concerned about how it will impact rent collections. Affordable housing developers in particular are susceptible to declining rent collections as a result of the expired benefits. Many apartment owners, including KIMC, have advocated for additional stimulus.

“I am certainly worried about it,” Jonathan Needell, president and chief investment officer of KIMC, tells GlobeSt.com. “We are building a bridge over a ravine, but we don’t know where the other end is. We need the stimulus so that we can keep laying bricks to get us across the ravine. Unfortunately, we are on a half-done bridge in the middle. So, we definitely need something. There are some non-profit groups and private groups paying rent for affordable housing, and they are good groups doing good work; but the unemployment benefits are a big deal.”

While no new stimulus has

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‘House Party’ Podcast Exclusive: HGTV’s Orlando Soria Dishes on ‘Build Me Up,’ the Feel-Good TV Show We All Need Right Now

Posted by: | Posted on: August 7, 2020

“House Party” is realtor.com®’s official podcast about the overlapping worlds of real estate and pop culture, hosted by Natalie Way and Rachel Stults. Click the player above to hear our newest episode.

If you’re a listener of this podcast, you know how we love our HGTV shows. And our newest obsession is one that we can pretty much guarantee will make you laugh, cry—basically, you’ll feel all the feels.

The show is called “Build Me Up,” with host and design guru Orlando Soria. On each episode, he works with homeowners undergoing big life changes, and uses the power of interior design to help them make a fresh start.

We got the inside scoop from Soria about how the show came to be, his favorite design tricks—and the

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Kayne Anderson Capital Advisors Acquires $1B Healthcare Portfolio

Posted by: | Posted on: August 7, 2020

TOLEDO, OH –  Kayne Anderson Capital Advisors’ private equity real estate division, Kayne Anderson Real Estate has purchased a healthcare portfolio from Welltower in a $1 billion transaction.

The acquired portfolio comprises 34 properties, encompassing 27 medical office buildings and seven senior housing communities. The medical office buildings are located throughout the US and each of the senior housing communities are located in Florida.

The REIT previously reported that the blended cap rate on the seniors housing properties was 5.8% on a trailing 12-month period and the outpatient medical assets sold at a 5.45% on a trailing 12-month NOI.

Kayne Anderson Real Estate, alongside its operating partners, MB Real Estate and Discovery Senior Living, will own and operate the portfolio.

The senior housing assets were financing by Wells Fargo Bank through its Freddie Mac Seller Servicer business. Capital One Bank NA led the financing syndicate for the medical office assets.

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Attention Home Buyers: Foreign Buyers Purchased Fewer U.S. Properties

Posted by: | Posted on: August 6, 2020

There’s a surprising amount of competition in the housing market this summer—even as the coronavirus pandemic rages on. But buyers aren’t likely to find themselves sparring with foreign shoppers and investors.

The number of purchases from international buyers dropped 16% compared with last year, as they closed on just 3% of existing homes (previously lived-in residences), according to a recent National Association of Realtors® report. They spent about $74 billion in total on their purchases, down 5% from the previous year.

“Foreign buyers stepping back a bit is good news for domestic buyers, who have a better chance of getting the property [they want,]”
says NAR’s chief economist, Lawrence Yun.

The NAR report is based on a survey of 11,615 Realtors conducted from May 21 through June 24. It measured sales to foreign buyers who live in the United States, such as recent immigrants and visa holders, who

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