cities

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

25 Most Expensive Cities in the U.S. to Buy a House

In this article we take a look at the 25 most expensive cities in the US to buy a house. Click to skip ahead and jump to the 10 most expensive cities in the US to buy a house. 

Statistically, it is very unlikely that the person reading this article actually owns their own home, especially if they are residing in the United States. The median age of a home buyer in the US is now 47, which is a significant increase over the previous decades. Go back less than 40 years and the age was just 34, showing how owning a home has become more and more impossible for people in the US as time has gone by. In just the 9 years after the financial crash in 2009, the median age had increased by 8 years. In real terms, the US housing prices has increased by 45% in just the last 8 years.

While the recession has been one of the main reasons behind the increase in the median age of purchasing, another factor is student loans. People in the US owe over $1.4 trillion in student loans alone, with interest payments alone eating into their savings. There are tons of stories about people paying off tens of thousands of dollars in student loans, only for the amount to increase, since they only paid off part of the interest, not even denting the principal.

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In the larger US cities, which are the focus of this article, home prices have increased drastically, pricing out most people. Meanwhile, home builders have decided to concentrate more on people on the richer end of the spectrum, again leaving out the average Joe being unable to buy his own property. Some of the prices are really obscene; in San Francisco