Current News & Events
Blackstone Quietly Offloading $1.8 Billion Senior Housing Portfolio at a Loss
Blackstone has been selling off the properties in a series of one-off transactions. Continue Reading Blackstone Quietly Offloading $1.8 Billion Senior Housing Portfolio at a Loss
Apartment Rents Record Greatest October Decline in Over 15 Years
On an annual measurement, rent growth slowed to 0.8%. Continue Reading Apartment Rents Record Greatest October Decline in Over 15 Years
S.F. corruption: Real estate mogul with deep political ties found guilty of bank fraud
Source: SF Chronicle --- Politically connected San Francisco real estate mogul Victor Makras was found guilty Friday of bank fraud and making false statements to a bank, the latest conviction in the tangled web of San Francisco’s City Hall corruption scandal that has...
Respected analyst predicts ‘overvalued’ San Francisco Bay Area home prices may drop
Source: SF Gate --- A respected analyst is issuing a warning for the San Francisco Bay Area: Homes are overvalued, especially in this cooling real estate market. Mark Zandi, the chief economist at the venerated firm Moody’s Analytics, told Fortune in a report...
Anywhere Real Estate slashes staff
Source: The Real Deal --- Anywhere Real Estate has joined the slew of firms making cuts to weather an uncertain market. The company formerly known Realogy didn’t disclose which departments were affected or how many people lost their jobs, Inman reported. Employees of...
Inside Tiger Woods’s Luxe Real Estate Portfolio
Source: Architectural Digest --- Tiger Woods’s talent on the golf course has been unstoppable ever since he first broke onto the scene in the late 1990s. Along with his professional success came an appetite for luxury real estate. The pro athlete has come a long way...
Should You Wait for Real Estate Prices to Crash Before Buying a Home?
Source: Realty Biz News --- Many people remember the financial and housing crises of 2007 and 2008. That’s when the overheated housing market didn’t just slow down but instead went into a tailspin with millions of home prices dropping below the amount of the mortgage....
DOJ: Warren Buffett’s company discriminated against Black homebuyers in Philly, NJ, Delaware
Source: The Philadelphia Inquirer --- NEW YORK — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett’s company discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice...
Report: Home Prices Could Dip in 183 Markets
Source: Newsmax --- Home prices could fall in 183 ''overvalued'' markets if the housing recession continues, according to data mapped out from Moody's Analytics. The map shows that 183 of the 413 top housing markets are ''overvalued'' by more than 25%, which some...
Best Real Estate Stocks to Buy in 2022
Source: Best Stocks --- Real estate is a stable, long-term investment. The sector is also fragmented, making it an ideal place to find smaller stocks that can offer high returns. The broad commercial real estate market offers opportunities in almost every segment. As...
Big chill: US homebuying cooldown is intensifying
Source: The Orange County Register --- The nation’s homebuying slowdown is intensifying. The National Association of Realtors’ index of contract signings to purchase previously owned homes decreased 1% from a month earlier to 89.8. That followed a nearly 9% decline in...
Real estate tech startup Reali to shut down after raising $100M one year ago
Source: Tech Crunch --- Startups that are catering to homebuyers are struggling as interest rates and inflation have climbed and inventory shortages continue in many markets. The latest casualty in the space is Reali, which announced that it has begun a shutdown and...
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