Current News & Events
Q3 Home Prices Up in 77% of Metro Markets
Eight of the 10 most expensive markets were in California, led by the San Jose-Sunnyvale-Santa Clara metro at $1.9 million, up by 0.8% from one year earlier. Continue Reading Q3 Home Prices Up in 77% of Metro Markets
Commercial/Multifamily Borrowing Surged During Q3
Originations for office, retail, hotel, and multifamily properties fueled the year-over-year upswing. Continue Reading Commercial/Multifamily Borrowing Surged During Q3
Real Estate newsletter: Vineyards, mansions and hideaways
Source: LA Times --- Welcome back to the Real Estate newsletter. This week, we’re heading up and down the coast on a tour of California, taking in a handful of very-different-yet-still-all-incredibly-photogenic properties on the market. Our first stop takes us to wine...
Make the math of rental real estate add up for you
Source: Florida Today --- Q: What do you think about owning single family home rental real estate vs. investing in the stock market? A: I have seen several families do well with rental real estate, but only by owning several properties over many years (if not...
US real estate market may be cooling, depending on who you ask
Source: ABC News --- Just a few months ago, the real estate market was favorable to people selling homes. The amount of buyers was increasing, the number of listings were down and interest rates were dropping, it seemed, across the country. Now, brokers are saying the...
Guess How Many of Us Hope for a Housing Crash
Source: The Street --- With home prices and mortgage rates soaring, it would seem that something has to give. So it may not surprise you to learn that 78% of Americans expect a housing-market crash, according to a study by Consumer Affairs, a consumer information...
The Great Real Estate Tumble Of 2022
Source: Forbes --- “A 1970s Type of Housing Market is Possible in Future” We now have a “Triple Whammy” in 2022. In addition to the stock & bond market’s volatile woes, housing just delivered it’s worst two month hit since 2008 and wiped out over a year’s worth of...
Barings to buy Australian private equity real estate firm Altis
Source: Reuters --- HONG KONG, Aug 11 (Reuters) - U.S. asset manager Barings has signed a share sale agreement to acquire 100% of Altis Property Partners, an Australian private equity real estate firm, Barings announced on Thursday without disclosing the deal price....
Mark Cuban: Buying real estate in the metaverse is ‘the dumbest’ idea ever
Source: CNBC --- Buying digital land in the metaverse may not be the best use of your money, according to billionaire investor Mark Cuban. Although Cuban is a well-documented cryptocurrency enthusiast, he called purchasing virtual real estate in the metaverse “the...
City’s budget forecast includes $42.7 million increase in property taxes
Source: Chicago Sun Times --- Chicago property taxes will rise by $42.7 million — half of what an automatic escalator allowed — thanks to a $127.9 million budget shortfall for 2023 that’s the lowest in recent memory, Mayor Lori Lightfoot said Wednesday. By exercising...
In this state, seniors can now freeze their property taxes — here’s how
Source: Market Watch --- A new property tax relief law went into effect this week in Maine, which could be a boon for seniors in the nation’s oldest state that also has the fourth-highest homeownership rate. Under the “Property Tax Stabilization Program,” seniors who...
Zillow’s back in the seller leads business with Opendoor partnership
Source: Real Trends --- Last week, former rivals Opendoor and Zillow announced a partnership to provide Opendoor’s instant cash offers to Zillow’s audience. Why it matters: This is a big move for both companies. It reaffirms the continued relevancy of iBuying, gets...
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