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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...
Dual Agency Is Illegal In Some States: Explained
Source: Quicken Loans --- You want your real estate agent representing your best interests, fighting to get the lowest sales price if you are buying a home or the highest if you are selling one. But what if you’re selling your home and your real estate agent is also...
‘Housing Market Crash’ Interest Soars as Americans Worry About Economy
Source: Newsweek --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
A ‘soft landing’ in the U.S. housing market is possible, says real-time data expert Altos Research
Source: Fortune--- High housing prices have been seen as a key inflationary driver over the past few months, and the direction that market takes now could be yet another indicator of where the economy is heading. The U.S. housing market is in a clear cooling-off...
3 misconceptions about the residential real estate market
Source: AZ Big Media --- Much like we experienced at the onset of the pandemic, the residential real estate market is having a moment where many are unsure of what to expect. Unfortunately, that has led to some misconceptions. We wanted to set the record straight....
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