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3 Real Estate Tech Investments Other Industries Can Learn From
Source: Inc.com --- Real estate has been a constant economic factor since the time of the pyramids. But its venerable nature has also meant that it can be slow to adjust to the times. The pandemic created a unique push that vaulted the real estate industry into the...
Real Estate Giant Compass Is Facing an ‘Existential’ Cash Burn Problem
Source: Vice --- The real estate company once seemed poised to revolutionize the industry. Now, it looks more like the WeWork of residential real estate. Not too long ago, the real estate company Compass looked poised to dominate the industry for years to come. With a...
REAL ESTATE CEO: RECESSION COULD BE “GOOD” IF “UNEMPLOYMENT … PUTS EMPLOYERS BACK IN THE DRIVER SEAT”
Source: The Intercept --- THE CEO AND president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate...
China’s Overextended Real Estate Sector Is a Systemic Problem
Source: Carnegie Endowment--- After discussing the troubled rural banks in Henan in my previous post, it is important to note that what happened in Henan was not the first adverse credit event to hit the Chinese financial system. It was just the most recent in the...
How to cut the biggest bill of them all . . . your mortgage
Source: The Guardian --- Spiralling energy, food and petrol prices, amid warnings of a recession, mean most households will be thinking about how to keep other costs as low as possible. So what should homeowners do about their biggest monthly outgoing – the mortgage?...
Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011
Source: CNBC --- Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it is the largest single-month decline in prices since...
