Real Estate

For the past few weeks, Cedric Bobo, a former investment executive at the Carlyle Group, has spent the better part of his days on video calls, welcoming mostly Black and Hispanic students to paid summer internship programs. When he’s not welcoming them, he’s pitching the programs to real estate executives, hoping they’ll fund even more

AFP via Getty Images Amid the widespread economic pain from COVID-19, count America’s city centers as top victims. After all, far fewer people now come into these places for work or play. Moreover, the shift toward more teleworking will continue after this pandemic – and thus have long-term effects on real estate. City centers may

Forsyth Park in the historic district of Savannah, Georgia. Geoff L Johnson Ever thought about picking up and moving to a new city to switch things up a bit in your life? Savannah, Georgia is betting that offering a relocation incentive will entice tech workers who are ready for a fresh start. The Savannah Economic

GeorgePeters | Getty Images The number of borrowers seeking relief on their mortgage payments has fallen for the third straight week, as more Americans go back to work and cities reopen. As of June 16, 4.6 million homeowners were in forbearance plans, allowing them to delay their monthly payments for at least three months. This represents

The Stuyvesant Town and Peter Cooper Village private residential development (bottom C) is seen in New York. Shannon Stapleton | Reuters Manhattan apartment deals plunged more than 80% in May from a year ago, while South Florida saw a surge as lockdowns and coronavirus fears continue to weigh on New York real estate. The number

The view from the rooftop lounge at Steel Works, Harrison, N.J. Advance Realty Investors The arrival of COVID-19 quarantines was ideally timed to put new proptech developments to the test. From video conferencing to virtual touring, tech-enabled advancements in real estate have experienced a workout, many coming through big-time in the clutch. Property managers and

You can hire a pro, or you can do it yourself. Universal Images Group via Getty Images The three Ts of home maintenance, says Dan DiClerico, home expert for Home Advisor, are: Time, Tools and Talent. “To do a project yourself, you have to have all three,” he says. “It used to be that time

ullstein bild | Getty Images If millennials once piled into the cities, fueling downtown renewal and growth, apparently they are now piling out. The stay-at-home orders brought on by coronavirus have more potential homebuyers looking for properties in the suburbs. Millennials are now the largest cohort of buyers.  As the real estate market began to

Unlike traditional home-equity based loans, Noah provides debt-free financing in exchange for a … [+] share of the home’s appreciation or depreciation over a decade. Getty An alternative medicine practitioner, Tracy has partnered with more than 100 supplemental brands throughout her career, representing them at various engagements and helping them find space on the shelves

Single family house on pile of money. Concept of real estate. Getty In the wake of the pandemic, mortgage interest rates have plunged to near-record lows, which has lead to an unprecedented boom in the mortgage refinance industry. However, as more and more people rush to refinance, it’s important to remember that securing a good

Buyers are rushing back into the housing market, enticed by record low mortgage rates and a pandemic-induced need to nest like never before. Mortgage applications to purchase a home rose 4% last week from the previous week and were a remarkable 21% higher than one year ago, according to the Mortgage Bankers Association’s seasonally adjusted

Balance home and money, home loan, reverse mortgage concept : A man hand put us dollar money bag … [+] into scales on table with green nature as background. Savings, investment, loan for plan in the future. Getty It has been 12 years since the U.S. government took over Fannie Mae and Freddie Mac when

Founders: Ian Brady, Mike Cagney, James Finnigan, Dan MacklinCEO: Anthony NotoLaunched: 2011Headquarters: San FranciscoFunding: $2.3 billionValuation: $4.8 billionIndustry: Banks, financial institutionsPrevious appearances on Disruptor 50 List: 5 (No. 26 in 2019) George Kavallines The coronavirus pandemic has stopped many industries in their tracks but has accelerated the need for others. Count digital finance in the latter category, as consumers have lost

Google logo is displayed on the company’s headquarters in Chelsea section of New York City. (Photo … [+] by Ramin Talaie/Corbis via Getty Images) Corbis via Getty Images The coronavirus might have convinced the major tech CEOs to order their work force to stay at home until a vaccine is approved, but my bet is

WeWork CEO Sandeep Mathrani told CNBC on Tuesday that the company is in discussions with private schools in New York City about conducting classes in its office spaces this fall.  “To allow them to get started, they can go into some of our WeWork locations, which sort of fit well as classrooms,” Mathrani said in an interview

Two-thirds of sellers would accept a lower offer, LendingTree finds. Those most likely to do so are … [+] millennial sellers (78%), followed by Gen Xers (67%) and baby boomers (55%). Getty Despite the recent surge of bidding wars in quickly rebounding housing markets, in late April, nearly 70% of home sellers said they would

Construction workers install frames for windows and doors in a home being built in Bloomfield Hills, Michigan, on Thursday, May 7, 2020. Emily Elconin | Bloomberg via Getty Images A faster-than-expected turnaround in homebuyer demand, following a sharp drop-off at the start of the coronavirus pandemic, has the nation’s homebuilders bullish on their business again.

Founder: Vishal Garg (CEO)Launched: 2016Headquarters: New York CityFunding: $254 millionValuation: N/AKey technologies: AI, cloud computing, machine learningIndustry: Digital mortgagesPrevious appearances on Disruptor 50 List: 0 George Kavallines This digital mortgage company has seen a 200% increase in applications since the coronavirus pandemic began in the U.S., funding $1 billion in mortgage loans in March and $1.4 billion in April. The New

House plants can help purify the air in your home or apartment. Getty Houseplants help create a welcoming environment in your living space. They can also improve your home’s indoor air quality, which is especially beneficial when so many of us are spending so many more hours indoors. NASA did a study on plants’ power

null Getty According to a survey released Monday, chief financial officers are targeting real estate expenses for further cost cuts heading into the second half of the year in the latest indication that the expansion of remote work is here to stay. According to survey respondents, real estate costs will be among the leading areas

African american female real estate agent in kitchen showing gay couple around new house Getty For the most part, the coronavirus pandemic has radically changed how the real estate industry functions. With that in mind, even as states are beginning to slowly reopen, potential buyers should expect a slightly different house hunting experience than they

Photo: Getty Lately, everyone has been asking the same question: Where is the housing market going? I decided to create my own index to help us think about the impact of the coronavirus pandemic on real estate in a new manner. These are the criteria for my post-pandemic housing index. I assigned each criterion a

Photo: Getty There’s a hidden secret in real estate: Single-family houses are evaluated based on market comparables (“comps”), while the real power of real estate lies in the profitability of commercial residential properties and knowing how to force equity. One of the largest purchases in most Americans’ lives is their residence. Be sure your largest

Actress Michelle Williams purchased this Brooklyn home in 2015. Lisa Chamoff As the COVID-19 pandemic brought New York City to a near standstill three months ago, my world, like that of many of my neighbors in Brooklyn, shrank to the several walls of my apartment and about as many blocks. On the days when the

Passengers wait to disembark the plane on their arrival at Hartsfield-Jackson Atlanta International Airport in Atlanta, on April 23, 2020. Chandan Khanna | AFP | Getty Images As the U.S. economy makes further progress in recovering from the harsh blow of the coronavirus pandemic, certain industries are showing signs of recovery. Home purchases are up

Getty It began with a form letter that a large company sent to all its landlords. In that letter, the company said the coronavirus closures had decimated its revenues, so the company asked the landlord to defer all rent for April through July 2020, a total of four months, with repayment to start at some

Stord As large swaths of the country began shutting down in mid-March, 23-year-old Sean Henry was finalizing his company’s first acquisition. Atlanta-based Stord, a cloud-based warehousing platform, had spent months finalizing plans to buy transportation provider Cove Logistics to build out its freight capabilities. “The market has changed since we originally made this decision and

Marina Pointe is among the new highly walkable communities along waterfronts in Tampa, Fla. BTI Partners Back in the 1970s, between years of grad school, I rode the rails around the country on an Amtrak railpass. When the pass and my cash expired, I found myself in Tampa. I got a room at the fleabag

Demonstrators cross the Brooklyn Bridge on June 4, 2020. Justin Heiman | Getty Images Corporate America has joined protesters in condemning the death of George Floyd at the hands of police and calling for action to confront racial injustices and racial inequalities in the United States. “There are in fact barriers that are faced by

Housing is making a comeback post-COVID, thanks to surging demand and rising home prices. Getty If two months of rising mortgage applications weren’t indication enough, a new report is: the housing market is well on its way to recovering from the recent slump caused by the COVID-19 pandemic. According to the Market Recovery Index from