In the COVID era, smart phone-enabled self touring is allowing property managers to fill more … [+] apartments. (Photo by Dinendra Haria/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images A second novel coronavirus surge currently sweeps the land. Herd immunity remains at least months off. Apartment building vacancies continue climbing. And according to
Real Estate
For a myriad of reasons, millennials, America’s largest generation, are becoming homeowners later in life and at lower rates than the generations of Americans that preceded them. The rapid expansion of the middle-class after World War II made owning a home easier and, ultimately, a symbol of the American dream. But according to the Urban
An undated photo of Jeff Fluhr, a StubHub cofounder who is angling to buy the business back. JEFF CHIU/AP The tangled saga of the ticketing marketplace StubHub grows messier still. In February, at the very start of the pandemic, StubHub was acquired for $4.05 billion by Viagogo, a European rival founded by one of StubHub’s
Market downturns can be a prelude to profitability if you have the funds to take advantage of it. During a market downturn, real estate becomes more affordable. However, just like other assets, commercial real estate (CRE) investors need to find that sweet spot to get in just as the property values start to rise. The
Jb Reed | Bloomberg | Getty Images The average interest rate on the popular 30-year fixed mortgage has set a record low 13 times so far this year. It did it again last week. That has given current homeowners unprecedented potential to save on their monthly payments through a refinance. With the latest record low
Globally, the use of renewable energy grew in 2020, representing about 90% of the total power capacity added for the year according to the International Energy Agency. In addition, renewables are positioned to overtake coal this decade as the most popular way to generate electricity. The Sanders Institute shows that solar is now cheaper than
People walk into a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency | Getty Images Covid-induced demand from homebuyers over the summer caused an exceptionally strong spike in home prices. Values jumped 7% annually in September, up from a 5.8% annual gain in
Raleigh, North Carolina is Knock’s newest market getty Knock Home Swap™ is a timely solution for home sellers who are also home buyers to bid competitively in today’s market. By using Knock Home Swap homeowners can buy their new home before selling their old home knowing with approved Knock financing, they are essentially cash buyers.
Nothing To See Here Tim Tadder Fine art photography is something many people enjoy collecting and displaying on the walls of their homes. But unlike other types of art, buying it isn’t always such a straightforward process because unlike paintings or sculptures, photography is easily reproduced. But that doesn’t mean you should avoid investing in
During the mortgage bubble in the early 2000s, when investors were feverishly trading faulty subprime bonds, a few savvy skeptics recognized the bonds were doomed, so they bet against them. They shorted the bonds and made billions. Now one of those players is doing the same thing, but not on subprime. He’s doing it based on
Today’s active seniors are seeking entertainment and educational amenities, such as this art class … [+] at a Revel Communities property. Revel Communities With the promise of COVID-19 vaccines on the horizon, there’s hope the nation can return to some kind of normalcy in the coming year. Eyeing the post-pandemic world, lockdown-weary active seniors are
Raleigh North Carolina is among the ten highest-ranked markets “for overall real estate … [+] prospects.” getty Urban Land Institute and PwC’s latest real estate trends forecast is news. ULI and PwC’s 2021 Emerging Trends in Real Estate® offers deep dives and insights into all sectors of the U.S. and Canadian real estate markets. It’s
With COVID-19 protocols, most home buyers are more serious. getty The New York City real estate market has been in flux for months, but the safeguards created to protect homebuyers, agents and sellers from the novel coronavirus has created a silver lining — they’ve decreased the number of so-called “lookie loos,” the term for people
Mortgage interest rates just keep dropping getty For the 13th time this year the mortgage interest rates have reached the lowest point in recorded history. Freddie Mac reports 30-year, fixed rate loans were as low as 2.72% over the past week. That is down from their previous low of 2.78% earlier in the month. Typically
CEO, Americas at The Instant Group overseeing the company’s expansion throughout the Americas. getty While the retail landscape has experienced a dramatic evolution over the past two decades, commercial real estate, particularly office space, has been notoriously slow to adapt — that was, until March. These past eight months have propelled office real estate 10 years into
In Paradise Valley, Arizona, this 6,337-square-foot, five-bedroom home at 5237 E. Solano Drive is … [+] currently listed at $9.3 million. Designed by architect Bing Hu, the property features an elevator, a five-car garage, an outdoor glass pool, and a separate yoga studio/guest house. Robert Joffe of Launch Real Estate has the listing. Launch Real
Instead of sending your old kitchen to he landfill, consider recycling it while aiding a good cause. … [+] getty Steve Feldman was a veteran rock and roll disc jockey who, in 1998, left radio to raise money for addict recovery programs. A self-proclaimed recovering addict, Feldman had one important donor in Greenwich, Connecticut who,
The DB11 Aston Martin Aston Martin The Miami building that made a name for itself as the first residential building to partner with luxury carmaker Aston Martin has added a second luxury perk for the buyers of some of their highest-rated units. Anyone who purchases one of 38 Signature condos at the Aston Martin Residences
Stable and affordable rental housing is critical for communities and the overall economy. getty With President-elect Joe Biden set to take office in January, the economic fallout of the coronavirus pandemic on America’s households is likely to be front and center. Even before the crisis, housing affordability and instability were serious problems. “This year, the
Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise. getty If you work in the property management sector, or anywhere in real estate, you probably get a lot of your friends and family members asking if it’s smart to buy a house right now. Heck, you might
Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually to a seasonally adjusted annualized rate of 6.85 million units, according to the National Association of Realtors. The NAR’s chief economist, Lawrence Yun, called the annual increase “a spectacular gain.” The annualized sales rate is the highest
Deryl McKissack heads McKissack & McKissack, an architecture, engineering and construction management firm with $15B in projects nationwide. getty As we go back to work in the office, the most critical question for businesses, real estate owners and property managers is how we will rework office space. As president and CEO of an architecture, engineering and
Volunteers distribute food to the needy in Orlando, Fla. Paul Hennessy/NurPhoto via Getty Images About 12 million Americans will lose unemployment benefits in December when CARES Act provisions lapse, absent an extension, according to a new analysis. Unemployment benefits will terminate for more than half of current recipients at the end of the year, coinciding
Spencer Rascoff, cofounder of Zillow Group Inc. © 2016 Bloomberg Finance LP Spencer Rascoff, former CEO of the real estate search site Zillow Z , has bought another Brentwood Park property minutes away from the one he purchased for $20 million a few years ago. This latest acquisition is a more modest three-bedroom, 3.5-bath home
The Trump International Hotel in Washington, D.C. Adam Jeffery | CNBC The Trump Organization’s efforts to sell the Trump International Hotel Washington DC have been put on indefinite hold, casting doubts on the future of one of the President’s biggest financial bets, according to industry executives. The Trump Organization hired Jones Lang LaSalle to shop
From direct mail to “sold by” signs, marketing has always been vital for agents, brokers and other real estate pros to get their name out there. However, as the industry continues to embrace the digital world, many professionals are looking to increase their digital marketing efforts. As top industry professionals, the members of Forbes Real
The interiors at Three Mulberry Brotherton Lock A $1.3 billion purchase of 13 acres in one of London’s most exclusive neighborhoods has turned out to be a good investment. Chelsea Barracks in Belgravia was already seeing strong sales activity going in to 2020 and the same demand continued this year, despite the Covid pandemic. In
Outer Borough multifamily activity is on the upswing. Ariel Property Advisors New York City’s multifamily market has begun to show positive signs of recovery in Q3, and while Manhattan’s sales activity has slowed, investors are looking for returns in Brooklyn, the Bronx and Queens, and it’s signaling that the overall market may be pulling out
XiFotos | E+ | Getty Images You’ve been working for a long time, and now you have started looking forward to retirement. It takes a lot of planning, and you may or may not feel you’ve done enough to enjoy a comfortable, worry-free life after work. As you consider the many factors that can affect
Mike McMullen is the CEO of Prominence Homes and the author of Build. Rent. Sell. Repeat! getty Renting out property in 2020 is no easy task. The CDC’s eviction moratorium expires at the end of December, and before then, landlords will be faced with some hard decisions. When a tenant’s rent is late, landlords will still have
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