With China minting so many technology and healthcare billionaires of late, it’s easy to forget that the real estate industry is the main source of wealth for many of the country’s richest. China’s urbanization rate, an indicator of real estate demand, increased to more than 60% last year from only about a fifth in the
Real Estate
A hurricane approaching the East Coast of the U.S. getty Weather forecasters say that the 2020 hurricane season is shaping up to be a doozy, with bigger storms and more storms threatening to wreak havoc. Last week, the National Oceanic and Atmospheric Administration said that there could be as many as 25 named storms, which
VC firm Fifth Wall seeks to help the real estate industry build scalable carbon-reducing solutions. Jeff Newton Studio LLC In our current model of capitalism, carbon emissions and environmental harm resulting from business operations are externalities that can be largely ignored by businesses and investors. But, as consumers, policymakers and society at large begin to
Thanks to a new fee coming Sept. 1, homeowners are going to pay a lot more to refinance their … [+] mortgages. getty If refinancing your mortgage was even slightly on your radar, you may want to act fast, because come September 1, it’s going to be a lot more expensive. That’s because mortgage purchasers
With Congress unable to reach a compromise on a new round of support for Americans impacted by the pandemic and recession, President Trump signed memoranda last weekend that partially restore enhanced unemployment benefits, defer payroll taxes for most Americans, and extend a moratorium on federal student loan payments. The constitutionality of these measures is now
Inquiries to contractors for deck, patio and porch improvements nearly tripled this Spring over … [+] 2019. Photo Courtesy of Deckorators; deckorators.com // Wellness by Design (Tiller Press), (c) J. Gold It may seem counterintuitive that interest and activity in home projects is soaring when millions of Americans have lost their jobs, are waiting in
2020 has been a challenging year for everyone, but especially for those who found themselves sheltering in place in a too-tiny home, or stuck in a city that completely shut down due to COVID-19. In major cities, I’ve seen a huge uptick in people retreating to their more spacious suburban homes, which were usually reserved
Ben Harris is the President of Westview Land and Harris Investments, LLC. getty Economic downturns are typically not helpful for real estate values, and land is certainly not immune to the effects. However, the economic contraction we are currently experiencing is different. Demand for land is stronger than I have seen it in the 10 years that
This is the Louisiana State Museum and Sports Hall of Fame: Facade designed by Trahan Architects. Photo courtesy of Timothy Hursley © I had the opportunity to interview Trey Trahan, the founder of Trahan Architects in New Orleans and New York. His firm was recently ranked #1 Design Firm in the U.S. by ARCHITECT Magazine, the
A cyclist passes a public housing building in the Red Hook neighborhood of Brooklyn, New York. © 2019 Bloomberg Finance LP The Department of Housing and Urban Development announced today that it will provide a new round of emergency relief funding for eligible low-income families and individuals living in public housing. The $472 million in
Montage Healdsburg will feature 130 bungalow-style guest rooms, as well as private luxury residences … [+] on 258 acres including 14 acres of planted vineyards. Currently under construction, it is scheduled to open in November. Courtesy of Montage Healdsburg Montage Hotels & Resorts, the luxury hotel and resort management company, is opening a new resort
Downtown Greenville, South Carolina getty I’ll state right away that I still see promise in certain big-city real estate investment trusts (REITs). So this is not a hit against that entire focus. You may have seen the recent news that Facebook (Nasdaq: FB) signed a massive lease with Vornado Realty Trust (VNO). And that’s in
Mortgage interest rates have dropped even lower getty As the weeks go by, the rates get lower. A few weeks ago mortgage interest rates dipped below the 3% barrier—which was a line in the sand many industry experts doubted would ever be crossed. Now, according to Freddie Mac’s latest weekly report, mortgage interest rates reached
The real estate billionaire Rick Caruso, pictured in 2013. (Photo by Gary Friedman/Los Angeles Times … [+] via Getty Images) Los Angeles Times via Getty Images In mid-March, real estate billionaire Rick Caruso and his team conducted war games to see how the coronavirus might impact his collection of ultra-luxury shopping centers in Southern California.
Owner and Qualifying Broker at Rhino Realty Property Management and Rhino Realty B&B, entrepreneur, investor, advisor, author and speaker. getty As a property manager, it’s crucial that the curb appeal of your properties is at its best. For a prospective tenant, there is almost nothing worse than arriving at a property that is overrun with weeds and
Thirty showings in 3 days on this Sherman Oaks, California property, The Agency Multiple offers and bidding wars return to California’s luxury market. Despite a severe economic downturn in many sectors, California’s luxury real estate market is on a high. Listen to Valery Neuman, founding partner of Compass Greater Palm Springs. “In 29 years selling full-time
Eric Eremita is bringing his New York attitude home. Eric Eremita Eric Eremtia is best known from several HGTV shows including Love It Or List It and Brother Vs Brother, as the stereotypical New York contractor you wouldn’t want to fight with, especially when he has power tools in his hands. But, Eremita recently made headlines for being
The federal government’s stopgap measures in the CARES Act helped buoy the economy. But with key … [+] policies now expired, the housing market is to see a turn for the worse, says EasyKnock founder Jarred Kessler. getty Despite early predictions of an impending doom, the housing market has so far eschewed the dampener that
Co-Founder and Managing Partner of Disrupt Equity. Learn more about investment opportunities by visiting our website. getty “Buy land; they’re not making any more of it.” This famous quote attributed to Mark Twain evinces a very simple yet profound idea regarding real estate investing. Since time immemorial, land has been an irreplaceable asset. Land cannot be
FHFA, which oversees the two mortgage-buying enterprises Freddie Mac and Fannie Mae, is now … [+] mandating that multifamily property owners with government-backed loans in forbearance inform renters about the eviction protections the policy extends to them. getty After Congress let the CARES Act eviction moratorium lapse late last month, the Federal Housing Finance Agency