Photo: Getty Ten years into the longest economic expansion in modern U.S. history, concerns over an imminent recession are mounting. Corporate leaders surveyed around the world agree that a recession is the biggest business risk in 2020. Recessions are identified by two consecutive quarters of decreasing gross domestic product and tend to lead to increased
Real Estate
Photo: Getty I’ve had a passion for real estate for as long as I can remember. As a kid, when I was driving around town with my parents, I always marveled at the architecture of old houses, trying to picture how life must have been back when they were being built. It was not a
Michael Herd is selling his family compound on Lake Austin for $28.5 million. Jake Holt for Kuper Sotheby’s International Realty Michael Herd, an oil and gas heir who is married to Whitney Wolfe Herd, founder of social and dating app Bumble and co-founder of Tinder, has placed his family’s three-home compound in Austin, Texas, on
New federal aid is targeted toward communities with high homeless populations or individuals at risk … [+] of becoming homeless. Hearst Newspapers via Getty Images The U.S. Department of Housing and Urban Development announced today that it will provide $2.96 billion in the remaining Emergency Solutions Grants funding to aid homeless Americans and people at risk
Huntington Beach, CA Getty Here are the top 25 cities with the highest rent decreases. Though rents increased an average of 3 percent nationally last year, Apartmentguide.com found the top 25 cities where annual rents have declined. What surprised Brian Carberry, Apartmentguide’s managing editor who crunched the numbers was, “some of the areas with significant
Photo: Getty Running a commercial real estate business involves a long list of time-consuming, repetitive tasks. The sheer volume of these tasks costs companies millions of dollars in staff time every year. Brokerages, bank appraisers, CRE services and asset managers analyze hundreds of documents to complete a real estate deal, and this essential due diligence
Photo: Getty As an apartment investor, you’re likely always on the lookout for changes that can reduce expenses and increase your bottom line. However, in recent years, the hunt for opportunities to decrease your spending may have dwindled to almost nothing. Before becoming the CEO of a proptech platform for apartment investors, I, along with
Photo: Getty Branding: We either love it or we hate it. As real estate investors, our brand and our message can be a deciding factor in whether a seller reaches out to us to potentially purchase their home. Before you ever speak to them, your brand speaks to them. It’s important to think about how
Photo: Getty Along many of Missouri’s riverbanks, we’re seeing waterfront homes being swept away by the swift force of rising water. All that remains are the crumbling concrete foundations. In river cities like Kansas City, spring rainstorms can cause significant real estate damage. This is true for properties in flood zones, neighborhoods with flood risk,
Figures released earlier this week by Reapit, a CRM software provider that processes in excess of … [+] 30% of all UK property transactions, revealed just how quickly sellers, buyers, and renters have returned to market to get on with their plans and their lives. Getty According to the latest Nationwide House Price Index, U.K.
While more than a half of Americans expressed high confidence in their ability to pay their mortgage … [+] in June, the latest forbearance report as well as the still uncertain job market indicate potential troubles ahead. Getty Nearly 65% of Americans felt confident about paying their mortgage obligations late last month. Friday’s flurry of
Photo: Getty The coronavirus pandemic has already altered the spaces we inhabit. Beyond changing the way homes will be built, designed and maintained in the future, COVID-19 will very likely reshape the entire real estate industry. As people reengineer their careers and lifestyles to adapt to a new normal, many will reconsider how, when and
Photo: Getty As cumulative U.S. student debt soars past $1.6 trillion, diligent investors should consider how this will impact the economy — now and over the long term — and how we’ll help students and young professionals navigate the path to homeownership. Rising tuition at public and private schools contributes to the mounting student debt
Photo: Getty Regardless of what you are reading to understand the disparities of all the generations, one thing is for sure: Millennials are the largest and most educated living adult generation in the country. According to the National Association of Realtors, in 2019, millennials represented the largest cohort of homebuyers at 37%, making them the
The usual ways to assess real estate markets are out the window this year. The standard equation is that more jobs lead to more demand for housing, but with a massive loss of jobs in all markets this year, that analysis doesn’t work. So, how can we now decide which markets are the best bets
A Breather office space on Broadway in New York City, featuring furnishings positioned for social … [+] distancing. Breather The ways in which American employers think about work space are changing as the world slowly reopens. Companies are likely to re-evaluate both the type and amount of space they lease in the coming years. The
Photo: Getty Not long ago, we felt that the tremor of society’s heartbeat would remain forever slow. Yet businesses around the country have started to reopen, and humans have started their adaptation process into the new normal. Hope has begun to rise. In this new normal, our thought process when selecting a new home has
A new survey shows a growing comfort with attending open houses again. Boston Globe via Getty Images The coronavirus pandemic has cut into open houses in a major way, but a new survey by the National Association of Realtors suggests potential home buyers are eager to resume visiting open houses. A majority of people, 65%,
TOPLINE During the ongoing protests over the death of George Floyd and racial injustice, Confederate monuments are increasingly becoming targets, with aone statue in Arlington, Virginia, removed Tuesday by its owner, another likely to be removed by the mayor of Birmingham, Alabama, and others across the South targets of protest graffiti.. A statue of Confederate
Pandemice-era lockdowns have heightened homeowner interest in highly customized kitchens featuring … [+] Italian craftsmanship. ITALKRAFT With COVID-19 forcing folks to hunker down over the past two months, kitchens around the country have become more than ever the heart of the home. They’re the focal point not just for cooking meals but for school work,