Real Estate Archives - Broadcast News Network

Redfin: These housing markets are the most at risk of falling home prices

July 31, 2022 Administrator

Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level that is simply unattainable for tens of millions of would-be buyers. As more buyers take a rain check, the housing market correction only gets more intense. This week, we…

Real Estate

Paul Allen Estate Sells Millions in Real Estate in Seattle, NYC

July 30, 2022 Administrator

Paul Allen’s estate recently sold 10 properties in New York and Seattle for a total of $168 million. Allen, the Microsoft cofounder who died in 2018, had a massive trust that included pro sports teams. Reports have indicated that Allen’s sister must liquidate the trust and donate the proceeds. Loading Something is loading. Paul Allen’s…

Real Estate

Built Expands Commercial Real Estate Product Suite for Lenders With Acquisition of Nativ

July 29, 2022 Administrator

Built and Nativ team up to deliver the first collaborative deal management platform for CRE lenders across construction, transitional and stabilized real estate assets NASHVILLE, Tenn., July 29, 2022–(BUSINESS WIRE)–Built Technologies, a leading software provider for real estate lenders and the construction industry, announced that it has acquired Nativ, a leading deal management platform for…

Real Estate

10 cities where home prices are being slashed as housing market cools

July 28, 2022 Administrator

The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that are on sale right now, according to new data. Sellers slashed home prices in June in areas that saw red-hot price appreciation earlier in the pandemic, including Reno, Nev., Austin, Texas, and…

Real Estate

The Jeff Bezos-Backed Real Estate Company Is On A Buying Spree For Single-Family Homes

July 27, 2022 Administrator

The real estate investment platform backed by Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos has continued ramping up its acquisitions of single-family rental homes in several U.S. markets. Arrived Homes acquires single-family homes to use as rental properties, then sells shares of these properties to investors through its online platform. The demand for rental property…

Real Estate

We Won’t See A Repeat Of 2008, But The Real Estate Industry Should Still Prioritize Innovation

July 26, 2022 Administrator

VP of Sales, Trusted Rate, Inc. Passionate about helping people lead financially abundant lives through real estate. getty Some people are worried about an upcoming housing crash in the United States. According to April 2022 data from the S&P CoreLogic Case-Shiller Indices, “home prices continue to increase across the U.S.” In fact, there was a…

Real Estate

He Runs a New York Real Estate Empire. Did He Steal It?

July 25, 2022 Administrator

Over the past dozen years, Sanford Solny has built a New York real estate empire, snatching up small residential buildings across the city that churn out hundreds of thousands of dollars in rent. His portfolio would be enviable but for one thing — much of it, prosecutors and homeowners contend, was stolen. In criminal charges…

Real Estate

DR Horton See Deals Fall Through As Mortgage Rates Rise

July 23, 2022 Administrator

The nation’s largest homebuilder said 24% of its contracts fell through in its recent quarter. Homebuyers have been pulling back in the face of higher mortgage rates and market uncertainty. To counter the slowdown, homebuilders are offering more incentives and reducing their production. Loading Something is loading. A growing number of would-be homebuyers are backing…

Real Estate

Real Estate Fund Quietly Purchases Entire Community Of 233 Single-Family Rental Homes In Panama City, Florida

July 22, 2022 Administrator

Real estate investment platform Fundrise recently acquired Sunset Village, a community of 233 detached, single-family rental homes in Panama City, Florida. The purchase was made by a joint venture between two Fundrise-sponsored funds: the Flagship Real Estate Fund, which was backed by Goldman Sachs Group Inc. (NYSE: GS) last year with a $300 million credit…

Real Estate

Stock market activity ‘indicator’ of what will happen in real estate market: Expert

July 21, 2022 Administrator

Katrina Campins weighs in on the recent slowdown in the real estate market and explains what’s behind it. Luxury real estate agent Katrina Campins argued Wednesday that “the stock market is going to be an indicator of what happens in the real estate market.” The Campins Company founder stressed clients have been impacted by the stock market, which,…

Real Estate