The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic. During the pandemic, home prices have climbed at a record pace. The median price for an existing home reached over $363,000 in June 2021, a 23.4% year-over-year increase. “You can see in just basically the last 15 months or so, we’ve seen
Real Estate
Like nearly every industry, the Covid-19 pandemic has rattled the commercial real estate (CRE) sector. As businesses reopen, owners are being forced to make tough decisions, such as whether or not they should continue to rent office space. Consequently, landlords and other CRE investors may see a continued impact on their revenue stream. As experts
As wildfires tear across America’s West, the immediate risk is to life and property, but they will eventually affect water supplies. That’s one reason large corporations are beginning to help fund forest restoration in order to mitigate their water risk. The water supply for many communities, including large cities, starts in mountains and national forests.
When it comes to the world of luxury real estate, closing a deal can be as nuanced as it is cut-throat. Here’s how a top-producing mother and her real estate agent daughter recently collaborated on a record-setting transaction on Gem Island in Indian River Shores, Florida. The Who: A Vero Beach resident for more than 40
The CEO of real estate brokerage Redfin told CNBC on Friday he believes there has yet to be a serious reckoning among U.S. homebuyers about the dangers climate change presents. “The buyers just keep marching into the jaws of destruction,” Redfin’s Glenn Kelman said in an interview on “Closing Bell.” Wildfire season in the American West is
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. In early July 2021, Fannie Mae confirmed something that most real estate professionals already knew: Buyers and sellers are currently on a very different page. Over half of buyers (64%) think it is now a bad time to buy.
Singapore has hinted that unvaccinated travelers may be subject to longer quarantine periods and additional testing. franckreporter | E+ | Getty Images SINGAPORE — Housing prices have shot up across cities in Asia-Pacific this year, fueled by record low interest rates amid the pandemic. Optimism has also gained steam as vaccination rates gain pace, and
A crowd of supporters including elected officials, legal professionals and concerned neighbors gathered to attempt to stop an illegal eviction of a resident in Bushwick, Brooklyn during the State mandated moratorium due to the pandemic, August 8, 2020. Erik McGregor | LightRocket | Getty Images New York State lawmakers have voted to extend an eviction
Co-Founder & CMO at Poplar Homes, a tech-enabled property management company with 2,200+ doors under management across 10 major metros. Property management is going through an evolution right now, and tech providers have stepped up to the plate to disrupt the industry. There are plenty of incentives as to why. Among them, rental market share continues
In a previous study we conducted, we analyzed and identified the richest counties in the United States. in every state. Now, it’s time to look at the other end of the spectrum, namely, analyzing and identifying the poorest counties in the U.S. Using data from the U.S. Bureau’s 2019 American Community Survey five-year estimates, we
A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021. Marco Bello | Bloomberg | Getty Images A prolonged period of low mortgage rates is taking its toll on the refinance market, as most borrowers who qualify have already gone through the process. The average contract interest rate for 30-year
Wildlife has always shared the landscape with people, but the big loser in this arrangement is — and always has been — wildlife. Is it time to grant wildlife legal ownership of their homes? © Copyright by GrrlScientist | @GrrlScientist | hosted by Forbes Ships and corporations have owned property for decades; why not bison? — Karen Bradshaw, Professor of Law Most
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York on April 18, 2021. Newsday LLC | Newsday | Getty Images Home prices rose 18.6% annually in June, up from the 16.8% increase in May, according to the S&P CoreLogic Case-Shiller national home price index. That
The United States is currently one of the most overheated property markets in the world. Low interest rates, stimulus check savings, and limited housing supply are working together to buoy property prices across the country. Values are up 15% on average over the last year, and it has become harder today to find an affordable
A pending sale sign in front of a home in Miami. Getty Images Signed contracts to purchase previously owned homes fell 1.8% in July from June, according to the National Association of Realtors. Sky-high home prices have caused affordability to drop dramatically in the last several months. The median price of an existing home was
Canada and Mexico residents accounted for the largest segment of international investors in U.S. residential real estate over the last year, while overall foreign investment in properties dropped to its lowest volume in roughly a decade, according to a recent study from the National Association of REALTORS® (NAR). The 2021 International Transactions in U.S. Residential Real
Before David Taylor, 38, could even finish touring homes he and his wife, Destiny, 37, were interested in buying, other buyers would offer $20,000 or $30,000 more than the listing price, in cash. After months of getting beaten out before they could even bid, their agent clued them in to a home in Christiansburg, Virginia,
With the melting of snow off the Rocky Mountains and the returning warmth, summer in Montana brings rise to the waters of rivers like the Swan River and Flathead River, both of which flow to the shores of Flathead Lake, where the small town of Bigfork sits. The summer air also brings rise to something
People protest for a moratorium on evictions on Aug. 4, 2021 in New York. Stephanie Keith | Getty Images Millions of Americans who remain behind on their rent could now be at risk of being pushed out of their homes after the Supreme Court rejected the Biden administration’s most recent eviction ban. The Centers for
CEO and Co-Founder of Green Generation, which engineers and implements comprehensive integrated energy efficiency solutions. After a year’s postponement, anticipation over the outcomes of the 26th annual UN Climate Change Conference (COP26) in November is palpable among businesses and investors across all industries — and for good reason. Just as evidence continues to mount of the
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