Blackstone Group Inc. has announced raising the largest-ever real estate fund of $20.5 billion to be invested in property assets around the world.
White House proposes to end conservatorship of Fannie and Freddie
September 9, 2019 by
U.S. President Donald Trump’s administration last week put forward several proposals aimed at modernizing the Federal Housing Finance Agency and ending the federal government’s decade-long conservatorship of the government-sponsored enterprises. The proposals came following a demand from President Trump that responsible agencies come up with some meaningful reforms to the system, in order to reduce […]
U.K. PropTech Star Residently Raises £7m in Funding
August 31, 2019 by
Residently has raised £7 million in seed funding from Felix Capital, LocalGlobe and A/O PropTech, and original angel funders.
Housing markets will do just fine in a recession, economists say
August 30, 2019 by
Consumer fears of a recession are growing, and experts say it could cause some Americans to get skittish about possible knock-on effects on the housing market. One reason for that is many Americans remain haunted by memories of the Great Recession last decade, which caused thousands to lose their homes to foreclosure. But experts say […]
Zillow: Teacher’s starting salaries aren’t enough to pay the rent
August 29, 2019 by
Zillow has some rather disturbing news for budding academics that could well persuade them to forge an entirely different career path. It says that “entry-level” teachers will need to spend more than half of their salaries on the typical rent in 19 of the 50 largest U.S. metro areas this school year, according to its […]
RIBA Puts Out Stirling Prize 2019 Shortlist of UK’s Best Designs
August 23, 2019 by
The 2019 RIBA Stirling Prize shortlist of the UK’s best new building has just been released.
Airbnb acquires Urbandoor to expand its corporate client business
August 16, 2019 by
Airbnb last week acquired a platform called Urbandoor that offers extended stays for corporate clients. Founded in 2015, Urbandoor differentiates itself not just through its focus on business travelers, but also by the fact it deals directly with multifamily building owners instead of renters. The company goes directly to big real estate firms like Greystar, […]
Research shows iBuyers typically cost sellers 13% to 15% more
August 12, 2019 by
Consumers who choose to use an iBuyer to sell their home often end up paying much higher fees than they would have if they’d gone with a traditional real estate agent, according to new research from Collateral Analytics. iBuyers are companies that provide instant cash offers and quick closings on a home, which can be […]
Big tech’s affordable housing commitments are ‘not enough’, experts say
August 11, 2019 by
With the cost of housing reaching sky-high levels in many West Coast cities, a number of technology companies have stepped in with pledges of millions of dollars to try and reverse the situation. Microsoft for example, in January announced it was committing $500 million to pay for affordable housing, while Google recently said it would […]
Study shows that recessions don’t have much impact on home values
August 7, 2019 by
New research from Zillow shows that recessions typically don’t have a negative impact on home values, contrary to what many experts have always said. Other than the housing-led Great Recession of the late 2000s, Zillow’s analysis shows that home values have typically continued to grow through national and statewide recessions over the past quarter-century. The […]
