Browsing: Real Estate

Real Estate
Millions will enter housing market in 2021: Zillow
In what will be known to future generations as the Great Reshuffling, a recent Zillow survey showed that more than 1 in 10 Americans reported moving in the past 12 months, either by choice or by circumstance. And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional h...
Real Estate
For a Brooklyn Heights Townhouse, a Divine Reinvention
The Greek Revival house, once home to the Franciscan Sisters of the Poor, needed more than just a simple renovation to function in the 21st century.When Steven Holley found his 1834 Greek Revival townhouse in Brooklyn Heights, it seemed almost like divine intervention.“It had been owned by the Roman Catholic Church for about a hundred years, and th...
Real Estate
Real Estate Billionaires On Forbes’ 2021 List
Lee Shau Kee, Glenn Sanford and Rich Barton (Getty, iStock) The world minted new billionaires at a rate of one every 17 hours in 2020 — and some of those came from the real estate industry. Zillow co-founders Rich Barton and Lloyd Frink, eXp World Holdings founder Glenn Sanford and his wife Penny, and Florida home-builder Patrick Zalupski were...
Real Estate
Ares raises $1.7bn for third opportunistic US real estate fund | News
Ares Management Corporation has raised $1.7bn (€1.4bn) for its third US opportunistic real estate Fund. The manager said the amount raised for the Ares US Real Estate Opportunity Fund III fund at close exceeded its $1.5bn target as it received support from its incumbent investor base and attracted a number of new investors. The predecessor fund and...
Real Estate
Competitive housing market squeezing real estate brokers
Competition in this spring's housing market is hotter than ever, thanks to high demand and record low supply.Selling a home has likely never been easier, and while that may sound like great news for real estate agents, there is a problem: They are desperate to find listings."Frankly, this is not the time for amateurs," said Dana Bull, a Boston area...
Real Estate
Phuket developer touts guaranteed yield strategy
Patong beach in Phuket is deserted because of the pandemic. APINYA WIPATAYOTIN PHUKET: With the pandemic ravaging the tourism industry and slowing the property market on the islands, a local developer is pivoting to a guaranteed yield strategy, aiming to sell to buyers and rent to uncertain workers.Thanusak Phungdet, president of Phuket-base...
Real Estate
If You Sell a House These Days, the Buyer Might Be a Pension Fund
A bidding war broke out this winter at a new subdivision north of Houston. But the prize this time was the entire subdivision, not just a single suburban house, illustrating the rise of big investors as a potent new force in the U.S. housing market. D.R. Horton Inc. DHI 2.60% built 124 houses in ...