Real Estate Real estate agents reinvent ‘love letters’ to sellers as housing competition remains fierce Christin Hakim, June 8, 2022 In today’s red-hot housing market, buyers are doing everything they can to compete. Waiving contingencies, bidding well over asking price, and in some cases even making an offer on a property sight unseen are all becoming de rigueur. But what about the humble love letter? Surely, telling a seller why… Continue Reading
Real Estate Real estate agents got $3.9 billion in Covid relief PPP loans. The housing market boomed, but few repaid the loans. Christin Hakim, June 5, 2022 While Covid was battering the U.S. economy, Gary Goldberg seems to have done OK. During 2020, the pandemic’s first year, the Santa Barbara, California, real estate agent sold more than $27 million worth of luxury homes, slightly down from the $31 million he closed the year before, according to data… Continue Reading
Real Estate 3 Reasons There’ll Be No Recession Despite Housing Crash Christin Hakim, May 31, 2022 Peter Mallouk is the president and CEO of Creative Planning, a wealth manager that manages over $225 billion in assets. He lays out why high-risk assets are “dead and buried” and the housing market will slow. But there’s 3 reasons why that doesn’t mean we are heading for a recession…. Continue Reading
Real Estate Jeff Bezos Increases His Bet On The Single-Family Housing Market Christin Hakim, May 20, 2022 The billionaire founder of Amazon.com, Inc. (NASDAQ: AMZN) Jeff Bezos just made his second investment in the real estate investment platform Arrived Homes during the company’s $25 million Series A round. Bezos’ personal investment company, Bezos Expeditions, first invested in Arrived Homes during the company’s $37 million seed round in… Continue Reading
Real Estate Is the Housing Market Slowing Down? Takeaways From Real Estate Earnings. Christin Hakim, May 19, 2022 Several housing metrics due this week are expected to show signs of a slowdown. That sentiment has also been echoed in recent comments from real estate technology companies on earnings calls. Affordability has grown in importance as prices keep rising and mortgage rates have climbed to the highest point in… Continue Reading
Real Estate Housing CEO details ‘the safest bet in real estate’ Christin Hakim, May 1, 2022 When it comes to getting the best return on investment in the housing market, one real estate investor swears on student housing. “I think that’s the safest bet in real estate,” said Rogers Healy, CEO and Owner of Dallas real estate company Rogers Healy and Associates (video above). The student… Continue Reading
Real Estate Triangle housing market: Demand at ‘all-time high’ but affordability at ‘all-time low’ Christin Hakim, February 19, 2022 RALEIGH – Homes across the Triangle remain in high demand amidst historically low levels of inventory. Meanwhile, the median sale price of homes in Wake County rose again in January 2022 while one measure of the Triangle’s home affordability fell to an all-time low. That’s according to the latest available data… Continue Reading
Real Estate The Outlook for Housing, Malls, Workspaces, and Other Real Estate Christin Hakim, February 16, 2022 Carly Tripp grew up playing in corn fields in Olney, Md., about 30 miles outside of Washington, D.C. But by the time she graduated high school, five grocery stores had popped up within a one-mile radius, turning the town into a bustling suburb—the type of development she now tries to… Continue Reading
Real Estate 5 economists and real estate pros share predictions for the 2022 housing market Christin Hakim, February 7, 2022 What economists and other pros think will happen to the housing market in 2022. Getty Images It’s been a wild ride for home buyers and aspiring home buyers over the past year, with bidding wars and rising prices — as interest rates held near historic lows (see the lowest rates… Continue Reading
Real Estate DoD’s average housing subsidy sees big increase as real estate continues to get pricier Christin Hakim, December 20, 2021 The average amount of housing subsidies the Defense Department will give out to service members in 2022 is increasing substantially compared to previous years. The Pentagon says the mean increase of basic allowance for housing (BAH) will go up by 5.1%, a wide jump from the past two years, which… Continue Reading