Tuesday, 14 July, 2020

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Category: Forbes

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2-8a Rutland Gate in Knightsbridge was bought by a Hong Kong investor for $264 million Beauchamp Estates London’s prime housing market is seeing strong interest from Hong Kong and mainland Chinese buyers, with real estate agents reporting above-average levels of investment. London-based estate agency Beauchamp Estates reports that over the past 6 months it has sold more than $374 million worth Read more…


Chris McAllister is the Founder of Real Estate Brands Ltd, the franchising entity for ROOST Real Estate Co. and Lucky Town Real Estate Co. Getty The real estate market has never been tighter. I have been licensed for 20 years now, and I have never seen the market more aligned with the interests of sellers and residential real estate investors. Sellers who Read more…


Apartment communities are focusing on safely reopening swimming pools. Getty As apartment communities begin to ease some coronavirus restrictions, rental housing providers are laying the groundwork for a new normal that will be anything but ordinary.  Apartment firms are concerned about the economy and the impact that the pandemic will have on operations, according to Amy Groff, senior vice president Read more…


A Breather office space on Broadway in New York City, featuring furnishings positioned for social … [+] distancing. Breather The ways in which American employers think about work space are changing as the world slowly reopens. Companies are likely to re-evaluate both the type and amount of space they lease in the coming years. The tendency to sign long-term leases Read more…


Getty The Federal Housing Finance Agency, which oversees the government-sponsored mortgage buyers Freddie Mac and Fannie Mae, unveiled a tool that allows renters to check whether they are protected under the federal eviction moratorium. Under the CARES Act, which came into effect in late March, renters living in properties with a mortgage secured by Freddie Mac or Fannie Mae benefit Read more…


This is the XSquare design mirror by Duravit with design partner Kurt Merki Jr. It comes complete … [+] with mirror-cabinet solutions, and storage cabinets. Photo courtesy of Duravit Smart mirrors are a relatively new trend that takes reflectivity in the bathroom to the next level. Designed with perfect illumination in mind, they add extra luxury to the bathroom. Now Read more…


The Scottsdale, Arizona, area boasts more than 200 golf courses. Getty Two of the largest resorts in the Scottsdale, AZ, area have changed hands. Real estate investment firm Southwest Value Partners purchased the two Hilton properties for a combined $162 million, Commercial Property Executive reports. Robert Sarver, majority owner of the Phoenix Suns, co-founded Southwest Value Partners in 1990 and remains Read more…


Boost your home’s curb appeal by adding a pop of color to the exterior. Getty Whether you’re feeling cooped up at home, looking to put your home on the market this spring or are freed from a busy work schedule, this could be the perfect time to find therapy in home improvement tasks. “The COVID-19 crisis is obviously keeping a Read more…


10 Corso Como in New York City’s Seaport District Getty Images Just 18 months after opening a sprawling store in New York City’s Seaport District, luxury retailer 10 Corso Como is closing its doors. The apparent culprit: An accelerating coronavirus pandemic, which has created an uncertain future, according to Women’s Wear Daily. As non-essential stores have shuttered over the last Read more…


Studies show that digital, algorithm-based mortgage solutions discriminate less than more traditional lending models (about 40% less, in fact)—ultimately enabling more approvals of minorities, as well as lower loan costs for those borrowers as well. New data released this morning supports these findings even further. According to a report released by Compass and digital mortgage lender Better.com, the company has Read more…


Photo: Getty As the current economic expansion enters its 11th year — the longest on record — the “when will it end” speculation continues apace. As cap rates hover near historic lows and properties trade for historic highs, the question is particularly relevant for multifamily assets — one of the major beneficiaries of the current expansion. It’s impossible to know Read more…


Rear view of a relaxing trader who is sitting in front of a trading station which consists of four … [+] screens with financial data. A concept of forex trading. Singapore panoramic view. Getty In my last column, I asked seven leading proptech VCs to share their predictions for the sector in 2020 and beyond. Amongst other things, they expect Read more…


Does the typical appraisal protect you from overpaying for a house? If it doesn’t, what would that mean for house prices in general? A study looked at a particular set of 8,533 houses that Fannie Mae foreclosed on from 2012 to 2015 and where two appraisals were done on each house. The first appraisals were done right after Fannie took Read more…


Humble, affordable homes will be at a premium as first-time homebuyers compete with downsizing baby … [+] boomers. Universal Images Group via Getty Images We have become disenchanted with “do-it-yourself” and discount brokerages, we don’t want fixer-uppers and we really don’t want very large houses that are in less than ultra prime condition. These are some of the trends Leonard Read more…


Last month, Newsday released the shocking results of a three year undercover investigation that found rampant housing discrimination on Long Island, NY. Real estate agents frequently funneled white applicants to neighborhoods that were majority white and more affluent, while they sent applicants of color to more racially diverse and less affluent areas. The investigation found that Black applicants faced unequal Read more…