Real Estate News

Virtual Real Estate In The Metaverse Is Declining In Value

April 11, 2023

Decentraland is known as one of the most prominent virtual real estate platforms in the metaverse. While it was once valued at $1 billion, revenues have been on a major decline within the past year, according to reports from The Block.

Economists Worried About The Current State Of Commercial Real Estate

March 31, 2023

Economists are currently worried about the state of the $20 trillion commercial real estate industry. Ever since the beginning of the Covid-19 pandemic, office and retail property values have fallen due to lower occupancy rates, and the shift to working from home and rise in online retail.

Is The All-Cash Offer Trend Going To Last In The Real Estate Market?

March 1, 2023

In 2022, nearly one third of all US homes were purchased using all-cash offers, according to the National Association of Realtors. However, experts are wondering if this trend of all-cash purchases is going to continue, or decline as time goes on.

The Profit Potential Behind Investing In Fire-Damaged Homes

January 13, 2023

Real estate investors also often have access to resources and organizations that specialize in the art of rehabbing homes for a large return on their initial investment. While any kind of property repair takes a decent amount of time and money, the potential to increase one’s earnings on the investment is possible with the right strategy.

Remembering Sam Zell, Billionaire Real Estate Investor

May 22, 2023

Sam Zell, a well known Chicago real estate investor who earned himself a multibillion-dollar fortune through investing and remodeling properties otherwise seen as unrepairable, passed away last week at 81-years-old.

Real Estate Experts Discuss Signs For Determining When A Home Isn’t Worth The Investment

May 11, 2023

A group of real estate professionals recently spoke to the media to discuss the signs prospective home-buyers should look for when determining if a home is worth the money or not.

October 17, 2022

Mortgage Rates Hit a 20-Year High of 6.92%

September 19, 2022

Homebuilder Sentiment Falls for Ninth Consecutive Month

September 10, 2022

$34B of US Real Estate May Be Fully or Partially Underwater by 2050

August 30, 2022

The Housing Market Is In A Recession And What It Means For Those Looking To Buy A House

The Best Places To Live In America This Year

August 9, 2022

Real Estate company Niche has released their fifth annual report of the Best Places to Live in America, which includes a number of different categories including the most affordable places in the nation to live.

Tom Steyer, Ex-Presidential Candidate, Is Investing In Sustainable Real Estate

April 21, 2023

Tom Steyer, co-executive chair of Galvanize Climate Solutions and 2020 presidential candidate, recently discussed his plans to launch a new sustainable real estate investment strategy.

Home Sale Cancellations Seeing Highest Rates Since Start Of Pandemic

July 16, 2022

According to Redfin, 60,000 home sale cancellations occurred in June, the highest mark since March and April of 2020. It's a rate that rose from 12.7% in May and 11.2% from this time in 2021 and is a result of recently raised mortgage rates.

Elon Musk Buying Small Texas Town For Employees To Live And Work From

March 15, 2023

Elon Musk has been quietly purchasing properties in a small Texas neighborhood within the past few years with the ultimate goal of building his own village where his employees can live and work from.

Florida Landlord’s Required To Background Check Workers Under New ‘Miya’s Law’

July 5, 2022

The new law requires all landlord’s to use a consumer reporting agency (online databases) to screen prospective employee’s criminal records and sex offender registries within all 50 states and the District of Colombia.

Study Shows ‘Yellowstone’ Show Has Had Giant Impact On Montana Economy, Real Estate

June 11, 2022

A study found that Paramount's popular "Yellowstone" show has greatly helped both the economy and real estate industry in Montana, as ranch properties are seeing their values soar. Meanwhile, the overall population growth has shot up thanks to the state's amazing scenery and isolation.

With Rising Mortgage Rates, Housing Market Sees A Cooldown

May 27, 2022

With raised interest rates, a once-flaming housing market is starting to slow down, and fast. According to RE/Max, home sales for the month decreased less than 1% over March while dropping 12.8% year-over-year, while inventory saw a month-over-month increase of 11.5%.

Gianni Versace’s New York Mansion Now On Sale For $70 Million

May 14, 2022

Gianni Versace’s former Manhattan townhouse has officially hit the market at the luxury price of $70 million. Versace originally bought the mansion back in 1995 and fully refurbished the interior.

According To Report, Real Estate Closing Costs See Rise In 2021

April 30, 2022

According to a April 21 report by CoreLogic's ClosingCorp, real estate closing costs rose by 13.4% in 2021, which moved the average extra fees for a single-family home to around $6,905 when including transfer taxes. The average U.S. home price also increased by more than $50,000 last year.

View more stories in our real estate news archives.

FEATURED STORIES

Creating A Legacy Through Hard Work, Creativity, And Passion | Arnie Creinin, CEO Of Coastal Lifestyles Inc.May 9, 2023 - 12:00 pm
Arnie Creinin is the CEO of Coastal Lifestyles Inc., a luxury property management, concierge service and vacation rental business located in South Padre Island, Texas. Coastal Lifestyles has been assisting clients find their dream properties for over 17 years now, however, Arnie’s success didn’t just fall into his lap. Arnie has an extensive resume of work experience that has led him up the ladder of success, starting as a soda jerk at just 8-years-old, he had an early start when it came to understanding the value of hard work and providing services for others.

The Kids Are The Future: Creating A Classroom Of Inclusivity And Community | Cristine LegaspiApril 24, 2023 - 12:00 pm
A child’s educational experience impacts the ways in which they grow, develop, and continue to learn as they get older. Our nation’s teachers are not only teaching children the basics of reading, writing, math, science, etc. they’re preparing the next generation for the future and building their social skills. Christine Legaspi is a teacher from the Philippeans currently working in the US. Her work in education has always emphasized the importance of creating an inclusive classroom and making sure every child develops their individuality while understanding the value of community, regardless of their background or abilities.

One Immigration Lawyer’s Mission To Keep The American Dream Alive | Esma OnalApril 17, 2023 - 9:30 am
America is known as the land of opportunity. For immigrants and individuals from all around the world, it can seem daunting to gain entry into the U.S., which is why people like Esma Onal are so integral to our nation’s growth. As an Immigration Attorney, and immigrant herself, Onal knows firsthand what it truly means to live the American dream, and now she spends her days giving her clients that same vision.

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NAACP Issues Advisory Warning Black Americans And People Of Color Not To Travel To FloridaMay 25, 2023 - 9:00 am
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New Study Reveals Saturn’s Rings Are Much Younger Than The Planet Itself May 19, 2023 - 9:00 am
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NAACP Issues Advisory Warning Black Americans And People Of Color Not To Travel To Florida

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