Real Estate

Real estate development, sales, and market trends.

ARTICLES

  • Zillow expanding direct homebuyer program to Atlanta

    Home sellers in Atlanta will soon be able to sell directly to Zillow
    Homeowners in Atlanta will soon have a new outlet when it comes time to sell their house – Zillow. Beginning in the fall of this year, Atlanta homeowners will be able to sell their home directly to Zillow, if they so choose. The move into Atlanta is an expansion of Zillow’s direct buying program, Zillow Offers, which the company launched earlier this year.
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  • Powell: Housing not the economic driver it once was

    Says housing industry isn’t as big as it once was
    Federal Reserve Chair Jerome Powell returned to Capitol Hill on Wednesday for this second appearance of the week. During his hearing before the House Committee on Financial Services, Powell explained that the housing industry simply isn’t the economic driver that it once was and actually doesn’t have much pull in monetary policy decision making.
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  • WhyHotel adds Cathy Ross to board, expands in D.C.

    The young multifamily hospitality pop-up is in full growth mode, adding locations and leaders to its roster
    Symbiotic alternative lodging service WhyHotel added Exclusive Resorts CEO Cathy Ross to its board and is launching a new, 95-unit pilot site in the NoMa area of Washington, D.C. Recently, the young company received $3.94 million in seed funding which has allowed the company to set up new locations and build out its leadership team.
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  • Opportunity zone tax breaks tantalize real estate investors

    Developers are lining up to get in on tax breaks for investments in low-income "opportunity zones"
    The federal tax overhaul brought to life a new tax break for investments in low-income areas dubbed, "opportunity zones." Real estate investors appear excited to deploy capital in these areas and are positioning themselves to develop various kinds of real estate in these areas.
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  • RealPage launching platform to help turn empty apartments into short-term rentals

    KigoHospitality will help landlords looking to use 5 to 30 units as short-term rentals
    RealPage subsidiary Kigo, a vacation rental booking and management platform, is a launching a new program targeted at managing short-term rentals in multifamily properties. The launch of this product comes at a time when short-term rentals are a hot-button topic for the industry, and while some multifamily entities are against short-term rentals, RealPage is leaning into the issue.
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  • Housing starts drop 12.3% in June

    Labor and supply holding construction back
    Housing starts fell 12.3% in June, indicating tariffs and taxes are a deterrence to continual growth, according to the latest report from the U.S. Census Bureau. LendingTree Chief Economist Tendayi Kapfidze said although 3-month average building permits are close to the highest level since 2007, labor shortages are weighing on building activity.
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  • American Financial Resources offers new manufactured housing finance option

    AFR will finance manufactured homes via Fannie Mae's new MH Advantage initiative
    American Financial Resources is now offering conventional financing for manufactured homes via the new Fannie Mae initiative, MH Advantage. The new program is designed to promote financing for manufactured homes comparable in quality and features to traditional single-family homes.
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  • Zillow: Blacks and Latinos have to spend more than 30% of income to pay rent

    San Francisco, Los Angeles, Boston and New York are typically unaffordable for blacks and Latinos
    As rental prices continue to rise to record levels, new research from Zillow indicates that a disproportionate percentage of blacks and Latinos cannot afford to rent. This is because black and Latino income remains below their counterparts, hindering affordability in the majority of the 50 largest metros nationwide.
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  • Bellwether Enterprise Real Estate Capital hires Ilya Weinstein as vice president

    Weinstein will be responsible for increasing affordable housing loan originations in northeast U.S. region
    Bellwether Enterprise Real Estate Capital, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, hired Ilya Weinstein as vice president of the company's office in New York. Weinstein will focus on affordable housing as part of the Bellwether’s Affordable Group, working to increase loan production for affordable housing properties in the northeastern U.S. region.
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  • The most expensive towns in the U.S. – and what it costs to live there

    Here’s how much you need to make to live in the top 10 priciest ZIP codes
    Everyone knows that living in Beverly Hills, California, or Greenwich, Connecticut, doesn’t come cheap. But how much, exactly, does it take to live there? A recent report by GOBankingRates spells it out, naming the most expensive ZIP codes in each state and determining what it costs to comfortably live there – and the results are staggering.
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