Intercontinental Hotels Launches New Brand Targeting Budget Travelers
InterContinental Hotels Group (IHG) announced that it launched a new brand called Avid Hotels, targeting travelers at a slightly lower price point than its popular Holiday Inn […]
New Startup Helps with Down Payments in Exchange for Airbnb Income
A Seattle-based startup called Loftium is proposing to help homebuyers with up to $50,000 in downpayment on a home, according to an article in City Lab. In […]
Mortgage Rates Slightly Higher for the Week, but Lower than a Month Ago
Mortgage rates edged up slight higher this week, according to Bank Rate: 30-Year Fixed Rate: 3.77%, up 3 basis points from last week, but lower […]
A Tight Housing Inventory is Chocking Off Home Sales
The National Association of Realtors said existing-home sales fell 1.7% to a seasonally adjusted rate of 5.35 million, the worst level in 12 months. Total housing inventory at […]
Bitcoin is Playing a Bigger Role in Real Estate Deals
In another sign of the times, a growing number of property owners are embracing the idea of selling or renting their real estate in exchange […]
The Uneven Housing Recovery
July’s housing prices reached new records in half of the largest U.S. metro areas, according to Zillow’s most recent Real Estate Market Report. The report also […]
Median Gross Income of Commercial Realtors Reached $120,800 in 2016
Commercial brokers and appraisers are reaping the benefits of a hot real estate market, according to the 2017 Commercial Member Profile, recently released by the […]
Increase in Online Traffic Results in Data Center Construction Boom
Data center construction in North America surged by 43% from 2016, according to an article in World Property Journal. The data center construction boom is driven […]
Average Daily Rate at U.S. Hotels Surpasses $127
The Average Daily Rates (ADR) at U.S. hotels reached $127.12 during the week of August 13-19, a 2.5% increase from the previous week, according to […]
Zillow Wins Dismissal of Lawsuit Challenging its ‘Zestimate’ Feature
A U.S. District Judge dismissed a federal lawsuit in Chicago challenging the accuracy of Zillow Group’s online estimates of home values, known as Zestimate, according […]