Key Billings Indicator Suggests Softening in Commercial Real Estate Sector
The American Institute of Architects (AIA) Architecture Billings Index (ABI) reported a score for June of 49.1, which is down from 50.2 in May, suggesting […]
Foreign Purchases of U.S. Homes Drop by 36 Percent
Purchases of homes by foreign buyers dropped a dramatic 36%, according to a report by the National Association of Realtors. The report found that foreign buyers […]
Apple’s HQ Assessed at $3.6 Billion
Apple’s circular headquarters in Cupertino, California was assessed at $3.6 billion by Santa Clara County for property tax purposes, according to an article in the […]
Zillow and Compass Settle Employee Poaching Lawsuit
Real estate companies Zillow Group and Compass settled a lawsuits alleging the poaching of three former Zillow employees with non-compete agreements, reported Housing Wire. Zillow […]
Small Time Investors are Crowding Out First Time Home Buyers
As if record-high home prices weren’t enough, first time buyers are increasingly contending with competition from small-time (i.e. mom & pop) real estate investors, according […]
Airbnb Estimates its 2018 Global Economic Impact at $100 Billion
Airbnb is reporting its guest community has generated more than $100 billion in estimated direct economic impact across 30 countries in one year. According to a […]
Home Sales Rise in May
May home sales ticked slightly higher year-over-year, ending a 9-month streak of declines, according to the RE/MAX National Housing Report. At the same time, inventory […]
Google to Invest $1 Billion in the San Francisco Bay Area Housing Market
In an effort to alleviate the acute housing shortage in the San Francisco Bay Area, internet-giant Google said it would allocate $1 billion toward building […]
JLL and Google Unveil a New “Voice Assistant” for Commercial Real Estate
Global real estate firm Jones Lang LaSalle is teaming up with internet-giant Google to build a voice assistant to help office workers book conference rooms […]
Largest Real Estate Deal Ever: Blackstone Pays $18.7B for 1,300 Warehouses
Blackstone has struck the largest private real estate deal in history when it signed a deal to buy the US warehouses portfolio of Singapore-based GLP […]