Warren Buffet Invests $377 Million in Retail REIT
Legendary investor and Berkshire Hathaway chairman Warren Buffet has invested $377 million in Store Capital Corp (STOR), a REIT focused on investing in single-tenant real […]
Average Daily Rate at U.S. Hotels Reaches $127.47
The Average Daily Rates (ADR) at U.S. hotels reached $127.47 during the week of May 21-27, a 2.5% increase from the previous week, according to […]
Mortgage Rates Drop to New Low for the Year
Freddie Mac’s latest Primary Mortgage Market Survey showed that rates dropped to the lowest levels in 2017 against a sharp drop in Treasury yields. Rates […]
Homeowner Sues Zillow for its ‘Zestimate’ Feature
An disgruntled Illinois-homeowner is suing online real estate company Zillow Group, alleging that its ‘Zestimate’ feature, which provides a value estimate for properties, underestimated the value […]
CRE Giants Report Q1 2017 Earnings
Corporate real estate giants CBRE, Jones Lang LaSalle and Colliers International, reported better than expected Q1 earnings last week. All three companies suffered weaker performances from […]
Will Home Builders Provide Relief to Frustrated Home Buyers?
Record home prices and strong demand typically translate into a robust and active real estate market with heavy transaction volume. However, in this real estate cycle, […]
30 Year Fixed Mortgages Exceed 4%
After 5 weeks of lower rates, weekly mortgages resumed their ascent yesterday, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). 30-Year Fixed-Rate mortgage (FRM): […]
Artificial Intelligence and the Future of Real Estate
Recent advances in technology have affected many facets of the real estate industry, including digitizing documents, automating property management functions and extending consumer access to listing […]
Home Sales Fall, Prices Rise in February
A lower inventory of homes for sale, combined with strong demand for housing and a red hot economy are driving real estate prices through the […]
Mortgage Rates Slightly Lower in March
Mortgage rates continued their downward direction despite a hot real estate market, according to Freddie Mac’s latest Primary Mortgage Market Survey. Some observers have attributed the […]