Real Estate Markets with the Biggest Price Reductions
Realtor.com analyzed 300 metropolitan areas for price reductions on existing real estate listings. The list was used to rank the top 10 markets with price discounts. 1. […]
Facebook to Double its Office Space in Seattle
Facebook signed an agreement with Paul Allen’s Vulcan Real Estate to be the sole office tenant of its new $246 million Arbor Blocks project, reported the Seattle Times. The […]
Home Prices Exceed 2006 Peak, but are 16% Lower When Adjusted for Inflation
U.S. Home price have surpassed their previous peak levels reached in July 2006, according to the benchmark S&P Case-Shiller CoreLogic National Index. However, the new peak […]
Ben Carson Nominated for Secretary of Housing & Urban Development (HUD)
President-elect Donald Trump has nominated retired neurosurgeon and former presidential candidate Ben Carson to the position of HUD Secretary, reported CNN. Both the the National Association […]
Verizon to Sell Data Center Portfolio to Equinix for $3.6 Billion
Verizon will sell a portfolio of 24 data center sites to data center giant Equinix, Inc. for $3.6 billion in an all cash transaction, reported […]
Blackstone Group to Issue IPO for its Rental Properties Business
Blackstone Group will sell a part of its residential rental properties business through an IPO, reported the Wall Street Journal. Blackstone Group went on a […]
Higher Mortgage Rates Add $16,400 to the Cost of an Average Home
The recent spike in interest rates, which have jumped from 3.5% to 4.25% in the past few weeks, have pushed the cost of an average […]
Trump Administration Eyes Reducing Mortgage Interest Deductions
The incoming administration of president-elect Donald Trump may reduce mortgage interest deductions, according to Treasury Secretary nominee Steve Mnuchin, reported Forbes. “We’ll cap the mortgage […]
Forecast of the Top Housing Markets in 2017
Realtor.com released its 2017 U.S. Housing Forecast, which predicts how residential real estate will perform in the top 100 metro areas in the United States […]
NFL had a $77 Million Impact on Hotels in 2015
In 2015, NFL games had a combined net impact of $77 million on hotel room revenue, according to research by STR, which was cited by […]