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 […]
Home Flipping Startup Open Door Raises $210 Million in Financing
Real estate startup company Open Door, raised $210 million in new financing led by Norwest Venture Partners, reported Tech Crunch. Open Door is an online service […]
Commercial Real Estate Startups VTS and Hightower to Merge
VTS and Hightower, both startups that give users a mobile-friendly dashboard to track commercial real estate information, announced they are merging, reported the Wall Street Journal. The […]
October Home Sales Drop 1.9% Amid Higher Prices. Average Price is $354.9K.
Monthly sales of U.S. homes dropped 1.9% from September, according to a news release by the U.S. Housing and Urban Development (HUD). However, sales were 17.8% […]
Home Prices Rise 1.5% Quarterly and 6.1% Annually – FHFA
The Federal Housing Finance Agency (FHFA) released it House Price Index (HPI) for Q3 2015. On average, home prices were 1.5% higher than Q2 2016, but 6.1% […]