Kellie Rastegar is Co-Founder and Creative Director at Rastegar Property Company. Without question, affordable housing has caused contention across all classes. According to “The State of the Nation’s Housing 2021” report (subscription required), homebuyers and homeowners are currently divided into different categories. One category is rushing to purchase a home from savings acquired during the pandemic,
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Outdoor seating at Estiatorio Milos Tanja Yokum In August, the Gerber Group’s Manhattan bars and restaurants started hiring more workers in preparation for an influx of customers returning to the offices the following month. The labor crunch meant those restaurants weren’t fully staffed even after the hiring push, which turned out to be a blessing
Having left their hearts in San Francisco during the depths of Covid, people are returning to the City by the Bay. Lots of them have been drawn by the rebounding sense of normalcy afforded by the city’s comparatively high rates of inoculation. Many have also been lured by a renewed focus on what might be
Christy Gentry and her husband have been dealing with California’s wildfires for the past four years. In 2017, the couple evacuated their Santa Rosa home for three weeks. In 2019, they were forced to cut a trip to Hawaii short and get their animals and stuff out of their house as a fire approached. “It
As part of a broadly diversified investment portfolio, passive real estate makes sense for many near retirees. Some are folks who own income-generating rental properties, for instance. They enjoy the cash flow, but are past the life stage where they’re okay with phone calls at 3 a.m. from tenants with HVAC issues. Others don’t own
Potential homebuyers exit an open house in Redondo Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and consequently rushing back into the
CEO and Founder of L.A. Property Management Group and Crown Commercial Property Management. Researching the credit of rental applicants is essential to choosing the most qualified tenant for a unit, now more than ever. Credit can’t tell you everything you need to know about an applicant, but historically, it has provided important information in the selection process.
A banner promoting the Emerald Bay residential project outside the China Evergrande Centre in the Wan Chai area of Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images Embattled developer China Evergrande on Tuesday said its property sales will likely continue to drop significantly in September, resulting in a
The real estate market was thrown into a tumultuous state when the Covid-19 pandemic struck. Between people losing work and being afraid or unable to move, the year in lockdown made a significant impact on the market. Even as life regains a sense of normalcy, there are several factors that will continue to impact housing
People queue to undergo nucleic acid testing for the Covid-19 coronavirus in the city of Ruili which borders Myanmar, in China’s southwestern Yunnan province on July 5, 2021. STR | AFP | Getty Images China’s zero-Covid approach could worsen the debt situation of the country’s companies, some of which are already in financial distress, says
Everything’s coming up roses for the Shubert Organization. As the Broadway landlord begins to reopen its 17 Broadway theaters for the first time in 18 months during the COVID-19 pandemic, it will also receive more than $82.3 million from a blockbuster real estate deal. Shubert recently agreed to sell two vacant lots on Eighth Avenue
GeorgePeters | Getty Images The number of borrowers in both government and private sector Covid mortgage bailout programs is falling fast, but for those still in trouble, the future is not as bleak as originally thought. Extraordinarily high levels of home equity, thanks to the recent runup in home prices, has struggling borrowers in a
For golfers, there’s nothing more ideal than hitting the links bright and early. That’s easy to do on these 18 hole-adjacent properties from Bigfork, Montana, to Benahavis in Spain. Modern golf villa in Spain Location: Malaga, Benahavis, Spain Price: $11.28 million (EUR 9.5 million) This villa sits on an elevated spot overlooking the Marbella Club Golf Resort
courtneyk | E+ | Getty Images The end of eviction protections combined with the snail-paced distribution of federal rental assistance means that the struggles for renters aren’t going away anytime soon. More than 6 million households remain behind on rent payments, a figure that has only worsened of late, despite an unprecedented allocation of funding
Dave Friedman is Co-Founder and CEO of Knox Financial, the smart and frictionless way to turn a home into an investment property. Homeowners who are getting ready to move face endless choices and to-dos — finding a seller’s agent, deciding how much to fix up the house, choosing when to list and searching for a new
In this article URW-NL People walk near the sight of Ground Zero and the Freedom Tower on the day that the United States officially ended its participation in the war in Afghanistan on August 30, 2021 in New York City. Spencer Platt | Getty Images Jay Neveloff recalls sitting in his office on 55th Street
Josephine Gotianun-Yap is plowing ahead with growing her family’s diversified company despite a drag from the pandemic. In August, Filinvest Development president and CEO Josephine Gotianun-Yap made the gutsy call to go ahead with its listing of a REIT, into which it was injecting 17 office towers from its subsidiary Filinvest Land. At $236 million, Filinvest
Aerial views of the $500 Million dollar mansion dubbed “The One” in Bel Air, California. Google Earth A Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165 million in loans and debt, according to court filings. The 105,000-square-foot Bel Air estate, known
Finding a mentor is a great way to gain more knowledge about an industry. If you’re a newer real estate professional, connecting with a seasoned agent can help you navigate the challenges of starting out, as well as make valuable connections and build valuable experience. However, if you don’t already know someone in the field,
Daniel Acker | Bloomberg | Getty Images Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. It was at the lowest level
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