Building a house has gotten expensive enough that a family in Collin County, Texas, found even a smaller conventional home would run more than $300,000. The U.S. is short about 1.2 million homes, the National Association of Home Builders (NAHB) estimates, and builders can’t find...
The Real Brokerage plans to acquire the parent company of RE/MAX in an $880 million deal to create a technology-enabled global real estate platform. The acquisition will bring together Real’s technology-powered real estate brokerage and RE/MAX’s real estate brokerage franchising business, the companies said in...
Artificial intelligence (AI) is beginning to reshape commercial real estate—not through futuristic smart buildings, but by automating the manual back-office work that underpins valuations, underwriting, leasing and property operations. Morgan Stanley estimates that AI could automate about 37% of tasks across the sector, unlocking as...
For many property managers, inefficiencies lurk not in the halls of apartment buildings but in the filing cabinets and spreadsheets of the back office. The paperwork and manual reconciliations required for accounts payable (AP) remain an expensive, time-consuming burden for an industry already under pressure...
For millions of Americans, the biggest threat to their personal finances and spending routines isn’t tariffs. It’s their mortgages. Many homebuyers jumped at the chance to take out an adjustable rate mortgage (ARM) when interest rates began spiking in early 2022. ARMs are attractive when...
The real estate industry, like many others, is confronting structural challenges that require not only resilience but reinvention. Today’s unavoidable macro landscape is characterized by uncertainty, rising interest rates and consumer hesitation. Consumers remain wary, loan officers are treading carefully, and traditional tools are proving...
Revolut is reportedly entering the commercial real estate lending business. The United Kingdom-based FinTech appointed M&G Investments veteran Duncan Batty to build the new business unit, Bloomberg reported Tuesday (Jan. 28), citing an unnamed source. Reached by PYMNTS, a Revolut spokesperson said in an emailed...
With homeownership increasingly out of reach, many millennials are turning to high-end rentals. Developers are in a hurry to meet that demand even if it means constructing fewer homes to sell, The Wall Street Journal reported Tuesday (Dec. 10). For example, there’s AvalonBay Communities, one...
An activist investor is reportedly pushing Macy’s to focus more on its real estate. Barington Capital wants the department store chain to create a separate real estate unit inside the company to help revitalize its flagging stock, The Wall Street Journal reported Monday (Dec. 9)....