It’s a tough time to be a buyer in the housing market. The average price of a new home in 2020 was $389,400 U.S. dollars, and in 2021, it reached $408,800, according to data from Statista. Bidding wars are competitive, and younger buyers coming in...
SmartRent, a smart home technology platform for multifamily housing owners, is planning to go public via a merger with special purpose acquisition company (SPAC) Fifth Wall Acquisition Corp. The combined company is valued at $2.2 billion. Fifth Wall Acquisition Corp. is sponsored by an affiliate...
The U.S. housing market is facing a supply deficit, with 3.8 million single-family homes less than buyer demand, The Wall Street Journal reported Thursday (April 15). According to a new analysis by mortgage-finance company Freddie Mac, the estimate represents a 52 percent rise in the country’s home...
As the COVID-19 pandemic ravaged the country last year, people stopped going to the doctor — in person, that is. People still consulted with their GPs, but did so via means like telemedicine, causing physical doctors’ visits to drop by 60 percent last year. But...
Real estate home-selling site Redfin has completed its $608 million cash acquisition of rental site RentPath, the companies announced. “Combined with RentPath, Redfin can now be a destination for all North American consumers looking for a home,” the companies stated in the announcement. RentPath operates...
Residential sales for Manhattan real estate have escalated to the highest levels in 14 years as buyers scooped up apartment and condo bargains after the COVID-19 pandemic drove many out of bustling cities, The Wall Street Journal reported on Friday (April 2). Some 1,500 addresses...
The authority that owns Atlanta’s George L. Smith II Georgia World Congress Center sold $440 million in municipal revenue bonds through a series of transactions last week, according to regulatory filings. The funding is for a new 975-room Hilton hotel next to the Mercedes Benz...
Want to own a piece of virtual reality real estate? You may need to get in line. As Bloomberg reported on Friday (March 19), property deals in virtual reality “are surging and attracting millions of real-life dollars. It was inevitable, then, that someone would start...
Retailers across the U.S. are eyeing vacant storefronts as an opportunity for growth as numerous national brands make plans for new brick-and-mortar locations, CNBC reported on Thursday (March 18). Bigger retailers, as well as entrepreneurs, have been looking for deals as commercial rents continue dropping...