Real estate platform Offerpad has announced a merger with Supernova, a publicly-traded special purpose acquisition company (SPAC), a press release says, with the company valued at $3 billion. The deal will also provide Offerpad with up to $650 million in gross cash proceeds. The transaction will conclude...
Of all the journeys in one’s financial life that is paper bound, marked by reams of paper and teams of middlemen, buying a home stands out. Titles, legal agreements, bank forms, deeds, appraisals, wet signatures, faxes, emails, agents, lawyers — the list goes on. According...
The real estate market is all about the seasonal cycle. Homeowners start preparing for sale early in the year and start listing in the early spring, followed by a buying bulge throughout the late spring and summer. It slows down in the fall and basically...
Chicago-based JLL, which specializes in commercial real estate, is branching out into the rental market with an investment in Roofstock, which is based in Oakland, California. Roofstock offers a “marketplace for investing in the $4 trillion single-family rental (SFR) home sector.” In a press release,...
Fears about possible fraud are delaying aid meant to go to renters who have fallen behind in their payments. According to The Wall Street Journal, tenants have been left waiting to get financial assistance from the $25 billion in aid that Congress approved in December....
Retailers increasingly are insisting on short-term leases, CNBC reported. The sector has been hit especially hard by closings stemming from the pandemic and already was reeling from the shift toward online shopping. About 1.5 billion square feet of retail space, or 14 percent of the...
Zillow is streamlining its home-buying service by giving property owners the chance to sell directly to Zillow based on the Zestimate, the company said in a Thursday (Feb. 25) press release. Zillow Offers — a model known as instant buying, or iBuying — was originally...
Before the pandemic, the long-term rental market’s demographic was fairly well defined. It was made up of business travelers on location for an extended but temporary period. Consultants, corporate travelers and people relocating for business needed a place to stay while they found more permanent...
The flexible work policies of the pandemic era have prompted Americans to move, resulting in higher rents in suburbs and lower rents in cities such as New York and Los Angeles, Bloomberg reported. U.S. apartment rents, including concessions factored in, had decreased 0.3 percent last...