At least 20 Asian immigrant families in Brooklyn, New York, are facing eviction after falling victim to a $4 million housing fraud from their building’s real estate developer. Brooklyn real estate developer Xihui “Steven” Wu falsely claimed he had the right to sell individual apartment units to the families. After […]
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China’s real estate sector has a debt problem. Large property developers like the embattled company Evergrande have racked up massive amounts of debt, leading to construction stoppages and lots of angry homebuyers. Amid the turmoil, buyers across China have banded together and threatened to stop paying mortgages on over three […]
The real estate investment platform backed by Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos has continued ramping up its acquisitions of single-family rental homes in several U.S. markets. Arrived Homes acquires single-family homes to use as rental properties, then sells shares of these properties to investors through its online platform. […]
Over the past dozen years, Sanford Solny has built a New York real estate empire, snatching up small residential buildings across the city that churn out hundreds of thousands of dollars in rent. His portfolio would be enviable but for one thing — much of it, prosecutors and homeowners contend, […]
As the blazing-hot housing market continues to cool across most of California, the Bay Area communities maintaining the strongest growth in home values appear increasingly concentrated in affluent North Bay communities, especially on the Marin County coast, according to the latest data. The Chronicle analyzed data from real estate listings […]
Fifth Wall, a venture capital firm focused on real estate technology, is tripling down on its bet that climate tech will become an integral driver in the real estate space. It just announced commitments of half a billion dollars to close its inaugural Climate Fund, which launched with $116 million […]
Chinese investors were the most active buyers of US real estate last year among foreigners — spending a record $6.1 billion on homes mainly in Florida and California, according to the National Association of Realtors. Buyers from mainland China, Taiwan, and Hong Kong spent an average of just over $1 […]
Many people know the basics of the capital gains tax. Gains on the sale of personal or investment property held for more than one year are taxed at favorable capital gains rates of 0%, 15% or 20%, plus a 3.8% investment tax for people with higher incomes. Compare this with […]
Mortgage rate hikes on top of already high prices are pushing out many would-be homebuyers. But as buyer competition cools, home sellers are starting to losing their leverage. Fredrik Eklund says homebuyers now have more power to negotiate on home deals. Loading Something is loading. A vibe shift is happening […]
From left, Hogan Group’s Chester office lead Jeremy Cecchettini, CEO Mike Hogan and principal broker Alicia Chappell in the Facebook video announcing the new location. (Screenshot) After expanding its reach to the Piedmont last year, a Richmond real estate brokerage has doubled down locally with a new office in Chester. […]
The two companies launch REdistribute, LLC to create a new venture that will help MLSs innovate, while ensuring brokers are compensated fairly ROCKVILLE, Md., and CHINO HILLS, Calif., July 14, 2022 /PRNewswire/ — Bright MLS and California Regional MLS (CRMLS), the nation’s two largest Multiple Listing Services, announced today the […]
A modernist Los Angeles estate owned by British property tycoon Nick Candy is set to come on the market asking $85 million. CANDY LONDON Text size A modernist Los Angeles estate owned by British property tycoon Nick Candy is set to come on the market asking $85 million, according to […]