A weekend topic starting with Morningstar. "Morningstar’s director of research defines an investment as 'an expenditure that can reasonably be determined to have a positive expected return,' whereas speculation 'occurs when the return is too uncertain to be estimated, or…
A report from the Herald Tribune in Florida. "A new 5,335-square-foot Casey Key home with a private beach will be auctioned, without reserve, this month. The luxury house on Casey Key was built last year and has never been occupied,…
A weekend topic starting with two articles in the Los Angeles Times. "Four months into the pandemic, never has the city seemed so upside down. Parking attendants wave flags to the empty streets. Storefronts, boarded-up from break-ins, merge with stalled…
A report from the Denver Post in Colorado. "It is unlikely that Denver Metro will experience a bursting housing bubble this year. The steady stream of demand from homebuyers should keep home prices within a healthy range. It is also…
A report from the Wall Street Journal. "Airbnb Inc. said it is slashing 1,900 jobs, or a quarter of its workforce, and cutting investments in noncore operations. Chief Executive Brian Chesky told employees about the cuts in a memo Tuesday,…
A report from CTV News in Canada. "Still out of reach for most Canadians, high-end houses and apartments in both Western Canadian cities saw drops in their median prices over a recent 12-month period, according to Royal LePage. 'The last…
A report from Multi-Housing News. "'It’s a great time to be a quality sponsor,' Stephen Rosenberg, CEO of Greystone, told Multi-Housing News. 'Right now, the market is extremely frothy and awash with capital. While Greystone hasn’t loosened its underwriting standards…
A report from Myrtle Beach Sun News in South Carolina. "An apartment complex near Coastal Carolina University will soon have a new management company as the property remains at the heart of a $24 million legal fight. In November, U.S.…
A report from Crain's New York Business. "The market has changed since 2012, when Extell’s One57 tower in Midtown reached over $1 billion in purchases in six months, touching off the city’s luxury construction boom. Extell followed that Billionaires’ Row…
A report from Bloomberg. "Financial regulators led by the Treasury's Steven Mnuchin and the Federal Reserve's Jerome Powell have been put on notice about the risk of an economically damaging cash crunch in the $11 trillion home mortgage market. Behind…