Pam is Founder and CEO of TPK Properties LLC, a property investment and consulting firm focused on investor capital preservation and growth. Gary Burchell It is well understood that the real estate industry is cyclical. There are market highs that favor sellers and market lows that favor buyers. The hardest thing to predict is when the
Real Estate
The Recreational Equipment Inc. (REI) headquarters stands in Kent, Washington, U.S., on Wednesday, March 4, 2020. Chona Kasinger | Bloomberg | Getty Images Last August, REI listed its newly built corporate headquarters in Bellevue, Washington, for sale without ever even moving into the building. It marked a stunning reversal. In 2016, when REI announced plans
Who doesn’t want to buy at the bottom of the market? That said, the bottom of the market tends to … [+] elude us. Usually buyers AND agents only see it in the rear view mirror. getty Every New York real estate buyer wants to ”wait a little longer and buy at the bottom of
Data centers are primed to set growth records this year, according to a new report from commercial real estate company CBRE. The buildings aren’t pretty. They’re big, boxy and nondescript. But they’re attractive real estate because they’re essential to how we live these days, housing the infrastructure that fuels everything from shopping online to working
Maggie Hardy Knox, President of 84 Lumber Photo courtesy of Tom M Johnson Photograpy People are often surprised to hear about women working in the construction field. I’ve been writing about construction for over 20 years and I still see very amazed looks on people’s faces when I tell them my topic is construction. So,
As the country went under lockdown, Americans were on the move. Over the last year, 1 in 20 adults moved from where they were living either permanently or temporarily due to the coronavirus outbreak, according to a recent report by the Pew Research Center. Most cited financial reasons for relocating, followed by a job loss
The Gramercy, built in 1883, is one of the finest residential buildings in Manhattan. Yale Wagner for Sotheby’s International Realty Combining four different apartments on three floors created this 4,950 square foot home in one of Manhattan’s legendary buildings. Home to Jimmy Fallon and his wife Nancy Juvonen, it has just gone on the market
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Sales contracts in Manhattan soared by 73% in February, and brokers say the days of big price cuts and deals in the city may be ending. There
Drew, left, and Tim Nelson of Willis Allen Real Estate have been tied to the business since an early … [+] age. Since then, they’ve established themselves as top agents in San Diego’s real estate scene. Willis Allen Real Estate Real estate has always been a family affair for Drew and Tim Nelson. The sons
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images The spring housing market is shaping up to be the leanest and most competitive ever. A sharp drop in new listings partly due to severe weather, combined with already record-low supply,
Founder and CEO of Rentec Direct, property management software for real estate professionals. getty While most of us were more than ready to bid adieu to 2020, there’s still a fair amount of uncertainty as we dive into 2021. While we can see the proverbial light at the end of the tunnel, there are still many
LGI Homes Chairman and CEO Eric Lipar told CNBC on Friday he believes housing demand will remain robust even in the face of rising mortgage rates. A day earlier, Freddie Mac reported the 30-year fixed-rate mortgage reached its highest level since July after eclipsing 3%. And on Wednesday, the Mortgage Bankers Association’s seasonally adjusted index
Willow Beach was custom built long the shores of Lake Austin. JP Morales A highly acclaimed lakefront estate in Austin, Texas has set a milestone for the most expensive residential real estate sale in the capital city. Built along the shores of Lake Austin, part of the Colorado River, the contemporary compound was listed for $38.9
A residence belonging to Jeffrey Epstein at East 71st street is seen on the Upper East Side of Manhattan on July 8, 2019 in New York Kevin Hagen | Getty Images A reported deal to sell sex criminal Jeffrey Epstein’s notorious New York City mansion for about $50 million could unfreeze a compensation fund set
The Midtown Manhattan skyline creates a backdrop for historic buildings along 59th Street. getty The number of new listings for residential properties in Manhattan saw its first year-over-year increase for 2021 in February, while the number of contracts signed fell slightly but remained well above the figures from the same period last year. From February
tupungato | iStock | Getty Images Between the federal stimulus package passed in December and the one making its way through Congress, there could soon be more than $45 billion in financial assistance available to those who’ve fallen behind on their rent. All states have already been allocated funds from a $25 billion pot of
This kitchen reflects three of the top seven tile trends — oversized, stone look and blue hues! Techlam, Levantina – Tile of Spain If you’re planning a kitchen or bath remodel, you probably have a budget for tile. If you’re planning an outdoor living space, you may have one too, as pavers are growing in
Rows of houses in Las Vegas. Jacob Kepler | Bloomberg | Getty Images Doma, a firm that looks to disrupt the real estate title insurance market, has agreed to combine with Capitol Investment Corp. V, a publicly traded special purpose acquisition company. Doma, formerly known as States Title, has a less than 1% share of
Robert Reffkin speaks at a conference in New York City in 2019. (Photo by Brad Barket/Getty Images for Fast Company) Getty Images for Fast Company Compass, the real estate brokerage with more than 19,000 agents on its platform, filed its IPO prospectus with the Securities & Exchange Commission on Monday. The filing showed significant growth
adamkaz | E+ | Getty Images More Americans are planning to move this year due to the flexible work from home lifestyle that the Covid-19 pandemic has ushered in, market researcher The NPD Group said in a recent blog post. Nearly 20% of people in the country are working from home full time as of
Seoul’s luxury housing market continues to expand getty Sotheby’s International Realty is long known as a blue-chip brand. Founded in 1976 by the famed Sotheby’s Auction House. In 2020, the brand announced new offices in seven countries, six of which marked the first time a Sotheby’s International Realty office opened in the region. Most of these deals
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg via Getty Images Higher mortgage rates and a winter weather disaster combined to weaken mortgage demand last week. Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage
Decorating your first apartment? Here’s everything you need to know. Sidekix Media on Unsplash Buying furniture for a first apartment or home can feel stressful because it involves a great amount of decision-making. It’s also a challenge because there are so many major purchases to make, often with a budget in mind. And while it’s
A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap said Wednesday it will invest $140 million to construct a distribution center in Longview, Texas, as part of its effort to double its online business over the next two years. Upon completion,
An insurance policy might pay for fire damage, but it’s not so simple if the property is under … [+] contract. RANJAN SAMARAKONE Commercial real estate documents need to deal with all kinds of hypothetical eventualities, so that if some possible risk actually hits, the parties know what will happen. In a perfect commercial real
Nurses display a ‘Stay Home’ sign on their vehicle during a car caravan of nurses calling for people to remain home amid a surge of COVID-19 cases in El Paso on November 16, 2020 in El Paso, Texas. Mario Tama | Getty Images A federal judge in Texas ruled on Thursday evening that the national
Kitchen remodels are a popular and expensive home improvement project. getty Sooner or later you might join the millions of Americans who remodel or renovate their homes each year. Perhaps it’s at that moment when you realize your kitchen says 1975, but you would prefer to cook in the moment. Or you have decided you
CALVERTON, N.Y. – The homebuilding industry is on the edge of a revolution. At least that’s the way Kirk Andersen sees it. He just used 3D-printing technology to build a 900-square-foot model home on Long Island. He is about to build another one, too – the first 3D-printed home in the United States to be
A living room at Common Frankford Common When most people think of coliving or living with roommates, their first thought might be sharing a mediocre apartment, the inevitability of needing to the electric bill, and who gets to keep the coffee table once the lease is over. But coliving doesn’t have to be this way.
Kathy Kraninger, former president Donald Trump’s appointee to head the Consumer Financial Protection Bureau. Andrew Harrer/Bloomberg via Getty Images “Big deal” Both are a type of qualified mortgage, a category that carries legal protections for lenders from consumer lawsuits. That may happen, for example, if borrowers can’t make monthly payments and lose their homes to