There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.
So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:
By Ruth Bloomfield via The New York Times
Canyon Lake Ranch was once a playground for Christian day campers, and then was a corporate retreat with water-skiing, barbecues and cowboy shoot-’em-up shows. Hawks now circle above 108 sunbaked acres occupied by copperhead snakes, a few coyotes and the occasional construction truck. Soon this ranch will be a gated subdivision of 99 mini-mansions designed for buyers from mainland China. The developer, Zhang Long, a Beijing businessman, is keeping three plots to build his own estate along the site of an old rodeo arena. This luxury development 35 miles northwest of Dallas is the latest frontier in a global buying phenomenon as Chinese money becomes a major force in real estate around the world. The flood of money is likely to persist despite the current tumult in China. While a currency devaluation and stock market crash have crimped the country’s buying power overseas, the resulting uncertainty is making many Chinese individuals and companies eager to invest anywhere except their home country.
By Lou Carlozo via The Las Vegas Review-Journal
When a property turns hot — whether it’s a beachfront property or downtown — it sizzles. Real estate agents and industry insiders know these and other secrets that often escape public notice. When it comes to buying and selling a property, you want to make sure you get the best deal possible. Here are 13 real estate tips straight from the pros. 1. Boost Your Appraisal With Smart Preparation For all their numerical exactitude, appraisers are people, too, and certain things will turn them off like strong odors from pets and cigarettes. So eliminate lingering scents and “get rid of all the clutter in your home,” said Jonathan Miller, a longtime appraiser in New York. “It makes the home appear larger.” 2. Sell Your Home Faster With a Home Tour Video “More than 80 percent of all buyers now find their homes online, so when you have a YouTube video that comes up on Realtor.com, that’s huge,” said Ben Salem, who owns Ben Salem Properties in Beverly Hills, Calif.
By Mike Isaac via The New York Times
Airbnb has had a rough history with regulators in New York City. Now the company is playing nice. On Tuesday, the short-term home-rental company began sharing data on the ways that people open their homes to guests in the five boroughs. The data, an anonymized compendium of the thousands of hosts in New York, includes statistics like host earnings, the types of listings and how often people rent out their homes. The effort is the first time Airbnb has voluntarily shared city data on a wide scale on how its hosts use the online platform. The move follows a public pledge that the company made last month, in which the start-up said it wished to build an “open and transparent” community. “Our hope is that people will understand 99 percent of people on Airbnb inNew York City are using it as an economic lifeline,” Chris Lehane, Airbnb’shead of global policy and public affairs, said in an interview.
By Nav Athwal via Forbes
Crowdfunding has become something of a buzzword among investors these days and it’s been particularly well received in the real estate sector. Though it’s still in its infancy, real estate crowdfunding is rapidly reshaping the way individuals find and invest in properties. This shift has brought benefits not only for investors but also for real estate companies and for the real estate market as a whole. But this rapid growth also means important considerations for investors when choosing a platform to invest their capital with. The old rules for real estate investing In the pre-crowdfunding era, investing in private real estate was all about who you knew. Under the Securities Act of 1933, private securities investments (including securities of real estate companies) could not be marketed publicly. That meant that access to private deals was limited to investors who were able to seek them out through connections in their personal network. Or to better phrase it, the old country club model of finding and investing in real estate.
By Chris Matthews via Fortune
We’re nearly a decade removed from the peak of the real estate bubble, and the U.S. housing market has finally returned to some semblance of normalcy. If you take a look at the Case-Shiller home price index, you’ll see that for the past fifteen years, home prices nationally have either been rising at double digit rates, or falling precipitously. This is even more remarkable when you consider the fact that, over the long run, one can expect the value of residential real estate to appreciate only a bit faster than inflation. In other words, these have been interesting times for anyone with wealth tied up in real estate, to say the least. This is not to say that all the effects of the housing burst have dissipated. Some markets are being weighed down by an overabundance of underwater homes, while the financial toll the recession took on individuals, who suffered job losses and hits to their credit, has left a large share of Americans unable to finance the purchase of a new home.
Did you like these articles? What were your favorite articles this week?