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:
Move over Zillow, Trulia, Realtor.com, and Redfin. There’s a new challenger in the battle for online real estate supremacy, and this one has some newly deep pockets. According to a report from TechCrunch, Compass is now the real estate’s newest billion-dollar startup company. Per the TechCrunch report, Compass just concluded a $75 million round of funding, which placed its valuation at more than $1 billion.
Will the risk of overheating in the U.S. commercial real estate market prompt the Federal Reserve to move more quickly on rate hikes despite lackluster economic growth? Perhaps, says Boston Fed President Eric Rosengren, it should. Eight years of extremely low interest rates have pushed commercial real estate prices up rapidly, and they might also decline rapidly if economic conditions change, Rosengren said in remarks prepared for an event hosted by the Shanghai Advanced Institute of Finance this morning in Beijing.
The engine that brings Brooklyn’s monocled fixie-riders into Manhattan will be shutting down in 2019, and a new report claims property owners along the revitalized 7 line could benefit the most. The report, from brokerage Ariel Property Advisors, predicts that neighborhoods along the train in Queens, like Sunnyside, Woodside and Jackson Heights, will see real estate price growth in the near future.
Real estate will officially become the S&P 500‘s newest sector after the market closes on Wednesday, but some traders are already shutting the door on real estate stocks. REITs have outperformed the market this year and still retain their place as one of the top-performing asset classes among all industries. But real estate’s heyday could be winding to a close, according to Eddy Elfenbein, editor of the Crossing Wall Street blog.
The city’s real estate market really is as bad as you think it is, according to two new studies released on Tuesday. The first, from WalletHub, ranked the top 300 real estate markets in 2016. Of the 300 markets in the United States, New York City lagged way toward the back at No. 242. WalletHub studied each of the markets for the average number of days a house remains unsold, percentage of homes selling for a gain, foreclosure rate and vacancy rate, among 11 different factors.
Did you like these articles? What were your favorite articles this week?