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:
Founded in late 2012, Compass led by Ori Allon and Robert Reffkin, is one of the most innovative startups in the real estate space today.
The technology-driven real estate brokerage is based in New York City and has offices in Los Angeles, Santa Barbara, Washington DC, Boston, Miami, the Hamptons, and Aspen.
Compass provides clients with comprehensive brokerage services that are combined with exceptional agents who use the best in-class technology that makes the process of buying, selling, or renting property simple, seamless, and intelligent.
By Paul Fiorilla via Commercial Property Executive
Technology is destined to change the way the commercial real estate market operates, but a debate is raging as to how and how much. Will it create a sea change in the industry, or will the impact be less than transformational? Certainly, technology has revolutionized the daily lives of most people—including the way they communicate, work, shop, eat and entertain. Yet some industry analysts contend that technological change has been slow to take root, and commercial real estate generally operates as it always has.
From the Real Deal Los Angeles: Seattle-based Zillow CEO Spencer Rascoff was the buyer of one of the most expensive homes sold in Los Angeles in the first half of 2016, The Real Deal has learned. It was much pricier, in fact, than his company’s home valuing algorithm Zestimates predicted it would be. In late April, Raskoff purchased a six-bedroom, nine-bathroom estate in Brentwood for almost $20 million. Zillow’s value for the 12,732-square-foot property was significantly less: $18.4 million.
By Diana Olick via CNBC
The appetite for U.S. real estate continues to flourish, but international buyers are shifting their sights from luxury to less-pricey properties. This may be due to overall higher home prices, along with a stronger U.S. dollar, which both cost foreign buyers more at the negotiating table. There are also fewer nonresident foreigners investing in the market.
New York City’s ultraluxury real estate frenzy — with its sky-piercing condominium towers and $100 million price tags — has finally come to an end. Even with every conceivable amenity, the eight- and nine-digit prices attached to trophy homes with helicopter views and high-end finishes never bore much relation to actual value. Rather, a class of superrich investors primarily drove the market, choosing high-priced real estate as their asset of choice, because it was less volatile than other investments and they could use shell companies to hide their identities.
Did you like these articles? What were your favorite articles this week?