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:
SHANGHAI—China’s housing market is showing nascent signs of recovery after a two-year downturn, helping to counter a slowdown in the broader economy but prompting fresh warnings about a buildup of debt. Property prices and sales have risen in recent months, driven by looser lending policies, accompanied by a sustained advance in new construction. That occurred even though China is weighed down by unsold homes with enough square footage to fill seven Manhattan islands.
In the escalating arms race of luxury real estate, sellers have a new, not-so-secret weapon: Celebrity brokers. CNBC’s “Secret Lives of the Super Rich” asked three of the top celebrity brokers on the East and West coasts how they’re using their fame to sell some of the most expensive listings in the U.S. Ryan Serhant, who appears on Bravo’s “Million Dollar Listing New York,”leads one of the top-selling teams in the state. (Like CNBC, Bravo is a unit of Comcast’s NBCUniversal.) Last year, a report by The Wall Street Journal/Real Trends ranked his team No. 1 in the state by volume.
By Katherine Clarke and Cathaleen Chen via The Real Deal
Overseas investors and developers have been rushing in to fund the revitalization of Downtown Los Angeles, in addition to buying assets in other locations throughout the county.
It’s gotten to the point where local players have complained that it’s becoming hard to compete with their cold hard cash offers.
But who are these investors and where is their money coming from? Some of the biggest sources of foreign capital come from oil-rich countries such as Qatar as well as some of the U.S.’s closest neighbors, such as Canada. In a bid to determine which countries have the most skin in the L.A. real estate game, TRD analysed the sales of properties bought by foreign-based companies between May 1, 2015 and April 30, 2016, using data from Real Capital Analytics.
By Hugo Moreno via Forbes
Commercial real estate executives appear relatively optimistic about the general state of the market in 2016, with many predicting higher than average deal volumes for their firms. When considering the adoption of new technology, most believe that the influx of CRE tech companies is revolutionizing the industry. These executives recognize that while the U.S. CRE market is recovering, there are still certain segments that are poised for significant decline.
By Brian Solomon via Forbes
About 90% of U.S. households own a car–but Uber wants to change that. On Wednesday, Uber announced what it hopes will be the start of many local real estate partnerships designed to encourage residents to ditch their cars for ride-sharing and public transportation. This first partnership brings Parkmerced, a real estate development in San Francisco with over 3,000 rental apartments, into the fold. The details: new residents will receive a $100 monthly transportation subsidy from Parkmerced to use on Uber and public transit ($30 must be used on Uber, the rest can be put on a Clipper Card). In return, Uber will cap the fares of any UberPool shared ride between Parkmerced and the nearby BART and MUNI stations to a maximum of $5.
Did you like these articles? What were your favorite articles this week?