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:
For those keeping track of global events that could impact New York’s real estate market, here’s another one to add to the list: Britain’s June 23 referendum on whether to leave the European Union. According to a new report by brokerage Knight Frank, fears of an E.U. exit are putting a damper on London’s luxury real estate market. That could be good news for its direct competitor, New York City.
HONG KONG—China’s economy may be cooling, but its real-estate companies are fueling a debt-and-equity underwriting boom. Chinese real-estate companies have issued $69.32 billion of debt and equity so far this year, up from $25.8 billion during the same period a year ago, according to data provided by Dealogic. Such companies issued $103.47 billion of debt and equity in 2015, the highest year on record.
STONE RIDGE, N.Y. — Apple trees have blossomed, and soon fruit will begin emerging at Elizabeth Ryan’s orchard in the Hudson Valley. Before long, her harvest will head south to Manhattan, where Miro Uskokovic, the pastry chef at Gramercy Tavern, will use it to create an apple and carob cake, while Michael Anthony, the executive chef at the Studio Cafe inside the Whitney Museum of American Art, will turn it into an apple compote spread over pie dough and covered with a streusel.
It’s still a seller’s market in celebrity-studded Jackson Hole, Wyo. New home sales data show strong demand and shrinking inventory are keeping prices high in the affluent retreat that’s home to notables such as Harrison Ford and Dick Cheney. Sales were down 3 percent in the first quarter while prices inched up 7 percent compared to the same 2015 period, according to Jackson Hole Real Estate Associates, an affiliate of Christie’s International Real Estate. Those numbers are based on Multiple Listing Service transactions, the realty group says.
By Rebecca Ballhaus and Erich Schwartzel via The Wall Street Journal
Real-estate investor Thomas Barrack Jr., a longtime friend of Donald Trump, has raised $32 million in committed donations for a new super PAC backing the presumptive GOP nominee, he told CNN’s Erin Burnett on Thursday. Mr. Barrack, who has emerged as a significant player in Mr. Trump’s maturing fundraising operation, said the super PAC, called Rebuilding America Now, raised the money through a handful of donors. Officials filed paperwork with the Federal Election Commission earlier Thursday.
Did you like these articles? What were your favorite articles this week?