Is a Residential Real Estate Revolution Coming?
The National Association of Realtors (NAR) settled a series of lawsuits that are being trumpeted as “a radical change” in commissions paid to real estate agents for the purchase and/or sale of a home. There is so much misinformation being spread on this issue it boggles the mind. Let’s clear up some things. First, the […]
NYPD share ‘Death to Israeli real estate,’ ‘Death to America’ signs found on NYU property
Police officers involved in clearing protesters from a New York City college campus are sharing signs with terrorist slogans recovered from the scene. new york city police On Friday, police destroyed an “illegal camp” at New York University, calling in cleaning crews to remove tents and sweep away protesters’ belongings. NYPD Deputy Commissioner Kaz Daughtry […]
MTA offering cut-rate deals to fill retail space as NYC real estate market continues to drag
The MTA is working to fill vacant retail spaces in iconic Big Apple subway stations, including filling empty storefronts with art installations. A whopping 83% of retail space in Times Square, Columbus Circle and other transit hubs is currently vacant, as the coronavirus pandemic continues to hamper the city’s commercial real estate market. Transportation agencies […]
Warren Buffett’s real estate firm pays $250M to settle antitrust
The real estate brokerage firm owned by Warren Buffett’s Berkshire Hathaway announced Friday that it has reached a $250 million settlement in a national antitrust lawsuit that is expected to change the way real estate agents are paid. HomeServices of America, the nation’s largest real estate brokerage, has become the last remaining defendant in a […]
Florida real estate inventory surges, sellers slash prices
Real estate inventory in some parts of Florida has skyrocketed to uncomfortable levels, and sellers are starting to cut prices, according to the report. On Florida’s West Coast, the number of homes for sale and the rate at which current owners are reducing their asking prices has skyrocketed. According to the report Real estate company […]
San Francisco’s real estate market is crashing
San Francisco, once the crown jewel of the West Coast, is now on the brink of collapse, and no one seems to be ringing the alarm. The city’s housing market has been particularly hard hit over the past year, with prices plummeting and homeowners fleeing in droves. JPMorgan Chase CEO Jamie Dimon didn’t mince words […]
Commercial real estate foreclosures jumped 117% in March as trouble looms
Stifel’s KBW CEO Thomas Michaud assesses the stability of regional banks, commercial real estate and the Basel III proposal. of commercial real estate Markets are beginning to distort under the weight of rising interest rates and remote work. There were 625 commercial real estate foreclosures in March, an increase of 6% from February and 117% […]
OJ Simpson’s brain being donated for science a ‘hard no,’ estate executor says
O.J. Simpson’s brain will not be donated for scientific efforts to study it for signs of CTE, according to the executor of his estate. CTE, or chronic traumatic encephalopathy, is a brain disorder often caused by repeated head injuries. The disorder has been found in boxers and football players; Simpson was well-known for playing college football and then […]
O.J. Simpson estate executor vows to contest $33.5M payout: ‘Goldmans get zero, nothing’
The 1995 acquittal of Pro Football Hall of Famer O.J. Simpson for the murders of his ex-wife Nicole Brown Simpson and friend Ronald Goldman became widely known as the “trial of the century.” Simpson was acquitted in the criminal trial, but a California civil jury later awarded Nicole and Goldman’s family $33.5 million in a […]
Female Vietnamese Real Estate Tycoon Sentenced to Death in $12 Billion Fraud Case
A Ho Chi Minh City court on Thursday abruptly handed down the death sentence to real estate tycoon Truong My Lan, one of the world’s richest women, for her role in a $12.5 billion fraud case. The verdict and sentence were handed down surprisingly early in the trial, making it the biggest courtroom spectacle in […]