Developers in parts of the country are buying distressed hotel properties at huge discounts and converting the buildings into relatively inexpensive housing, CNBC reported. The math is simple. The pandemic has delivered a blow to the hotel industry. Many parts of the country sorely lack...
Innovation usually starts with entrepreneurs looking to solve a problem. Airbnb Founders Brian Chesky and Joe Gebbia couldn’t find a hotel room in New York City. Zev Siegel, Jerry Baldwin and Gordon Bowker wanted different flavored coffee drinks back in 1973, couldn’t find them and...
Relocating one’s living quarters can be a great life event (new house) or a devastating one (foreclosure). During the pandemic, Pew Research Center found that 22 percent of all Americans either moved or know someone who did as a result of it. The most popular...
The National Association of Realtors® (NAR) said on Friday (Jan. 22) that existing-home sales increased in December, while home sales for last year reached their highest point since 2006, according to a press release. The median existing-home price for all kinds of dwellings in December...
Buying a house is so 1980s. And that’s a problem. Even though legal real estate transactions have been happening for centuries, the basic process itself is every bit as complex today as it has ever been, with very little of the digital disruption that’s transformed...
As the pandemic continues to bash the economy, all too many New York City apartment dwellers simply can’t pay the rent. The result, according to a landlords group said, is that NYC tenants have fallen behind to the tune of more than $1 billion. That’s...
Pending home sales dropped 2.6 percent in November, the third consecutive month during the pandemic that activity dropped off in the real estate market, according to the Pending Home Sales Index (PHSI). The index, calculated monthly by the National Association of Realtors (NAR), showed that...
Home insurance is a product that no one wants to buy — but must. And the insurance companies? Well, they want to sell it, of course. But they hope you never use it (because that would mean paying out claims). Yet things go wrong. Leaks...
Remote work practices and policies made necessary by COVID-19 and embraced by employees and companies alike are taking a toll on Silicon Valley, The Wall Street Journal reported Sunday (Dec. 13), noting that iconic Bay Area companies are moving to, and growing in, locales with...
