Real estate agents received billions in PPP loans during the pandemic

More than $3.9 billion in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80 percent of that amount was forgiven. Continue reading

Amid market jolt, hiring continues in residential development sector

Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures. Continue reading

Panthers owner seeks bankruptcy protection for his real estate firm

A real estate LLC operated by David Tepper, the richest owner of an NFL team, filed for Chapter 11 after an $800 million project fell through. Continue reading

Opendoor aims for 2-minute pre-approvals with new app

The new app combs through data and comes up with a maximum price a consumer should be able to afford. Opendoor believes the process will be faster and easier for consumers than traditional pre-approvals. Continue reading

Zombie foreclosures post 1st increase since moratorium’s end

The number of vacant properties going through the foreclosure process is on the rise once again, even as fewer total properties lie vacant. Continue reading

Developer rolls the die with Tokyo iconic ‘cube’ tower demolition

After a 15-year effort to save Toyko’s Nakagin Capsule Tower, developers are demolishing the building. But Nakagin’s final residents believe it’s a mistake. Continue reading

Developer rolls the die with Tokyo iconic ‘cube’ tower demolition

After a 15-year effort to save Toyko’s Nakagin Capsule Tower, developers are demolishing the building. But Nakagin’s final residents believe it’s a mistake. Continue reading

‘Stripe for real estate’ debuts today to fund Power Buyer deals

Setpoint is the latest venture from Ben Rubenstein, a former executive of Opcity and Realtor.com. Continue reading