Tag Archives: Markets & Economy

Single-family rent prices up 3 percent in May: CoreLogic

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According to the latest CoreLogic data released on Tuesday, monthly rent for a single-family home grew by 3 percent to an average of $1,442 in May. Continue reading →

Developer fans cash at homeless encampment in ploy to clear site

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Gene Gorelik dropped dollar bills on a homeless camp in an attempt to get residents to leave. None took the offer and the developer was escorted off the site. Continue reading →

BlackRock raises its stake in plummeting Realogy

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Investment management firm BlackRock now owns a stake in the real estate holding company valued at approximately 16 percent. Continue reading →

NAR affordability index dips for third straight month

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The National Association of Realtors affordability index dipped for the third straight month in May, meaning the typical family had less estimated income to afford a home at the national median price, according to data released Friday. Continue reading →

Realogy stock plummets as JP Morgan calls industry ‘Wild West’

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The country’s largest real estate holding company saw its stock value decline to $5.87 per share at market close Wednesday. Continue reading →

Realtor.com predicts market shift impacting buyers is on the way

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A market shift that will impact homebuyers well into 2020 is likely on the way, according to realtor.com’s June 2019 trend report.  Continue reading →

Developer who whitewashed 5 Pointz graffiti invites artists back

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Developer Jerry Wolkoff drew anger and lawsuits after whitewashing an iconic Queens graffiti spot to make way for luxury towers. Continue reading →

How the US broke Purplebricks: Former employees sound off

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Purplebricks announced on Wednesday, it was shuttering it’s U.S. operations. The flat-fee brokerage was only live in the U.S. for less than two years, but still, it’s departure doesn’t come as a surprise to many former employees. Continue reading →