Chicago voters to decide whether to hike real estate transfer tax

Proponents said the measure would raise $100 million per year. Chicago Realtors said the tax was volatile and not a reliable funding stream. Continue reading

Vrbo parent company Expedia reports ‘best-ever’ quarter

Despite Vrbo itself struggling, Expedia, the travel booking company that owns the short-term rentals platform, recorded $425 million in profits during the third quarter. Continue reading

WeWork reportedly to file for bankruptcy as soon as next week

The company that once embodied the future of the workplace, which at its peak was valued at $47 billion, is reportedly considering filing a chapter 11 petition in New Jersey. Continue reading

Here’s how property managers can fight the effects of inflation

How can forward-thinking property managers mitigate the effects of inflation? It requires informed strategies and creative thinking. Here’s our approach. Continue reading

Buffett, Munger foresee ‘hollowed out’ downtowns on the horizon

Billionaire investor Warren Buffett and business partner Charlie Munger see long-term distress in commercial real estate, which could spell trouble for lenders and opportunity for investors. “The buildings don’t go away,” Buffett said. Continue reading

Renters rejoice! Rental rates fell for 5th straight month in September

Rents for studio, one-bedroom and two-bedroom units fell 0.7 percent between August and September, according to data from Realtor.com. Continue reading

Looking for cash flow? Here’s my real estate investing strategy

How does real estate fit in your investment portfolio? Try these real estate investments to serve specific roles in your financial strategy. Continue reading

Hotels and Airbnb, Vrbo in heated battle as business travel ramps up

Both hotels and short-term rental companies are vying for customers seeking out extended stays through new offerings as business travel ramps up across the U.S. this fall. Continue reading