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Staggering new report: ‘A Look at Wealth 2021: Real Estate’s New Power Players’
Today, nearly three times as many individuals with a $5 million+ net worth own $1–$5 million in real estate, compared to the numbers in 2019 — that’s a 180{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase in luxury property ownership. How did we reach such unprecedented growth in a three-year period? What power groups drive this demand, how do they redefine luxury and what should luxury real estate professionals know as they seek to serve clients in this new buying climate? Our team at Coldwell Banker Global Luxury® once again looked to WealthEngine, Wealth-X, and The Institute for Luxury Home Marketing to compile the data for “A Look at Wealth 2021: Real Estate’s New Power Players.”…
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Top Real Estate News for Friday, Nov. 19, 2021: 2 REITs and More Fed Spending
A mall giant and a nursing home REIT could benefit from more public spending, two Fools parse out residential iBuying, why UWM stock surged today, outer space commercial real estate, and don’t sleep on the pandemic. Two REITs that would benefit from the government putting more money into the economy With an infrastructure bill now signed into law and a huge package addressing social spending and climate change passed by the House today, now might be a good time to look at real estate investment trusts (REITs) that could benefit from more government money going into the economy. Motley Fool contributor Reuben Gregg Brewer picks out mall giant Simon Property…
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Oregon sued over law banning real estate ‘love letters’ in hot market
A serious estate business is in search of to block a new Oregon regulation that bans authentic estate agents from forwarding “love letters” from homebuyers to sellers. The lawsuit submitted in federal court docket Friday by the conservative Pacific Legal Basis on behalf of Complete Genuine Estate Group alleges the state’s ban on these communications violates the First Amendment legal rights of real estate brokers and their clients. “This censorship is primarily based on mere speculation that sellers might sometimes depend on info in these letters to discriminate primarily based on a protected class,” in accordance to the lawsuit. Oregon Attorney Standard Ellen Rosenblum and Oregon Authentic Estate Commissioner Steve Strode could…
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Cops Follow Money Trail in Mystery Death of Colorado Real Estate Broker
USFWS via Wikimedia Commons A Colorado couple accused of stealing more than $2 million worth of real estate from a local man, then possibly planning to flee to non-extradition countries such as Cuba, Venezuela, or the African archipelago of Cape Verde, have been named as suspects in his mysterious death. Earlier this month, police in Longmont, Colorado arrested Savuth Yin, 26, and Yulisa Yin, 24, who are accused of forging deeds to illegally transfer ownership of multiple properties owned by 77-year-old Fred Oelke, a real estate broker whose body was found on Sept. 15 and identified publicly by authorities on Wednesday. Although cops have not yet revealed any information about…
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Dallas Mavericks legend Dirk Nowitzki invests in longtime fan’s luxury real estate business
Growing up in Germany, Malte Kramer would wake up in the center of the night time to tune into Dallas Mavericks basketball games and check out his childhood idol Dirk Nowitzki. Right now, he’s small business companions with the retired NBA celebrity. Nowitzki is among the angel traders in a $25.9 million funding round for Kramer’s application firm that allows current market luxury genuine estate. “If you had explained to me at age 12 that I would 1 working day have Dirk invest in my firm, I would not have considered you,” reported Kramer, who displayed a poster of Nowitzki in the middle of his do-it-yourself shrine to basketball legends.…
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Let’s Talk Real Estate Investing [Free read]
It is fortunate to stay in a metropolis that is beloved by not only individuals born and raised right here, but also the huge influx of residents that move here. It is thrilling to live in this sort of a flourishing market for true estate, which is mostly impacted by the acceptance of buyers. Wilmington is a hotspot for people that wish to buy secondary homes – whether or not it’s for the reason of lengthy-time period/short-time period leasing, holiday vacation properties, and many others. We made the decision to interview the proprietor of Salt + Stone Assets Team, Jesse Canady, to get his response on the most frequently requested…
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