Stord As large swaths of the country began shutting down in mid-March, 23-year-old Sean Henry was finalizing his company’s first acquisition. Atlanta-based Stord, a cloud-based warehousing platform, had spent months finalizing plans to buy transportation provider Cove Logistics to build out its freight capabilities. “The market has changed since we originally made this decision and
Real Estate
Housing is making a comeback post-COVID, thanks to surging demand and rising home prices. Getty If two months of rising mortgage applications weren’t indication enough, a new report is: the housing market is well on its way to recovering from the recent slump caused by the COVID-19 pandemic. According to the Market Recovery Index from
A foreclosed home from the last cycle. Photographer: Jacob Kepler/Bloomberg News BLOOMBERG NEWS There is an old saying in the real estate development business: when a novice makes a mistake, it’s because they missed the nuances of the market; when a pro makes a mistake, it’s because they missed the obvious. Some participants in the
A Congressional housing subcommittee hearing reinforces the need for the $100-billion rental … [+] assistance contained in the HEROES Act. Getty The $100-billion rental assistance contained in the HEROES Act, which the U.S. House of Representatives recently adopted, is crucial for both renters and landlords, who will continue to grapple with the coronavirus-triggered financial downfalls
New federal aid is targeted toward communities with high homeless populations or individuals at risk … [+] of becoming homeless. Hearst Newspapers via Getty Images The U.S. Department of Housing and Urban Development announced today that it will provide $2.96 billion in the remaining Emergency Solutions Grants funding to aid homeless Americans and people at risk
Huntington Beach, CA Getty Here are the top 25 cities with the highest rent decreases. Though rents increased an average of 3 percent nationally last year, Apartmentguide.com found the top 25 cities where annual rents have declined. What surprised Brian Carberry, Apartmentguide’s managing editor who crunched the numbers was, “some of the areas with significant
Remote workers have a new found flexibility to look for housing in distant, more affordable … [+] locations. Getty Can you remember three months ago? In just 90 days, things have changed dramatically. Just 90 days. Yet, in that short amount of time, the way we think about where we live and how we live
The recently renewed push to privatize mortgage enterprises Freddie Mac and Fannie Mae could spur … [+] higher interest rates, limited mortgage products and higher down payments, if the process is successful. The Washington Post via Getty Images The recent renewal of the efforts to release the government-backed mortgage buyers Freddie Mac and Fannie Mae
Home buyers should take advantage of virtual tours. Getty Images TOPLINE Selling homes was deemed an essential service in some places and as of late May, physical home tours are now allowed in all 50 states. Sellers should limit tours and require buyers to wear protective coverings; buyers should ask key questions about ventilation and
Photo: Getty As an apartment investor, you’re likely always on the lookout for changes that can reduce expenses and increase your bottom line. However, in recent years, the hunt for opportunities to decrease your spending may have dwindled to almost nothing. Before becoming the CEO of a proptech platform for apartment investors, I, along with