Opendoor Faces Investor Suit Over ‘IBuying’ Real Estate Tech – Law360
By Emilie Ruscoe (November 29, 2022, 8:58 PM EST) — Digital residential real estate company Opendoor Technologies Inc. is facing shareholder allegations that it overhyped the capabilities of the algorithm underlying its “iBuying” technology, then saw stock prices tumble following revelations that the company was sustaining significant losses on its iBuying business….
Program to help underrepresented communities invest in real estate could soon expand – 69News WFMZ-TV
ALLENTOWN, Pa. – At just 20 years old, Manuel Casanova is well on his way to becoming a real estate investor. “Me and my brother manage it and it’s my first investment property, so just learning how to deal with tenants and manage has been, you know, really fun and exciting,” said Casanova. He already owns […]
NAR venture capital arm launches tech accelerator in Latin America – Inman
The launch marks the first time the accelerator, REACH, will accept applications from companies in a non-primarily English-speaking region. Real estate startups can apply through February, and the application is also available in Spanish by request. New markets require new approaches and tactics. Experts and industry leaders take the stage at Inman Connect New York in January […]
BBX Capital Real Estate and The Altman Companies Close on Land and Financing to Commence Development of Altra Kendall in Miami, Florida – Yahoo Finance
FORT LAUDERDALE, Fla., November 29, 2022–(BUSINESS WIRE)–BBX Capital Real Estate (“BBXRE”), a wholly-owned subsidiary of BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) and currently an owner of 50% of the equity interests in The Altman Companies, a developer and manager of multifamily apartment communities, announced today that a joint venture sponsored by The Altman Companies […]
Bangor-based real estate business celebrates new generation of ownership – WABI
BANGOR, Maine (WABI) – A party nearly three years in the making finally took place in Bangor Tuesday. Back in early 2020, Dave Sleeper began the process of transitioning ownership of his company, Realty of Maine, to a second generation. Then the pandemic happened and a get-together to mark the occasion wasn’t practical. While they’ve […]
Sales of Cannabis Real Estate Run into Some Challenges – Wealth Management
The past year has brought more cannabis legalization in the United States. But is legalization turning into greater real estate investment opportunities? Two more states, Missouri and Maryland, voted in the November 8 election to make cannabis legal for adult use, making recreational marijuana use legal in 21 states, plus the District of Columbia and […]
Young Commercial Real Estate Brokers Feel Burn of Layoffs, Pandemic – Commercial Observer
When the coronavirus pandemic swept through the world in March 2020, layoffs cut through commercial real estate. But while COVID-19 restrictions have largely been lifted in the U.S., brokerage firms are again tightening their belts amid an uncertain economic climate, putting pressure on young professionals to abandon an increasingly volatile, and less profitable, industry. For […]
Fairfax County warns budget could be ‘challenging’ due to slowing real estate market, rising staff costs – FFXnow
The Fairfax County Government Center building (staff photo by David Taube) Local officials are already preparing for “one of the most challenging” budget talks in years due to inflation, the changing real estate market, and staff retention challenges. Right before the Thanksgiving holiday, Fairfax County staff offered supervisors and the school board an early look […]
Real Estate Trends: Are We Headed For Another Housing Market Crash? – Forbes
| Getty Images Key Takeaways Many industry leaders, including Goldman Sachs, have altered their predictions for the housing market since early Fall 2022. While mortgage rates have dropped over the past several weeks, they’re not likely low enough to impact demand in the housing market. The lack of affordable housing in the U.S. is unlikely […]
NHC Announces Elderly Vaccination Push, Real Estate Receives Policy TLC – Forbes
China Last Night KraneShares Key News Asian equities had a strong day led by Hong Kong which had a stronger rally overnight than US listed China ADRs yesterday. We should see another positive day in US China ADR trading. Yesterday we pointed out that reopening plays such as restaurants and retailers were up despite an […]
