6-Step Coronavirus Action Plan For Realtors
The current pandemic has changed nearly every industry, and real estate is no exception. We offer advice for how real estate professionals can continue to conduct business safely in these trying times….
Airbnb, Short Term Rentals: Layoffs And Widespread Cancellations As Europeans Start Planning Holidays
A mixed picture of worry and hope: Airbnb laid off 25% of its workforce as Europe sees an early surge of bookings for the holidays….
Michael Bloomberg picks up $44M estate in Colorado
The former presidential candidate quietly bought a 4,600-acre ranch in Colorado last month for $44.79 million, according to the Wall Street Journal. The estate, known as Westlands, was developed by KKR co-founder Henry Kravis over nearly…
House Hunting on Prince Edward Island: Nine Acres for $1.7 Million
Canada’s smallest province remains one of its most affordable, despite a shortage of inventory exacerbated by the pandemic….
$825,000 Homes in New Jersey, New Mexico and Wyoming
A 1796 stone-and-clapboard home in Stockton, an adobe house in Santa Fe and an Arts-and-Crafts-style home in Cheyenne….
Vornado might never reopen century-old Hotel Pennsylvania, CEO says
For more than 20 years Steven Roth has wanted to close the Hotel Pennsylvania, demolish it, and build a tower in its place. Now that the coronavirus pandemic has forced the Vornado Realty Trust CEO to…
Coronavirus Crisis Is Magnifying The Financial Hardship Of Millennial Homeowners
New studies reveal the coronavirus pandemic is having a dramatic effect on Millennial households. …
Real estate pros and foes clash on rent strike, Covid response
Real estate professionals and tenant advocates agree that the federal government needs to provide more relief. But that’s where their common ground seems to end. During the latest TRD Talks Live panel Monday, representatives from both…
Offerpad to resume home-buying
Following in the footsteps of rival Opendoor, another iBuyer will resume home buying this week. Arizona-based Offerpad said it will restart purchases after suspending that part of its operation in March due to the coronavirus. Starting…
Home-purchase loan requests rise for third straight week
An index tracking mortgage applications to buy single-family homes gained 6 percent, seasonally adjusted, last week from the week before. It was the third straight weekly increase, and a sign of life in a residential market…
TRD INSIGHTS: High-end homes vanish from market
The high-end residential market has shriveled more than any other during the coronavirus pandemic. In the five weeks beginning March 15, more $1 million-and-up homes were pulled off the market than were listed, according to an…
When pandemic reality hits reality real estate shows
The coronavirus outbreak has delayed shows or forced retooling. For one renovation series, ratings are ‘through the roof’ as viewers binge from home. …
The Pandemic and Package Overflow
To shelter in place, New Yorkers have ramped up online ordering, and apartment building porters and doormen are working hard to keep up….
“What, me worry?” Ladder Capital says firm can easily meet margin calls
Ladder Capital’s CEO has a message for investors: the lender is in good health and has enough cash to meet its margin calls. “Frankly, I have been dying to get on this call because I could…
Realtor.com lays off more than 100 workers
An executive team shakeup plus the coronavirus equals Realtor.com laying off more than 100 of its 1,400 employees. A source close to the real estate listings portal confirmed layoffs Tuesday in all offices and departments of…
Facing revenue shortfall, Airbnb lays off 2,000 workers
Facing a steep drop in revenue, Airbnb laid off nearly 25 percent of its workforce on Tuesday. In a memo to staff, CEO Brian Chesky described coronavirus as “the most harrowing crisis of our time” and…
“The relationship between landlord and tenant needs to change”: Fifth Wall’s Brendan Wallace on the need for a retail bailout
The head of the largest real estate-focused venture capital fund is advocating for a $30 billion government bailout of the retail industry, warning that it is on the brink of systemic collapse. Brendan Wallace, managing partner…
Vornado sees “tragic abyss” now, better times ahead
The coronavirus crisis is costing Vornado Realty Trust $9 million a month, CEO Steven Roth said on Tuesday morning’s earnings call. That loss comes from the closing of the Hotel Pennsylvania in Manhattan’s Penn District, the…
Simon Reopens Malls To A Wary Public
Simon Property Group yesterday posted news on its website that the mall operator had reopened 59 properties, with plans to have another 18 ready again for shoppers within the next week “with many more to follow.”…
Coronavirus Layoffs: Airbnb Sheds 1,900 Employees Amid Pandemic
The national crisis, spurred by the spread of coronavirus, has impacted nearly every industry….
