Pending home sales fall 2.4% in third straight drop

Homebuyers retreated in August, unenthused by the meager supply of homes for sale and by accelerating prices. Signed contracts to buy existing homes fell 2.4 percent for the month to the second lowest level of the year, according to a monthly index from the National Association of Realtors (NAR). July’s reading was revised down as well. These so-called pending home […]

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Final Regulations Clarify Definition of “Real Property” for REIT Purposes – Lexology (registration)

REITE

On August 31, 2016, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) issued final regulations under section 856 of the Internal Revenue Code of 1986, as amended (the “Code”), which clarify the definition of real property for real estate investment trust (“REIT”) purposes (the “Final Regulations”).[1] While the Final Regulations generally adopt proposed regulations issued […]

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Detroit housing rises from the ashes

Frank Tarala is a lifetime Detroiter. As a boy, he used to go downtown with his father to see Tigers games. They would always go directly home afterward. There was nothing downtown to keep them there. Now, Tarala’s daughter works downtown and wishes she could afford to live there. “She’s a millennial, and they absolutely have fallen in love with […]

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No, you probably can’t afford that house. Here’s why

Home prices are heating up again, and incomes are not catching up, because even though household incomes jumped sizeably last year, home prices rose far faster. The result: One in four housing markets is now less affordable than its long-term historical norm and 63 percent of U.S. counties are seeing home affordability worsen compared to a year ago, according to […]

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Greenberg Traurig Advised Rockcastle in Year's Largest Single Property Transaction in Poland – Benzinga

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Greenberg Traurig advised Rockcastle Global Real Estate, a property company specializing in retail centers in Central and Eastern Europe, in the acquisition of Bonarka City Center in Kraków, from TriGranit (TPG). Warsaw (PRWEB) September 28, 2016 Greenberg Traurig advised Rockcastle Global Real Estate, a property company specializing in retail centers in Central and Eastern Europe, in the acquisition of Bonarka […]

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Low Supply Levels Restrain Contract Signings

Pending home sales softened in August for the third time in four months, and retreated to the lowest level since January, the National Association of REALTORS® reported Thursday. Regional Breakdown Here’s a closer looking at August’s reading of NAR’s Pending Home Sales Index across the country: Northeast: pending home sales increased 1.3 percent to a reading of 98.1 in August, […]

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Real Estate Roundup: Self-Storage Transactions September 2016 – Inside Self-Storage

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Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Following are additional acquisitions and sales that weren’t covered independently due to missing information such as buyer, seller, sale price or other relevant details. A-1 […]

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Comcast/Pioneer Press building sells to Wisconsin investment firm – TwinCities.com-Pioneer Press

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10 River Park Plaza, an eight-story office building overlooking the Mississippi River near downtown St. Paul, has a new owner. Sara Investment Real Estate of Madison, Wis., purchased the property on Tuesday for $42.6 million — about twice as much as the previous owner paid a year ago. Frequently referred to as “the Comcast building,” 10 River Park Plaza is home […]

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What You Need to Know About Investing in Crowdfunded Real Estate – Zing! Blog by Quicken Loans (blog)

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When you hear the word crowdfunding, you probably envision an online campaign with a polished promotional video urging you to “invest” in a product’s development. This is known as rewards-based crowdfunding, and it’s the most popular form, partly because anyone can participate and the barriers to entry are as low as $1. With rewards-based crowdfunding, the best-case scenario is that […]

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