“America’s housing crisis is a longstanding problem. But recent reports of private hedge funds buying up detached houses and townhouses is likely to make an already difficult situation even worse. When hedge funds purchase such properties, those homes are not likely to come back on the real estate market. They are gone for now—and probably for the long term.” … [Read more...] about Hedge funds and the Housing Crisis.￼
Jim is an infill developer and sustainable development advisor based in Sonoma County, California. Known for his aspirational but practical approach, he works with a range of tools and best practices to communicate the value of inspired design and sustainability within the realities of local market norms. With over forty years experience as an urban designer, land planner, … [Read more...] about I finally found my tribe.
“Every neighborhood deserves a vibrant local economy filled with businesses that serve residents’ needs. Equitable access to commercial real estate is key to making that happen” write Tracy Loh and Andre Perry for Bloomberg. Undervaluation of homes plays a large part in racial wealth inequality. According to Fannie Mae, Black homeownership sits at 42 percent while white … [Read more...] about Changing the ownership model.
Brinda Devine has over 25 years of experience in real estate, beginning at age 29 with Acquest Development, where she earned her real estate broker license and served as their Vice President of Asset Management. She then joined Wayne State University, where she established a Real Estate Office which facilitates the purchase and sale of land and buildings for the University, and … [Read more...] about No more broken promises.
“About 2.5 million households shopping for a first home will be shut out of the market this year, estimates Nadia Evangelou, senior economist with the National Association of Realtors. That amounts to 15 percent of all first-time home buyers. In an already daunting market, investor purchasing is adding to the obstacles.” Writes Sophie Kasakove for The New York Times. Large … [Read more...] about Are investors to blame?