“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.
Investing
Changing the ownership model.
“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.
Storyteller.
Madelyne Kirch is the founder of Sun & Moon Marketing Communications in New York. What differentiates her agency is its focus on real estate - everything from corporate, commercial and retail, to residential real estate. Madelyne founded her company almost 30 years ago, in her basement with a $2,500 investment. She’s always focused on real estate, a unique niche and a … [Read more...] about Storyteller.
Are investors to blame?
“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?
Slaying Gentrification.
David Kemper wanted to find a way to safeguard established renters against gentrification. His goal was to build a real-estate investment model that both stabilized existing rents and gave a voice to that community. Too many have suffered from racism and disinvestment in their neighborhoods. Across the country, communities are being torn apart because residents are being priced … [Read more...] about Slaying Gentrification.