realestate
John Deere CEO John C. May is selling his stunning “barndominium” estate in Illinois, and pictures show a one-of-a-kind property that you have to see to believe. May’s 2-bedroom, 4-bathroom, 2,864-square-foot home sits on 80 rolling acres in Port Byron, Ill. Built in 2014, the main residence is fashioned like a red barn on the outside, while the inside is tricked out with luxurious amenities that include radiant heat floors, a full kitchen, a living room with an inviting fireplace and a primary bedroom suite with attached bathroom and closet. The rustic-luxe home also features an upper-level b...
PopCrush
Bank of America (BofA) analysts recently noted that the prolonged US housing affordability crisis won't improve until at least 2026 due to rising property prices and short supply as homeowners stay locked in due to elevated mortgage rates. While the US housing market appeared to stabilise after years of muted activity due to the pandemic, the latest data from the US Census Bureau indicate the housing market could be a drag to the economy in the foreseeable future. Housing data for May show that sales of new single-family rentals dropped 11.3% quarter-over-quarter (QoQ) to 619,000 from 698,000....
IBTimes
US new home sales witnessed a notable decline, contracting by 11.3% in May compared to April, according to the Census Bureau’s latest report on Wednesday. The data revealed that sales were recorded at an annual rate of 619,000 in May. Furthermore, the median house prices experienced a decrease, with homes selling at a median price of $417,400, down from $433,000 the previous month. Given the ongoing concerns of a US recession, as indicated by the CB Consumer Confidence Index.) for the fifth consecutive month, market watchers eagerly awaited the release of the latest figures from the US housing...
Invezz
A Swedish town is trying to attract more residents by selling land for just 1 krona (€0.08) per square metre. The new campaign is part of a project to help Göten, a small town with about 5,000 residents, attract new residents and make up for an aging population and falling birth rates. Who can buy the land?“Absolutely anyone is welcome to buy one of the plots,” Månsson said. “There are no rules or requirements as to who is allowed to buy one. It would be absolutely fantastic if we could get people from abroad interested in buying plots here, too.” He did not say whether Swedish residency or ci...
Euronews (English)
Investment firm KKR has announced the acquisition of a multifamily real estate portfolio valued at approximately $2.1 billion. The portfolio, acquired from a closed-end fund sponsored by developer Quarterra Multifamily, consists of 18 assets spanning across several states in the United States. Diverse portfolio of 5,200 units The recently acquired portfolio includes 5,200 units located in various key markets, including California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey. This strategic acquisition highlights KKR’s confidence in the multifamily sector’s res...
Invezz
To prove that he is no one-hit-wonder, Vanilla Ice, whose real name is Robert Van Winkle, has gone from being a joke in pop culture to a real estate tycoon. Thanks to his astute real estate investments, Ice has transformed his modest success into a multimillion-dollar empire. According to CelebrityNetWorth.com, Ice reportedly has a $20 million fortune. "I made millions for doing nothing!" Ice told comedian Steve-O on a recent episode of "Steve-O's Wild Ride!" podcast. With his 1990 smash hit "Ice Ice Baby," Vanilla Ice soared to fame, becoming a 90s party anthem icon. Reflecting on the peak of...
IBTimes
Realty Income (NYSE: O) stock price has underperformed the market this year. It has retreated by more than 7.4% this year while the S&P 500 and Nasdaq 100 indices have surged to their record highs. Realty Income is one of the most popular dividend companies in Wall Street, thanks to its long track record of generating returns for shareholders. It is a dividend aristocrat that has raised its dividends for 26 years and this trend will likely continue for a long time. The company also has a quality dividend yield of 5.95% and a payout ratio of 73.%, meaning that its free cash flow can cater for i...
Invezz
Medical Properties Trust (NYSE: MPW) stock price has erased some of its year-to-date gains as concerns about its business continued. It has crashed by over 24% from its highest point this year, moving into a deep bear market. It was trading at $4.80, its lowest level since May 28th. Short-squeeze slowsMedical Properties Trust has been the most shorted Real Estate Trusts (REIT) this year, with over 36% of its outstanding shares being held by short sellers. The other most shorted companies in the industry are SL Green, Office Properties Trust, and Pebblebrook Hotel Trust. It is easy to explain w...
Invezz
A near 30% hit to shares of CoStar Group Inc (NASDAQ: CSGP) spells opportunity to buy a quality name at a discount, says Nicholas Jones – a JMP Securities analyst. CoStar stock could climb to $110 He reiterated his “outperform” rating on the real estate data and analytics firm on Wednesday. Jones announced a price target of $110 for CoStar stock in a research note today that signals potential for a whopping 50% gain from here. The analyst is super bullish on CSGP because he recently had a meeting with the company’s investor relations team that made him more confident in its future prospects. W...
Invezz
CBRE Group (NYSE: CBRE) just announced plans of buying Direct Line Global from Guardian Capital Partners. Its shares have been in a downtrend over the past three months and are down another 1.0% on Wednesday morning. What we know about CBRE-Direct Line transactionThe commercial real estate services and investment firm did not disclose terms of its agreement with Direct Line Global including what it has agreed to pay for the acquisition. Direct Line currently employs more than 1,000 technicians for data centre services. Bill Nelligan – its chief executive said in a press release today: The Comp...
Invezz
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