Real

‘An increasing squeeze on list prices.’ 3 top economists and real estate pros on the housing markets where home prices will drop the most this year

Some markets may be more vulnerable to home price cuts than others, pros say. Getty Images Buyers in some markets are already getting — or may soon get — some relief in the form of lower home prices, pros say. Already, in the last 4 – 8 weeks, experts have noticed downward price pressure in …

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Bank of America sees ‘no real signs of a bull market,’ calls for S&P 500 to fall to 3,600

The market is still not out of the woods despite the recent comeback, according Bank of America. “Optimism around a soft landing and 1H23 rate cuts has diminished following Jackson Hole, and there are still no real signs of a new bull market yet,” Savita Subramanian, Bank of America’s head of U.S. equity and quantitative strategy, …

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3M combat earplug lawsuits to proceed, judge rules, despite bankruptcy case

The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.comRegisterAug 26 (Reuters) – 3M Co must face more than 230,000 lawsuits accusing it of selling defective earplugs to the U.S. military, after a U.S. …

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Tesla’s ‘full self-driving’ controversy now features homemade mannequins and tests on real kids

The North Carolina resident set out to refute a widely circulated video of a Tesla with the company’s “full self-driving” beta software — which allows the car to steer, brake and accelerate, but requires an attentive human driver ready to take the wheel — plowing into child-size mannequins. Dan O’Dowd, a software company CEO who …

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Adam Neumann, WeWork’s former CEO, has new real estate startup Flow, reportedly valued at more than $1 billion

Andreessen Horowitz, the prominent venture capital firm known for its early investments in Twitter and Airbnb, has pumped about $350 million into Neumann’s newest venture, called Flow, according to The New York Times, citing unnamed sources briefed on the deal. The investment valued the startup at more than $1 billion, according to the report. Representatives …

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Hybrid work ‘bigger concern’ than inflation or recession for commercial real estate: expert

Commercial real estate is down and hybrid work is a big reason why, according to one real estate executive.According to data from MSCI, commercial real estate transactions fell 22% in the second quarter from a year ago. And while inflation and an economic recession are both weighing heavily on the minds of real estate investors …

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The mysterious companies behind Costco’s Kirkland Signature and Trader Joe’s O’s The hidden companies behind store brands like Kirkland Signatur The real story behind store brands

They have become forces in their own right and make up around 21% of sales in the $1.7 trillion US grocery industry, according to IRI.But the origins of store brands remain largely secretive. Retailers aren’t typically forthcoming about the companies that make their brands. And manufacturers, likewise, have little incentive to reveal that they’re creating …

The mysterious companies behind Costco’s Kirkland Signature and Trader Joe’s O’s The hidden companies behind store brands like Kirkland Signatur The real story behind store brands Read More »

China plans real estate fund worth up to $44 billion for distressed sector, source says

The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021. REUTERS/Aly SongRegister now for FREE unlimited access to Reuters.comRegisterFund size initially to be set at 80 bln yuan -sourceNews comes as regulators scramble to reassure investorsFund alone will not ‘solve all the problems’ -economistBEIJING/HONG KONG, July 25 …

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China’s homebuyers are running out of patience with the real estate slump

Chinese real estate developers, including highly indebted Evergrande, have operated a business that relied on selling apartments before they were completed. Pictured here is an Evergrande development in Beijing on Jan. 6, 2022.Bloomberg | Bloomberg | Getty ImagesBEIJING — China’s real estate market desperately needs a boost in confidence, analysts said, after reports of homebuyers …

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I’m the chief economist for a $5 billion real estate data and title company. Here are 5 things you need to know about the housing market now

Mark Fleming Housing has become increasingly unaffordable to millions of Americans — with home prices and mortgage rates continuing to rise (see the lowest rates you may qualify for now here). So – as part of our series where we ask prominent economists and real estate pros their take on the housing market now – …

I’m the chief economist for a $5 billion real estate data and title company. Here are 5 things you need to know about the housing market now Read More »