real estate newspapers

Anywhere to Release Second Quarter 2023 Financial Results and Host Webcast on July 25, 2023

18/07/202321/04/2025dansa

MADISONS, NJ, July 17, 2023 /PRNewswire/ — Anywhere Real Estate Inc. (NYSE: HOUS), a global leader in residential real estate services, will release its financial results for the second quarter ended June 30, 2023on Tuesday, July 252023. The company will host a conference call and webcast to discuss its results and provide a business update that morning at 8:30am ET.

Anywhere RE Logo (PRNewsfoto/Realogy Holdings Corp.)

Investors may access the conference call live via webcast at anywhere.re under “Investors” or by dialing 888-330-3077 (toll free); international participants should dial 646-960-0674. Please dial in at least five to 10 minutes prior to start time. A webcast replay will also be available on the company’s website.

About Anywhere^BC

Anywhere Real Estate Inc. (NYSE: HOUS) is moving the real estate industry to what’s next. A leader of integrated residential real estate services in the US, Anywhere includes franchise, brokerage, relocation, and title and settlement businesses, as well as mortgage and title insurance underwriter joint ventures, supporting approximately 1.2 million home transactions in 2022. The diverse Anywhere brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and

Buying Property For Airbnb – How to Get Started

17/07/202321/04/2025dansa

It’s undeniable that Airbnb properties have the potential to generate huge rental returns, but unfortunately, this potential alone will not boost your bank balance.

As I’m sure you’ve already gathered, with successful short-term letting businesses, location is everything!

Now, although Airbnb is famous for having rental properties in pretty much all environments in every corner of the globe, there are some key recommendations when it comes to investing in a property that will provide steady returns and high occupancy rates throughout the calendar year.

To achieve this, buying an Airbnb investment property in a popular UK city that offers a combination of affordable prices, strong rental yields, high visitor rates and regular music and sporting events is usually a winner!

Take Liverpool for example.

A city with a rich history, world-renowned character, popular nightlife scene, two premier league football clubs and the birthplace of the band that changed music forever – need I say the name?…

Liverpool is an ideal location to invest in a short-term rental property in terms of securing bookings all year round.

Additionally, the average property price in Liverpool is almost £110,000 below the UK average according to the most recent House Price Index, while rental

Brace for a Wave of Commercial Real-Estate Defaults

14/05/202321/04/2025dansa

Billionaire investor Howard Marks sounded the alarm on the commercial real-estate sector.
The Oaktree Capital co-founder warned of mortgage defaults that could add stress to the US financial system.
“We’re very likely to see mortgage defaults in the headlines, and at a minimum, this may spook lenders,” Marks said.

Billionaire investor Howard Marks raises the alarm on commercial real estate in what he labels as “one of the biggest worries” US banks face today.

In a Monday memo, the Oaktree Capital Management co-founder warned of a wave of mortgage defaults that could add stress to the US banking sector.

“We’re very likely to see mortgage defaults in the headlines, and at a minimum, this may spook lenders, throw sand into the gears of the financing and refinancing processes, and further contribute to a sense of heightened risk,” Marks said.

“Developments along these lines certainly have the potential to add to whatever additional distress materializes in the months ahead,” he added.

The commercial real-estate market has become investors’ newest concern thanks to higher interest rates, tighter lending

Green New Deal Boosts Appeal of New Build Investments

10/05/202321/04/2025dansa

Investing in new-build property has traditionally been a popular form of property investment due to the range of benefits it can offer – this has seen many investors purchase off-plan (before the house is completed) as a means of maximizing their potential gains.

The push towards making homes energy efficient in recent years has heightened the incentive to invest in new-build properties, as tenants wish to keep their energy bills down. As a result, this has seen increased demand for such properties.

In turn, new-build properties also tend to boast higher EPC (energy performance certificate) ratings of an A or B compared to the current UK housing stock which averages out at an D.

With recent government regulations expected to make all homes in the private rented sector a C rating minimum, it can be said that new-build investors will save significant figures in not having to perform extensive maintenance required in boosting their EPC rating.

It is also worth highlighting that 72% of renters aged 18 to 34 always check the energy rating of a home before renting, with many adding that they would not choose to live in a property with an EPC rating of D or below.

You’d need a raise of almost $20K to afford the same Calgary home you didn’t buy last year

04/05/202321/04/2025dansa

Sometimes, waiting can be a pricey move.

A buyer in Calgary today will need to earn $18,820 more in annual income to purchase the same house, compared to this time last year, according to a fresh report from Ratehub.ca, an organization that analyzes real estate and financial data.

As well, Calgary is the only city in the study to see an increase in the average price of a home from March 2022 to March 2023. It’s gone from $523,100 to $528,700.

A longtime real estate agent says Calgary is an anomaly.

“What we are seeing this year, in January, we were all anticipating there would be more inventory coming on the marketplace,” Len T. Wong of Greater Property Group told CBC News in an interview.

“And then in February, we started to realize that sales volumes were down 47 per cent and inventory levels were down as low as 2006, an all-time low.”

Len T. Wong is a Calgary realtor with Greater Property Group. — Len T. Wong is a real estate agent at Greater Property Group in Calgary. (Anis Heydari/CBC)

Inventories of single-family homes in the city are low, and that’s a double-edged sword.

“I think part of it is interest rates,” Wong said.

“There’s a little bit of a concern

Allied Properties Real Estate Investment (TSE:AP.UN) Hits New 12-Month Low at $24.30

25/03/2023dansa

Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) reached a new 52-week low on Wednesday . The company traded as low as C$24.30 and last traded at C$24.51, with a volume of 63325 shares. The stock had previously closed at C$24.73.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AP.UN. Raymond James decreased their target price on Allied Properties Real Estate Investment from C$38.50 to C$36.50 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. CIBC decreased their target price on Allied Properties Real Estate Investment from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Thursday, February 2nd. Finally, TD Securities lifted their price objective on Allied Properties Real Estate Investment from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. One equity research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Allied Properties Real Estate Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.34.

Allied Properties

Kenny Rogers’s Former Abode Is for Sale, a Richard Neutra Home Hits the Market, and More Real Estate News

15/03/2023dansa

One Wall Street welcomes move-ins

The largest office-to-condo conversion in New York history is about to welcome its first residents, as Macklowe Properties unveiled residential interiors at One Wall Street last week, ahead of expected move-ins this month. The 50-story building began life in 1931 as the Irving Trust Company Headquarters, an Art Deco tower designed by skyscraper pioneer Ralph Walker.

Five years of renovations included completely gutting the building’s interior—removing the existing plumbing, stairs, and even the elevator shafts to open the floors up more for residential use. “The only thing remaining in the building was the exterior, which had been landmarked,” developer Harry Macklowe told Bloomberg.

The building has now been wholly reimagined as a 566-unit luxury condo with 100,000 square feet of amenities, including a tricked-out coworking space, a 75-foot glass-enclosed indoor pool, and a private dining room by AD100 2023 Hall of Fame designer Deborah Berke. New street-level retail includes a Whole Foods and a sprawling Life Time Fitness Resort. (The building’s iconic Red Room will soon play host to French department store Printemps.)

On Thursday, Macklowe and AD PRO Directory listee FrenchCalifornia unveiled One Wall Street’s latest model unit: Residence 3404, part of the

Toronto Rental Market “A Perfect Storm”

10/03/2023dansa

In a narrative that Torontonians know all too well, rents across the city are soaring. According to the latest national rent report from Rentals.ca, average rent in the city rose to a budget-bruising $2,763 in January, up 20.8% from the year prior. The Toronto rental market continues to be the second-priciest in the country.

Rental affordability challenges have also spilled out of the Toronto core. In fact, Rentals.ca found that some of the highest rents in the country are in mid-sized markets in the Greater Toronto Area, with average monthly rent in Vaughan, Oakville, Etobicoke, Mississauga, Brampton, and Burlington climbing past the $2,400 mark in January.

For renters in and around the city, there’s little reprieve in sight.

Homeownership Still “Out of Reach”

“It’s a perfect storm. I mean, you can’t point to just one thing,” says Karen Chapple, Director of the School of Cities at the University of Toronto. “But number one is the interest rate increases, and how that’s pushed homeowners into the rental market. Homeownership is out of reach for even more people right now.”

She adds, “Incomes have really hardly budged as housing prices have skyrocketed, so that’s a huge problem.”

Celebrating Excellence, One of Houston’s Top Black Broker/Owner and INC 5000 Recipient, Jemila Winsey Named RIMedia 2023 Real Estate Newsmaker

04/03/2023dansa

Jemila Winsey joins an exclusive group of industry leaders who have made newsworthy contributions to the real estate industry.

ERA Legacy Living is pleased to announce that Jemila Winsey, CEO/CO-Founder has been selected as an RIMedia 2023 Real Estate Newsmaker—a dynamic group of key influencers making headlines as a result of their newsworthy contributions to the real estate industry and their efforts to positively affect the consumers and communities they serve.

The article begins with a quote from the editor: “Started from the bottom” is a concept so overused that it has become almost meaningless, but that self-made woman moniker couldn’t be more true when applied to Jemila Winsey”….Read the entire article in the RIMedia Publication.

RIMedia, the leader in US real estate news and information services, announced its more than 300, 2023 Real Estate Newsmakers on Feb. 1, in both an online directory on RISMedia.com and in the February issue of its flagship publication, Real Estate magazine.

RISMedia’s 2023 Real Estate Newsmakers were nominated in 2022 by RISMedia readers and editors and are showcased in the following categories: Influencers, Trailblazers, Futurists, Achievers, Crusaders and Luminaries.

“It’s always so inspiring to see the incredible accomplishments of so many real estate

Canada’s Luxury Real Estate Market Is Still Going Strong & Here’s How Much People Are Paying

13/02/2023dansa

With inflation and rising interest rates, it’s probably no surprise that Canadian house prices are predicted to fall in 2023.

However, it looks like one sector isn’t being affected all too much.

According to the latest report by real estate brand Engel & Volkers, Canada’s luxury real estate market is thriving. Yup, even in this market.

The company’s 2022 Year-End Luxury Real Estate Market report found that while rising interest rates had “triggered market normalization,” many luxury markets are holding their value.

In Halifax, for example, the luxury real estate market actually grew in 2022. In 2021, homes priced over 1 million accounted for 2.6% of all units sold, which grew to 4.6% in 2022.

Moreover, the number of condos sold, which were priced between $1 and $3.99 million also increased, from 13 in 2021 to 20 in 2022.

In Montreal, sales volume dipped by 55% in the second half of 2022. However, despite this, the provinces saw the prices for all property types combined hold in the $1 million to $3.99 million range.

Ottawa’s $1 million-plus market saw year-over-year growth in sales volume.

In Toronto, the sales volume of condos priced between $1 – $3.99 million went up by