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Month: August 2021

Airbnb boasts second-quarter revenue beat but sounds Delta variant warning

Airbnb CEO Brian Chesky (LinkedIn) Airbnb’s business has rebounded decisively from the depths of the pandemic, but the near-term outlook for the business is still unclear as the virus mutates and resurges. Airbnb shares tumbled about 5 ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Fannie Mae to count rent payments toward mortgage approval process

Fannie Mae CEO Hugh Frater (Fannie Mae, iStock) Pay your mortgage bill on time and your credit score will go up. Pay your rent and it won’t. That dynamic has made it harder for renters to qualify for an affordable mortgage and become ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Floyd Mayweather drops $18M on Miami Beach mansion

Floyd Mayweather and the Palm Island mansion (Getty, DouglasElliman.com) UPDATED, Aug. 12, 5:05 p.m.: Former boxing champion Floyd Mayweather Jr. beat other buyers to the punch with the $18 million purchase of a waterfront Miami Beach ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Here are the most and least affordable cities for first-time homebuyers

(iStock) Are you an Angeleno looking to fulfill your dream of owning a home? The odds are stacked against you. A new study from NerdWallet examined home affordability across the U.S. during the second quarter. Los Angeles easily ranked ...

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  • 12 Aug
  • The Real Deal
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Adam Neumann sells Greenwich Village townhouse

Adam Neumann and 41 West 11th Street (Getty, Corcoran) Adam Neumann no longer wants to make it work in Greenwich Village. The WeWork co-founder and former CEO sold his townhouse at 41 West 11th Street for $13.65 million, according to ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Swig sells Pasadena office complex amid active i-sales market

Swig Company CEO Jim Carbone and 443 South Raymond Ave (The Swig Company) The Los Angeles office market continues to struggle but in Pasadena, the investment sales market has been active. In the latest deal, Swig Company sold a ...

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  • 12 Aug
  • The Real Deal
  • Uncategorized
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Billions in allotted rent aid hasn’t gone out

President Joe Biden (Getty, iStock) The federal government has appropriated billions of dollars to help besieged renters and landlords across the U.S. weather the economic storm, but states and municipalities have yet to distribute ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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Builders selling new homes faster than they can construct them

Builders are now restricting sales to avoid being overwhelmed — causing prices to climb even higher. (iStock) Can the housing market get too hot? It’s starting to appear that way, with builders struggling to keep up with demand for new ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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Real estate stung by “sobering” climate report

Rising sea levels could cause flooding and threaten coastal home values. (iStock) A new United Nations report paints a bleak picture: The world is on a path toward climate destruction, sea levels will continue to rise, ice caps will ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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U.S. investment sales rebound with one of busiest quarters ever

Total investment for the past four quarters in South Florida, Austin and Atlanta increased by 18.7 percent. (iStock) U.S. commercial real estate investment bounced back in the second quarter, reversing the downward trend of the ...

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  • 11 Aug
  • The Real Deal
  • Uncategorized
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