The middle class is having trouble keeping up with the hike in home prices, especially as competition for homes grows. In most big cities, rising home prices and mortgage rates are making it more difficult for the average-income worker to afford homeownership. However, this is not the case with all cities in the country. According to realtor.com, a person earning a $60,000 salary could comfortably …

Where Buyers Who Earn $60K a Year Can Buy a Home Read more »

A tandem loan refers to a pair of loans taken out on a single asset. They typically get attached to large assets, including single-family homes or commercial real estate that uses multiple sources of funding in the course of the asset’s life. Tandem loans can make financial sense in cases where a single loan equal in size to a tandem loan would generate additional fees …

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Voice assistants (think “Alexa,” from Amazon) are becoming increasingly useful in real estate. They ease the transfer of money, and some property managers are experimenting with allowing their tenants to pay rent through their voice assistants. A new deal between Zego and S2 Capital is linking smart-home devices in 30,000 apartments over the next 3 years. NTT Data services also implemented an Amazon Alexa skill …

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San Francisco is famous for being expensive, but how expensive is its most expensive listing? The home lies behind a gate in Russian Hill, and is 9500 sq feet with a wellness center. It has a steam room, a sauna, and a hot tub with UV filtration. It also comes with a garden that sits on a third of an acre and shelters century-old olive …

You’ll Never Guess How Much San Francisco’s Most Expensive House Is Read more »

A triple net lease is an agreement that designates that the tenant is solely responsible for all costs relating to what is being leased, in addition to the rent fee. It is called a triple net lease because it requires the tenant to pay the net amount for 3 types of costs – real estate taxes on the leased asset, building insurance, and common area …

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For the last few years in big cities like Manhattan, new housing developments and condos overtake the co-op resale market. But, as competition for homes remains fierce and prices continue to climb in these already barely affordable markets, some buyers are returning to the co-op structure hoping to find some respite from soaring prices. A few years ago, new developments were exciting, as a few …

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