Real Estate Tech News


US construction spending grew just 0.1 percent in February

US construction spending grew just 0.1 percent in February

WASHINGTON — Spending on U.S. construction projects ticked up a mere 0.1 percent in February from the prior month, a sign that a growing economy is doing little to spur a more rapid pace for building homes, hospitals and highways.
Spring home buying season begins: pending home sales rise

Spring home buying season begins: pending home sales rise

The spring home buying season is already beginning as pending home sales reversed course and increased in much of the country in February, according to the latest report from the National Association of Realtors.
Seattle-area home market heats up yet again, leading the country for 17th straight month

Seattle-area home market heats up yet again, leading the country for 17th straight month

Single-family-home values in the metro area of King, Snohomish and Pierce counties have been rising faster than anywhere else in the country since mid-2016. Seattle kicked off 2018 the same way it spent the prior year and a half, as the hottest real-estate market in the country, with no slowing down.
New-Home Sales in U.S. Cool for Third Month as Prices Surge

New-Home Sales in U.S. Cool for Third Month as Prices Surge

Sales of new U.S. homes fell for a third straight month and supply swelled to the highest since 2009, suggesting that surging prices are increasingly deterring buyers, according to government data released Friday.
Fidelity National Agrees to $1.2 Billion Deal for Stewart

Fidelity National Agrees to $1.2 Billion Deal for Stewart

Fidelity National Financial Inc. agreed to buy Stewart Information Services Corp. for $1.2 billion to bolster its position in the title-insurance market. The deal will be paid half in cash and half in Fidelity National common stock, the Jacksonville, Florida-based company said Monday in a statement.
Travis Kalanick is buying a new company that rehabs real estate and will run it as CEO

Travis Kalanick is buying a new company that rehabs real estate and will run it as CEO

Former Uber CEO Travis Kalanick has found his new job. The controversial Silicon Valley entrepreneur is joining a startup called City Storage Systems that focuses on repurposing distressed real estate assets like parking lots or abandoned strip malls and turning them into spaces suited for new industries, such as food delivery or online retail.
Home-builder confidence drops for third month in a row, NAHB says

Home-builder confidence drops for third month in a row, NAHB says

The numbers: The National Association of Home Builders’ monthly confidence gauge ticked down one point to a reading of 70 in March, the group said Thursday. After touching the highest since 1999 in December, the closely-watched sentiment tracker from the home builder lobby group fell for the third straight month in March. February’s reading was revised down one tick, to 71.
THE QUEST TO BRING 3-D-PRINTED HOMES TO THE DEVELOPING WORLD

THE QUEST TO BRING 3-D-PRINTED HOMES TO THE DEVELOPING WORLD

N THE LOW-SLUNG hills of El Salvador, building a house is not an easy task. The land is vulnerable to earthquakes, flooding, volcanic eruptions. The roads are rugged, electricity sparse. For the past several years, New Story—a housing charity based in San Francisco—has built over 150 homes there, ...
Developer gets green light for $100M Drivers Club Miami project

Developer gets green light for $100M Drivers Club Miami project

South American developer Carlos de Narváez is moving forward with his $100 million luxury auto club project, Drivers Club Miami. Miami-Dade County commissioners unanimously approved the developer’s proposal to turn county-owned land just west of Miami Gardens into a “country club for cars,” according to a press release.
WeWork Ups Pay for Brokers at Trio of Firms Who Find and Fill Coworking Space

WeWork Ups Pay for Brokers at Trio of Firms Who Find and Fill Coworking Space

WeWork has signed agreements with CBRE, Cushman & Wakefield and JLL in North America, offering brokers at the firms greater compensation if they find and fill coworking space, Commercial Observer has learned. WeWork is unique in that as we become more sales driven with our real estate approach we can partner with ......


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