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Real estate industry

More homes are sitting in Cleveland's real estate market, this broker says

by Amy Scott and Anais Amin
Nov 10, 2022
"The average days on market has gone from less than a week up to about 89 days," says broker Amanda Pohlman of Keller Williams Living.
"The market just isn't as robust as it has been," said Cleveland-based broker Amanda Pohlman.
Joe Raedle/Getty Images
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Many Chinese homebuyers are paying mortgages on homes they may never live in

by Jennifer Pak
Sep 14, 2022
With real estate firms in financial distress, thousands of people are left with unfinished condos. Some are trying to fight back.
Last year, musician Chen Peng took Marketplace to the development in Zhengzhou where he bought a two-bedroom condo. The development remains unfinished today.
Charles Zhang/Marketplace
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"We're in for a little bit of a roller coaster," San Francisco real estate agent says

by Sean McHenry
Jul 15, 2022
As mortgage rates rise, the housing market in San Francisco has come "to a screeching halt," says Cynthia Cummins.
In June, 14.9% of housing agreements nationwide fell through, Redfin reported.
Justin Sullivan/Getty Images
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Evergrande investors in China are worried but holding on

by Jennifer Pak
Oct 26, 2021
Evergrande is among the three biggest property developers in China and it seems to have the backing of the Chinese communist party.
Evergrande founder Xu Jiayin overlooking China's communist party 100th birthday celebrations on Beijing's Tiananmen square. This photo was widely circulated in China's business press and boosted the perception that Evergrande is too big to fail.
Screenshot of Sina
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In China, it’s heads for a real estate win, or "rotten tails" — you lose

by Jennifer Pak
May 10, 2021
Owning property (or not) can determine your future in China. But it’s a gamble that doesn’t always pay off for those who have invested their life savings.
Last year, musician Chen Peng took Marketplace to the development in Zhengzhou where he bought a two-bedroom condo. The development remains unfinished today.
Charles Zhang/Marketplace
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Without enough houses to sell, real estate brokers see fewer transactions

by Andy Uhler
Mar 23, 2021
The National Association of Realtors says it has more members than the number of homes for sale at the moment.
Because of the way realtors traditionally get paid, it’s tough for everyone, especially those new to the business, said Jessica Lautz of the National Association of Realtors.
Saul Loeb/AFP via Getty Images
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If your neighborhood's name changes, it's probably being gentrified

by Adam Allington
Jul 18, 2017
Creative neighborhood renaming is common in real estate, but not all residents are on board with the trend.
A new apartment building is under construction August 2001 in Harlem, New York City.
Spencer Platt/Getty Images
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Summer camp has grown into a very big business

by Ryan Kailath
Jul 7, 2017
Millions of kids attend camps, which increasingly have to offer more than just color wars and swimming lessons to win customers
At the Admiral Farragut Academy summer camp a senior cadet instructs a younger camper on how to use a bow, circa 1950.
Douglas Grundy/Three Lions/Getty Images
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As homeowners feel wealthier with rising home prices, will they spend more money?

by Mitchell Hartman
Jul 6, 2017
Rising home prices have led to higher consumer confidence, but will that translate into more consumer spending in the near future?
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My Economy

My Economy: Life as a millennial renter priced out of the housing market

by Robert Garrova
Jul 5, 2017
A young working professional still thinks owning a home is part of the American Dream
Justin Sullivan / Getty Images
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