Blackstone Group has poured billions into real estate in the past few years, but the U.S. housing market has lost its “big pop” as an investment option, CEO Stephen Schwarzman told CNBC on Wednesday.
Read more: http://www.cnbc.com/id/101506348
Blackstone Group has poured billions into real estate in the past few years, but the U.S. housing market has lost its “big pop” as an investment option, CEO Stephen Schwarzman told CNBC on Wednesday.
Read more: http://www.cnbc.com/id/101506348
The mercury was fighting to hit 7 degrees as investors began pitching their tents near the Gwinnett County Courthouse just outside Atlanta. It’s “Super Tuesday,” and that means nearly 3,000 foreclosed properties will be set for auction across the greater Atlanta area, no matter what the temperature outside.
Read more: http://www.cnbc.com/id/101316694
We have a winner — and a new champion!
Read more: http://tinyurl.com/padhre6
Higher home prices, and potential higher interest rates have reignited investor interest in the rental market. CNBC’s Diana Olick, offers insight.
Video: http://tinyurl.com/or9pmw5
As home prices rise, demand for jumbo mortgages is rising too. And as investors look for new ways to cash in on the housing recovery, these mortgages are starting to look more attractive.
Read more: http://www.cnbc.com/id/100802833
The numbers just keep going up. Home prices are defying gravity and expectations, which has some asking exactly how real they are and what is driving them. The answers lie, again, in the numbers, which vary depending on what particular report you choose.
Read more: http://www.cnbc.com/id/100715894
CNBC real estate reporter Diana Olick with what to expect in the housing sector this spring.
Video: http://tinyurl.com/cdlle24
One of my favorite activities is to watch CNBC documentaries. I am always amazed at the depth and quality of reporting that is done to present a top notch presentation which simultaneously entertains and informs.
In late 2009, an episode was produced called “Painful deal in the desert” which described John’s story. He had a very successful background having amassed a net worth of approximately $100 million dollars as founder of a software company. To this day, his name is known around the world. John had cashed out his considerable fortune in software and decided to enter the land of real estate investing. Although it was not overnight, his net worth began to slide as the housing market began to correct in the mid 2000’s. From that point on, his net worth declined until the day the show aired, he was worth approximately four million. A 96% drop in net worth is considerable for anyone. John admitted he did not know what he was doing in the realm of real estate investing. The implication was that if someone has talent in one area, that does not necessarily mean that success and skills are transferable from one financial endeavor to another which is also something I will personally agree with.
By the way, John’s last name is McAfee as in the founder of an antivirus program which your computer may be running right now.
Read more: http://tinyurl.com/bnroxp5