Economy
How Wall Street’s REIT giants are reshaping U.S. real estate September 5, 2023

How Wall Street’s REIT giants are reshaping U.S. real estate

U.S real estate investment trusts today manage $4.5 trillion in real estate worldwide. Many groups on Wall Street offer these tax-friendly funds to retail investors. KKR’s real estate business is one of the big players in the REIT game. The private equity firm manages multiple REIT funds. The KKR Real Estate Select Trust, which currently manages…
Homes Are Selling for Near-Record Highs as Supply Falls to New Low, Demand Picks Up July 18, 2023

Homes Are Selling for Near-Record Highs as Supply Falls to New Low, Demand Picks Up

A record low number of homes for sale combined with an uptick in homebuyer demand propped up housing prices in June, even as elevated mortgage rates kept many buyers on the sidelines. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median U.S. home sale price was $426,056 in…
Seeing the Effects of Higher Interest Rates on Housing Supply June 21, 2023

Seeing the Effects of Higher Interest Rates on Housing Supply

Fewer builders are starting new homes amid high prices for materials and loans, and the trends are threatening housing shortages. The Fed is fighting inflation today at the cost of boosting inflation in the future. High interest rates hurt construction because they make it more expensive for developers to build...

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