Real estate titan Barry Sternlicht says he will 'have to' drop employees in favor of AI
Billionaire Barry Sternlicht, chairman and CEO of Starwood Capital Group, is a legendary, legacy real estate investor. He called the impact of AI "terrifying."
Billionaire Barry Sternlicht, chairman and CEO of Starwood Capital Group, is a legendary, legacy real estate investor. He called the impact of AI "terrifying."
The intended purpose of a longer-term mortgage would be to lower the monthly payment for homeowners. But a lower monthly payment, has other trade-offs.
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Billionaire real estate investor Barry Sternlicht said his New York team at Starwood Capital is saying for the first time, "Maybe we should leave."
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Mortgage rates started last week quite low and then shot higher, causing demand for both refinance and purchase mortgages to drop.
CRE deal trends in September reveal several themes: Flight to quality, economic uncertainty hitting the hotel sector hard, and a growing interest in two sectors.
JLL found that 88% of investors, owners and landlords said they have started piloting AI, with most pursuing an average of five use cases simultaneously.
Mortgage rates surged higher after the Federal Reserve cut its benchmark interest rate. The market reacted to comments from the chairman on future cuts.
More buyers are turning to adjustable-rate mortgages, which offer lower initial rates than fixed-rate loans. But there are some risks.
Here’s a look at all of the ways the Fed decision could affect your finances.
Vacancy rates in the subsector were 7.8% at the start of 2016, but came down to 4.4% by the beginning of this year, according to data from CoStar Group.
Refinance demand, which is most sensitive to interest rate changes, jumped 9% for the week and was 111% higher than the same week one year ago.
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Many types of consumer loans are impacted when the Fed trims its overnight lending rate.
Manhattan is still among the most expensive markets in the country, especially on a per-square-foot basis.
Home sales rose slightly in September, thanks to falling mortgage rates and more supply on the market, but prices are still gaining from a year ago.
Rents for both single- and multifamily homes are coming down, as more supply hits the market and demand weakens.
Most real estate agents surveyed by CNBC listed affordability as the No. 1 reason why buyers are delaying their purchases.
Chinese policymakers won't likely release much more support for the struggling property sector, as tech competition and other issues are more pressing.
Sliding mortgage rates are pushing more current borrowers to refinance and also juicing demand for adjustable-rate loans.
Roughly $4 trillion of real estate will be tokenized by 2035, according to the Deloitte Center for Financial Services.
President Trump is threatening to call in federal troops to San Francisco as evidence mounts that the city is undergoing a post-pandemic resurgence.
The new DuPont will focus on four key markets: health care, water, and diversified industrials.
Powered land needs to be secured with the permits, utility commitments, and infrastructure needed to deliver power to a data center.
China's real estate market is on track to drop more than previously expected this year due to the lack of government support, S&P Global Ratings said.
If a home for sale looks too perfect, that may be because the owner is using AI to virtually enhance the real estate listing.
Some Gen Z and millennial renters are making certain housing sacrifices to afford wedding events, report finds. Here's what to do instead.
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