Buy & Sell

Gwyneth Paltrow Buys a Fixer-Upper for $4.9M; Opens up About Split with Chris Martin

Gwyneth Paltrow has joined the growing list of celebrities who are into buying a fixer-upper, as she recently purchased a home in Santa Barbara, CA for $4.9 million. The 43-year-old actress also opened up on her divorce from Coldplay frontman, Chris Martin.

Bank's Losses Increase in Commercial Real Estate

The fourth quarter CRE loss rates, which is the annualized charges as a percentage of average loan balances, is now being reviewed by regulators recently. This is part of the oversight on financial institutions' activities that are related to commercial real estate loans. The oversight was instituted to prevent the market crash recently experienced by the real estate market.

What’s Keeping Millennials from Buying a Home?

Millennials comprise the majority of potential homebuyers in the real estate market. This is the reason why several homes are already being constructed, which are more affordable to cater to the younger market and first-time buyers. Despite these measures, a recent report shows that homeownership rate in the U.S. is close to its lowest in the last 48 years. What is keeping millennials from buying a home?