Here at RealtyMogul.com, we keep our finger on the pulse of all things real estate, from finance to technology and everything in between. We make a point of sharing interesting articles and think pieces among RealtyMogul.com staff to help our team stay abreast of the market, and ahead of the curve.
So we thought, why not share some of these insights with you, our partners?
Got A Minute? Here’s some recommended reading with key points from the content:
- Study: The Best Cities For New College Grads In 2016 (Zumper)
- New study performed by Zumper with rankings based on six main factors: millennial population, young professional income, amenities/nightlife/restaurants/bars, employment rate, single/never married, and rent prices.
- Top 10 cities below ranked by overall score. They have also included regional ratings which include an expanded list of cities.
- How Airbnb is tackling Multifamily (Bisnow)
- Airbnb has grown substantially in recent years but still faces difficulties in the multi-family space as property managers worry about liability and getting a piece of the revenue. The article focuses on how Airbnb is trying to form partnerships with owners and property managers. Representatives from Equity Residential, Avalon Bay Communities, and Camden Property Trust have reportedly met with Airbnb to discuss allowing tenants to use the service.
- Why the Biggest Big-Box Stores Survive (The Atlantic)
- A piece from The Atlantic detailing why some big box stores survive and why others die. As a point of comparison, the study found that between 2000 and 2013, Costco’s sales grew by $50 billion while Amazon added $38 billion. Two University of Chicago professors found “that a certain kind of big box stores, that is supercenters and warehouse stores, they’ve been doing great and they’re still doing great. That’s your Walmart supercenters, that’s your Meijer, Costco, Sam’s Club. If you get to specific other stores that sell specific goods, like sporting goods, office equipment, then it’s a mixed bag.”
- According to Syverson’s research, sales at warehouse stores and supercenters grew 10 times from $40 billion to $420 billion from 1992 to 2013. But over the same period, sales and employment at department stores shrunk.
- The study finds that the successful stores have all had a food component. “Club stores, supercenters, and big-box grocery stores all involve some element on food which is perishable and really has not had much success being delivered online,” says Paul Ellickson, a University of Rochester professor. Ellickson adds that the perks of convenience and variety offered by online shopping tend to lose value when it comes to items that consumers may want to inspect personally, may be uncomfortable buying online, or may be difficult to return.
- Judges Throw Out $1.27 Billion 'Hustle' Settlement Against BofA (Fortune)
- A US court threw out a jury’s finding that BofA was liable for mortgage fraud for their role in the 2008 financial crisis, avoiding a fine of $1.27B. Previously, the Justice Department claimed Countrywide, which Bank of America bought in July 2008, defrauded government-sponsored mortgage financiers Fannie Mae and Freddie Mac by selling them thousands of toxic loans.
- The most recent ruling found that Countrywide breached contracts to sell investment-quality loans and there was no proof it intended any deception.
- Apartment REITs Continue Their Selling Spree (National Real Estate Investor)
- Big REITS continue to be big net sellers for trophy assets in primary markets and large portfolios. The article details some of the transactions for some of the bigger REITs: Equity Residential, AvalonBay, and Camden.
- Consumers have a new mindset about clothes — and it's bad news for Macy's, Kohl's, and JCPenney (Business Insider)
- Interesting article on millennial’s purchasing habits. The article theorizes that consumers are now “less interested in disposable apparel, something they buy and wear for just one season, and they’re looking to get more longevity of their clothing. People don’t mind spending extra money on something that’s like an investment piece that will stay with them, won’t go out of style and can be worn for several seasons.”
- While they like higher quality pieces, many millennials are also extremely value driven. "There are two ways to approach having a limited budget — you can either buy really cheap stuff and a lot of it or buy higher quality things and fewer of them." Brands that fall in the middle are having trouble stimulating an “emotional” experience of providing value. The brands stuck in the middle need to find better ways to captivate shoppers.