Patrick Clark

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Why NYC Apartment Buildings Are On Sale Now For 50% Off

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Rent stabilization provides a foothold for the working class and costs landlords millions.

A $560 Billion Property Warning Hits Banks From N.Y. To Tokyo

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Lenders face the prospect of more defaults as landlords struggle to pay loans or walk away from buildings.

Why 6% Commissions On U.S. Home Sales Are On Trial

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The broker commission system is under attack from multiple directions.

Zillow Plunges After Verdict On Real Estate Brokerage Commissions

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A jury awarded $1.785 billion in damages after finding the real estate industry colluded to inflate commissions.

Billionaire Sternlicht Sees 'Category 5 Hurricane' Spurred By Fed Rate Hikes

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The Starwood Capital Group chairman scooped up distressed assets in the aftermath of the US savings and loan collapse.

Wall Street Is Losing Out To Amateur Buyers In The Housing Slump

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Big money spent a fortune snapping up homes. Now, regular folk are outsmarting the pros.

Mortgage Rates Drop For A Fifth Straight Week

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The monthly payment on a $600,000 loan at current rates is $3,718, up from $2,565 at the end of last year.

Why Blackstone's $69B Property Fund Is Signaling Pain Ahead For Real Estate

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The property industry is grappling with a pullback from investors, financing challenges and even more layoffs.

Zillow Lays Off 300 Employees As U.S. Housing Market Slows Further

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Zillow is the latest real estate company to shrink its workforce in recent months.

Blackstone Single-Family Landlord To Halt Home Purchases In 38 Cities

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Home Partners isn't first large investor to back away from the overheated housing market.

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