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‘Coastal markets are going to start declining,’ Fundrise CEO says
Fundrise Co-Founder and CEO Ben Miller assesses the outlook of U.S. housing markets, investing in private real estate, and housing prices amid cooling demand. Video Transcript SEANA SMITH: After a hot couple of years, the housing market finally cooling off, but that doesn’t mean that there aren’t opportunities to invest in this space. Ben Miller, the co-founder and CEO of Fundrise, joins us now. Ben, since the last time you were on the show, certainly, a different housing market. We have seen report after report showing that the housing market is cooling down and cooling down quickly. So where are the most attractive opportunities in the space right now? BEN…
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Lowe’s CEO Marvin Ellison says work-from-home and a robust housing market continue to give the home improvement retailer a boost
Consumers may be preparing for spring and summer travel and events but Lowe’s Cos. Chief Executive Marvin Ellison says shoppers will keep spending on their homes. “The home will be forever redefined by the pandemic,” Ellison told MarketWatch on Wednesday after the home improvement retailer LOW, -1.80% reported fiscal first-quarter results. Key among the ways in which the home has shifted during COVID-19 is that for many it doubles as a workspace. He doesn’t see the nation’s workers heading back to the office in the same way they did before the pandemic. “This drives a different kind of home spend that did not occur pre-pandemic,” he said. “That bodes well…
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Brown Harris Stevens CEO calls real estate reality TV ‘horrible’
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible” for the industry and the image of its brokers, a top brokerage CEO said Thursday. “This is not who we are,” said Bess Freedman, CEO of Brown Harris Stevens, at the The Real Deal’s NYC Showcase + Forum on Thursday. “We want to make sure that we maintain the integrity of our business.” Freedman took aim at shows like Netflix’s “Selling Sunset” and Bravo’s “Million Dollar Listing,” which highlight personal dramas and battles behind high-end real estate deals.…
