Buying a house? Keep these five tips in mind

The best way is to set up income through multiple sources to avoid any disruptions later.

© Provided by The Financial Express
The best way is to set up income through multiple sources to avoid any disruptions later.

Buying a home is usually the biggest financial decision of our lives which requires a lot of planning and research, due diligence, and a highly focussed approach. A wrong decision while buying a home can cause financial distress, but in the current situation, it could have devastating financial implications. However, it’s also a fact the realty market has witnessed attractive price corrections amid record-low home loan interest rates. Here are a few important things you should keep in mind before taking the plunge.

Stable source of income

It’s important to have stable and adequate income while you plan to buy a home. Many who are servicing home loans are struggling to pay their EMIs after losing their jobs or experiencing pay-cuts because of the Covid-19 crisis. And while the moratoriums have given them temporary relief, their overall loan burden or repayment tenure is likely to have increased. If you plan to buy a home now, you must make sure that you will have sufficient funds to repay your loan dues in full on time. The best way is

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Will Inflation Accompany Recovery? What Real Estate Investors Should Consider

A bunch of cash and finally some ways to spend it sound like a formula for inflation as America begins to recover from the pandemic.

“Between the closed theaters and restaurants, the prices slashed by airlines and half-empty hotels, and the government benefits paid or in the pipeline, Americans may have as much as $2 trillion in extra cash socked away by this spring,” Reuters said in a piece it posted ahead of the late-January meeting of the Federal Open Market Committee (FOMC).

That piece included this quote from Fed Chair Jerome Powell from earlier in January: “As people return to their normal lives … there could be quite exuberant spending, and we could see upward pressure on prices.”

Fed chair expects ‘transient’ inflation, will tolerate above 2% for a while

Well, the typical response to inflation is to make money more expensive — i.e., raise interest rates — but instead, the FOMC’s two-day meeting on Jan. 25-26 resulted in the Fed announcing on Jan. 27 that it would keep interest rates near zero and that it would continue to buy massive quantities of bonds each month.

Powell did say that he expects to see inflation move higher

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Stone Point, Insight Agree to Buy Real Estate Firm CoreLogic

(Bloomberg) — Funds managed by Stone Point Capital and Insight Partners have agreed to buy the real estate data firm CoreLogic Inc. in a deal with an equity value of about $6 billion.

a room filled with furniture and a flat screen tv: A living room is displayed inside of a newly renovated home in West Philadelphia, Pennsylvania.

© Photographer: Charles Mostoller/Bloomberg
A living room is displayed inside of a newly renovated home in West Philadelphia, Pennsylvania.

Stone Point and Insight are acquiring the company at $80 a share, a 51% premium to CoreLogic’s unaffected share price on June 25, according to a statement Thursday.


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The auction had come down to a group led by Warburg Pincus and CoStar Group Inc., according to a person familiar with the matter, who asked to not be identified because it isn’t public.

The Warburg Pincus group had submitted a cash bid at $74 a share, one of the people said. Stone Point Capital was part of the original Warburg Pincus group and continued negotiations after Warburg Pincus left the group, the people said.

Earlier this week, CoStar had offered to bid 0.0933 per CoreLogic share, they added. This was worth $86 a share based on CoStar’s close on Wednesday, according to Bloomberg calculations.

CoStar’s bid didn’t include a stock collar, which would protect the deal value

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StepStone Real Estate Announces Senior Management Team Realignment

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) — StepStone Real Estate (SRE) announced today that it has realigned its senior management team by appointing the following titles and responsibilities: Josh Cleveland, Partner, was named Head of EMEA; Kieran Farrelly, Partner, was named Head of Market Research; Brendan MacDonald, Partner, was named Chief Operating Officer; and John Waters, Partner, was named Head of Investments. Jeff Giller remains Head of StepStone Real Estate.

Jeff Giller said, “Giving our high quality senior management team members direct responsibility for regional and functional areas such as operations, investments and market research will ensure that as we grow, we will continue to maintain the high standards that SRE’s investors and clients deserve.”

As previously announced, SRE’s special situations secondaries fund closed in September 2020 with commitments exceeding the fund’s target by 40%, and SRE continues to expand its advisory service practice. In November, Margaret McKnight, formerly Chief Investment Officer and Head of the Americas for Carlyle’s Metropolitan Real Estate Investment Management division, joined SRE as Partner.

About StepStone and StepStone Real Estate

StepStone Group Inc. (Nasdaq:

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10x Genomics buys big site for Pleasanton campus

PLEASANTON — 10x Genomics has bought a big Pleasanton site where the fast-growing biotech company intends to establish a major hub for its local operations.

The life sciences company plans to bulldoze a long-time retail center that once was packed with merchants but is now riddled with vacancies and replace it with a modern office campus next to Stoneridge Shopping Center.

The just-purchased redevelopment site is a few blocks away from the 10x Genomics headquarters, located at 6230 Stoneridge Mall Road.

10x Genomics paid $29.4 million for the shopping center site, according to documents that were filed on Jan. 25 with Alameda County officials.

The transaction was an all-cash deal, the county records show.

10x Genomics seeks to build three office buildings and a parking garage on the future development site, which is at 1701 Springdale Ave. and is bounded by Springdale Avenue, Stoneridge Mall Road, and Stoneridge Drive, county assessment records show.

The purchase is an indication that 10x Genomics plans a long-term presence and dramatic growth in Pleasanton.

In its annual report for the 2019 calendar year filed with the Securities and Exchange Commission, 10x Genomics sketched out some of the factors that are fueling its need to

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Bank of Italy is key part of downtown San Jose plan

SAN JOSE — The Bank of Italy historic tower in downtown San Jose is slated for more than an eye-catching renovation: The iconic high rise could become an office, cultural, retail, and food hub under a revamp that a development alliance has proposed.

Global development powerhouse Westbank has teamed up with local developer Gary Dillabough to launch a wide-ranging and long-term venture that would usher in a dramatic makeover of downtown San Jose, and the Bank of Italy tower is one of the early efforts in the endeavor.

“The Bank of Italy is an amazing building,” said Andrew Jacobson, head of development for Westbank’s San Jose initiative. “The historic characteristics are unlike anything you will see.”

Street-level view of Bank of Italy office and retail tower, looking north along South First Street in downtown San Jose, with exterior staircase and entrance to Fountain Alley visible, concept. Bjarke Ingels Group / Westbank

A top-to-bottom, inside-and-outside renovation and rehabilitation of the historic tower at 12 S. First St. in San Jose is long overdue, Jacobson said. Now, the upgrade is ready to happen under the guidance of Westbank and Dillabough’s Urban Community company.

Detailed view of the exterior staircase in Bank of
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Ask David: What is a fixed fee brokerage, and more real estate advice

Dear David,

I heard a new Purple Bricks ad on the radio. The announcer talks about saving on commission, then rushes through the last line. It starts “may not include”, but I didn’t catch the rest. Have you heard it? – RADIO GA GA

DEAR RADIO: I tuned in to hear the commercial for myself. The line is: “may not include renumeration paid to buyer’s agent, if any.” This is what might be considered the company’s fine print.

Purple Bricks markets themselves as a “fixed fee” brokerage. Their clients are offered a list of services based on how much work they do themselves, and are charged an upfront fee, whether the house sells or not. This is different from a traditional full-service brokerage, where your agent pays all the upfront costs, and is compensated only if they sell the home. Levels of service vary, but from a consumer point of view, the Purple Bricks experience is a bit like washing your car in the driveway, rather than taking it to a professional detailing shop.

Before going further, it’s important to note that in most traditional home sales, the fees that a seller pays cover both the listing

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Inside Tom Brady’s homes and $26 million real estate portfolio

Tom Brady is a football legend — but he’s also kind of a real estate mogul.

The 43-year-old Tampa Bay Buccaneers quarterback has a $26 million portfolio of homes from New York to Florida and even Montana. He has also sold more than $140 million worth of properties, making about a $30 million profit off real estate deals alone.

Brady shares these homes with his wife, 40-year-old Brazilian supermodel Gisele Bündchen, with whom he has two children, Benjamin, 11, and Vivian, 8. He also has a 13-year-old son, John Edward Thomas Moynahan, with his ex, actress and model Bridget Moynahan, 49.

The legendary quarterback with six Super Bowl rings will lead his new team, the Tampa Bay Buccaneers to Super Bowl 2021 on February 7, but win or lose, he can always go home to his pricey mansions in Miami, New York City and Montana.


Tom Brady and Gisele Bundchen are pictured in 2019. The couple has a $26 million portfolio of

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A real estate agenda for developers and leftists alike

New York City Comptroller Scott Stringer prepares to speak at a Jan. 15, 2018 event in New York.

Despite recent rhetoric to the contrary, Stringer has quietly won measured support from leaders in development and business circles. | Richard Drew/AP Photo

Scarlett Johansson blasted an email in December seeking donations for mayoral candidate Scott Stringer, citing his commitment to small businesses, education and survivors of domestic violence. But she saved her most effusive praise for his work “to protect affordable housing against greedy, opportunistic landlords.”

“True to his word, to this day, Scott refuses to take any campaign money from real estate developers, because he believes so passionately in creating and preserving opportunities for affordable housing,” Johansson wrote.

Yet Stringer is subsidizing his campaign with real estate donations he collected for years, up until progressive Democrats declared them verboten following Alexandria Ocasio-Cortez’s insurgent congressional victory in 2018. And despite recent rhetoric to the contrary, Stringer has quietly won measured support from leaders in development and business circles.

“I don’t place a lot of weight on the whole issue of whether a candidate is accepting money from real estate or not,” said Jim Whelan, president of the Real Estate Board of New York. “He’s in campaign mode now.”

More important, Whelan said, is that the successor to outgoing Mayor

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Inside Miami’s market, as wealthy transplants are rallying real estate

  • South Florida has welcomed transplants in droves since the onset of the pandemic.
  • Miami is fielding heavy demand as remote workers and relocating companies migrate to the beach.
  • Top local brokers report record demand for Miami homes, specifically in the luxury space. 
  • Visit Business Insider’s homepage for more stories.

Last March, Alex Taub, his, wife, and their daughters contracted COVID-19, and even worse, they were living in a two-bedroom apartment in New York City at the time.

The 33-year-old founder of Upstream, a professional social networking app and platform, told Insider in a first-person account that his family had moved to North Miami by July.

“Work-wise, I think I’ve had my most productive four months in a long time — mainly because of the lack of commute and distractions, and having a dedicated space in my home where I can get things done — so I can’t complain,” he wrote of his experience making the move last December. Not only do they have more space, a yard, and a pool, there’s also the sunny weather.

Taub is far from alone, as Miami has attracted a huge influx of new residents, standing out in a South Florida real-estate market that is

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