We’ve got some tips for you if you’re interested in adding multi-families to your portfolio.

We're highlighting our property of the week from our friends at LeverageRE. Crowning a hilltop in Palos Verdes, an enchanting estate soaks in sea air and unobstructed panoramic views.

Tom Brady and Gisele Bundchen have an affinity for Robert A.M. Stern’s Manhattan skyscrapper, 70 Vestry. The couple spent around $30 million on a unit in Spring of 2017, and just sold it for $40 million.

 

After five months of upswing, sales of existing homes were lower in November.

They lowered 2.5% month-to-month to a seasonally adjusted yearly rate; 6.69 million units. Sales were 25.8% higher YoY. 

A recap of our 2019 Winter Risk Prevention.

DATA ON DATA CENTERS

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We watched the pandemic throw the world into chaos during 2020, which resulted in us vowing lay the word “unprecedented” to rest forever. Beyond that, we’re seeing changes go across the world like tides, and the real estate industry was another shell in the tow.

Black “Scarlett Johansson” Widow is selling her Upper East Side pied-a-terre; suit sold separately. You have the choice of renting the Manhattan condo for $6.5k, or buying it for $2.3M.

Shaquille O’Neal just lowered the asking price of his Central Florida home to $16.5M.

 

Paul Pierce is selling his Mediterranean in Calabasas for $11M. The expat Celtic turned ESPN analyst bought the 16,000 square-foot estate in 2009, three years after it was built.

The Federal Housing Administration has announced that Fannie Mae and Freddie Mac are extending the moratoriums on single-family foreclosures and real estate owned evictions until at least Jan. 31, 2021.

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Joe Biden beat donald trump. Biden is the nation’s 46th president, which brings an end to the elderly real estate developer’s tenure. What might Biden's victory mean for real estate?

Jason Newsted, Metallica's bassist in previous century, just listed a view for $4.95M in Montana. The hefty price-tag on the home feels fair as it includes a contemporary alpine home and ~1/10th the gross acreage of Boston in the sale price.

2020 is a wild ride. We could only guess how the market would react, so as we near the end of the year, with the pandemic going strong, we can reflect on the progress we've made so far, and look at the trends that will continue into 2021.