In today’s news
A New Record High for U.S. Home Prices
More signs of stability in the pandemic-rocked housing market emerged this week, including a realtor.com report that the national median listing price edged up to a new all-time high of $330,000 in May.
JC Penney Closing Nearly 20% of its Stores
In another blow to shopping centers and malls reliant on big-name anchors, JC Penney says it’s permanently closing 154 of the 860 stores it was operating before the pandemic struck. That follows the iconic retailer’s May 15 bankruptcy filing.
Industrial Properties Could Offer Promise Amidst Pandemic
Don’t ignore industrial properties in the search for sound investments in a recovering market. Several major brokers argue here for wider investor appeal for this segment.
Market Moves and Movers
Where Will Equity Residential be in 3 Years?
Equity Residential is now one of the largest multifamily REITs in the industry, beating the market while swapping older assets for newer properties that generate higher returns. So, what’s ahead? Millionacres sees a path for growing dividends.
Investing in Lifestyle
Is it Smart to Own More Than 1 Home in Retirement?
The only right answer is the one right for you, but this Millionacres piece can help you ask yourself the right questions if you have a second home while you head into retirement.