In the Media

In the heart of midtown Manhattan lies a multibillion-dollar problem for New York, building owners and thousands of workers. Blocks of decades-old office towers sit partially empty, in an awkward position: too outdated to attract tenants seeking the latest amenities, too new to be demolished or converted for another purpose. It’s a situation playing out around the world as employers adapt to flexible work after the Covid-19 pandemic and rethink how much space they need. Stijn Van Nieuwerburgh of the Columbia Business School discusses the dilemma on "Bloomberg Markets: The Close." 

Christopher Mayer talked about the state of the U.S. housing industry and indications of whether the nation is in a “housing recession.”

Many building owners are offering better deals to office tenants who might be on the fence about renewing their leases.

Christopher Mayer, Columbia Business Paul Milstein Professor of Real Estate, joins Yahoo Finance Live to discuss home prices and the outlook for the housing market

The real estate site went into the business of buying and selling homes. But the pandemic messed up its predictions.

Zillow’s challenges in buying and selling homes are calling into question the reliability of the company’s so-called Zestimates, which provide an estimate of a home’s value based on a proprietary formula. Zillow says a Zestimate is published for around 100 million homes nationwide.

Americans who have spent their pandemic living out real estate fantasies through Zillow can take some comfort in the fact that Zillow was doing the corporate version of the same thing. Except that it actually bought a bunch of houses, instead of just looking at them, and lost buckets of money.

The wind down of Zillow Group Inc.'s iBuying business announced last week has thrown new scrutiny onto the direct-homebuying business.