5 at 5: Your Daily Digest for Real Estate Investing, 7/27/21

·3 min read

The market's strength continues to be broad-based, the data company reported today, as prices in 18 of 20 cities the index tracks now stand at all-time highs, as does the national index. The Millionacres takeaway: The surge in demand may be an acceleration of purchases that would have occurred in the next several years anyway, along with pandemic-driven changes in where people want to live, CoreLogic Case-Shiller says. The Wall Street Journal reports today [subscription required] that CBRE Group has cut a deal to make one of its largest acquisitions ever, paying roughly $1.3 billion for a 60% stake in Turner & Townsend Holdings Ltd., one of the world's largest managers of infrastructure, natural-resources and real-estate construction projects.

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