The value of all global real estate – comprising residential and commercial real estate, and agricultural land, reached $379.7 trillion – R7.3 quadrillion, last year, maintaining the asset’s position as the world’s most significant store of wealth.

And residential property makes up 76 percent of the value of all real estate in the world.

Research by global real estate services provider Savills, reveals that, in 2022, property was more valuable than all global entities ($98.9 trillion/ R1,9 quadrillion) and debt securities ($129.8 trillion/R2,5 quadrillion) combined, and almost four times that of global GDP ($100.6 trillion/R1,9 quadrillion); by comparison, the value of all the gold ever mined, stands at $12.2 trillion (R235 trillion) – just 3 percent of the value of global real estate.

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The former Los Angeles home of David Spade is back on the market for $32.5 million, or about 66% more than what the comic actor sold the property for earlier this year—$19.5 million.

Spade, who this year reprised his voice role of the Invisible Man in Hotel Transylvania: Tranformania, listed the property in January 2022 for just under $20 million and had an offer in hand after less than a week on the market, according to the Los Angeles Times. Records show the actor-comedian bought the home in 2001 for roughly $4 million.

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The current real estate market is tough. Record high prices, interest rates, and low inventory make it increasingly difficult for buyers to get the property they want. However, you can still win in this market by positioning yourself correctly. Here are five tips to help position yourself to win while facing record-high prices and low inventory.

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Real Estate technology has historically been underfunded compared to other large sectors. The current landscape is powered by thousands of disparate systems, without an agreed to data standard, making any significant modernization of the industry extremely challenging. For as many years as I can remember, there has been constant talk about the inevitable disruption of the real estate industry, yet very little has changed over the past 20 years. However, the tide is finally turning and PropTech has become mainstream. According to the Center for Real Estate Technology & Innovation, investments in PropTech hit $32B in 2021.

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It seems illogical that you as the seller would offer up money to the buyer to help pay for your home. Aren’t you supposed to make money from selling your home, not give it away? Well, you might think twice after you learn the reasons why you’d offer cash back at closing to buyers.

Sure you’ve beautifully staged your home and placed out a tray of delicious mini muffins for the open house, but unfortunately, that still might not be enough to snag an interested buyer offer.

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Find answers for all your first time home buyer questions about mortgages, down payment assistance programs, and more.

Buying your first home a big decision, so it makes sense to become as knowledgeable as possible about the process. These are some of the most frequently asked questions about buying a home for the first time.

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Facebook has been hiring seasoned tech investors to help lead a new "multimillion dollar" investment fund within its experimental apps team, Axios has learned.

Why it matters: Starting a formal investing program aimed at startups could bolster the company's ability to spot the next big social app before it becomes big. That visibility is all the more important given that antitrust scrutiny has likely closed the door on large acquisitions by Facebook for the near future.

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Tribeca, considered New York City's most expensive neighborhood, just saw one of its apartment buildings go for $260 million.

The new owner of the 291-unit Truffles Tribeca building is Related Companies.

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