Mar 21
As short-term renters plan vacations, technology can help property managers ensure everyone’s comfort. When the pandemic hit and effectively shut down much of the nation, it seemed clear that no one would be going on vacation anytime soon. But after several months of quarantine, many parts of the country are slowly opening—and people are ready …
Mar 21
Changes to city policies, zoning, and leasing agreements are needed to accommodate the altered commercial landscape brought on by the pandemic. 3 Takeaways: For the past eight months, independent retailers, big-box chains, and restaurants have grappled with the ongoing pandemic and its effects on brick-and-mortar locations. Retailers of all kinds have had to improvise, pivot, …
Mar 20
With some calling for the repeal of like-kind exchanges, practitioners show how the misunderstood provision can be a boon for communities. Key Takeaways: Chances are that if 10 people walking down a city street were asked what a like-kind exchange is, nine of them would not know. But the truth is, those transactions are key …
Mar 17
After one of the swiftest economic declines in history at the start of the COVID-19 pandemic, the U.S. economy has experienced a significant recovery that began in the third quarter of 2020 and is continuing into 2021, experts said on Friday at the Commercial Economic Issues and Trends Forum. The panel discussion during the virtual …
Mar 17
Opportunity zones—federally designated areas that are ripe for investment and revitalization—are benefiting from the housing boom, too, as they see prices increase to the likes of more affluent places. In the first quarter of 2021, 75% of opportunity zones with sufficient data saw median home prices rise annually. Two-thirds of them saw prices rise by …
Mar 16
The median rent in the 50 largest metros nationwide increased 2.7% year over year, the largest growth since the beginning of the COVID-19 outbreak, according to a new report from realtor.com®. The nation’s largest tech hubs are seeing some of the biggest rebounds in rental prices as more technology firms announce return-to-the-office plans. The U.S. …
Mar 16
A new housing development going up in Valencia, Calif., is setting out to be the largest net-zero community in the nation—potentially the world, CNBC reports. More than 21,000 homes will be part of the new community and it will have no carbon footprint. The development, which is being built by FivePoint(link is external), will include …
Mar 15
Investors are growing concerned that it may be more difficult to make money in flipping homes amid a frenzy of home buying activity lately that has sent home prices climbing. Home flipping profit margins dropped in the first quarter. Only 2.7% of all single-family homes and condos in the first quarter were considered a house …
Mar 14
The demand for warehouse space is at record levels. Retailers are on the hunt for more warehouses to help meet their growing e-commerce needs and fulfill online orders at quicker speeds, according to a new report from JLL, a commercial real estate services firm. Big box retailers like Walmart, Target, Big Lots, TJX, and Costco …
Mar 14
Grocery stores were deemed an essential business and remained open during the pandemic. They also posted record sales volume. Meanwhile, many malls and other retail stores closed for months and saw plummeting sales. That’s why more retailers want grocery stores near them to attract more foot traffic. Grocery-anchored shopping centers are drawing heightened investor interest—and …
Mar 13
Vacant outlets in prime locations are gaining a new life, fueled by brisk housing markets. Here’s how you and your clients can use them wisely. Key Takeaways: Self-storage facilities are getting a design and function makeover. Once largely consigned to industrial zones, today’s new sites seek high-visibility locations in commercial retail centers adjacent to residential …
Mar 10
The meticulous work of drafting a new ethics rule will pay off in clarity for our profession and the public. Nothing matters more to a service profession than public trust. REALTORS®, whether specializing in sales, appraisals, property management or other disciplines, need to be trusted by members of the public in order for our services …
