Jan 13
Supply chain backups for materials continue to hit the new-home market and are causing some new owners to have to move into unfinished homes, The Wall Street Journal reports. The problems stem from ongoing factory closures caused by the pandemic, transportation delays, and port capacity limits. The shortages are especially popping up in the lack …
Jan 12
When you hit the usual sales slump during the cold months, here’s what you can do to keep your business from freezing until spring. It’s that time of year again when most real estate professionals are bracing for a dip in sales in the cold winter months and many home buyers and sellers go into …
Jan 11
The office sector’s rents have essentially recovered from the huge hit they took during the beginning of the pandemic. But it may be due to property owners’ cash gifts and months of free rent offerings that may be winning tenants back and motivating them to sign leases for high-dollar rents. Never have the incentives and …
Jan 10
Florida shone as home to many of the hottest commercial markets in the country in the fourth quarter of 2021. The state boasts nine of the top 15 commercial real estate markets, according to the National Association of REALTORS®’ 2021 Q4 Commercial Real Estate Metro Market Reports. NAR’s Commercial Real Estate Market Conditions Index reflects …
Jan 09
Seeking to expand in the strong rental market, investors face many of the same challenges as would-be home buyers. About 63% of real estate investors recently surveyed cited the availability of inventory as the top challenge for the residential real estate investing business, according to the Winter 2021 RealtyTrac Investor Sentiment Survey, which measures investors’ …
Jan 06
Investment management company Blackstone this week reported that high returns in its real estate investments fueled record-setting fourth-quarter results. “Blackstone reported the most remarkable results in our history on virtually every metric,” Stephen Schwarzman, co-founder and chief executive, said as the company released its earnings results this week. Its $280 billion real estate business generated …
Jan 05
As COVID-19 travel restrictions began to lift last year, foreign investors flocked back to U.S. commercial real estate. Foreign investments exceeded pre-pandemic levels in 2021, a new report from Real Capital Analytics shows. Foreign investors purchased $70.8 billion of U.S. commercial real estate in 2021. That marks the highest total since 2018’s $94.6 billion. The …
Jan 04
The self-storage industry is seeing rapid growth as a result of the pandemic spurring more people to reorganize their homes, to find extra space as they work from home, and to move to the suburbs or move in with more family members. Thirty-eight percent of Americans reported being self-storage users, according to a newly released StorageCafe survey of about 17,000 survey …
Jan 03
The commercial real estate market is roaring back. U.S. commercial real estate investment volume in 2021 totaled a record high of $746 billion, a newly released CBRE report shows. That marks an 86% increase over the previous year. In context, however, that is a comparison to when the COVID-19 pandemic struck the U.S. in 2020 …
Dec 30
Have a Happy, Healthy and prosperous New Year. Photo courtesy of FlashBuddy and pixabay.com
Dec 30
Seeing the opportunity and high demand, institutional investors are snatching up as much U.S. real estate as they can. Investors purchased 18.4% of homes in the fourth quarter—a record high, according to housing data from Redfin. Investors are seeing opportunities in turning homes into rentals and commanding higher rents or have plans to flip homes …
Dec 29
Renter confidence over their finances is on the rise. That is good because that coincides with a recent survey finding that shows property owners plan to increase rents higher still this year. Sixty-one percent of property owners say they plan to raise the rent on at least one of their rental properties within the next 12 …
