Jan 25
Taking notice of the increased appetite for U.S. real estate, investors are building up their portfolios of properties looking to cash in on the higher housing and rental prices. Investors purchased a record $64 billion of homes in the third quarter. Single-family homes comprised nearly three-quarters of investor purchases in the quarter, an all-time high, …
Jan 25
Listing courtesy of John Mcfadden – RE/MAX HOMETOWN – Media $1,299,000 Est. Mortgage $7,604/mo*4 Beds3 Baths2000 Sq. Ft. Description about this home for sale at 7608 S. Central Ave.. Sea Isle City, NJ. 08243 Three Level Side by Side Townhome 2 blocks to the Beach and a block to the Bay. 4 Bedrooms, 3 Baths …
Jan 24
Glass is joining the list of building materials in short supply. A range of industries, including shower door manufacturers and window installers, are reporting glass shortages. Nearly two-thirds of home builders said that windows are their biggest material shortage, according to a recent survey from John Burns Real Estate Consulting. Rounding out the top four …
Jan 24
More brick-and-mortar retail is needed. Store openings are outnumbering closings for the first time in four years, according to an analysis of more than 900 chains by the IHL Group, a research firm. The largest amount of growth is coming from mass merchants, food, drugs and pharmacy, and convenience chains, The Wall Street Journal reports. E-commerce …
Jan 23
T3 Sixty releases its annual Swanepoel Power 200 list, revealing the movers and shakers in the industry. Real estate leaders and brokerage executives are demonstrating a powerful influence on the housing market, as their impact extends to all corners of the country. T3 Sixty, a real estate consulting firm, annually releases its Swanepoel Power 200, …
Jan 23
Listing courtesy of Valerie Bell – COMPASS RE – Sic $475,000 Est. Mortgage $2,829/mo*2 Beds1 bath Description about this home for sale at 133 67th St. S. #C, Sea Isle City, NJ. 08243 Charmer at the shore. Own a little piece of the sand in Sea Isle. Cute 2bd. 1ba. New deck, outside shower. Nice …
Jan 20
As the pandemic wanes, companies are weighing alternative setups to their corporate office structures, including “hub and spoke” and “hubquarters” models. That may prompt many changes in commercial needs moving forward and what companies may be looking for. The hub and spoke model is based on the use of a central office and smaller satellite …
Jan 20
Flood risks are increasingly posing a risk to commercial real estate, and a new report cautions the sector to be prepared. About 730,000 retail, office, and multiunit residential properties face potential risk annually of flood damage, according to a new report from the First Street Foundation, a nonprofit research group. Damage from flooding could cause …
Jan 19
On September 29, Facebook announced changes to real estate and vehicle listings on Facebook Marketplace. In the age of social media, when most home buyers begin their searches online and with print media dying a slow death, most Realtors have moved the bulk of their marketing efforts to digital formats. If you go to any …
Jan 19
Listing courtesy of Robert Boyle – FREDA REAL ESTATE $2,680,000 Est. Mortgage $15,228/mo*5 Beds4 Baths Description on this home for sale at 7305 Pleasure Ave, Sea Isle City, NJ. 08243 Looking for a spectacular Beachfront Home with Amazing Ocean Views? This is the one for YOU. Having James Hardie Board siding being installed on the …
Jan 18
Retail space is in demand, and prices are rising. Net absorption of retail space during the third quarter reached the highest level since the fourth quarter of 2017, the National Association of REALTORS® reports. The biggest demand has been for general retail and neighborhood space. New retail supply has been low throughout the year. That …
Jan 18
A growing number of investors seem less deterred by high prices, jumping on opportunities from demand for rentals. Single-family purchases made by investors are surging as they see opportunities in the rapid growth of home prices and demand for rentals. The Golden State, shunned by investors for some years, is seeing a strong return. “After a …
