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 …
Mar 09
A shortage of homes for sale has forced more prospective buyers to rent. That is driving up prices in the rental market. The U.S. median rental price in June jumped 8.1% compared to a year ago, reaching $1,575, realtor.com® reports. Also, two-bedroom units saw the largest increase in rents at 10.2%, as the demand for …
Mar 08
Investors are snatching up homes and are being blamed for contributing to the inventory shortages in several markets across the country. Investors are buying homes and then holding on to the properties, often turning them into rentals, and not returning very many homes back onto the market from their growing portfolios. Housing experts say that …
Mar 07
Apartment rents are on the rise, but not everywhere. That said, “finding a cheap apartment often feels like winning the lottery,” notes Apartment Guide, a listing and resource for apartments nationwide, in a recent study. Apartment Guide identified areas throughout the country where rent is affordable and less than the nationwide average of $1,711 per …
Mar 06
Co-working spaces continue to have a big moment in the commercial sector as more businesses are drawn to flexible and short-term solutions amid COVID-19 and its latest fast-spreading delta variant. Technology companies are reportedly one of the major industries that are snatching up co-working spaces, such as WeWork, The Wall Street Journal reports. Their rental …
Mar 03
The blistering cold temperatures throughout the country this week may put some properties at risk of damage. Watch out for these signs. Many areas of the country are experiencing blistering cold weather, even those that aren’t used to freezing temperatures. Rapid temperature swings could cause substantial issues to a home’s foundation, warns Groundworks, a nationwide …
Mar 02
Office buildings are looking for ways to add in more outdoor spaces for employees to relax, work, and meet up. It’s become a must-have space since the pandemic and an important amenity in trying to attract employees back to the office. “We’ve been involved in office space and building design, and the evolution of office …
