Mar 01
Small inns and bed and breakfasts saw business rapidly decline during the pandemic. But operators are recasting their inns and offering them to home buyers in a new light—as a new home. The Wall Street Journal reports that home buyers are purchasing spacious B&Bs and renovating them into single-family homes. A shortage of homes for …
Feb 28
Retailers in the U.S. plan to open more new stores this year than close stores, indicating a hopeful sign for a rebounding sector. The news of more retailers in expansion mode follows a strenuous year of survival for many retailers, in which the COVID-19 pandemic caused many shutdowns in 2020. Grocery, fast-casual, and value stores …
Feb 28
A recent decline in lumber prices is helping to mitigate building costs, but that effect is being offset by numerous increases in other building materials that are surpassing records. Home building materials have climbed by up to 19% over the past year, according to the Bureau of Labor Statistics Producer Price Index. The building materials …
Feb 24
Investors are pouring in millions to create more built-for-rent single-family communities. It’s fueling a land rush to find open land. “Land brokers dealing in residential parcels traditionally sell to developers and builders who are planning communities in which people buy homes,” Forbes.com reported. “Now, they are starting to see a growing share who are buying …
Feb 23
College towns have long had the reputation of being achievers when it comes to real estate investments. They can also offer a great home for young adults, families, and retirees. Realtor.com®’s research team evaluated nearly 200 cities with at least 10,000 residents–where undergraduates comprise at least 20% of the population. They factored in housing near …
Feb 22
U.S. mall traffic rebounded this summer as newly vaccinated Americans felt more comfortable leaving their homes. The surge has continued despite growing threats from the fast-spreading COVID-19 delta variant. “After a year and a half of staying inside, there was a pent-up demand for doing something, and that something could have been just going to …
Feb 21
Multifamily units are driving the gains in overall housing starts last month as more apartment projects were initiated. But single-family housing starts fell 2.8% in August to a seasonally adjusted annual rate of 1.076 million units, their second consecutive month of decline, the Commerce Department reported Tuesday. While single-family starts dropped in the West and …
Feb 20
Listing courtesy of Robert Boyle – FREDA REAL ESTATE $599,000 Est. Mortgage $3,911/mo*2 Beds1 Bath Description about this home for sale at 3900 Pleasure Ave #306, Sea Isle City, NJ. 08243 This top floor totally Remolded Condo, is ready to move in. all New appliances, new furniture, 2 assigned parking spaces, storage unit, outside shower, …
Feb 17
Tech firms may be embracing remote work in a big way since the pandemic, but they’re still buying up office buildings too. Google is still placing big bets in the office sector. The company just announced it’s purchasing an office building in New York City for $2.1 billion, the priciest sale of a single U.S. …
Feb 16
How will commercial real estate needs change in the next five to 10 years? How has the COVID-19 pandemic accelerated the change? And what’s the implication for cities? Those questions were top of mind as the National Association of REALTORS®’ inaugural C5 Summit(link is external), a commercial real estate conference, kicked off Monday in New …
Feb 16
If commercial real estate lags behind residential in adoption of technology, it’s not for lack of investment in the sector. In the first half of 2021, equity and debt investment in U.S. proptech totaled $8.5 billion(link is external), surpassing the total amount of capital invested in 2020, according to GCA, an adviser in the proptech …
Feb 15
The future of office real estate, post-pandemic, remains unknown. Office workers have proved they can be productive working remotely. Does it make sense for them to return to the office? And what will it take for them to do so? “It won’t be the hub-and-spoke model, which companies didn’t do” in the past, said Doug …
