Mar 23
Strong demand for multifamily rental units along with steady rent growth are bolstering the rental market. Strong demand for multifamily rental units along with steady rent growth from the first quarter of 2020, projected through the first quarter of 2021, are bolstering the rental market. Here are four positive indicators: ©National Association of REALTORS®Reprinted with …
Mar 22
What to ask before entrusting a commercial cleaning business for your office in a COVID-19 world. Everyone deserves to work in a dust-free, germ-free, and contaminant-free office—which is why hiring an exemplary commercial cleaning company is a must. In addition to finding out what a company’s rates are and talking to references, here are seven …
Mar 22
Short-term vacation rentals are working to integrate new technology and sustainability into operations and offerings. With 96% of hotel guests carrying smart devices, and 70% of travelers indicating a preference for eco-friendly accommodations, hotels are working to integrate new technology and sustainability into operations and offerings. Short-term vacation rentals are well-equipped to offer the same …
Mar 22
Listing courtesy of Carolyn Kaufmann – OCF Realty LLC $424,999 Est. Mortgage $2,952/mo*4 Beds3 Baths1440 Sq. Ft. Description about this home for sale at 119 Laurel Ln, Broomall, PA. 19008 Welcome to 119 Laurel Lane! This lovely 4 bedroom 2.5 bath split level home is located in the sought after Broomall neighborhood in the Marple …
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 …
