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Tag: News
Dec 30
Investors Swoop In to Buy Up Homes
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
Property Owners Plan More Rent Increases
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 …
Dec 29
Trends That Defined the 2022 Real Estate Market
Housing was on a roller coaster this year, going from a homebuying frenzy to a standstill. These market dynamics will carry into 2023. The real estate market has had a bumpy ride and will continue to be a bit unpredictable sliding into 2023. Here are five market trends that emerged this year. The Great Housing …
Dec 28
Prices Climbing in Opportunity Zones
Investors in lower-income opportunity zones are seeing appreciation on their properties grow higher and higher. Opportunity zones were established by Congress in the Tax Cuts and Jobs Act of 2017. They offer investors tax breaks in exchange for making long-term investments in the revitalization of low-income federally designated neighborhoods nationwide. The median single-family home and …
Dec 27
Prices Climbing in Opportunity Zones
Investors in lower-income opportunity zones are seeing appreciation on their properties grow higher and higher. Opportunity zones were established by Congress in the Tax Cuts and Jobs Act of 2017. They offer investors tax breaks in exchange for making long-term investments in the revitalization of low-income federally designated neighborhoods nationwide. The median single-family home and …
Dec 27
‘Call Before Showing’ Codes Enhance Customer Service
Requiring buyer’s agents to call the listing broker before a showing can provide sellers additional clarity on property access and greater peace of mind. Key takeaways: Recently, there has been a lot of talk about CBS codes in one of the markets I serve. If you aren’t already aware, CBS stands for “call before showing.” …
Dec 23
Investment Firms Target Vacation Homes
Vacation homes have seen growing demand since the pandemic began, and investors are taking notice of the sector, largely the domain of individual homeowners until now. Investors want to capture more of the bustling market for short-term rentals. Saluda Grade, a New York investment firm, has teamed up with AvantStay, a short-term rental operator, to buy about $500 …
Dec 23
Drive-Thru Lanes a Big Draw in Commercial Real Estate
Commercial properties with a drive-thru lane are commanding higher rents. The pandemic has led to a new appreciation for being able to stay in your car while you’re served. Properties with drive-thru lanes are being sold at a premium and attracting rents that are 10% to 20% higher than typical lots, the CoStar Group reports. …
Dec 22
Top 50 Office Transactions
Life science and medical offices are proving to be the all-stars in the recovering office sector. A $3.4 billion sale of University Park at MIT topped the 2021 rankings for commercial transactions in the office space, setting a new record, according to a new study released by CommercialCafe, a commercial real estate internet-listing service. CommercialCafe …
Dec 20
Multifamily Demand Rebounds in Big Cities
The onset of the pandemic led to a decrease in multifamily housing demand in high-density cities as renters started to favor more spread-out communities in the suburbs. But big-city demand is coming back. Multifamily home building is gradually picking up pace in large metros once again, according to an analysis from the National Association of …
