Jan 03
The commercial real estate market is roaring back. U.S. commercial real estate investment volume in 2021 totaled a record high of $746 billion, a newly released CBRE report shows. That marks an 86% increase over the previous year. In context, however, that is a comparison to when the COVID-19 pandemic struck the U.S. in 2020 …
Dec 30
Have a Happy, Healthy and prosperous New Year. Photo courtesy of FlashBuddy and pixabay.com
Dec 30
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
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
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
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
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
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
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
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
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 …
