REO: The Market Rebound
Supply is more constrained now, so the price per unit has gone up. Generally speaking, people aren’t buying REOs strictly on price anymore. An REO now goes for pretty much the same price as any other fixer-upper in the neighborhood.
Hawaii: Yes, People Actually Live There and They Need Places to Call Home
It should be noted that one unique feature of the Honolulu market is that multifamily real estate is almost an afterthought. While $608.8 million was invested in apartment construction in 2018, according to CBRE, that pales in comparison to the $1.6 billion funneled into retail and $2.4 billion into hotels.
Greenwich: Why your Boss Lives There
While residential real estate can be an exceedingly seasonal business around the country, it’s not as cut-and-dried in Greenwich. If you don’t sell by the end of August, you don’t necessarily have to wait until April to find a buyer.
How a New York Flip Tax Could Kill Your Next Real Estate Deal
Aptly named, if passed, the bills would impose a 20 percent tax on properties sold within one year of purchase and a 15 percent tax on properties sold within two years of purchase within the state of New York.
What’s Driving Construction Delays? ‘Labor Shortage’ Doesn’t Cover it
It’s not news that multifamily construction is bottlenecked. Builders would have to crank out 30,000 more units per year, just to keep up with demand.
Is The Age of Decentralized Real Estate Upon Us?
Real estate investors and real estate developers alike should start performing some due diligence today on how blockchain technology can change the way they do business
What the Top Real Estate Markets for 2020 Reveal About Real Estate Development
From Austin to Boston, real estate developers have a wide diversity of opportunities going into 2020.
What is an REO, and Where do You Find Them?
REOs are usually good investments because they are discounted properties due to the fact that their institutional owners do not want them on their books.
Trading Spaces: How U.S.-China Tensions Affect Multifamily Housing… and How They Don’t
We are on the brink of a trade war between the world’s two largest economies, and the corner offices of corporate headquarters around the world quake with trepidation.
Houston Lures Back its Millennials
Jobs in Houston can be high-paying. “The average annual income is higher than what residents of many other major metro areas make,” U.S. News continues. “Those with a specific skill set or advanced degrees, such as in health care, aerospace or oil, and gas, can earn as much as $200,000 a year.
