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This is your central-Florida real estate market update from Oliver and Devinee at Morgan Property Solutions. The COVID pandemic has caused an increase in mortgage foreclosures, but it appears they will be a fraction of what they were compared to the 2008 housing crisis. Median sales prices of homes in central Florida have increased 10%
The amount of sublease space on the market has been growing since the pandemic began. In a recent report, CBRE said direct leasing activity in the second quarter of 2020 declined 85% compared to the same quarter in 2019. “That is a dramatic number,” says Withers Attorney Steve Wilson. “It doesn’t address subleases, but it
People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wang Ying | Xinhua News Agency | Getty Images Borrowers are clearly used to hearing that mortgage rates set another record low because last week’s dip did nothing to spur mortgage demand. The volume
Home prices in newly built communities are outpacing pricing trends from 2019. According to data from Zonda, 56% of new home communities raised prices in July, while only 39% of new home communities increased pricing in July 2019. Phoenix, Denver, Las Vegas, Sacramento and Riverside are epicenters for new home construction an increased pricing. “The
Jeff Bezos protégé Andy Jassy, Amazon’s longtime second-in-command and presumptive heir apparent, appears to be following in the footsteps of his internationally famous boss. Quick on the heels of Bezos paying $165 million for Beverly Hills’ iconic Jack Warner estate, the Seattle-based Amazon Web Services CEO and his wife Elana have dropped $6.7 million for a relatively
China’s Evergrande Real Estate Group. Brent Lewin | Bloomberg | Getty Images SINGAPORE — Shares of China Evergrande plunged on Wednesday, after the indebted Chinese property developer said it had placed new shares at a discount. On Wednesday morning, its Hong Kong-listed shares dived more than 16%. The cash-strapped developer, China’s second-largest by sales, announced
Americold Realty Trust continues to grow its footprint with its announcement that it has entered in a definitive agreement to buy privately-held Agro Merchants Group from an investor group led by funds managed by Oaktree Capital Management, L.P. for $1.74 billion in a cash-and-stock transaction. The acquisition is subject to customary and regulatory closing conditions
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In this month’s episode of ‘How’s the market’ I show you that September was a repeat of August, but early October is not a repeat of early September. Does this mean that the market has crested? I suppose we won’t know for sure until we get a little more data. We’ll know for sure by
Unique home, ahoy! The Quist family of Minnesota is sharing details about their whimsical, one-of-a-kind home in a new video. Homeowners Tom, 59, and Kris, 57, along with their 22-year-old daughter, Kallie, have lived in a Depression-era “house that used to be a boat” in the eastern Minneapolis suburb of Stillwater for over 20 years.
Dropbox Inc. co-founder Drew Houston waits as Dropbox (DBX) is listed for the company’s initial public offering (IPO) at the Nasdaq Market Site in New York, U.S., March 23, 2018. Lucas Jackson | Reuters San Francisco-based Dropbox announced Tuesday that it will stop asking employees to come into its offices and instead make remote work
According to a new report from Building Engines, 89% of property owners believe that technology is shaping the commercial real estate industry, and 84% of owners believe that technology can help the business meet all operational goals. Though in the past, technology advancements within commercial real estate have transpired slower when compared to other industries,
Missed mortgage payments are increasing. Recent research from Clever Real Estate shows that nearly a quarter of Americans have missed a mortgage payment already during the pandemic, and half of homeowners have said they will run out of savings in 2020, putting more pressure on homeowners to make their mortgage payment. This could signal the
Protein bar baron-turned-prominent motivational speaker and YouTuber Tom Bilyeu and his business partner wife Lisa are officially checking out of the Beverly Hills Post Office neighborhood, listing their hulking “starter” mansion on iconic Mulholland Drive with a $14.8 million ask. That’s a big jump over the $8.3 million they paid for the Spanish Revival-inspired villa
SINGAPORE — Global real estate prices have largely held their own in the face of an unprecedented economic hit from the coronavirus pandemic, says Sean Darby, global head of equity strategy at Jefferies. “It’s been perhaps one of the most fortunate events for policymakers in that we’ve not really seen any significant declines in global
My name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me. I help these people create passive income through creative real estate investing strategies so their money works harder for them than they do for it, resulting in ultimate financial independence and freedom. Whenever you’re ready,
How to Flip a House From Start to Finish – Flip Houses for Beginners 2020 To house flipping beginners, how to flip a house from start to finish could seem mysterious and intimidating, but it doesn’t have to be as complicated as you may think. There are 8 steps to flipping your first house, and
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Even though we’re in the middle of a pandemic, BTI Partners, a developer based in Ft. Lauderdale, Fla., is still delivering new projects in need of retail tenants. For instance, the retail portion of the company’s Westshore Marina Landing At Westshore Marina District project in Tampa is slated to be completed early next year. With
For more than 150 years, Scott’s Family Resort has beckoned families to its nearly 1,000 bucolic acres. But the waterfront compound in Deposit, New York — just under a three-hour drive from the city — is best known as the idyllic backdrop for a few beloved episodes of Amazon Prime’s hit series, “The Marvelous Mrs.
Retail rent collections are continuing to increase. In September, national retailer rent collections increased to 80% for the first time since the onset of the pandemic, according to data from Datex Property Solutions Tenant Track Report. Total retail rent collections trended behind national tenants at 77%, while non-national retail collections were 73.6%. “The peak suggests
Aileen Getty, granddaughter of larger-than-life tycoon J. Paul Getty — once the world’s richest man — has added another gem to her already many-feathered real estate cap. Property records reveal the oil heiress recently shelled out $3.8 million for a chic contemporary home in Studio City. Of course, Getty is certainly no stranger to the
Apartment sizes are getting smaller in the US. Research from RCLCO Real Estate Advisors tracked trends in apartment sizes, and found that apartments today are 100 square feet smaller than those built in the 2000s, falling from an average of 1,031 square feet for apartments built from 2000 to 2009 to 931 square feet for
The pandemic has halted many apartment projects in their tracks—but a recent report from John Burns Real Estate Consulting says that there are still opportunities to build new apartment properties in both urban and suburban markets. The caveat according to the firm: It depends on the timing. The two biggest multifamily segments in high demand
Sandra Lee has sold the beloved Westchester home she shared with ex-love Andrew Cuomo for $1.85 million, The Post can reveal. Lee, 54, moved to Los Angeles following her split from the New York governor in September 2019 — and has spent this weekend moving into a new home in Malibu. Lee bought her Westchester
Real Estate investor Paul Moore, shares 10 of the top tax benefits that real estate investors get. These benefits and strategies can save you thousands! Let us know what you think about these in the comments!