Month: May 2024
Houses painted black are trending in the Hamptons – New York Post
In a monochromatic world, where a white box has become the default for bland real estate stage setting, a summer home painted to match a set of Hollywood veneers can feel cliché. Perhaps that’s why black and charcoal-gray facades and accents are trending on the East End. “I changed the trim on my shingled cottage from a greenish blue inspired by Martha Stewart to black,” says Hamptonite and Corcoran broker Arlene Reckson. “I changed my roof to black. Right now, if you are doing shingles, or updating a modern home,…
Read MoreCommercial Real Estate Market Size, Industry Trends, Analysis and Forecast 2024-2032 – EIN News
The commercial real estate market is expected to reach US$ 9.6 Trillion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2024-2032. ST. BROOKLYN, NY, USA, May 29, 2024 /EINPresswire.com/ — IMARC Group, a leading market research company, has recently releases report titled “Commercial Real Estate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The study provides a detailed analysis of the industry, including the global commercial real estate market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights…
Read MoreHochul’s Housing Deal Will Help New York’s Affordable Housing Crisis, but Not Solve it – Manhattan Institute
Introduction Rather to my surprise[1] and perhaps that of others, New York governor Kathy Hochul was able in April 2024 to negotiate a housing deal[2] with leaders of the two houses of the state legislature that meets the very low-bar criterion of being better than no deal at all. The deal is significant because in it, the legislature acknowledges that profit-motivated private investment has a role to play in mitigating New York City’s housing supply crisis. But that recognition is freighted with ideologically driven conditions and handouts to favored constituencies,…
Read MoreFL Real Estate Market Bounces Back From Pandemic: Report – Tampa, FL Patch
TAMPA, FL — The Florida housing market is returning to pre-pandemic normals in many parts of the state, although it is still soft in the Tampa metro, according to a report from Redfin, a digital real estate company. The Redfin Home Price Index ranks the 50 largest metros for which full data is available on how quickly demand and competition cooled from February 2023 to February 2024. It takes into account year-over-year changes in home prices, price drops, supply, pending sales, sale-to-list price ratio and the share of homes that…
Read MoreCities With the Fastest-growing Home Prices in Florida – Stacker
Cities with the fastest-growing home prices in Florida The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties. The typical home value in the United States was $359,402 in April, 4.4% higher than the year before. Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before. Stacker compiled a list of cities with…
Read MoreTampa Housing Market 2024: Trends and Predictions – Norada Real Estate Investments
Tampa’s housing market has gained significant recognition within Florida. Fueled by a robust job market and a flourishing commercial sector, Tampa has become a magnet for aspiring residents. Deciding to enter this market necessitates understanding current trends to navigate its behavior effectively. While Tampa offers a plethora of housing options, it’s important to acknowledge its reputation for being pricier compared to other Florida cities. This article delves into everything you need to know about Tampa’s housing market, including current home values, noteworthy trends, and valuable insights to empower your decisions.…
Read MoreCGI Merchant’s Miami-Dade Gabriel Hotels Head to UCC Auctions – The Real Deal
CGI Merchant Group faces a double whammy in Miami-Dade County, with both of its Gabriel-branded hotels headed to foreclosure auctions. The two planned Uniform Commercial Code, or UCC, sales come as the South Florida real estate market is feeling the sting from elevated interest rates and skyrocketing insurance premiums. Yet, CGI Merchant, a Coconut Grove-based real estate firm founded and led by Raoul Thomas, isn’t giving up on its assets, saying in a statement that it’s in talks with lenders. Sources say the firm is working on a recapitalization of…
Read MoreRealtors ‘Running Out of Money’ as Housing Market Struggles – Newsweek
A struggling housing market characterized by elevated prices and high borrowing costs for home loans has depressed demand for homes. This dynamic has contributed to a fall in the number of real estate agents working in the industry. There are tens of thousands fewer real estate brokers and sales agents, according to data from the Federal Reserve Economic Data. Read more: How to Get a Mortgage In 2023, there were 440,000 people in America working as real estate agents. This was down from a time before the pandemic when in…
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