Month: June 2024

New York New York City

Real Estate & Construction News Roundup (6/26/24) – Construction Growth in Office and Data Center Sectors, Slight … – JD Supra

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In our latest roundup, U.S. interest rates remain uncertain, construction firms continue to use artificial intelligence, New York City updates commercial zoning regulations, and more! According to analysts, high vacancy rates and declining rents have hurt San Francisco’s office market so badly that it could take almost 20 years to recover. (Eric McConnell, Yahoo) The New York City Council approved updated commercial zoning regulations that expand where businesses can be located in the city, more than double the space for small-scale clean manufacturing, and enable adaptive reuse projects involving existing…

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USA

Joseph Grinkorn: High Interest Rates Continue to Create Buying Opportunities in the US Real Estate Market – EIN News

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Joseph Grinkorn, Wall Street Investment Expert and CEO of Morris Group NEW YORK, NEW YORK, UNITED STATES, June 26, 2024 /EINPresswire.com/ — Joseph Grinkorn, Wall Street Investment Expert and CEO of Morris Group, Predicts Interest Rates Will Remain High Through 2024, Generating Numerous Opportunities for Real Estate Investors. Joseph Grinkorn, founder and CEO of Morris Group, asserts that high interest rates will persist throughout 2024, presenting significant opportunities for real estate investors in the US market. As an experienced Wall Street investment expert, Grinkorn’s insights offer a compelling outlook for…

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Florida

Preferred SHORE Real Estate – Sarasota

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Valerie Jones “‘On the SHORE’ means turning aspirations into adventures on the Gulf Coast, and more!” Whether it’s a beautiful urban condominium or coastal estate nestled along the Gulf, for buyers, sellers and agents, a brokerage with a blend of confidence, poise and experience is needed to navigate Florida’s real estate market. Valerie Jones, Vice President of Preferred SHORE Real Estate, has exemplified all three qualities, gathered from every stage of her personal and professional life.  Valerie has navigated the fast-moving waters of Florida real estate’s frontlines, working with banking…

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USA

There’s a surplus in the housing market, new study finds – Fortune

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The long-bemoaned housing shortage may not exist after all. Rather, there’s a shortage of cheap rents and affordable homes, according to a new study.  The peer-reviewed study, published in April in the academic journal Housing Policy Debate, found that between 2000 and 2020, the U.S. had a surplus of 3.3 million homes—defying conventional wisdom that the nation is facing a housing shortage.  “We’re sort of an outlier in our analysis, and partly it’s because we’re taking this longer-term perspective,” Alex Schwartz, one of the study’s authors and chair of the…

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Florida

Amid a climate crisis, some good news for Florida’s housing market – HousingWire

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The risks There is no shortage of potential perils in a state that’s surrounded by water. The risk is especially sharp this year, when the National Oceanic and Atmospheric Administration (NOAA) is forecasting above-normal hurricane activity in the Atlantic. The forecast calls for 17-25 named storms and 8-13 hurricanes, with 4-7 of those being classified as major hurricanes in category 3, 4 or 5. That’s a lot of opportunity for property damage, and one reason homeowners insurance in Florida has gotten out of control. CoreLogic data shows that on a…

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California

Realtor Fees And Real Estate Commissions in California – Bankrate.com

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Traditionally, when a homeowner hired a real estate agent to handle the sale of their property, they agreed to pay that agent, as well as their eventual buyer’s agent, a commission. This fee typically amounted to between 5 and 6 percent of the home’s selling price, split more or less evenly between each agent. Due to a recent lawsuit settlement, sellers may no longer be on the hook for buyer’s agent fees. But if you use a real estate agent, he or she will have to be paid somehow. How…

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New York New York City

Goldman Sachs Unleashes $3.4 Billion Fund To Exploit Real Estate Market Fluctuations – AOL

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Adrian Volenik June 27, 2024 at 3:36 PM Goldman Sachs Unleashes $3.4 Billion Fund To Exploit Real Estate Market Fluctuations Goldman Sachs has raised $3.4 billion for its Vintage Real Estate Partners III fund, which specifically invests in shares of real estate funds. This capital will be used to purchase stakes in these funds, often involving owning parts of large property portfolios or development projects. The $3.4 billion pool is one of the biggest amounts of money aimed at buying shares in private real estate funds. It’s 23% more than…

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Florida

9 Real Estate Markets Where the Climate Could Impact Your Home Value – AOL

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Angela Mae June 26, 2024 at 1:00 PM driftlessstudio / iStock.com When buying a home, your first concern might not be the climate, at least for property values and the general cost of living. But it can majorly impact how much your home is worth — both now and in the future. Choosing an area with extreme weather conditions, frequent natural disasters, or the ongoing threat of rising sea levels, could affect your home’s value. It could also have an impact on how homes are constructed. This doesn’t necessarily mean…

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Other

Andrea Nucera among 150 most powerful figures’ list – Gulf Today

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Andrea Nucera, Managing Director of Reportage Properties. Inayat-ur-Rahman, Business Editor The specialised news platform and magazine for the construction and contracting sector in the Middle East, has ranked Andrea Nucera, Managing Director of Reportage Properties, on the 2024 list of the 150 most powerful and influential figures in the construction and building sector in the Middle East. Andrea Nucera is one of the prominent leaders in the real estate sector in the UAE and the region. He held his current position since Reportage Properties was established in 2014. Thanks to…

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USA

5 Real Estate Experts Agree That Home Prices Won’t Crash – Norada Real Estate Investments

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Forget the housing market is going to crash! Top real estate experts reveal WHY home prices are likely to STAY STEADY in 2024. Even though U.S. mortgage rates have doubled since before the pandemic and rising home prices have made homeownership more unaffordable, determined home buyers continue to fuel demand and push prices to even higher levels. Home prices hit yet another record high in April, and frustrated prospective home buyers may be wondering if they should buy now or wait for home prices to fall. The reality, according to six…

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USA

The US housing market is ‘stuck,’ and might remain that way until 2026 – Fox Business

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Former Federal Reserve Bank of St. Louis President and CEO James Bullard looks ahead to the next rate decision, unpacks jobs data and reacts to Yellen’s housing development. The affordability crisis that has plagued the U.S. housing market for the last three years is unlikely to improve until at least 2026, according to new findings published by Bank of America. “The U.S. housing market is stuck, and we are not convinced it will become unstuck anytime soon,” Bank of America economists Michael Gapen and Jeseo Park wrote in the Monday…

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