Is Now The Right Time To Buy? 15 Factors To Consider
The real estate market is booming and many buyers are looking for a new home. One key reason the housing market is prospering is low mortgage rates. But there are other factors would-be homeowners need to consider when deciding whether now is a good time to buy. To help, members of Forbes Real Estate Council shared their […]
Commercial, Multifamily Mortgage Delinquencies in U.S. Remain Flat in June
Delinquency rates for mortgages backed by commercial and multifamily properties held steady in June, according to the Mortgage Bankers Association’s (MBA) latest monthly CREF Loan Performance Survey. The survey was developed to better understand the ways the COVID-19 pandemic is impacting commercial mortgage loan performance. “Commercial and multifamily mortgage delinquencies continue to be driven by […]
Foreign investors poised to flood U.S. real estate markets
There’s huge pent-up demand among wealthy foreigners to buy property in New York, Los Angeles, San Francisco and other cities — and some people began calling their money managers as soon as Joe Biden’s victory was announced. Why it matters: Cities whose economies are withering under the coronavirus may see a fresh jolt of life from the […]
Inbound New York Buyers Boost Miami Soaring Home Sales in August
According to the Miami Association of Realtors, Miami-Dade County total home sales surged in August 2020. Miami-Dade County total residential property sales jumped 6.4% year-over-year, from 2,374 to 2,527. Miami single-family home sales jumped 16.6% year-over-year, from 1,164 to 1,357. Miami existing condo transactions decreased 3.3% year-over-year, from 1,210 to 1,170. “Pent-up demand, historically low […]
U.S. Home Prices up a Record-Setting 13 Percent Annually in August
According to a new report by Redfin, U.S. median home sale prices increased 13% from August 2019 to $319,178–the highest on record. This 13% year-over-year increase was the largest since October 2013. “Home price growth this high is making the housing market especially difficult for first-time homebuyers right now,” said Redfin chief economist Daryl Fairweather. […]
Orlando Housing Inventory Continues Free-fall as Prices Spike
The Orlando Regional Realtor Association is reporting this week that Orlando’s median price also continued on its upward path, while inventory again fell to a new low in August 2020. “Lack of inventory — not lack of buyer activity, as you would expect — is clearly shaping up to be the concerning result of the […]
Orlando Home Sales Spike in June as COVID-19 Pandemic Continues
According to the Orlando Regional Realtor Association, Central Florida home sales skyrocketed in June 2020, up nearly 46% from May. The number of homes for sale continues to be an issue, as June inventory experienced a decline of 19% when compared to June of 2019. “Despite the ongoing pandemic, there is still strong demand from […]
Here’s what Wall Street bonus season means for real estate this year
Wall Street bonus season is the stuff of New York City home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market with sluggish sales and a glut of high-end units, that vision may be more like a mirage, according to residential […]
Inside the coronavirus epidemic’s impact on US real estate
When real estate broker Sunanne Zhu brought a group of Chinese clients to visit a Manhattan luxury apartment tower last week, the building’s staff had some concerns. In the wake of the Chinese government’s decision to put the central city of Wuhan on lockdown, and following reports of coronavirus cases in Seattle and Chicago, many […]
Real estate startup Curbio expands to Seattle, aims to speed up home renovation projects
Another day, another real estate tech startup comes to Seattle. Curbio co-founder Matt Siegal. (Curbio Photo) This time it’s Curbio, which bills itself as the “only turnkey pre-sale renovation technology company on the market.” The startup is a licensed general contractor that partners with realtors to renovate houses that homeowners are preparing to sell. It handles […]