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While Renters Drove The Suburban Housing Boom During The Pandemic, They Still Love Urban Markets NYC Rents Have Begun To Rise Again As Mortgage Rates Remain Elevated Sun Belt Housing Supply Grew Faster Than Its Massive Population Growth The initial thinking during the market frenzy of the pandemic era was that consumers would seek space over location and in NYC's case move to the suburbs. After...
Chicago Has The SecondHighest CMBS Commercial Office Distress Office Leasing Price Trends Are Rarely Discussed Media Coverage Office Remains The Highest Distressed Commercial Asset Class Our first jobs out of college in 1982 were in Chicagoland and my wife and I loved living there. One of the first things I did was learn where the name "Chicago" came from and have yet to meet a local who knows...
Airbnb Battled NYC For Years But Lost With A 2023 Law That Crushed The Market New Bill Exempting 12 Family Properties From Significant Restrictions Being Proposed In Reality, NYC Is A Rental Market, Dominated By Rentals Don't get me wrong. I love New York. However, I have found that economic market forces have always been a tough topic for both New York State and New York City to grapple with...
Most Housing Analysts Think Home Prices Are Going Up In 2025 Big Banks And Wall Street Are The Most Bullish On Housing Prices Inventory Continues To Be A More Powerful Price Influencer Than Mortgage Rates Lance Lambert of ResiClub one of the best residential housing market analysts around dug in and found a bunch of housing price forecasts for 2025. The bottom line is that all major economic...
Tiny Home Solutions Gloss Over The Need For Land Land Appreciates While Buildings Depreciate Amazon Is Taking Over The Tiny Home Torch From Sears When we think about the genre of tiny homes, as shown on television reality shows, no one speaks about the cost of land. Housing is experiencing a perfect storm. The median U.S. existing home costs $407,200. Rocket Mortgage suggests that tiny homes cost...
Adam Neuman Is Personally Worth 110 Times The Value Of WeWork His 2022 Miami Startup Flow Is Backed By a16z, A Leading VC His Investors Seem Driven By FOMO, Not The Potential Upside Adam Neumann, the wellknown founder of WeWork and his new startup, Flow, has a personal net worth of about $2.3B. His former company is now only worth about $21 million. While I've been involved in several startup...
Fannie & Freddie Are Essential For The Homebuying Process By Expanding Capital For Mortgage Lending The GSEs Did Not Learn Their Lessons From The Moral Hazard Of The Financial Crisis The GSEs Maintain A Cultural Arrogance That Will Get Them Into Trouble If Freed From Conservatorship First of all, Happy Thanksgiving to all my readers! Early in my career, I learned that certain costs never go...
Remembering The Alice Of Alice's Restaurant Fame Premium Grocery Brands Like Whole Foods, Drive Apartment Rents Higher The "Third Place" In A Neighborhood Such As Starbucks Fosters Entrepreneurialism The woman who owned the restaurant made famous by Brooklyn's Arlo Guthrie in his 1967 song Alice's Restaurant Massacree just [gift link>] passed away. It's a tradition that this fun song always gets...
Art Installation "Comedian" Just Resold For $6.2M As Possible Luxury Housing Market Proxy Lower Mortgage Rate Expectations Scaled Back From Higher Inflation Risk New And Existing Home Sales And Prices Expected To Rise Modestly In 2025 As either a sign of insanity, a strong economy, or a crypto disconnect, (gift link) a banana with duct tape art installation "Comedian" just resold for $6.2 million...
Redfin Report Shows Higher Property Tax Gains In Sunbelt States Texas And Florida Lead The Pack For States With Largest Gains The Extension Of The SALT Tax Is A Big Economic Unknown Along with higher mortgage rates and rising insurance costs, property taxes are surging. The Sun Belt is experiencing growing pains reflected in higher costs that came from extra support services needed during the...
The post 11-2024: Queens Months of Supply by Price first appeared on Miller Samuel Real Estate Appraisers & Consultants. [...]
This week I joined Jim Duncan and his colleagues at Nest Realty in Virginia. I've known Jim for years through our mutual online writings. His Jim's Note has always been [...]
