Reports show a shortage of millions of affordable homes currently in the US. Adobe The perfect storm of affordable housing crisis is brewing right now; a threat made up of the already low supply that is hitting the increasing post-pandemic demand head on. Before the pandemic, supply was an issue. The National Low Income
Real Estate
Remember when finding a home close to your office, in a trendy neighborhood, or zoned to a specific school district was a top priority? These days, things are different. In this post-pandemic world, the classic real estate motto of “location, location, location” is no longer what’s driving buyers. Now, it’s all about “deal, deal, deal”
About 400,000 homeowners have fallen behind on their mortgage loans, despite eligibility for a … [+] payment-free forbearance plan. getty It seems there’s a communication issue with some of America’s struggling homeowners. According to a new report, around 400,000 U.S. homeowners have become “needlessly delinquent” on their mortgage loans, despite qualifying for a payment-free forbearance
Getty There was history underfoot at Vermont’s Marlboro College. Tucked away in the Green Mountains, the nonprofit institution founded at the end of World War II held its first graduation in 1948. Robert Frost read a poem at the ceremony and Life Magazine printed a picture of its lone alum: a former rifleman named Hugh
Charleston, South Carolina saw median listing prices rise 14.4 percent getty Housing prices aren’t coming down anytime soon according to realtor.com. In its latest housing report, the take-away is housing prices around the country remain at record highs as we move towards year-end. The U.S. median home price hit $350,000, a 12.9 percent year-over-year increase.
New Study Predicts Gloomy Economic Times Ahead For Americans getty With unemployment sky rocketing as a result of Covid-19, there has been a corresponding rise in evictions and mortgage defaults. A new study from Washington University in St. Louis’ Olin Business School of the loan-to-value ratios in the wake of the 2008 financial crash issues a
NAI Hiffman recently completed a lease for an e-commerce company for two last-mile warehouses in the … [+] near-in Chicago suburb of Cicero, Ill. NAI Hiffman Much has been written about the pandemic-precipitated problems plaguing real estate’s commercial sector. But with office and retail-oriented real estate feeling the ill effects of COVID-19, there’s one sector
Expo floor at the International Builders Show, one of the largest trade shows in the United States. … [+] (Photo by Roberto Gonzalez/Getty Images) Getty Images When one of the largest trade shows in an industry goes virtual, the announcement makes major waves. That was the case today when Design & Construction Week, the successful
Owners excavated forty feet of cliffside to build the addition to the house Brian Kitts/Steel Blue As San Francisco’s property market continues with a slowdown, there are certain highly coveted pockets of land still riding a bullish wave. Sea Cliff, home to the likes of Marc Benioff and Jack Dorsey, sits in small northern corner
To Wall Street and many home builders, their business is moving units, turning inventory, generating margins of return on invested capital. To a strong, deep, and seemingly enduring stream of buyers, those teeming transactions are something else: home, livability, well-being, a place to prosper. New home buyers are ante-ing up in droves to solve a
The Kohler Setra kitchen faucet in not only touchless but also responds to verbal commands. Photo courtesy of Kohler You come into the house from shopping and you want to clean your hands to avoid bringing any bacteria or viruses in – the touchless faucet is the perfect next step. This way you don’t have
Brooklyn is foundational to NYC’s recovery. Ariel Property Advisors On September 22, Industry City’s proposed rezoning and expansion joined Amazon HQ2 in Queens as another major multi-faceted neighborhood development to be scrapped after community opposition and a lack of support from local officials. These reversals of fortune for major developments represent a sea change in
The expansive home is on a bluff overlooking the Potomac River Gordon Beall Sited on 16.5 acres of George Washington’s original Mount Vernon estate, River View overlooks the Potomac River from a commanding bluff. Today it is for sale for $60 million. “This was originally part of Washington’s River Farm, and was deeded to his personal
In two or three years, when New York is fully New York again, today’s buyers will feel confident … [+] that these purchases represented smart, future-oriented thinking. Getty Are there actual people of means who are NOT running from New York as fast as they can? With no theater, no concerts, little indoor dining at
Halting stimulus talks could have sweeping effects for American renters. getty President Trump’s recent waffling on potential stimulus efforts could have sweeping effects for American renters. According to a new report from public policy think tank the Urban Institute, about 5.3 million renter households are dealing with a job loss. Though state unemployment helps, a
Kyle Crown is the President of Crown Commercial PM. He holds a B.S. in business from the University of Pennsylvania’s Wharton School. getty Let’s not sugarcoat it: 2020 has been an incredibly difficult year. The Covid-19 pandemic has wreaked havoc on our communities, taking its toll on lives and jobs. A vaccine would be great; a
Breegan Jane revels in the design-build process Courtesy of Breegan Jane on behalf of Trane Residential California native Breegan Jane is an interior designer, owner of an eponymous design-build firm, and, among other media turns, the new designing face of HGTV’s recent reboot of “Extreme Makeover: Home Edition.” She sees the ongoing Corona virus pandemic
With the economy fluctuating, more investors turn to the real estate market because of its resilience. Yet, to get the most out of the real estate market, an investor needs to spot trends before they become apparent to everyone. Over the next one to three years, the real estate market is likely to see a
The two-story box-like home, which is on the market for $12.9 million, has an indoor pool and cinema … [+] room CGP Design Do unusual homes require a different kind of sales marketing? The owner of this converted Cold War bunker in northwest London clearly thinks so. The sales particulars for this 10,000-square-foot concrete house
Exemplifying the building boom of new residential properties in South Harlem is 300 West, a … [+] 15-story, attainably-priced luxury condominium. Asthetique Extending from Morningstar Park to Fifth Avenue, and from Central Park North to West 125th St., New York City’s South Harlem continues experiencing a major transformation. Across the enclave a blossoming of upscale