The U.S. housing market has had a rough decade, but according to the Mortgage Bankers Association, time is on its side. The most recent recession depressed household formation, but a new study released by the organization this week asserts that household formation, and thus the demand for residential real estate of all flavors, will rise significantly during the next 10 years, bouyed especially by strong demographics. The exact mix of rental and for-sale will depend on consumer choices — such as whether Millennials really have eschewed for-sale housing in great numbers — as well as the cost of owning vs. renting, and other factors… Read more »
While Phoenix has been a prime real estate market for Canadians, investors from other countries such as China are putting their money into so-called “24/7 markets” such as New York, San Francisco and Los Angeles where there is constant activity day and night. “What we’re seeing with the Chinese and many other foreign investors is an interest in 24/7 markets,” said Gary Linhart, founding partner of ViaWest Group. “They want to hedge their money in real estate to protect it against fluctuations in China, but they want it to be in a market where people live, work and play”… Read more »
Commercial property investment activity in Europe reached its highest level since 2007, totalling 102.5 billion Euro in the first half of 2015, the latest market analysis report shows. The investment volume across the 16 participating countries was 25% up on the same period last year, according to the European Investment Briefing report from international real estate advisor Savills… Read more »
Commercial fundamentals in REALTORS® markets continued gaining strength during the second quarter of 2015. Based on NAR’s Commercial Real Estate Market Trends report vacancy rates mirrored regional and product variations, as most properties posted availability declines. With rising new supply, apartments experienced availability increases, as the national average rose from 6.0 percent in the second quarter of 2014 to 6.6 percent in the second quarter of this year… Read more »
Haggen said Friday it is working with suppliers to resolve supply chain issues and expects to pay all of them in full. The comments came in response to media reports the company has not kept up payments to suppliers…Read more »