The pace of residential property price growth in the United States is set to slow this year and continue doing so into 2018, according to real estate experts. The result of the latest quarterly Zillow Home Price Expectations Survey, which takes into account the views of more than 100 expert panellists, suggests that home values will end 2014 up an average of 4.6% from 2013, to a median value of $177,895… Read more »
The retail real estate sector has feared the effects of e-commerce and the steady erosion of brick-and-mortar retail sales by online stores for years. The latest scare comes from a research note published last by Goldman Sachs analysts in which they addressed the future prospects of such big-box retailers as Walmart and Target. It wasn’t pretty… Read more »
What’s the outlook for the construction market for the rest of the year? Economists from trade associations representing home builders, construction companies and architects provided their answers in a webinarMonday… Read more »
Forget the fluorescent-lit indoor mall that’s been synonymous with shopping for years. The future of retail will look starkly different 25 years out. Full-body scanners that take your measurements, and recommend the clothes that best fit your body. Seamless checkouts that can be done from inside the dressing room or on your mobile phone, eliminating the need to wait in line. Innovations like these are already threatening to become mainstream. And, as consumers shift a larger chunk of their spending toward the Web—where they’re offered a seemingly endless pipeline of products—experts say bricks-and-mortar locations need to undergo a complete makeover to stay relevant in future decades… Read more »
Real-estate guru Michael Orr finally has confirmed what I’ve been experiencing all spring and summer: the Phoenix housing market is in a slump… Read more »