• Beware of Expensive Real estate.

    To be successful in real estate, you must always and consistently put your clients' best interests first. When you do, your personal needs will be realized beyond your greatest expectations.
  • From Our Real estate to Yours

    Real estate sales was perfect training for the experience to go into public life because you learn to accept rejection, learn to meet new people, learn to work with people and find common ground. That's the way you sell houses... that's also the way you win over constituency.

Wednesday, September 30th, 2020

now browsing by day

Posted by: | Posted on: September 30, 2020

Global Capital Flows to US Multifamily Fall Nearly 50%

Global capital inflows into American apartments dropped precipitously in the first half of the year.

As economic turbulence around the COVID crisis weighed on the market, global capital invested in American apartments fell 49.2% year-over-year to $3.1 billion in the first half of the year, according to CBRE. 

A nearly 80% decline in foreign investment in Q2 accounted for most of the drop off, which CBRE attributed to limits on “international travel, difficulty in conducting due diligence and declines in occupancy and rent levels.”

New York, which suffered tremendously from the COVID crisis this year, was the only market with year-over-year foreign investment growth, posting $10.6 billion in sales. Yet, its 641% increase was primarily attributable to two megadeals, according to CBRE. 

Behind The Big Apple, Sun Belt markets Tampa (-28%), Phoenix (-39%), Los Angeles (-55%) and Austin (-69%) were the strongest performers.

When global investors were buying, they had

Read More
Posted by: | Posted on: September 30, 2020

Carefully determine changing demand for real estate as average prices fall

The following editorial appeared in Wednesday’s Japan News-Yomiuri:

– – –

Land prices in Japan, which had been on an upward trend, have begun to fall due to the spread of the novel coronavirus. The government and related industries need to closely watch developments in real estate demand.

The national average of land prices for all categories of use as of July 1 this year dropped for the first time in three years, according to a report on benchmark land values released by the Land, Infrastructure, Transport and Tourism Ministry.

By category of use, the national average of land prices for commercial areas, which are susceptible to economic fluctuation, dropped for the first time in five years. Commercial land prices in regional areas, which rose for the first time in 28 years last year, dropped again. The national average of land prices for residential areas further increased the range of

Read More
Posted by: | Posted on: September 30, 2020

U.S. Home-Price Growth Picks Up Pace Amid Pandemic Buying Rush

Home-price growth began accelerating in July, a sign that the slowdown in home prices caused by the coronavirus pandemic may be reversing.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 4.8% in the year ending in July. On a monthly basis, prices rose 0.8 percentage points from June to July, after staying flat during the previous month.

Meanwhile, sales of existing homes have surged, rising 10.5% on an annual basis in August, according to the National Association of Realtors. That included a 44% increase in the sales of homes costing more than $1 million.

Home sales during the pandemic have been boosted by more families deciding to buy single-family homes where they can more comfortably work from home and have their children do remote learning. Their purchases have been aided by historically low mortgage interest rates.

Read More