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Tuesday, October 27th, 2020

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Posted by: | Posted on: October 27, 2020

Struggling Rental Market Could Usher in Next American Housing Crisis

A housing crisis centered on the vast apartment and home-rental markets is emerging in the U.S., threatening to send millions of renters into eviction and leave landlords short billions of dollars.

A large number of renters have been unable to pay some or even all of their rent since March, when the pandemic temporarily shut down most businesses. Many businesses remain closed or only partially open, pushing renters into unemployment and draining their savings.

Federal and local eviction moratoriums have protected many of them from losing their homes if they missed payments during the pandemic. But the national eviction ban and some state and city protections are set to expire by January or sooner. Renters will then be on the hook for months of missed payments, which even those who have jobs could struggle to pay.

Estimates of total outstanding rent debt vary widely. Yet by any measure, the fallout

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Posted by: | Posted on: October 27, 2020

Office Lease Renewals Rebound in Miami-Dade County

Tenants are beginning to show interest in lease renewals in Miami-Dade County following months of office closures and other restrictions. The latest report from Colliers International shows that interest in lease renewals as well as sublease space increased in the third quarter compared to the second quarter.

Three of the five largest leases signed in the quarter were lease renewals and expansions, another sign of recovery. Those leases include the deal by co-working operator Regus. The company signed a 20,700-square-foot renewal/expansion at 6303 Blue Lagoon Drive in the Miami Airport submarket.

While lease renewals were a bright spot for the Miami-Dade County market, other fundamentals continues to show signs of market deterioration. According to the same Colliers report, the vacancy rate increase 1.1% over the second quarter, bringing it to 10.7%, and absorption was negative 836,566 square feet; however this number was a 100,000 increase from the second quarter. In

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Posted by: | Posted on: October 27, 2020

Ahoy There! 12 Heavenly Houseboats You Can Buy Right Now

Houseboat living conjures images of calm waters, gentle breezes, and views you just can’t get on land.

The vessels have a long history all over the world, but more than a century ago, some of the earliest in the United States were built by logging families around Seattle, WA, who wanted to be able to float along with their timber down the river.

From those industrious beginnings, the tradition of American houseboat living was born. Fast forward to today, and the humble houseboat has become a coveted piece of property for home hunters seeking to escape the everyday constraints of landlubbers.

With those sea-salt-lovin’ folks in mind, we rounded up this list of 12 houseboats on the market right now. These seaworthy options range from multimillion-dollar floating mansions to tiny vessels built for a single soul to bob along with the waves.

Not surprisingly, Seattle is the city with the

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Posted by: | Posted on: October 27, 2020

New Home Sales Dip Slightly in September, but Remain Strong Going Into Fall

The numbers: Sales of new single-family homes fell in September, but the housing market remains poised to buck seasonal trends nonetheless.

New home sales occurred at a seasonally-adjusted, annual rate of 959,000, the U.S. Census Bureau reported Monday. That represents a 3.5% drop from an downwardly-revised pace of 994,000 homes in August. Compared with last year, new home sales are up 32%.

Last month, the government had reported that new-home sales had exceeded an annual rate of 1 million for the first time since 2006. The government uses a small sample size to produce the new-home sales report, which makes it prone to significant revisions like this.

Economists polled by MarketWatch had expected home sales to increase to a median pace of 1.033 million.

What happened: New home sales fell a staggering 28.9% in the Northeast, followed by much smaller declines in the Midwest and the South. Comparatively, the

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