The student housing market is hot. Sales of this market segment are outperforming the rest of the commercial sector in the first quarter. In fact, if investors continue to buy and sell student housing at the current rate, they’re on track to match the record acquisition volume of 2016.Investors purchased and sold $1.1 billion in student housing properties in the first quarter of 2017, according to CBRE, a real estate services firm.For the past
Mortgage volume is starting to rise again, and home buyers are fueling the increase.Total mortgage application volume, including for refinancings and home purchases, rose 2.4 percent last week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday.Home buyers are seemingly undeterred by higher home prices and the limited number of homes for sale. Mortgage applications to buy a home increased 2 percent last week and ar
Businesses have been knocking down walls to create an “open office” that fosters interaction and collaboration with coworkers. But the trend may have backfired.New research shows employees suffering from “visual noise,” the activity or movement around their field of vision, may experience dampened analytical thinking, creativity, and productivity.“If we see a bunch of people gathering in our peripheral vision, we wonder, ‘What are th
Can senior-living communities be generated organically as boomers age? A look at Morningside Heights, a residential neighborhood in northwest Manhattan near Columbia University, indicates this might be a strategy for aging in place in a more fluid way.The community is what the New York City Department for the Aging calls a naturally occurring retirement community, or “a multiage housing development or neighborhood that was not originally built
In competitive housing markets across the country, making an offer that sticks has become increasingly difficult. Ensure your client doesn’t make the process even tougher by succumbing to one of these common mistakes.Delaying“Time kills deals,” says Andrew Sandholm of BOND New York Properties in New York. “Dragging your feet means you could wind up paying more in a bidding war situation or missing out on the property altogether.” Buyer
Jeff Lobb, co-founder of SparkTank Media, has spent more time on stages across real estate events over the past five years than most.Between moderating critical conversations to keynoting leading technology conferences, Lobb consistently over-delivers from stage with a message that is engaging, actionable and memorable.Jeff LobbWith Inman Connect San Francisco around the corner, we caught up with Jeff on how anyone can take their presentation ski
As part of her 10 Questions podcast series, F.C. Tucker broker Angela Raab interviews Todd Ferris, a top producing agent who has grown a tremendously successful real estate business in Indianapolis, Indiana.Listen in to hear how he: Generates diversified leads Hosts client appreciation parties and gatherings that lead to more business Uses Facebook marketing to reach out to clients and prospects Structures his business and finances for optimum p
Mortgage financing giants Fannie Mae and Freddie Mac are reportedly considering providing financing to buyers of manufactured homes soon in a pilot program.The government-sponsored enterprises say they want to look at easing the burdens of low-income borrowers who may turn to factory-built homes to curb housing costs, according to a draft report released Monday where Fannie and Freddie addressed affordable housing challenges. Fannie and Freddie s
Luxury real estate buyers may find bargains in the U.S. compared to the rest of the world. The U.S. is hardly the most expensive when it comes to home prices in its luxury market.Instead, China takes the world crown in that arena for the fastest-rising prices in luxury residential real estate around the world. Luxury home prices in Guangzhou, the capital of the southern province of Guangdong, rose a whopping 36.2 percent from March 2016 to March
With home prices on the rise, more home values are climbing up above water, but in a few cities, the number of seriously underwater homes is still alarming.Profile of Seriously Underwater HomesThe following are some characteristics of properties that are seriously underwater, according to ATTOM Data Solution’s report. 8% of properties with an estimated market value of $100,000 or less were seriously underwater; 9.3% of properties valued between
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