Category Archives: Real Estate Market News

We’re at the beginning of a ‘great reshuffling’ to space

Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc. Andrew Harrer | Bloomberg | Getty Images The U.S. real estate market is beginning to show signs of a “great reshuffling,” as people relocate to homes with more privacy and space to ease working from home, Zillow CEO Rich Barton said on the company’s Q2 2020 earnings call this week.  “I believe we are at the dawn of a great reshuffling,” Barton said. “I’m sure I don’t need to spell it out for you because we are all […]

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New real estate developments in the city aren’t dead, a report from Development Site Advisors says

Still, developers believe in the resiliency of New York City, the report said, and have filed 450 new building permits since January to begin construction on their new sites. “New development is far from moribund, regardless of the uncertainties posed by Covid-19,” said Lev Kimyagarov, a managing principal at the firm.  Permit filings, however, are 18% lower than they were this time in 2019, data shows, and most of them are for residential developments in every borough except Staten Island, which is focusing on manufacturing. Manhattan led […]

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The Housing Market Has A “False Sense Of Confidence,” One Expert Warns

The federal government’s stopgap measures in the CARES Act helped buoy the economy. But with key … [+] policies now expired, the housing market is to see a turn for the worse, says EasyKnock founder Jarred Kessler. getty Despite early predictions of an impending doom, the housing market has so far eschewed the dampener that the coronavirus pandemic has slammed onto other sectors of the U.S. economy. But with key federal policies lapsing without renewals, infection numbers growing and the economic downturn drawing out, real estate may […]

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Eastern Shore real estate market hot despite pandemic – Maryland Daily Record

By: Special to The Daily Record Samantha Subin August 7, 2020 Long before COVID-19, with interest rates at the lowest they’ve been in decades, realtors nationwide were forecasting a good year for the market. But Laura Anderson, the president-elect for the Mid-Shore Board of REALTORS, never imagined waterfront homes in St. Michael’s to sell at over $1.3 million or Eastern Shore properties to go over asking — … Enter your user name and password in the fields above to […]

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Ares Commercial Real Estate Corp (ACRE) Q2 2020 Earnings Call Transcript

Image source: The Motley Fool. Ares Commercial Real Estate Corp (NYSE:ACRE)Q2 2020 Earnings CallAug 6, 2020, 12:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, and welcome to the Ares Commercial Real Estate Corporation’s Conference Call to discuss the Company’s Second Quarter 2020 Financial Results. As a reminder, this conference is being recorded on August 6, 2020. I will now turn the call over to Veronica Mayer from Investor Relations. Please go ahead. Veronica Mendiola Mayer — Principal, Public Investor Relations and […]

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Acadiana’s once slumping real estate market breaks records in July

William Taylor Potter Lafayette Daily Advertiser Published 10:54 AM EDT Aug 7, 2020 A year in real estate that appeared to be shaping up as “a housing market crash” bounced back to record-breaking sales in Acadiana, fueled by the best July ever for the region and Lafayette Parish, one analysis shows. Bill Bacque with Market Scope Consulting, who released the analysis, said the current interest rate environment — which would have been “unimaginable” last year — is the primary driver for the region’s busy real estate market. More: Lafayette mansion […]

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COVID-19 Creates Housing Boom | GlobeSt

COVID-19 continues to stir the home real estate market and upset the plans of homeowners. Despite the uncertainty in the overall economy, though, demand for homes is remarkably strong. “Somewhat counterintuitively, the coronavirus-driven recession is propping up the housing market,” said Daryl Fairweather, chief economist for real estate brokerage company Redfin. “Homebuyer demand is surging despite GDP taking a historic nosedive in the second quarter, largely because Americans value the home more than ever and are willing to prioritize housing even as they cut back on other […]

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‘General Economic Malaise’ Upends Many Construction Projects

This year was supposed to have set a record in real estate construction, particularly in the apartment sector, until the onslaught of COVID-19 stalled construction projects as the economy shut down, according to Moody’s Analytics. But while a number of developments have stalled, and some have been canceled,  many not-yet-completed real estate construction projects will still go forward, although likely at a slower pace than during the Great Recession, senior economist Thomas LaSalvia predicted in a new report by Moody’s Real Estate Solutions.  “We do expect this decline […]

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Slower Mobility Expected to Transform Real Estate Markets

The coronavirus, which has changed personal behavior and frozen a great deal of social and economic activity, has also reduced the movement of people, slowing real estate markets, according to a new report from a professional organization. It’s also likely to transform the way real estate markets work for years to come, according to a report from The Counselors of Real Estate, an invitation-only group of 1,000 leading real estate advisors, that said COVID-19 has created “unprecedented challenges to mobility.” The pandemic and economic renewal were the […]

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