Despite the COVID-19 pandemic, real estate investment has remained strong with the considerable foreign capital increase. For instance, the Pasadena subsidiary of a Chinese-based corporation has acquired a Calabasas office campus for around $79 million, according to the real estate company handling the deal. Gemdale acquired the Park Calabasas office campus. Gemdale USA purchased the
The market has been in correction mode since topping record highs in February. A 5% plus pullback in recent weeks has aroused concerns given the sell-offs that have come into play. Amid the sell-off, fundamentals have continued to improve, affirming that the recent pullback might be a minor correction pending further upside action. Market Bounce
It was highly expected that the COVID-19 pandemic would trigger massive defaults in the real estate sector on shuttering offices, hotels, and stores. A group of investors holding a record hoard of cash had sought to benefit from any upheavals in the industry that would result in a significant drop in property prices. Real Estate
The US real estate sector is heating up amid accelerated economic recovery fuelled by an aggressive vaccination campaign. Strong demand for new homes at the back of declining inventories point to a market-ready to take off. Likewise, deals and activities in the sector are increasingly edging higher to the extent of Compass Inc. plotting a
A recent survey commissioned by Coldwell Banker Real Estate LLC, a Realogy (NYSE:RGLY), has established that the real estate market is booming into this decade, with one in five homeowners planning to sell in the next year. Coldwell ad to feature at the NCAA Men’s College Tournament The Harris Poll surveyed 1,300 homeowners in the
With demand for consumer goods, logistics spaces, and e-commerce increasing in recent months, Forney in Kaufman County has been attracting distribution and warehouse projects. The latest company making a move in Forney is VanTrust Real Estate LLC which is planning a major industrial development project in the community. VanTrust building a distribution center in Forney
Mall values in the US have dropped by almost 60% following appraisals in 2020, which is a sign of more struggles for retail properties despite the economy emerging from COVID-19 enforced lockdowns. Retail property values depressed In 2020 around 118 retail properties anchored with commercial mortgage securities debt erased $4 billion in value following reappraisals.
Home prices and sales surged in the past month in Southern California thanks to a surge in demand, record-low mortgage rates, and a limited supply of homes. According to a report by DQ News/CoreLogic, the median home price for all sales in the region was $599,500 in January. Housing demand high than listings pushing prices
Investors are eyeing up the possibility of a massive long-term infrastructure spending plan even though lawmakers in the United States are focused on short-term coronavirus relief put forth by Joe Biden’s $1.9 trillion plan. Analysts are starting to embed expectations for infrastructure spending with a 25% growth in earnings projections for companies in the machinery
US president Joe Biden has extended the ban on housing foreclosures up to June 30 to help renters who are struggling with the impact of the Pandemic. The foreclosures suspension for federally guaranteed loans was expected to expire at the end of March 31. Biden extends housing foreclosure According to data from Census Bureau, around
While many venues of major entertainment are closed from the public for their purposes many investors think that the public will jump right in when the major threat of the pandemic is over. In fact these investors are thinking there will be a surge in consumer spending to many industries that have been hit hardest
Real Estate has remained resilient even as the COVID-19 pandemic continues to disrupt the global economy. Transaction and activities in the sector have been building up over the past year at the back of new projects and strong demand for new homes. PGIM Real Estate conforming it completed nearly $30 billion in transactions in 2020,
The stock market is on a hot streak lately with all three major New York markets showing an upward trend. The Dow Jones rose 1.08% to close at 31,055.85. The NASDAQ rose 1.23% to close at 13,777.74 and the S&P 500 rose 1.09% to close at 3,871.74. STOXX Europe also saw an increase today, coming
The U.S real estate sector has been resilient amidst the slowdown triggered by the COVID-19 pandemic. A surge in activities in the past year all but affirms solid fundamentals in the sector. Similarly, companies have continued to raise capital all in the effort of safeguarding their edge as well as long term prospects. Community-focused real
The stock market closed on another high today, with all three major markets in New York seeing increases. The Dow Jones rose 1.57% to close at 30,687.48. The NASDAQ closed up 1.56% at 13,612.78 and the S&P 500 closed up 1.39% to finish at 3,826.31. STOXX Europe also closed up today by 1.29% at 405.92.
Activities in the real estate sector have remained intact even on the COVID-19 pandemic taking a toll on a number of sectors. Demand for new homes has continued to edge higher with developers struggling to meet demand conversely fuelling a spike in prices in some markets. A Palm Beach condominium going for $19.5million might as
Exchange-Traded Funds have for the better part for the past year been a bright spot in the vast equity markets. As investors sought to shrug off the effects of elevated volatility in the equity markets, most of them turned to ETFs. Fast forward, the once resilient segment of the equity market is starting to show
The stock market fell today, across the board in New York with the Dow, NASDAQ and S&P 500 all coming in with lower numbers as we head into the middle of the week. The Dow Jones fell 0.07% to close at 30,937.04. The NASDAQ fell 0.07% to close at 13,626.06 and the S&P 500 fell
Real estate is a theme that has held firm amid the shocks triggered by COVID-19. A spike in home prices in some markets has come at the back of strong demand. Likewise, markets such as New York are once again bottoming out, as demand for office space improves. The sector also continues to see an
Advertiser Disclosure StocksForYou is not your typical stock recommendation service but one that offers the best and timely stock recommendation for investors eyeing high returns. The service has mostly lived up to expectations on helping beginners focus on the right things in the market, as was the case in a recent newsletter from November that we
U.S real estate has been a mix of fortune in recent months. While some markets have experienced a spike in home prices amid a spike in demand, some have seen a significant decline in deal activities. The outlook of the overall the market is dependent on how the U.S economy bounces off the COVID-19 pandemic.
U.S real estate is poised for drastic changes as more people get the Coronavirus vaccine. Commercial real estate firm NAI Alliance is already predicting a surge in demand for retail, office space, and multi-family homes going forward. Real Estate Changes While the retail sector has felt the biggest brunt of the pandemic, most retail businesses
The U.S real estate sector has shrugged off the shocks triggered by the COVID-19 pandemic to cap one of the finest runs amid a challenging macro environment. Contrary to expectations, the pandemic has fueled activities in the sector as health concernstriggered the digitization of the home buying process. Pandemic Triggered Home Buying As remote-working took
U.S real estate has started feeling the effects of the COVID-19 pandemic. Soaring home prices is the latest tailwind to hit the sector, which has so far remained resilient amid the challenging macro environment. Likewise, home sales contracted for the first time in more than six months as dwindling supply triggered a surge in prices.
The U.S economy is facing its biggest contraction in more than a decade owing to COVID-19 disruptions. Amid widespread contraction in some sectors, real estate has remained resilient, unlike a decade ago when it was the catalysts behind the financial crisis. Commercial real estate has been a bright spot in the sector as companies move
Financing and investing billionaire Warren Buffet had an interview on Tuesday that used his stature and the reach of his interview to argue that the stalemate by United States Lawmakers in Washington D.C. that has dragged on for seven months now is letting small businesses fail unnecessarily just so they can get what they want
The tradition of working outside the home may be coming to an end as the effects of the coronavirus pandemic is starting to affect company’s long term plans. A study by professors at Harvard Business School, the University of California, San Diego, and University of Virginia stated that “The COVID-19 pandemic shifted the focus of
Airbnb seems to be doing pretty good when it comes to their IPO launch. In fact, they’ve managed to top out well about expectations, for just about everyone. After all, who would have guessed that a home-based vacation service would be able to make it in the middle of a pandemic? But it seems this
First time applications for unemployment benefits jumped in the last week to the highest level in about three months months as coronavirus cases spiked in multiple parts of the country and delays from Thanksgiving finally caught up with the systems. Initial claims jumped to 853,000 from last weeks 736,000 in the seven days ending on
Its business as usual in the real estate sector even as the broader U.S economy experiences its biggest contraction in more than a decade. Investors and companies are increasingly using the opportunity to buy highly discounted properties and projects. Likewise, firms are also using the opportunity to strengthen and expand their footprint with strategic investments.