Real Estate News
Economic growth and relative affordability were top draws for the metros. Salt Lake City ranked first, followed by Miami and Orlando, Fla., as No. 2 and No. 3.
Sellers may overlook some steps that can ease their stress. Realtor.com suggests that sellers should remember to clean everything and to test the doorbell.
Commerce Dept.: New home sales rose 6.1% in Feb. to the fastest pace since July, up about 13% from a year ago. Builders also have ramped up new-home construction.
Freddie Mac: Long-term mortgage rates are down from their highest levels of 2017. Last week, the 30-year FRM was 4.30%; the 15-year FRM was 3.50% and now is 3.44%.
It just got cheaper to do listing presentations on an iPad as Apple drops the price. The cheapest version, however, also comes with a few less bells and whistles.
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Washington DC, Minneapolis, New York City, Los Angeles, Austin, San Diego, Tampa / St. Petersburg, Atlanta, Baltimore, Boston, Charlotte, Toronto, Raleigh / Durham, Phoenix / Tucson, Chicago, San Antonio and South Florida.
Madison Marquette Hires Former...
An affiliate of Starwood Capital Group agreed to sweeten its offer to take Milestone Apartments Real Estate Investment Trust private through a cash-for-stock transaction.
Under the revised bid announced in a joint release by the two companies, Milestone Apartments REIT unitholders will receive 10 cents more per trust unit than Starwood's original cash-for-stock offer valuing Milestone at $2.85 billion, including debt, that was announced on Jan...
Scott Davis joined NorthMarq Capital, Inc. as a senior vice president / senior director in the firm's Tampa, FL office.
Davis will utilize his knowledge in construction, redevelopment and financing in his new role at NorthMarq Capital. He returns to the company with decades of new CRE experience to source debt and equity opportunities, specializing in tax credit bridge financing and land acquisition and development financing.
Prior to rejoining...
Top Commercial Real Estate Firms and Brokers in Tampa / St. Petersburg Win CoStar Power Broker Awards21 Mar 2017 03:08:24
Several top firms and real estate brokers in Tampa / St. Petersburg are among the winners of the annual CoStar Power Broker Awards. Now in its 16th year, the awards recognize those who perform at the highest levels in commercial real estate brokerage.
Every year, CoStar's research team verifies and records the commercial real estate sales and lease transactions that closed during the previous year. From that information, CoStar presents CoStar...
Colliers International has appointed Ryan Kratz as president of its statewide Florida market and John K. Scott as the managing director, tasked with leading the real estate management services team for Colliers International Florida. The new Florida leadership structure comes as part of Colliers' move toward a cohesive statewide platform.
Kratz most recently served as president of Colliers International Tampa Bay, Central & Southwest Florida....
With the popularity of HGTV shows, everyone seems to want to become a real estate investor these days. But where can they make the biggest profits?
The post Want to Become a Real Estate Investor? You’ll Make the Most Money If You Buy Here appeared first on Real Estate News & Advice | realtor.com®.
February’s reading was the second-highest since early 2008.
The post New-Home Sales Roar to a 7-Month High 592,000 Annual Rate in February appeared first on Real Estate News & Advice | realtor.com®.
The supply of existing homes in the U.S. was down 6.4% compared with a year ago, while existing-home prices were up 7.7%.
The post Existing-Home Sales Tumble as Tight Inventory Chokes Housing Market appeared first on Real Estate News & Advice | realtor.com®.
Builders secured fewer construction permits to put up new homes in February, according to a recent report. Apartment and condo buildings were the hardest hit.
The post Could the Housing Crunch Get Worse? What the Latest Construction Numbers Say appeared first on Real Estate News & Advice | realtor.com®.
U.S. home prices surged higher in December, just months after hitting a high last seen at the height of the housing bubble a decade ago.
The post National Home Prices Hit a 2.5-Year High in December, Case-Shiller Says appeared first on Real Estate News & Advice | realtor.com®.
Every December there’s a market phenomenon that sends interest rates higher by about 0.25% across the board. It's called the Santa Bubble.
The post The Santa Bubble: Why Mortgage Rates Are Up Right Now appeared first on Real Estate News & Advice | realtor.com®.
Jonathan Smoke, our chief economist, gives his best guess on how high mortgage rates will go in the next two years—and how that will affect payments.
The post Just How High Might Mortgage Rates Go? appeared first on Real Estate News & Advice | realtor.com®.
Mortgage rates crested 4% for the first time this year, but don't panic. There's not going to be a drastic jump any time soon.
The post 4% Mortgage Rates Are Here—Are You Late to the Party? appeared first on Real Estate News & Advice | realtor.com®.
Despite the widespread belief that mortgage rates will go up this year, they dipped slightly this week, benefiting buyers in the busy spring market.
The post As Mortgage Rates Dip Slightly, Waiting for Other Shoe to Drop appeared first on Real Estate News & Advice | realtor.com®.
In the mortgage rate update for this week, rates hovered near last week's low averages, with a 30-year fixed-rate at 3.67%.
The post No Economic News Is Good News for Mortgage Rates, Which Remain Low appeared first on Real Estate News & Advice | realtor.com®.