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The Typical U.S. Home Changes Hands Every 13.2 Years
Source: Redfin --- The typical American homeowner in 2021 had spent 13.2 years in their home. That’s down slightly from the peak of 13.5 years in 2020 but up significantly from 10.1 years in 2012. The data in this report is from a Redfin analysis of median homeowner...
Yikes! 6 Surprising Problems First-Time Homebuyers Often Overlook
Source: Realtor --- First-time homebuyers may be the ones who use the term “dream house” the most. And they may also be the ones who then wake up in their new home and ask, “What was I thinking?!” about the property they bought. Or, more accurately, “not thinking.”...
Here’s where wealthy Russians have owned trophy real estate in the US
Source: The Real Deal --- As sanctions intensify against Russia in response to its invasion of Ukraine, so has scrutiny of Russian wealth in America, from yachts, jets and businesses, to, of course, real estate. The U.S. government is moving to freeze the assets of...
To Fix Its Housing Crisis, California Must Unleash the Duplex
Source: Bloomberg --- California’s Senate Bill 9, which took effect in January, brings new hope to California’s housing crisis. The law circumvents local zoning rules by allowing owners of single-family homes to split their properties into two lots and build two...
New York elites are snatching up luxury real estate using a method that’s against many realtors’ code of ethics
Source: Business Insider --- In New York, people with the right money and the right connections are purchasing real estate before it goes on the market. While so-called "whisper," "pocket," or "off-market" sales aren't new, they provide a major advantage at a time of...
Multifamily Construction Sentiment in U.S. Remains Positive in Late 2021
Source: World Property Journal --- According to the National Association of Home Builders latest Multifamily Market Survey, confidence in the market for new multifamily housing improved in the fourth quarter of 2021. The MMS produces two separate indices. The...
Own a Rental Property? Why Filing Your Taxes This Year Rules
Source: Realtor --- My husband and I recently purchased our first rental property. Over the past few months, we’ve repaired and renovated the 1930s-era home, and are starting to look for tenants. And it turns out, our timing couldn’t be better: The Tax Cuts and Jobs...
3 commercial real estate lessons learned from Covid-19
Source: Biz Journals --- The commercial real estate industry has experienced dramatic change since the onset of the pandemic. Remote work impacted the demand for office space; a surge in e-commerce was a boon for the industrial market, yet a damper for retail; low...
What to expect in the 2022 spring housing market, as told by 3 charts
Source: Fortune --- Entering into 2022, the consensus among much of the real estate industrywas that the spring housing market—the industry's peak season—would be a bit less frenzied this year. After all, it couldn't get much worse than the 2021 spring housing market,...
Friends Do Business with Friends
“Being and Time’” written in 1927, best discussed the concept of authenticity, of being, and caring. Martin Heidegger, a German philosopher, is an excellent read. In Heidegger’s study, he referred to as “Dasein,” which means “Being-there.” One may interpret it as...
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