David DeemBroker Associate714-997-3486Active inventory for sale has fallen by 77 homes (down 4%) over the past few weeks and now stands at 1,785, the second-lowest start to the year since tracking began in 2004, behind 2022. There were 36% fewer homes on the market in December, or 532 fewer homes, compared to the pre-COVID-19 three-year average (2017-2019). Last year, there were 2,530 homes on the market, an increase of 745 homes, or 42%. The pre-COVID-19 three-year average (2017-2019) was 4,665, an increase of 151%, more than double.Demand, or the number of pending sales month-over-month, is down 192, or 18%, over…
Author: Private Lending Agent
The retail development landscape is constantly changing, making staying ahead of the curve not just an option but a necessity for occupiers, developers and investors. The retail industry is currently undergoing transformation driven by changing consumer preferences, continuing technological advancements and significant economic fluctuations. National Credit tenants want smaller spaces The rise of small models In recent years, the retail industry has undergone a major transformation, particularly among national credit tenants, with a move to smaller, more efficient store formats. This trend is a major shift away from the traditional big box stores that have dominated retail for decades. The…
Brokers said commercial property insurance policyholders, who have seen premium increases and coverage cuts since 2018, are likely to see more moderate premium increases in the first half of the year as insurance capacity expands and some stability returns. Insurers will continue to push for higher rates, with higher increases expected in the low double digits or higher for more difficult properties such as disaster-risk properties, damaged accounts, food, public entities and apartment complexes. Top-end properties with minimal losses will benefit from a more competitive market, allowing for low single-digit price increases and even flat renewals for some buyers, they…
With over 40 miles of powdery-white sand beaches and calm Gulf waters, the Tampa Bay area is a popular destination for those looking for a beachfront lifestyle. The Tampa Bay counties of Pinellas and Pasco, which border the Gulf of Mexico, are home to condos with wonderful amenities and spectacular ocean views. In the Tampa Bay area, Pinellas County has the longest stretch of sandy beach, with 35 miles of sandy Gulf beaches. Below are snapshots of Tampa Bay’s beachfront cities and towns for those looking for Tampa beach condos for sale: Condo community in Clearwater Beach Belleair Beach Belleair…
(Illustration: Miami, Florida. Photo by Antonio Cuellar via Unsplash) Introduction: Andrew Foster, CRE, Director of CMBS Oversight for KBRA, Dresher, Pa. According to the Mortgage Bankers Association's Quarterly Commercial & Multifamily Mortgage Lending Survey, commercial and multifamily mortgage lending in the third quarter of 2023 was down 49% from 2018 and down 7% from the second quarter. Outlook for the full year 2023 won't be released for some time, but it was a declining year. With the stalled commercial real estate transaction market on the minds of many, loan servicing and asset management professionals entered the new year with a…
Texas has the second largest economy in the United States after California, with a gross state product of $2.4 trillion in 2022. Much of this comes from the oil and gas industry, but agriculture, steel, banking, and tourism also make significant contributions. One reason for the state's large economy may be that Texas has a very favorable business environment in the 21st century. Key Takeaways Texas does not have a business income tax, but certain businesses are subject to a franchise tax. Businesses with revenues under $2.47 million are not taxed. Businesses with revenues up to $20 million are subject…
After a dark year for commercial real estate lending, the sun began to peek out from behind the clouds in mid-December.While 2023 has been largely dominated by uncertainty about how much the Federal Reserve will raise interest rates, the commercial real estate market rallied after the central bank signaled on Dec. 13 that its hawkish inflation-fighting strategy is over and that multiple rate cuts are on the table for 2024. See also: Job Warshaw resigns from Starwood special services company LNR The Fed cut short-term interest rates to a 22-year high of 5.25% to 5.5% and, given current economic conditions,…
Embarking on the journey to renting property in Columbia presents a unique opportunity for landlords in this diverse and growing city. As the state capital, Columbia offers a dynamic rental market, but navigating it successfully requires a solid understanding of state and local regulations. Whether you're a first-time property owner or an experienced landlord, it's important to understand the intricacies of South Carolina rental laws and Columbia's specific ordinances.In this article, we'll cover five key points you need to know to effectively rent and manage property in Columbia. Our goal is to provide you with the knowledge and tools you…
Taking on the role of landlord in the charming historic city of Charleston, South Carolina brings unique opportunities and responsibilities. In a city that blends rich history with modern vibrancy, being aware of the specific laws and nuances of property rental is key to success. Whether you’re new to the world of property management or an experienced landlord looking to branch out, it’s important to understand Charleston’s specific rental laws and regulations. In this article, we’ll cover five key things you need to know to effectively rent and manage a property in Charleston. Our goal is to equip you with…
Entering the Greenville rental market presents a unique opportunity for landlords with a mix of challenges and rewards. In a city known for its vibrant community and beautiful scenery, familiarity with local and state laws is key to a successful rental business. Whether you're just starting out with your first rental property or you're an experienced landlord expanding your portfolio, understanding Greenville's specific regulations is essential.In this article, we'll cover five key points you need to know to effectively rent and manage property in Greenville. Our goal is to equip you with the knowledge and confidence you need to not…