The retail industry is constantly evolving, and keeping up with the latest trends is crucial for businesses who want to stay competitive. In recent years, we've seen a major shift toward experiential retail, with DTC companies opening their own brick-and-mortar stores and shop-in-shop formats gaining popularity among some retailers. Let's take a closer look at these trends and the benefits, challenges, and limitations they entail. Experiential retail Experiential retail is a retail model that prioritizes customer experience over selling products. By creating an immersive and engaging environment, customers are encouraged to spend more time in-store, leading to increased brand loyalty…
Author: Private Lending Agent
The British Columbia government has introduced a multi-billion dollar plan to build more housing as quickly as possible in an effort to turn the country's housing crisis around.The so-called “Housing for People” plan promises to invest $12 billion over 10 years, starting with $4 billion over three years, through construction incentives, laws to curb speculation and financial assistance to renters and homeowners.”This crisis is affecting people in every corner of our state, affecting the quality of life in our communities and straining our entire economy,” Premier David Eby said.”Businesses are struggling to attract workers who can't afford to live in…
In 1923, the Chicago City Club sponsored a competition to address “the theoretical and practical parameters, social and physical, of a micro-community in a suburban context with a focus on housing.”1 William E. Drummond, a student in the Frank Lloyd Wright studio, offered the concept of the “Neighborhood Unit.” This innovative urban design suggested that neighborhood organization should center on the proximity of residences and essential services to foster a cohesive identity and a sense of belonging in the community. Today, nearly a century later, Chicago neighborhoods are once again drawing inspiration from the principles of the Neighborhood Unit, which…
LOS ANGELES, CA, March 6, 2023 — Crexi, the commercial real estate (CRE) industry's fastest growing marketplace, data and technology platform, today announced Casandra Properties, Inc. as the winner of its annual Platinum Broker Awards, an awards program recognizing the top performing brokers on Crexi's platform. “Crexi has helped us manage our vast commercial database and acquire new customers,” said Vic Salvo, chief marketing director. To be recognized as a Platinum Broker, Crexi users must be in the top percentage of brokers using the platform. Among other winners, Casandra Properties, Inc was recognized for exceptionally high engagement, high property search…
In the two years since I started the PropTech Future blog, the sentiment and enthusiasm in many areas of the PropTech ecosystem has done a complete 180 degree flip. We have gone from record fundraising amounts and continued launches of innovative companies to the most challenging fundraising environment I have witnessed in my career. Skyrocketing interest rates have contributed to these challenges, and the recent collapse of Silicon Valley Bank (followed by the dumping of Signature Bank and Credit Suisse) makes it clear there is still a lot of pain to be felt.The challenges for the real estate industry go…
According to ATTOM's Year-End 2022 U.S. Home Resale Report, 407,417 single-family homes and condominiums were resold in the U.S. in 2022. This figure represents a 14% increase from 357,666 in 2021 and a 58% increase from 2020, making it the highest figure since at least 2005. The number of homes resold by investors last year accounted for 8.4% of all home sales, the highest figure since at least 2005 and up from 5.9% in 2021 and 5.8% in 2020, according to ATTOM's latest home resale analysis. The report noted that despite a surge in buy-now-renovate-resale returns by investors, gross profit…
According to the ATTOM report, home resales in the U.S. reached a 17-year high, but investment returns fell to the lowest level since 2008. The Irvine, California-based land, property and real estate data management company released its Year-End 2022 U.S. Home Resales Report on Thursday, showing that the number of single-family homes and condominiums resold in the U.S. was 407,417, up 14% from 357,666 in 2021 and up 58% from 2020, the highest since at least 2005. The number of homes resold by investors accounted for 8.4% of all home sales last year, up from 5.9% in 2021 and 5.8%…
Buying a home, renovating it and then quickly selling it for a high price remains a lucrative business, but new real estate data shows that home flipping is no longer as profitable as it once was.Investors flipped more than 407,000 single-family homes and condominiums last year, up 58% from 2020, according to data released Thursday by real estate data firm ATTOM. The average profit on those sales was $67,900. While that may seem like a sizable gain, it's the lowest since the 2008 financial crisis, which was triggered by the collapse of the housing bubble.ATTOM has been measuring home flipping…
Number of Home Flips Hits Highest Level in More Than 15 Years; But Investment Returns on Flips Sink to Lowest Point Since 2008; Two-Thirds of Flipped Homes Purchased with Cash IRVINE, Calif. – March 23, 2023 —ATTOM, a leading curator of land, property, and real estate data, today released its year-end 2022 U.S. Home Flipping Report, which shows that 407,417 single-family homes and condos in the United States were flipped in 2022. That was up 14 percent from 357,666 in 2021, and up 58 percent from 2020, to the highest point since at least 2005. The report reveals that the number…
Buying a home, renovating it and then quickly selling it for a high price remains a lucrative business, but new real estate data shows that home flipping is no longer as profitable as it once was.Investors flipped more than 407,000 single-family homes and condominiums last year, up 58% from 2020, according to data released Thursday by real estate data firm ATTOM. The average profit on those sales was $67,900. While that may seem like a sizable gain, it's the lowest since the 2008 financial crisis, which was triggered by the collapse of the housing bubble. ATTOM has been measuring home…