The time has come for the “slow flip” movement, in which eyesores and zombie houses are carefully and lovingly redesigned before being put on the housing market. I remember the first time I saw a house that Better Shelter developer Steve Jones had “re-sold.” I was out walking my dog and saw what until recently was the ultimate zombie house: vacant and in disrepair beyond repair. What a shame. As a resident of the area, most of the homes were built in the 1920s and I knew they were worth restoring. Gavin Cater And then a miracle happened. Where once…
Author: Private Lending Agent
Despite the RBA continuing to raise interest rates, the decline in property prices across the country is starting to slow. According to CoreLogic, property prices fell 1% nationwide in January, again led by larger falls in Hobart (-1.7%), Brisbane (-1.4%), Sydney (-1.2%) and Melbourne (-1.1%). Smaller capital cities continued to perform well, with Darwin's market remaining relatively stable (-0.1%) over the month, while the booming Adelaide market fell 0.8%. Source: CoreLogic Tim Lawless, research director at CoreLogic, said there were signs that some momentum was slowing from the housing market downturn, although the downturn remains geographically widespread. “The quarterly home…
When commercial mortgage lenders and real estate investors are pursuing fix-and-flip properties, location may be the most important factor in closing the deal. From a macro-level perspective of choosing a location, two key things to consider are the area’s population and migration trends. When it comes to fix-and-flip projects, investors and the mortgage brokers they work with should be mindful of market trends created or intensified by the COVID-19 pandemic, especially with regards to increased worker mobility, a change that means more opportunities to work from home or enjoy hybrid work schedules. This freedom in the working world means that…
Cornell University's Baker Program in Real Estate recently hosted distinguished speaker His Excellency Marwan Jassim Al Serkar from the United Arab Emirates (UAE) to share his experience leading the transformation and economic diversification of the Emirate of Sharjah. His Excellency Al Serkar currently serves as Managing Director of Chapter 3 LLC and is the former Chairman of the Sharjah Investment and Development Authority (Shurooq). During his 20 years at Shurooq, he has driven the transformation of Sharjah through real estate development and strategic partnerships, and has been a driving force for investment, cultural growth, and development in Sharjah. As Managing…
The remodel and resale market has slowed due to rising interest rates, high home prices and weak demand, but it still performed well in the second quarter of 2022, according to Atom Data Solutions' U.S. Home Resale Report. More than 115,000 single-family homes and condominiums were resold from April through June, accounting for 8.2% of home sales nationwide, down from a 9.7% share in the first quarter of 2022 but up significantly year-over-year from the 5.3% share in the second quarter of 2021. This marks the third-highest quarterly rate of U.S. home resales since 2000. In the second quarter of…
Did you like this post? Subscribe to my Substack now for additional insights and content. At the 2022 Jackson Hole Symposium, we got a brief glimpse of what a Fed Chairman could accomplish with “flattery” if he concluded that it was the right thing to do and, moreover, had the leadership qualities to carry it out.In that moment, Powell offered and truly embodied something revolutionary, especially for a generation of delusional speculators who have little conscious or even living memory of anything other than a tolerant Fed that provides unlimited liquidity through ongoing open market operations and stands ready to…
A commercial real estate parcel is a small piece of land that is usually around a retail or shopping center, but is still part of the overall property. These parcels, also commonly called pads, are used to increase the value of a larger property by constructing small buildings for businesses such as small retail stores, QSRs, bank branches, and other service-based retail options. These parcels are very attractive to national retailers because they offer unique advantages over space within a traditional shopping mall. Why Outparcel is leading the leasing industry today In the past, outparcels were viewed by many as…
TAMPA, Fla. — Founded in 1919, Memorial Park Cemetery is one of the oldest African-American cemeteries in Tampa. In every direction at Memorial Park, there are reminders of those who lived, served and died in the city, from war veterans to the factory workers who made Tampa the “Cigar Capital of the World.” What you need to know: The City of Tampa was recently outbid by a real estate investor for ownership of Memorial Park Cemetery. Residents say they were not informed about the historic Black cemetery's change of ownership The Hillsborough County NAACP president said it's unlikely the land…
Loan-to-value ratios (LTV) are widely used in commercial real estate. They are calculated by dividing the loan amount by the value of the property and expressed as a percentage. This article explains the formula for loan-to-value ratio, how to calculate LTV, its importance, and its use in real estate finance. It also explains how to use LTV ratios in a maximum loan analysis, and provides examples of calculating cap rates and cash-on-cash returns. What is the loan-to-value ratio? Loan-to-value ratio (LTV) is the ratio of the loan amount to the property value. Lending institutions widely use this ratio to size…
Dallas “I've loved interior design since I was a child, and that creative urge was something that had never been fulfilled, but it wasn't until I was drawn into the real estate world that I first came up with the idea for house staging.” After co-founding the staging, project management and design company Blackwood Homes with her sister Jennifer in 2018, Sarah Nowak quickly decided it would be much easier to focus on their individual strengths: Jennifer pursued a career in project management, while Sarah founded Sarah Nowak Interiors. Initially, she focused on home staging, and from day one, she…