Though it looks easy on TV, Honolulu is a tough city for home flippers, who face the same rising home prices and other related costs as those hoping to stay at home. Honolulu's median home price – the price above which half of sales are higher and half are lower – rose year-over-year in June, according to a monthly report released Saturday by the Honolulu Board of Realtors. According to HBR data, the median price of an existing single-family home rose 6.7% to $1.12 million in June from $1.05 million, while sales rose 4% to 258 from 248. The median…
Author: Private Lending Agent
Hill Street Studios/Getty Images Key Takeaways Flipping a house is the act of buying a property low and selling it quickly for a profit. Successfully flipping a house requires a lot of capital, careful budgeting, and a team of trusted contractors. There is the potential for big profits, but it also comes with big risks and potential losses. If you watch HGTV every day, you'll come across a show featuring smiling people transforming ugly properties into jaw-droppingly beautiful homes. Sometimes these magicians are professional real estate investors, and sometimes they're just regular people, but most of the time, they resell…
Mirvac's sale of a two-thirds stake in its planned $2 billion Sydney office tower to Japanese conglomerate Mitsui Fudosan is Australia's largest commercial property deal for 2023-24. Mitsui Fudosan's $1.32 billion acquisition of a majority stake in the 55 Pitt Street project was the most valuable commercial real estate transaction in the 12 months to June 30, 2024, according to MSCI data. Preliminary results showed Australian commercial property transaction volumes will total $41 billion in 2023-24, down about 30% on the previous year, MSCI said. Benjamin Martin-Henry, head of real assets research in the Pacific at MSCI, said much of…
As Marketbeat reports, shares of PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report ) have received a consensus rating of “Hold” from the 6 analysts covering the company. Four research analysts have rated the stock with a hold rating, and two have issued a buy rating to the company's stock. The average 12-month target price among analysts who have issued ratings on the company's stock in the past year is $14.92. A number of equity research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price target on shares of…
With the Reserve Bank of India (RBI) expected to cut repo rates later this year, now is seen as a good time to park funds in fixed deposits. Ideally, you'll want to lock in your money for a long period of time to make the most of high interest rates. Interest rates usually rise with the length of time you deposit, meaning the longer the term, the higher the interest rate and the shorter the term, the lower the interest rate. Here we take a closer look at the top banks and the interest rates they offer on 3-year fixed…
Credit: Getty ImagesThe commercial real estate market is undergoing significant transformation heading into 2024. Construction and commercial real estate professionals are seeing a slight slowdown in new projects and transaction volumes due to the impact of rising capital costs, inflationary pressures, and talent shortages. In this changing market, commercial real estate developers must seek ways to mitigate the effects of market uncertainty and volatility.Eric Stoll, vice president of commercial services at Advia Credit Union;While demand for high-quality Class A space remains strong, the lack of available capital for new office projects has led to increased interest in second-generation office space.…
Residential real estate is one of the most thriving and dynamic markets in Pakistan. Offering lucrative opportunities for homebuyers, developers and investors alike, the residential real estate sector is leading the way with projects such as Lahore Smart City and Capital Smart City 3.5 Marla Harmony Homes. Here, we provide a detailed analysis of Pakistan's residential real estate market, focusing on industry trends, growth opportunities, and key factors driving the market while also examining Lahore Smart City payment plans and the unique offerings of Capital Smart City 3.5 Marla Harmony Homes. Pakistan Residential Real Estate Market: An Overview The last…
A keen eye and expert navigation are essential to understand the complexities of real estate transactions. Commercial Surveyors are best able to help you successfully navigate a transparent real estate transaction process. Be it residential or commercial property, they evaluate, manage and develop your property with deep insight and a specialized approach. Let’s take a closer look at the responsibilities of commercial surveyors in real estate transactions, plus how their expertise is essential in projects like Lahore Smart City and Capital Smart City 3.5 Marla Harmony Homes. Who are Commercial Surveyors? Commercial surveyors are the superheroes who help businesses in…
Property damage is a nightmare for investors and homeowners alike. However, understanding the different types of property damage is essential to take timely measures to prevent the risks and other potential damages. Nowadays, repair costs are high and in case of major damage, you have no choice but to take immediate measures. Fortunately, modern housing societies like Capital Smart City have built a comprehensive and well-planned infrastructure to avoid property damage in all cases. Here we will discuss the different types of property damage, with a particular focus on their impact on real estate investments. Three Main Classifications of Property…
You don’t have to worry about artificial intelligence taking over your job, but the real estate agent down the hall who is using AI could take your business. This technology is the most powerful tool humanity has ever acquired. The AI locomotive left the station on November 30, 2022. It is now a bullet train hurtling down the tracks and cannot be stopped. The important thing to understand about artificial intelligence in real estate is that AI takes over menial tasks like social media posting, marketing, identifying real estate trends, creating newsletters, etc. For you as a real estate agent,…