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Aug 1, 2019 7:48 AM ET

L+M, Invesco Agree to Buy Manhattan Apartments for $1.2 Billion

iCrowdNewswire - Aug 1, 2019 - The two firms agreed to buy 2,800 market-rate rental apartments, with a plan to make them affordable. (Bloomberg)—L+M Development Partners and Invesco Real Estate agreed to pay $1.2 billion for 2,800 Manhattan market-rate rental apartments, and plan to return the bulk of them to affordability. The partnership is buying five buildings in Harlem and Roosevelt Island, according to a statement by L+M. The properties were developed under the state’s Mitchell-Lama. [more...]

Aug 1, 2019 6:10 AM ET

Clever Ways to Find Real Estate Deals in Highly Competitive Markets

iCrowdNewswire - Aug 1, 2019 - Deal-Finding Case Study Here’s a case study of an actual purchase my company and I made. It’s an 80-unit apartment that was bought in February 2018. We found it through a simple cold call, as easy as it sounds. What it took was multiple follow-ups. The owner was originally not interested whatsoever, but we were able to convert them into being interested. The key was staying top-of-mind. Deal by the. [more...]

Are Value-Add Apartment Buildings Still a Worthwhile Investment Opportunity?
Aug 1, 2019 6:05 AM ET

Are Value-Add Apartment Buildings Still a Worthwhile Investment Opportunity?

iCrowdNewswire - Aug 1, 2019 - Want an investment that generates 20 percent annualized return without taking on any risk at all? Well, sorry to break the bad news… no investments are risk-free. However, there are certain things that you can do when investing in real estate to minimize your risk exposure. This article will go over the benefits and risks of an apartment value-add. What Is an Apartment Value-Add? An apartment value-add is defined as. [more...]

Aug 1, 2019 6:00 AM ET

The 20 Best Performing Opportunity Zones for Real Estate Investors

iCrowdNewswire - Aug 1, 2019 - There is a lot of buzz among investors surrounding Opportunity Zones. But what do we know about where investments are being made and how these investments are performing? With 8,700 certified Opportunity Zones to choose from, there is no shortage of opportunity. The challenge is knowing where to put your money. What Are Opportunity Zones Anyway? On December 22, 2017, the Tax Cuts and Jobs Act created a new section. [more...]

Jul 31, 2019 6:25 AM ET

The Need for Tech Innovation

iCrowdNewswire - Jul 31, 2019 - The signs are everywhere. Investment in real estate technology increased 607 percent in Q1 2019 compared to the previous year. Real estate technology-focused events like ICSC, Realcomm and CREtech continue to break attendance records. In survey after survey, a majority of real estate executives have expressed a desire to embrace innovation. Everything points to the commercial real estate industry shedding its tech-averse image. And yet, real estate companies continue to. [more...]

Jul 31, 2019 6:20 AM ET

Fire, flood and profit: Real estate investors are chasing crises

iCrowdNewswire - Jul 31, 2019 - Natural disasters last year were the 4th-highest since 1980, causing an estimated $1 billion in damages   In the wake of natural disasters, some real estate investors are finding opportunity for profit. So-called “disaster investors” are buying up properties damaged by floods, wildfires, hurricanes and other catastrophic events — and flipping them for a gain. The practice is becoming increasingly common as the number of natural disasters climbs in the. [more...]

U.S. Pending Home Sales Increase by Most in Three Months
Jul 31, 2019 6:15 AM ET

U.S. Pending Home Sales Increase by Most in Three Months

iCrowdNewswire - Jul 31, 2019 - The index for pending home sales rose by 2.8 percent month-over-month in June. (Bloomberg)—Contract signings to purchase previously owned U.S. homes rose in June by the most in three months, indicating demand may pick up with the help of lower mortgage rates and steady job growth. The index of pending home sales increased 2.8% from the previous month, exceeding the most optimistic forecast in a Bloomberg survey of economists, data. [more...]

Jul 31, 2019 6:14 AM ET

These Companies Are Using AI To Change The Real Estate Game

iCrowdNewswire - Jul 31, 2019 - It seems like every industry is betting on artificial intelligence to help revolutionize how things are done. It is no different in real estate, where new technology companies are looking to help buyers and renters in their searches. Here are a few companies doing just that. Nobbas Headquartered in Montreal, this company is looking to help target what renters and buyers are looking for in a property and allow roommates. [more...]

Jul 31, 2019 6:13 AM ET

Realtor.com Reports How Much More Home Buying Power There Is Today Thanks To Lower Mortgage Rates

iCrowdNewswire - Jul 31, 2019 - Realtor.com reports how much more home buying power there is today thanks to lower mortgage rates. The national online real estate platform recently reported on how much further a $1,500 mortgage payment goes today compared to one year ago. Thanks to 30-year mortgage rates hovering below 4% buyers can afford more home even in areas with rising listing prices. “According to realtor.com, buyers who spend $1,500 on monthly mortgage payments can afford. [more...]

10 Must Reads for the CRE Industry Today (July 30, 2019)
Jul 31, 2019 6:10 AM ET

10 Must Reads for the CRE Industry Today (July 30, 2019)

iCrowdNewswire - Jul 31, 2019 - A new breed of real estate investors is going after properties damaged by natural disasters, reports the Wall Street Journal. The New York Times looks at how “developer” became a dirty word. These are among today’s must reads from around the commercial real estate industry. The New Storm Chasers: Real Estate Disaster Investors “After Hurricane Michael swept over the Florida Panhandle last October, destroying thousands of homes and taking dozens of. [more...]

Jul 31, 2019 6:04 AM ET

Pending home sales rise in June, helped by Western gains

iCrowdNewswire - Jul 31, 2019 - Pending home sales rose in June, with activity particularly brisk in the western part of the U.S., a trade group said Tuesday. The National Association of Realtors said pending home sales climbed 2.8%, with gains in each of the four major regions, including a 5.4% jump in the West. Compared to 12 months ago, sales rose 1.6%, the first year-over-year gain in 17 months. The NAR attributed the gain to. [more...]

Jul 31, 2019 6:02 AM ET

Do You Really Need an Investor-Focused Agent to Find Great Deals?

iCrowdNewswire - Jul 31, 2019 - A common discussion point on BiggerPockets is the importance of finding an investor-focused real estate agent. The necessity of having such an agent is so commonly accepted that I have even seen new investors use, “I haven’t found an investor-focused agent yet,” as an excuse for not taking action. I think that is a ridiculous excuse for not investing. Yes, there is some merit to finding an agent who also invests. [more...]

Jul 31, 2019 6:00 AM ET

Property Management Options Got You Down? Here’s an Alternative for Long-Distance Investors

iCrowdNewswire - Jul 31, 2019 - Long-distance investing is a blessing. Let me say that again: Being far enough away from your properties that you cannot visit them every other hour is a blessing. For most of my real estate career, I house hacked or lived about 20 minutes away. I was cutting the grass, cleaning the units, and waking up at 4 a.m. on snowstorm days to shovel my driveways. (Yes, shovel.) Why would I pay someone. [more...]

Jul 30, 2019 6:35 AM ET

First American: Consumer house-buying power could rise to new heights in 2019

iCrowdNewswire - Jul 30, 2019 - In May, home prices fell 0.7%, declining 3.7% year over year, according to First American’s Real House Price Index. According to First American’s data, unadjusted house prices sit 3.2% above the housing boom peak. Whereas consumer buying power rose 1.3% between April and May, rising 9.3% year over year. When consumer house-buying power is factored in, home prices are actually 41.1% below their 2006 peak and 17% below prices from January 2000. “Later this week,. [more...]

Jul 30, 2019 6:30 AM ET

Stock Shortage To Drive Sydney’s Rebound

iCrowdNewswire - Jul 30, 2019 - The stock shortage in Sydney could drive the property market to recovery, with pricier regions already benefitting from the emerging rebound, according to the latest data. The scarcity of sellers during winter made buying problematic. Auction listings dropped by 25% because homeowners refused to sell in the wake of the 15% decline in values over the past two years, realestate.com.au said. The shortage resulted in early-bird sellers attracting a large. [more...]

Jul 30, 2019 6:25 AM ET

Up! Up! Up! UK house prices rise £11 a day … but London prices drop

iCrowdNewswire - Jul 30, 2019 - British homes have increased in value by an average of £11 per day since the beginning of the year, but with huge regional variations. The data, from Zoopla, says that for the UK as a whole £2,046 has been added to the value of the average home in the first six months of 2019. On a regional level, the West Midlands leads the way with homes increasing by £36.58 per. [more...]

Jul 30, 2019 6:10 AM ET

House buyers numbers fell slightly in June, latest agent research shows

iCrowdNewswire - Jul 30, 2019 - The number of house hunters registered per estate agent branch fell slightly in June but remains high for the year as the housing market continues to show resilience, according to the latest industry report. They fell from 307 to 305 but year on year demand has only fall by 1%. In June 2018 there was an average of 308 house hunters per branch, the housing report from the National Association. [more...]

Record £100,000 fine for illegal short term subletting in London
Jul 30, 2019 6:00 AM ET

Record £100,000 fine for illegal short term subletting in London

iCrowdNewswire - Jul 30, 2019 - A council tenant in London has been ordered to pay over £100,000 after being taken to court for illegally subletting his social housing flat in Victoria as a holiday home through Airbnb. Legal action was taken by Westminster City Council against Toby Harman, 37, after it was found that the property on Vauxhall Bridge Road had been advertised on Airbnb with over 300 reviews dating back to 2013. Westminster City. [more...]

Jul 30, 2019 6:00 AM ET

Latest analysis tracks slowing of the housing market in England and Wales

iCrowdNewswire - Jul 30, 2019 - The housing market is slowing in England and Wales with average prices of existing homes rising just 0.3% year on year, the weakest performance since 2011, according to the latest analysis. Month on month prices were up by 0.9% and sales fell by 2.5% year on year, the fastest fall since 2008, the report from London Central Portfolio (LCP) shows, taking the average price to £255,050. But new builds are. [more...]

Jul 29, 2019 6:40 AM ET

3 Things to Consider When Buying Properties Internationally

iCrowdNewswire - Jul 29, 2019 - Let’s talk about buying properties internationally. Guys, I’d like to consider myself a pretty well-traveled person. I remember that my mother and I would constantly travel back and forth between Australia and Europe, and I was fortunate enough to play professional soccer when I was 18 and lived in Hong Kong. Right now, my mother is living in Croatia, my dad’s in Australia, and I live in the U.S. I. [more...]

Jul 29, 2019 6:35 AM ET

5 Key Factors Driving Brokerage Profitability

iCrowdNewswire - Jul 29, 2019 - Brokerages’ gross margins and company revenues are continuing to face downward pressure, according to a new report from REAL Trends looking at brokerage profitability. However, some brokerages are standing out from the pack and maintaining and driving profits. REAL Trends surveyed hundreds of brokerages to identify the top five key drivers influencing profitability. The five profit drivers they identified are: 1. Team productivity Sixty-six percent of brokerages surveyed considered teams. [more...]

Jul 29, 2019 6:30 AM ET

LA’s Ford Factory Loan Lands in CMBS Market

iCrowdNewswire - Jul 29, 2019 - The $135 million Bank of America loan for Access Industries’ $193.5 million acquisition of the Ford Factory in Los Angeles’ Arts District just landed in the CMBS market, a Fitch Ratings presale report shows. The 10-year, interest-only financing took the form of a pari-passu loan; a $40 million, non-controlling A-2 note was securitized in the BANK 2019-BNK19 transaction, and a controlling $95 million A-1 note that was contributed to the  BANK 2019-BNK18 deal. The sponsor contributed $65.9 million of equity to. [more...]

Jul 29, 2019 6:25 AM ET

Building And Designing Homes For People With Disabilities

iCrowdNewswire - Jul 29, 2019 - When the Americans with Disabilities Act (ADA) became a law 1990, it ensured legal rights across a variety of areas from employment to education, transportation and public accommodations in commercial buildings. While it addressed many major issues, one area where people with disabilities and their families continue to struggle is being able to live comfortably in their own homes.  While there are standards to make private homes accessible, that doesn't necessarily ensure. [more...]

Jul 29, 2019 6:20 AM ET

Mortgage rates boost multifamily investments in Q1

iCrowdNewswire - Jul 29, 2019 - Falling mortgage rates have provided a welcome boost to the multifamily market, according to the latest report from Freddie Mac, which showed that multifamily investment rose in the first quarter of 2019. Thanks to a decline in mortgage rates and an ongoing increase in net operating income, Freddie Mac's Multifamily Apartment Investment Market Index, or AIMI, rose 2.4% in Q1. Freddie Mac's AIMI puts together rental income, property prices and mortgage rates to show investors how multifamily housing. [more...]

Jul 29, 2019 6:15 AM ET

This is how a lack of housing affordability is impacting America’s middle class

iCrowdNewswire - Jul 29, 2019 - In June, America’s home prices rose by 3.4% from the previous month. Although this rate remains significantly lower than its 2018 level, Redfin indicates that home price appreciation has now grown by a whopping 9% in the nation’s most affordable markets. “Home prices were up 3.4% in June, a modest growth rate compared to the 7 to 9 percent price jumps regularly seen in early 2018, and mortgage interest rates are lower than they’ve. [more...]

Jul 29, 2019 6:05 AM ET

Mynd Property Management acquires HomeUnion, expands offerings for real estate investors

iCrowdNewswire - Jul 29, 2019 - Mynd Property Management raised $20 million just over a year ago, saying at the time that it planned to use the money to expand its business. And now, Mynd is doing just that. The company, which provides full-service property management of small multifamily buildings and single-family homes, announced recently that it has acquired HomeUnion, an online real-estate investment management firm. Mynd was founded in 2016 by Doug Brien and Colin Wiel, who previously. [more...]

Jul 29, 2019 6:00 AM ET

Ceiling Heights Are Sealing Real Estate Deals For The Well-Heeled

iCrowdNewswire - Jul 29, 2019 - Quick, name a residential attribute representing the height of elegance. These days, it just might be lofty ceilings. Ceiling height denotes sophistication, exclusivity and design flair, and that’s not the limit of its elevated benefits, as we will see in a moment. But first it's worth noting more and more buyers are seeking high ceilings in the homes they consider. A recent survey by the National Association of Home Builders. [more...]

Jul 26, 2019 6:25 AM ET

Opinion: An Unexpected Market on the Brink of Explosive Growth (Get in While You Can!)

iCrowdNewswire - Jul 26, 2019 - I am continuously trying to improve on living in the present. It is a trait I know is vital to happiness and success as a husband, dad, and with all other relationships in my life. The reason I am trying to improve my ability to be present is because my whole life I have had the natural tendency to be a forward thinker. This forward thinking can be focused on. [more...]

Jul 26, 2019 6:20 AM ET

This City Has the No. 1 Most Stable Housing Market in the Country

iCrowdNewswire - Jul 26, 2019 - Buying a home in Boulder, Colo., is still the safest bet. For the fifth year in a row, Boulder ranked as the best housing market nationwide based on home price growth and stability, according to a new report from SmartAsset. The odds of a major drop in home prices in Boulder were 0% — and properties in the city have increased 268% in price since 1994. Boulder was one of three. [more...]

Jul 26, 2019 6:15 AM ET

Homeownership Rate in the U.S. Falls to the Lowest Since 2017

iCrowdNewswire - Jul 26, 2019 - (Bloomberg)—The U.S. homeownership rate fell to the lowest level in more than a year as rising prices and a tight supply of starter homes put buying out of reach for many renters. The share of Americans who own their homes was 64.1% in the second quarter, the lowest since the third quarter of 2017, according to a Census Bureau report Thursday. It was the second straight decrease, down from 64.2%. [more...]