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Commercial Real Estate News

  Like many business sectors, the U.S. real estate industry on Wednesday began to grapple with the unexpected economic and regulatory impact of an upcoming Trump presidency after the famous reality TV star and Manhattan real estate mogul defied pundits and pollsters to defeat Hillary Clinton and become president-elect of the United States.  Although global stock markets girded for a Brexit-style tumult following Tuesday's election, calm prevailed as the shock of the election results wore off and was quickly replaced by the realization that the same party now controls the White House, the Senate and the House of Representatives for the first time since 2005, when George W. Bush was in the White House.    With the Republican control of Congress and the executive branch, brokers, economists and industry leaders weighed in on the potential effects on U.S. property and capital markets, citing potentially reduced political gridlock, significant tax reform, increased protective measures for U.S. trade policy and rollbacks in the nation's financial and business regulatory framework.  Read More ...
Last modified on Wednesday, 21 December 2016 00:22
If you've been apartment shopping in the US lately, you might have noticed that rents are becoming more and more unaffordable seemingly by the month. We've documented the inexorable rise in the cost of renting on too many occasions to count, but for those who need a refresher, we recommend rereading one of our more lengthy treatments in "The Mystery Of The 'Missing Inflation' Solved, And Why The US Housing Crisis Is About To Get Much Worse", published late last month.    In it, we explained why riotous laughter invariably ensues every time the Fed tells Americans that inflation is negligible. In short, the collapse of the housing bubble transformed America into a nation of renters as the following chart of the home ownership rate makes abundantly clear.  Read More ...
Last modified on Monday, 11 January 2016 22:58
A sizable rent increase is probably coming your way. So is a sizable earthquake.   The L.A. City Council last week approved a deal that will force landlords to upgrade earthquake prone buildings and force tenants to pay for it with rent increases as high as $75 a month.    Council leaders promised that they'd get back to the table and work out an after-the-fact compromise, likely one in which landlords and tenants wuld aplit the upgrade costs. In that scenario, renters in upgraded buildings would see rent increases of $38 or less for about seven years.    Read More ...
Last modified on Monday, 26 October 2015 23:31
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