The U.S. property market landscape in 2016 has looked much like it did in 2015, with somewhat less impressive numbers, as a number of interwoven themes come into play and, yet, bode well for savvy investors who can step out in front of trends.
New tech habits spur demand for creating privacy in open-plan homes.
Thanks to strong market fundamentals, positive second-quarter earnings reports, and post-Brexit assurances of ongoing low interest rates, real estate investment trusts (REITs) pushed forward in July with a 3.87 percent total return, with the lodging segment posted the strongest total returns for July at 10.23 percent. Plus, interest rate survey data from Trepp.
When the Uber went online last year in Fukuoka, the biggest city in Japan’s south, it was shut down within a matter of weeks by the government on the grounds that the vehicles used did not belong to Uber, which violated the nation’s Road Transportation Act. The company’s second attempt to break into the nation of 127 million has involved a different strategy: cooperating with taxi companies.
Using maps released by the National Oceanic and Atmospheric Administration (NOAA), real estate listing provider Zillow is predicting that almost 300 U.S. cities would lose more than half of their housing stocks by the year 2100 due to rising sea levels associated with climate change. The estimated value of these homes is $882 billion.
Authors Carlo Ratti and Matthew Claudel, both of the Massachusetts Institute of Technology Senseable City Laboratory, use “futurecraft”—not predicting the future, but influencing it positively—to present ideas about what the city will look like years from now.
The laws of supply and demand—and the need for neighborhood evolution—still apply when communities try to boost their supply of affordable housing.
The following ten projects model strategies for making micro housing more livable, using modular construction to save costs, incorporating significant amounts of foliage and green space, and providing expansive communal areas.
Project REAP has been providing educational and networking opportunities to enable aspiring deal-makers to “be all that they can be” in commercial real estate (CRE). REAP conducts the equivalent of a ten-week boot camp in commercial real estate CRE fundamentals for minority professionals seeking to enter and advance in the industry. The program recently completed classes in Atlanta and New York City—with rave reviews from the program participants as well as the instructors who taught the classes.
Affordable housing means many different things across the Asia Pacific region, but in every nation, the driving issue in its provision is the cost of land. That should come as no surprise; the Asian population of 4.3 billion represents 57 percent of the world total, according to United Nations data, but Asia has only 30 percent of the world’s land mass.