Archive for Real Estate

It’s been tough being a homebuyer on the West Coast. Prices have been surging for years as house hunters fight for the few available listings. Now the tide could be shifting.

As sellers come off the sidelines to lock in gains, they’re starting to boost inventory. New data by brokerage Redfin Corp. shows that supply in several U.S. markets is rising in the places that need it the most, like Seattle; Portland, Oregon; and San Jose, California…

Relief in Sight for Homebuyers in High-Priced West Coast Cities

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Not everyone can buy, but if you have the money, there’s an overabundance of rentals.

Dubai, a relative newborn on the world stage, was a city built around cars. And even though its economy is more diversified than those of its Gulf neighbors, this desert metropolis still feels ripple effects of the oil industry’s booms and busts.

From 2011 to 2014, when oil prices were more than $100 a barrel, Dubai’s property market soared. Apartments in the world’s tallest building, the Burj Khalifa, were more than $1,000 per square foot, according to consultants Cluttons LLC. Now, as oil hovers at $70, values in the Burj Khalifa have dropped to about $650 per square foot. But the Russian currency crisis and Brexit, coupled with increased taxes and fees for everyday purchases, have made Dubai a less affordable place to live…

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  • Prices fall as more sellers come to market, Rightmove reports
  •  London slump may be an opportunity for first-time buyers

U.K. house prices fell for the first time in seven months as sellers adapted to the reality of the weaker market.

Asking prices slipped 0.1 percent in July from a month earlier, property website Rightmove said on Monday. In London, prices slipped 0.5 percent, with smaller apartments falling faster than bigger homes…

U.K. House Prices Fall as London Decline Intensifies

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Vancouver’s housing market showed continued signs of weakness in June, as affordability worries curb demand from buyers.

Sales were down 14 percent compared with May, the first monthly decline since January when tougher federal mortgage rules took effect, according to a report Wednesday by the Real Estate Board of Greater Vancouver. The number of transactions was 29 percent below the 10-year average for the month of June, the group said. Adjusting for seasonality, sales fell by about 5 percent to the lowest since 2013, according to Bloomberg calculations…

Pricey Vancouver Housing Market Weakens With Buyers on Sidelines

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  • Developers can easily absorb tax under new rules, analysts say
  •  Home prices in Hong Kong have more than doubled in past decade

Hong Kong’s plan to tax unsold new apartments may have little effect on the city’s red-hot housing market.

The levy was announced Friday by Chief Executive Carrie Lam as part of a broader effort aimed at boosting supply in the world’s least affordable property market. Yet analysts from Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. say the latest impost won’t dent soaring prices…

 

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The City of Light is an especially bright spot for retail real estate, with more luxury store openings than any other city in the world last year

One of the few bright spots in retail real estate these days is on the so-called “high streets” of major cities, where luxury brands are still willing to pay stratospheric rents to promote their designer clothes, accessories, shoes and other goods.

Nowhere is the luxury high street stronger today than in Paris…

For Luxury Retail Real Estate, Paris Retains Its Je Ne Sais Quoi

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  • Sales and prices slide while listings pile up on the market
  •  Buyers don’t want to get burned by overpaying, broker says

In his hunt for an apartment on Manhattan’s Upper West Side, Hal Walker found the perfect one-bedroom in an Art Deco building across from Central Park. It had languished on the market for almost six months.

Walker bid $30,000 below the $865,000 asking price, then refused the seller’s counteroffer. Yet he’s moving in next week…

Manhattan Homebuyers Demand Bargains, Walk Away—Anything But Overpay

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If it sells for near the $43.5 million asking price, the waterfront property would far surpass the current record, set by pop star Taylor Swift’s $17.75-million purchase in 2013

In Newport, R.I., an estate on over 45 oceanfront acres is returning to market for $43.5 million, making the property the state’s priciest listing.

The estate was listed in 2013 for $45 million, then taken off the market about two years later. If it sells for anywhere near its asking price, it would far surpass the current record, which was set by pop star Taylor Swift’s $17.75-million purchase in 2013, according to Jim Michalove of Seaboard Properties, one of the agents involved in that transaction…

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Using a secret database of tens of thousands of photos, Christos Tsirogiannis is fighting to prevent auction houses from selling looted art.

For days, Christos Tsirogiannis had been hitting refresh on his laptop, waiting for a chance to snatch ancient artifacts from one of the world’s biggest auctioneers. At the dining room table of his tidy house on a quiet street in Cambridge, England, the 45-year-old archaeologist was stalking Christie’s website, where the catalog for an upcoming antiquities auction in New York would soon be posted. It was important to his vigilante mission that he see the lots quickly. Tsirogiannis had work to do to repeat previous exploits in which he’d cost Christie’s and rivals Sotheby’s and Bonhams millions of dollars in sales—and the sale was in less than a month…

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Company says concerns about rising interest rates and construction costs have been offset by low unemployment and increasing wages

Lennar Corp. said strong demand for new homes and higher selling prices drove earnings growth in the most recent quarter, as the nation’s largest home builder reported it has so far shaken off concerns about rising interest rates and construction costs.

Lennar executives worked to assure analysts on its earnings call Tuesday that it wasn’t seeing declining demand in the market, noting that customers are still able to afford homes and that the U.S. economy and job growth have been good…

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  • Paper says home prices make Fed policy look easier than it is
  •  Advocacy group will present findings to Bostic on Thursday

Federal Reserve Bank of Atlanta President Raphael Bostic will hear the case for excluding housing from measures of consumer prices that the U.S. central bank targets when he meets this week with Fed Up, an advocacy group focused on monetary policy.

The group will present a paper on U.S. housing inflation by Dean Baker, co-founder of the Center for Economic and Policy Research, a Washington think tank. Baker argues in the paper that the widening gap between inflation in the housing sector and the rest of the economy gives central bankers a misleading impression of how tight monetary policy really is…

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If you’re a homebuyer in Manhattan, your life just got easier. For sellers, it’s another story.

The number of homes listed for sale in the borough jumped 17 percent last month from a year earlier — the biggest annual increase in data going back to 2010, according to StreetEasy, which reported 9,720 properties on the market at the end of May. The sharpest rise was on the Upper East Side, with a 20 percent surge in listings…

Manhattan Home Inventory Surges, But Buyers Aren’t Interested

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Jun
21

Brexit Pain Hits London Housing

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Prices drop for a 10th month as decision to leave EU erodes demand

House prices in the U.K. capital declined for a 10th month in June, according to property website Rightmove Plc. While values continue to rise in most of the country, demand for homes in London has been particularly hit by the decision to leave the European Union. Conditions are “clearly challenging” for sellers in the south of Britain, Rightmove Director Miles Shipside said…

Brexit Pain Hits London Housing

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New structures can deflect wind, resist fire and float on demand. Yet despite increased risks from climate change, those innovations have been slow to spread.

In a private waterfront resort on the northern tip of Key Largo, nestled between tropical forest and the Caribbean, Eric Soulavy is marketing luxury for the age of climate change: Coastal homes that are all but hurricane proof.

The Florida-based developer is finishing a three-story condominium project with overlapping defenses, a hydrological Fort Knox where prices start at $5 million for a four-bedroom apartment…

Hurricane-Proof Homes Are Real. Why Isn’t Anyone Buying Them?

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The study was based on resident surveys and data on repairs, energy usage and tenant turnover

Private developers dramatically improved conditions and tenant satisfaction at six buildings formerly run by New York City’s public housing authority, according to a new study of a controversial strategy to turn the city’s public housing over to private management.

A study by the Citizens Housing and Planning Council set to be released Monday measured the success of private developers who took over six buildings formerly managed by the New York City Housing Authority in early 2016. The council based its conclusions on resident…

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A Connecticut estate on roughly 187 acres—and home to a menagerie of animals including peacocks, pheasants and parrots—is going on the market for $13.75 million.

Known as Cobble Hill Farm, the property is about 100 miles outside New York City in West Cornwall, a small village that attracts affluent weekenders, according to Carolyn Klemm of Klemm Real Estate, who has the listing with colleague Roger Saucy. The property is one of the most expensive on the market in Litchfield County, she said…

A Connecticut Estate With Animal Menagerie Seeks $13.75 Million

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Since the SEC lifted a ban on “general solicitation,” new platforms have started to offer investment firms a novel approach to property acquisition.

Real estate fund managers Michael Episcope and David Scherer had Georgia on their minds—specifically, Atlanta. The city, part of the third-largest-gaining metro area in the U.S. last year, according to Census Bureau data, was only getting hotter. So when the co-founders of real estate investment company Origin Investments spotted an opportunity last year to purchase a 125-unit apartment complex, they jumped on it. The property’s location, in Virginia-Highland, an affluent Atlanta neighborhood that’s home to organic shops, cocktail bars, and an indie film theater, was great. Yet Episcope and Scherer had a problem. They reckoned it would take about $19 million in equity to buy the building and an adjacent undeveloped lot, but they wanted to invest only $12 million. Their solution was somewhat novel: Instead of bringing in a partner, Origin brought in dozens of them…

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The Public Sector Pension Investment Board has entered an agreement to purchase the Downsview industrial property owned by Bombardier Inc. in Toronto.

“This investment is a perfect fit for PSP as it supports our long-term real estate investment strategy,” said Neil Cunningham, president and chief executive officer of PSP Investments.

“We have a stellar track-record in working with large, complex projects across our entire investment portfolio, and we are proud of our continued commitment to investing in Canada.”

Bombardier has owned and operated the site since the early 1990s, using it to manufacture and test its Global series and Q400 aircraft…

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Berkshire Hathaway, often largely invisible, has an increasingly visible brand name as its real-estate business expands

Warren Buffett’s Berkshire Hathaway Inc. is a big name on Wall Street. Increasingly, it’s a fixture on Main Street too.

The Omaha conglomerate was the nation’s second-largest residential real-estate brokerage last year, making Berkshire Hathaway a presence on neighborhood yard signs from Los Angeles to New York. It has franchised the Berkshire Hathaway HomeServices name to 1,330 offices and more than 45,000 agents…

Warren Buffett’s Berkshire Is Now America’s Second Largest Real-Estate Broker

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The great recession of 2008-9 followed an extraordinary house price bubble. The sluggish was characterized by a very slow recovery of residential investment. Oddly, the extensive revision of macroeconomic models which implied a very low probability of great recessions has not involved a focus on housing. Instead it has focused on financial frictions – essentially it is assumed that the 2008-9 recession was extraordinary because a major financial crisis occurred. Dean Baker dissents (as he often does) arguing that the severity of the recession could have been predicted given the massive decline in housing prices and earlier estimates of the effect of home equity on consumption. This note attempts to being to assess that claim. It also asks if it is possible to forecast GDP growth over the medium term. Finally it is part of the Rip Van Keynes series, because I will use an empirical strategy which has been out of fashion for at least four decades – basically an ad hoc OLS regression (sometimes I even include an exponential trend)…

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There is a homelessness crisis in Los Angeles County.  The homeless population has surged by 75% in the last six years all the while home prices are back to peak levels.  Yet the home ownership rate still hovers near generational lows. California has seen massive growth in rental household formation.  Surveys continue to find that Millennials prefer different living styles than their baby boomer parents.  Forget about surveys, just look at the actual market.  Record low inventory is being driven by baby boomers staying put and the lack of home building thanks to hardcore NIMBYism.  So it is no surprise that we now have a homeless crisis in L.A. County.  Recently, in Orange County a large group of homeless encamped in various areas where set to be moved into affluent areas of the county and people went ballistic.  So where do we go from here?…

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The city’s job gains are somewhat middling, but a below-trend unemployment rate means that housing continues to be in high demand.

St. Louis’ job gains are somewhat middling, but a below-trend unemployment rate means that housing continues to be in high demand. The metro added 1,800 units in 2017, marking a new cycle peak. As a result of strong supply growth, occupancy for stabilized properties dropped to 94.5 percent as of December. Although rents are still rising, the average rate was still below the $900 mark and about $500 behind the U.S. average.

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Living the American dream comes with a lot of upsides. It also has one big downside.
Homeownership has all sorts of positive effects. According to a 2016 summing-up of research on the “Social Benefits of Homeownership and Stable Housing” by National Association of Realtors economists Lawrence Yun and Nadia Evangelou, it brings:
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  • Chinese buyers accounting for increased share of market
  • Leitao says no need for measures to curb foreign demand

Foreign buyers of real estate in Quebec are putting “marginal” pressure on prices while still accounting for a tiny sliver of the market relative to Vancouver and Toronto, according to new data released by the French-speaking province…

Foreign Buyers Starting to Drive Up Housing Prices in Quebec

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Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator…

Uninsured Mortgages Keep Surging Even as Canadian Housing Cools

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After getting kicked out of the chief executive officer job at Uber Technologies Inc. in June, Travis Kalanick is getting back in the saddle…

Ex-Uber Chief Travis Kalanick Buys Real Estate Company, Takes CEO Reins

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U.S. new-home construction cooled by more than expected in February on a reversal in the volatile multifamily category, while building remained on pace to contribute to economic growth this quarter, government figures showed Friday…

U.S. Housing Starts Cooled in February After Robust January

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  • City center is hotspot as commuting times mar suburban life
  • London bankers can’t expect to upsize as prices keep rising

Luxembourg’s red-light district could soon be a home for bankers escaping Brexit.

 As the Grand Duchy prepares to welcome financiers relocating from the U.K., a lack of housing has pushed the price of relatively modest family homes beyond the 1 million-euro mark ($1.2 million).
That’s led to edgier areas being developed to keep up with demand, according to real estate brokers in the tiny country, attracting City of London firms looking for a foothold on the continent…
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 How a dealmaker with an eye for property became the heir apparent at the buyout giant.

How do you get to the top of the private equity business? Turns out, it’s by getting really, really good at flipping real estate.

This month, Jon Gray, 48, became president and chief operating officer of Blackstone Group LP. The job sets him up to one day succeed Chief Executive Officer and co-founder Stephen Schwarzman, who’s steered the private equity firm over 30 years from a $400,000 initial investment to $434 billion in assets. The traditional core of the private equity game is corporate buyouts, supercharged with debt. Blackstone set itself apart by diversifying into hedge funds and real estate, and providing credit to companies. Gray, as head of the real estate division, expanded the portfolio into a $115 billion property giant that’s Blackstone’s top profit driver…
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  • Worldwide same-store sales rise 1 percent, trailing estimates
  • Focus is on generating sustainable sales growth, CEO says

Tiffany & Co. is still trying to regain its luster.

The key metric of same-store sales at the 181-year-old jeweler missed analysts’ estimates in most of its regions last quarter, driving the stock down the most in almost 10 months Friday. Tiffany has been trying to reverse a lengthy sales slump.

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  • Asia is key for Australia’s largest building materials firm
  • CEO Mike Kane also bullish on U.S. housing market recovery

Property demand from a booming middle class in Asia may turn out to be a key driver of growth for Australia’s largest building materials firm, which is also well placed to get a kicker from a ramp up in infrastructure spend in the U.S…

Trump Spending Plan No Match for Asia Housing Demand, Says Boral

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The Swiss National Bank reiterated its concerns about an overheating property market and warned that home prices could be at risk of a correction…

SNB Reiterates Warnings About Overheated Swiss Housing Market

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Confidence among U.S. homebuilders slipped to a four-month low in March while remaining above historical averages, indicating developers expect demand to withstand rising mortgage rates, according to data from the National Association of Home Builders/Wells Fargo…

U.S. Homebuilder Outlook Eases While Hovering Near 18-Year High

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  • Mount Nicholson villa Fetches $19,400 per square foot
  • Price per square foot about 20% higher than similar property

An unidentified buyer paid a record HK$151,785 ($19,400) per square foot for a new luxury house in Hong Kong’s exclusive Peak neighborhood, making it Asia’s most expensive by area, according to Knight Frank LLP…

New Home on Hong Kong’s Peak Sets Asian Record Price by Area

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Home prices in the U.S. surged 8.8 percent in February — the biggest gain in four years — as buyers battled for an increasingly scarce resource: homes…

U.S. Home Prices Rise Almost 9%, the Biggest Gain in Four Years

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  • Sales gain 16% in January-February, down from 21% in December
  • Developer land purchases fall for first time in eight months

China home sales growth slowed in the first two months of this year, amid an almost two-year government campaign to cool the property market…

China Home Sales Growth Slows This Year Amid Deleveraging Drive

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  • Housing indicators now show market is recovering after decline
  • Swedish coalition aims to make housing an election issue

Sweden’s government wants to add supply to a housing market that’s just gone through its biggest price slump in a decade.

The Social Democrat-led ruling coalition is intending to make property construction a key plank of its campaign ahead of the September election, according to Peter Eriksson, the country’s housing minister…
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With the rent being too damn high, many Americans are now opting to live with a roommate (or two or three in the case of San Francisco and Los Angeles).  We now have a record number of adult Americans living with roommates.  This coincides with a stagnant growth in the homeownership rate especially in crap shack intensive areas like SoCal.  The market continues to be constrained by low supply and Taco Tuesday baby boomers living in properties that they would not be able to purchase today at current price levels.  Many older home owners bought during an era where one income (even one blue collar income) was enough to purchase a home.  That is no longer the case in many metro areas where dual income professionals and all cash buyers are the dominant buying force.  So how many adult Americans are now living with roommates?…
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Hamptons home sales jumped in the fourth quarter, surprising even most the optimistic brokers, as buyers moved to close deals in a stock market-fueled rush…

Hamptons Home Deals Jump, Chopping Supply of Properties for Sale

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Sales of previously-owned U.S. homes fell in December for the first time in four months, as the market struggles with record-low supply and rising prices, figures from the National Association of Realtors showed Wednesday…

U.S. Existing-Home Sales Fall as Supply Drops to Record Low

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The 519-room JW Marriott Hotels & Resorts is part of Strategic Property Partners’ upcoming $3 billion development in the Water Street neighborhood.
A new 519-room Marriott International JW Marriott Hotels & Resorts hotel will be coming to Tampa, Fla., in 2020, thanks to Strategic Property Partners LLC’s upcoming $3 billion development in the Water Street Tampa neighborhood.

More than 4 million square feet of office, residential, hospitality, retail and cultural space across 10 blocks is slated for completion by 2020. Subsequent phases are scheduled to be finished by 2027. In addition to the new hotel, when it is built out, Water Street Tampa will consist of 2.6 million square feet of office space; 1 million square feet of retail, cultural, educational and entertainment space; and 3,500 new rental and for-sale residences…

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  • Xi vows to grow rental market amid outcry on home prices
  • Local governments, developers, banks flock to the business

Chinese President Xi Jinping has unleashed the world’s biggest experiment aimed at taming runaway property prices…

China Starts Experiment to Tame Its Wild Property Market

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China’s housing market has a history that’s short by global standards, since private homeownership only began in 1998. But what a two decades it’s been. Home prices have skyrocketed, creating a mentality that real estate is a one-way bet. The government’s sporadic bouts of tightening limits on property sales, then easing them, has often exacerbated the frenzy by prompting speculators to second-guess policy changes. Now, officials are escalating efforts to steady the market, with President Xi Jinping pinning his name on reining in speculation…

What’s Next in China’s Bid to Cool Housing Market: QuickTake Q&A

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  • Home sales decline to 99,100 in December, least since 2016
  • Stamp duty cuts only applied to marginal proportion of buyers

U.K. Chancellor of the Exchequer Philip Hammond’s efforts to help young people onto the housing ladder by cutting taxes are showing no signs of working yet…

U.K. Home Sales Fall to 13-Month Low

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Commutes are long and rents exorbitant in a state that’s too short of housing. A new proposal could help break the logjam.

California is trying to come to grips with its housing crisis. It’s unclear if Californians will allow it to succeed.

In addition to a slew of bills intended to make housing more affordable signed by Governor Jerry Brown last fall, various campaigns are under way to put affordability initiatives on the November ballot. Meanwhile, the legislature greeted the new year with the introduction of still more proposals
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  • Top 3 land developers set to report earnings in February
  • More than 10 analysts surveyed expect a price recovery in 2018

The worst may be over for Singapore’s property slump…

Singapore Home Prices Seen Rebounding After Four-Year Slump Ends

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  • CEO says customers want more services ‘under one brand’
  • Closely held firm climbs ranks of U.S. mortgage lenders

LoanDepot Inc., a mortgage lender basing its growth around digital applications, isn’t giving up on humans’ role in the home-buying process just yet…

LoanDepot Turns to Humans for Fintech’s Latest Real Estate Push

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The new hotel will comprise a total of 87,000 square feet across eight stories, of which up to 20,000 square feet of public amenities will be available to serve the neighborhood.

The Boston Planning & Development Agency (BPDA) board of directors has approved a new eight-story, 159-key hotel in South Boston. Evergreen Property Group LLC is the owner and developer, while Utile Inc. is the architecture studio behind the design.

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  • City takes top spot in annual Demographia affordability survey
  • Study looks at 293 metropolitan markets in nine countries

Hong Kong was named the least affordable housing market for the eighth year in a study that put Sydney in the No. 2 slot and Vancouver as No. 3…

Hong Kong Takes Title for Least Affordable Housing for 8th Year

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  • Top 3 land developers set to report earnings in February
  • More than 10 analysts surveyed expect a price recovery in 2018

The worst may be over for Singapore’s property slump…

‘Long Winter’ Seen Ending for Singapore Home Prices: Survey

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  • Signs of rent weakness emerge as construction approaches peak
  • Almost all of the new units are aimed at the high end

Landlords counting on downtown Los Angeles as a cash machine may be in for the same bout of pain as their counterparts in Manhattan, where a flood of supply has started to drive down rents.

More than 4,000 new apartments are forecast to hit the Los Angeles market this quarter, according to CoStar Group Inc., as the first wave of as many as 30,000 in the next three years. Much of the construction is concentrated downtown, where it’s easier to build than in other parts of L.A., and almost all the new apartments will be at the higher end of the market…
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After months of negotiations with the community and city legislators, the Obama Foundation has submitted a revised development plan with the City of Chicago for city zoning entitlements, marking the most important step toward breaking ground on the project.

The Obama Foundation has submitted the Planned Development and Lakefront Protection Ordinance Application with the City of Chicago. The application is for city zoning entitlements and contains the revised construction plan for the upcoming presidential center, which is scheduled to break ground by the end of 2018 if the approval process goes smoothly.

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The Mele Group, the company’s self-storage team, marketed the 635-unit facility located in Corpus Christi. The team represented both the seller and the buyer in the transaction.

The Mele Group of Marcus & Millichap has arranged the sale of Bay Area Mini Storage, a 95,479-rentable-square-foot facility in Corpus Christi, Texas. The firm marketed the property on behalf of the seller, a limited liability company, as well as the buyer, a private investor.

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  • Restaurants and stores underpin $370 million of debt
  • NY prosecutors last year requested documents for the space

In a six-floor retail space near Times Square, the Guy Fieri restaurant has closed and construction hasn’t begun on celebrity chef Todd English’s food hall. A tourist attraction featuring a 1/87th scale model of New York City was behind on rent for two months as of December, according to loan documents…

Kushner’s Deutsche Bank-Backed Property Stung by Tenant Troubles

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The recently opened WoodSpring Suites Seattle Redmond expands the brand’s presence in the Seattle area, providing 120 suites with in-room kitchens.

WoodSpring Hotels has launched WoodSpring Suites Seattle Redmond, a 120-key hotel designed for extended stay. The asset was developed by West 77 Partners LLC and will be operated by WoodSpring Hotels Property Management.

“By fully utilizing our expertise in the extended-stay segment and the profitability that is a result of our unique operating model, the WoodSpring Suites brand continues to attract first-rate developers like West 77 Partners,” said Ron Burgett, executive vice president of franchise development and operations for WoodSpring Hotels LLC, in prepared remarks…

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Groundbreaking on new U.S. homes eased from the fastest pace in 13 months while permits held steady to finish the strongest year for housing construction in a decade, government figures showed Thursday…

U.S. Housing Starts Fall More Than Expected, Permits Steady

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  • Warnings from HKMA, IMF have been falling on deaf ears
  • Inflows of liquidity are capping local interest rates

Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears?…

Hong Kong’s Red-Hot Home Market Set to Defy Rate Hikes

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  • Government funding ends at midnight Friday without new deal
  • Senate Democrats say they have enough votes to block bill

The House passed a spending bill Thursday to avoid a U.S. government shutdown, but Senate Democrats say they have the votes to block the measure in a bid to force Republicans and President Donald Trump to include protection for young immigrants…

U.S. House Passes Spending Bill to Avoid Government Shutdown, Senate in Doubt

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  • Brooklyn leads burroughs with an increase of 12 percent
  • Manhattan real estate has slowest price growth, up 7 percent

New York City is still reaping the benefits of the real estate boom.

The city set a value of $1.26 trillion for its more than one million properties for the fiscal year beginning in July, an increase of 9.4 percent over the previous period that promises to boost the government’s tax collections…
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CPE has a new poll! We want to know your thoughts on how the tax bill provisions will impact the real estate industry.

CPE has a new poll! We want to know your thoughts on how the tax bill provisions reducing the corporate and pass-through rates will impact the real estate industry.

Last month, we wanted to know how your predictions of Trump’s influence on real estate changed since he took office one year prior. Of the total respondents, an equal 26 percent said the president had either a neutral or negative impact on the industry. Read on to see the results

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