Category Archives: Multi Family
Tax Credits for Real Estate Investors Who Focus on Community Development
While real estate investors often get the short end of the stick when it comes to getting blamed for today’s economic conditions, even the federal government acknowledges that the market simply won’t recover without those investors. As a result, there are myriad tax credits out there to “lure” real estate investors into community development projects, … Continue reading
Oregon Legislature Passes Bill to Protect Tenants in Rental Foreclosures
The Oregon legislature has passed a law to protect not only tenants when their rental properties are foreclosed, but also to protect purchaser of foreclosed properties from liability – unless they opt to become landlords[1]. Senate Bill 491, which is due to be signed by the state governor in the coming weeks, “requires better notice … Continue reading
Shadow Market Still Lurking - In the Shadows
Thanks to the massive foreclosure slow-downs brought on by last fall’s robo-signing fiasco, the shadow inventory is still, well, lingering in the shadows and bringing down the housing market, reported Lawrence Yun, the National Association of Realtors (NAR)’s chief economist today[1]. Yun cited this pervasive shadow inventory as a major reason that the housing market … Continue reading
Government Plans to Support Rental Markets as Fannie, Freddie Wind Down
For investors interested in multifamily housing, the proposed unwinding of Fannie Mae and Freddie Mac, the government-controlled GSEs that many hold largely responsible for the housing crisis of the past few years, could be great news. In the white paper released two weeks ago to much fevered debate, one overlooked aspect of the end of … Continue reading
Multi-Family Housing Permits on the Rise, Slowly
In California, like most other places in the country right now, builders and developers are hurting for work. That makes 2010’s 46 percent increase over 2009 in new permits for single- and multifamily homes in Ventura County something to get cautiously excited about[1]. And when you factor in the fact that multifamily home construction increased … Continue reading
Detroit Commercial Real Estate Finally Making the Shift to “Appealing”
While residential and commercial real estate in Detroit continues to represent something of a challenge even to the most intrepid investor, a panel of experts from the University of Michigan’s Ross School of Business believe that opportunities are emerging – particularly in the commercial market[1]. The panel agreed that values and prices remain at “crisis … Continue reading
New York Office Space Rents are Building Momentum
After a tough year in 2010, a private commercial real estate firm in New York reported today that office rents in Manhattan are on the rise for the first time since the commercial decline began[1]. While New York real estate has been typically resilient – particularly in the rental sector – when it has come … Continue reading
UW-Madison Reports US Is Top Choice For Foreign Real Estate Investors
Despite the real estate market crash, the United States real estate market seem to have done something right – foreign investors are looking at putting their money in the country’s real estate market this year. Though most of them choose to invest in just choice cities, the news is still welcome to investors and analysts … Continue reading
New England Yields Mixed Real Estate Outlook For 2011
A number of factors have led the real estate market to end 2010 with numbers that are way below its starting point, including the cancellation of federal taxes, seasonal buying as people try to beat the federal tax cancellations, and low buyer confidence as some lose jobs [1]. Not only are home sales down, even … Continue reading
The REJournalOnline’s Week in Review
January 2-7, 2011 Major Commercial Developer Sees Commercial Real Estate Indicators as “100 Percent Positive” Jan. 03, 2011 – CB Richard Ellis chief executive Brett White considers 2011 commercial real estate indicators to be “100 percent positive,” he told the Washington Post[1]. “There is no question that we are in the early days of a … Continue reading