Real estate investment giant Prudential Real Estate Investors is predicting that the struggling commercial real estate market in the country will recover much more quickly than during a similar downturn in the 1990s. Prudential said they are “relatively optimistic” about a faster turnaround for hotels, apartment buildings, retail space and office buildings.
“Last time it took [...]
Even though home sales are on the rise after an economic downfall, the market is slower than it has been in past years. The values of homes overall remain less than what they were before the economy took a dive. However, note that just because home sales are slow in the Louisville real estate market, [...]
In general, all over the United States, the winter months (especially January) slow everything down. Retail profits decline all across the board. This also includes home sales in Louisville. Less favorable weather can be partially to blame, but also because these past few months came right after a major set of holidays (Thanksgiving, Christmas, New [...]
Real estate industry analysts are forecasting that 2010 will be another tough year for commercial real estate with prices expected to hit bottom, creating market difficulties not seen for generations. However, they also said that like any other depressed market, there would be unique opportunities for savvy investors with deep pockets. They say that the [...]
The HousingWire.com report provides very welcome news to real estate professionals in most markets across the country. The National Association of Realtors reported that pending home sales on signed contracts were up for the eighth consecutive month in September. The NAR reported that pending sales rose 6.1 percent from August to September and were 21.2 [...]
DSNews.com reports that billionaire investor, Wilbur Ross, says that the U.S. is at the very beginning of a “huge crash in commercial real estate” and that he would exercise “extreme caution” before investing in this sector of real estate.
“All of the components of real estate value are going in the wrong direction simultaneously,” Ross said [...]
The Federal Reserve Bank of St. Louis’s Burgundy Book—a financial report issued quarterly about economic activity in Louisville, Little Rock, St. Louis and Memphis—said that the health of Louisville’s economy was mixed this past summer. Published in September, the report said that car dealerships and general retailers declared some successes that were tempered by low [...]
A report released recently said that more Americans signed contracts to buy a home in July than in June, marking the longest streak of increases on record. The National Association of REALTORS® pending home sales index rose 3.2% in July after rising by 3.6% in June, which is 12% higher than July 2008, and [...]
Commercial real estate owners and developers will get some much-needed flexibility to rework their mortgages or receive loan extensions under a new federal tax rule that could provide some relief to a deeply troubled sector of the real estate market. The new Internal Revenue Service rule will affect loans that are backed by office parks, [...]
The U.S. Commerce Department said recently that home building permits, an indicator of future construction trends, fell last September by the largest amount in five months. The decline came at an unfortunate moment while Congress is considering whether to extend the tax credit for first-time homebuyers. The Commerce Department said that new home construction rose [...]
