briefcase

Here are some real estate trends you don't want to miss... ✅ Trend #1: Creative Financing Creative financing refers to alternative and unconventional methods of securing funds for various purposes, often outside traditional lending channels. This approach involves leveraging innovative financial strategies, such as seller financing, joint ventures, or creative loan structures, to facilitate transactions. Increasing searches for creative financing may stem from a desire for flexible funding options, especially among entrepreneurs, real estate investors, or individuals seeking non-traditional avenues for securing capital. ✅ Trend #2: Underused Housing Tax The Underused Housing Tax is an annual federal 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022. The tax generally applies to foreign national owners of housing in Canada. ✅ Trend #3: Rental Arbitrage Rental arbitrage involves renting a property and then subleasing it for a higher price, allowing individuals to profit from the price difference. Increasing searches for rental arbitrage may be driven by a growing interest in real estate investment strategies, particularly those exploring alternative ways to generate income from rental properties (such as placing it on AirBnB). #realestate #realestatetrends

"Breaking New Ground: How Amazon's $16 Million Investment is Revolutionizing Affordable Housing and Workforce Stability" 🏗️ In an unprecedented move, Amazon is shaking the foundations of the affordable housing crisis, injecting an eye-popping $16 million loan into a groundbreaking South Seattle residential project. Learn all about it below 👇 #AffordableHousingRevolution #HousingCrisisSolutions #RealEstate

Here are some real estate trends you don't want to miss... ✅ Trend #1: Homeowner’s Insurance Home insurance rates climbed 21% from 2022-2023. With higher inflation and increasing damage from natural disasters, this trend is not expected to end anytime soon. Some homeowners struggle to find insurance in higher-risk areas as insurers cease sales. ✅ Trend #2: Renter’s Insurance Policy A renter's insurance policy is a type of insurance that provides coverage for the personal belongings of tenants renting a property. It typically includes protection against risks such as theft, fire, and certain types of damage. Additionally, renter's insurance may offer liability coverage for accidents that occur within the rented space. It is unclear whether this trend is driven from the bottom-up (renters desiring more protection) or top-down (landlords increasingly requiring insurance). ✅ Trend #3: Cost Segregation Cost segregation is a tax planning tool that allows real estate investors to accelerate the depreciation of their investment properties. By doing this, they reduce their annual federal and state income tax payments, potentially freeing up their money for other investments or purchases. After the IRS’ phaseout of 100% bonus depreciation at the end of 2022, cost segregation may never be more valuable to taxpayers than it is now. #realestate

Here is what you may have MISSED in real estate this week... 💰Alternative Ascends: As traditional property types like offices lose value, alternative real estate assets such as self-storage, student housing, and medical office buildings are gaining popularity among investors — Bisnow 🏬 Retail Resurgence: National shopping center vacancies hit the lowest level since 2007, indicating strong economic growth and high demand — Globe St 🏠 Renting Reigns: Despite rising costs, renting remains more affordable than homeownership for average workers in nearly 90% of US markets — ATTOM 🏦 Only in Jersey: NJ’s Willingboro Township Deputy Mayor, Nathaniel Anderson, and business associate Chrisone Anderson, face charges for a fraudulent short sale scheme — @TRD 🏙️ Billionaires Play SimCity: A consortium of tech billionaires, including Marc Andreessen, have disclosed a $400 million down-payment assistance fund as part of their ambitious plan to construct a new city in Solano County, California — TRD 🏠 Monopoly IS Real! Single-family home construction sees a significant rise, signaling renewed optimism in the housing market — Mortgage Professional America 📊 Greenspan's Ghost Spooks: CBRE reports slight increases in multifamily cap rates in Q4, with across-the-board decreases expected once the Fed begins cutting rates, likely by midyear — Globe St 🏠 Housing Hurdles: Single-family home production surpasses million mark for the second month despite overall housing starts falling 4.3% in December — U.S. Department of Housing and Urban Development 🏗️ Maybe Cuz Building Costs Up: Construction costs rose by 1.53% from Q3 and 5.28% year-over-year, with cities like Boston, Chicago, Honolulu, Portland, and Seattle experiencing increases above the average — Rider Levett Bucknall 📈 Maybe Cuz Wages Keep Rising: Residential building workers saw an average hourly earnings increase of 4% to $30.71 in November 2023, outpacing the manufacturing, transportation, and warehousing industries — National Association of Home Builders 🎢 Rate Rollercoaster: Freddie Mac's 30-year loan rate dips to 6.6%, but potential Federal Reserve policy changes and economic volatility could lead to more fluctuations — Realtor.com

Picture this: a modern-day Robin Hood, but instead of Sherwood Forest, our story unfolds in the opulent neighborhoods of Los Angeles. 🏘️ It’s a narrative that has everything – luxury mansions, political drama, and a bold plan to tackle a growing housing crisis. Welcome to the saga of Measure ULA, the controversial tax measure that has turned the City of Angels into a battleground of economic ideologies. Read all about it below 👇 #HousingCrisis #TaxTheRich

🌟 Property trusts are gaining attention as a smart way to transfer property from the grantor to beneficiaries. But why are they so beneficial? Here are some of the key benefits of property trusts: ✅ Avoiding Probate: Simplifies the transfer process, saving time and legal fees. ✅ Minimizing Estate Taxes: Potentially reduces the financial burden on beneficiaries. ✅ Structured Inheritance: Ensures a well-planned and orderly transfer of assets. The benefits seem to be catching on, as there's a noticeable surge in searches and discussions around property trusts. Have you considered using a property trust in your estate plan? #EstatePlanning #PropertyTrusts #RealEstate #Finance #WealthManagement

Here is what you may have MISSED in real estate this week... ♨️ Zillow's Sizzling Markets: Buffalo jumped to Zillow’s top 2024 housing markets due to recent increases in the job market — Zillow 📈 How High Can You Go? U.S. home prices increased by 5.2% year over year in November, the strongest annual growth rate recorded since January 2023 —Business Wire 🤗 Inflation Bear Hug: CPI inflation increased in December by 0.3%, with the majority of the rise attributed to shelter costs — CNBC 📉 Worse Tank Than 2008: NAR is expected to see an even bigger decline in membership than in 2008 — Inman 🥶 Say It Ain’t So! JLL says more bidders are re-entering the office market —Bloomberg 🙂 There's More: Commercial and multifamily mortgage originators continue to experience an unsettled market but anticipate those conditions will stabilize —over the course of 2024 — MBA 💃 Suburb Shuffle: Other than the worst dance move, the suburb shuffle is seeing millennials give the cold shoulder to the cities in favor of more affordable settings — Business Insider 🤔 Today, in WTF: CRE professionals saw insurance costs shoot up 73% between 2017 and 2022 — Globe St 📊 Multifamily’s Midsection: The Midwest multifamily market is rebounding strongly, with rising rents and increased occupancy, in contrast to weakening rental conditions in other popular cities — Bisnow #realestate

🚨 Office Space Crisis Alert: 4 Decade High in Vacancy Rates! As we step into 2024, the world of commercial real estate continues to struggle. The vacancy rate for office spaces in major U.S. cities has hit a record high, a scenario not witnessed since 1979. 📈 📊 Key Stats: - Nearly 20% of office spaces are unleased as of Q4 2023. - This marks an increase from 18.8% in the previous year. - Texas cities like Houston, Dallas, and Austin are facing the brunt of this trend. 📉 What's Behind This Trend? According to Moody's Analytics: - The COVID-19 pandemic has accelerated the shift towards home and hybrid working models. - Historical overbuilding in the 1970s and 80s plays a significant role. 🔍 Impact: - This isn't just about empty offices; it's a trend that's affecting the share prices of commercial real estate investment trusts, especially in Texas. What do you think can be done to revive the commercial real estate sector? #RealEstate #CommercialRealEstate #OfficeSpace #EconomicTrends #BusinessStrategy #HybridWork

🔎 In a bold move, the National Association of Realtors (NAR), joined by Keller Williams and HomeServices of America, has filed for a significant legal reset. They are enthusiasticly requesting a new trial in the high-profile Sitzer/Burnett commission lawsuit. But why the pushback? 🤔 Well NAR argues that the plaintiff's case stands on unstable legal grounds. Their contention? The Participation Rule, at the heart of the lawsuit, is not the market manipulator it's accused of being. 💼 Additionally, they express strong dissatisfaction with how the jury was instructed and the criteria used to determine antitrust liability. In their view, the jury's verdict is a glaring contradiction to the logic and evidence presented. 🏛️ As the legal drama unfolds, NAR is unwavering in its commitment to challenge the decision. They're gearing up for a long fight, extending well into May 2024! #RealEstateNews #NARLegalBattle #MarketDynamics

Are we witnessing the beginning of a major transformation in the industry? 🤔 2023 has been a year like no other for the National Association of Realtors (NAR). From a staggering $1.8 billion lawsuit to unsettling leadership changes and a significant membership drop - the real estate landscape is shifting dramatically. ⚖️💰 Below, we unravel the complexities of NAR's most challenging year, explore the implications for realtors, and forecast the future of real estate. 👇