The commercial mortgage market will shrink for another year, bottoming out at about $2.9 trillion in late 2011, and then begin to rise in 2012 with volume reaching about $3.3 trillion by 2015, according to new research issued recently.
If you’re looking to buy a home in the wake of the recent housing crisis you have to be prepared. Lenders are making it more difficult than ever to obtain a mortgage, so it’s important to line up your financing in advance. Besides, knowing in advance how large a loan you qualify for will prevent [...]
Home sales in the Naples, Fla area increased 14% during the past 12 months ending in November. Sales are up 979 from 6,884 compared to the 12 months prior. The median closed price increased 3% for properties more than $300,000.The summer sales are attributed to the oil spill in the Gulf, the end of the [...]
If there wasn’t already enough competition chasing core NYC office product, Google is now apparently in the running as well to acquire the 2.9M square feet office building at 111 Eighth Avenue. The price is said to be close to a whopping $2 billion.Several sources said Google was only one of many interested bidders, including [...]
Many experts will tell you, whether you’re buying residential or commercial real estate, getting a survey done of the property is critical. Don’t be confused by a mortgage survey, this is not for your benefit. A stake survey or boundary survey will document the corners of your property and detail the exact location of all [...]
In this market, the first thing you need to do is remain committed. If you want to be successful, you need to convey the same sense of urgency that buyers exhibited during the real-estate run-up. Stop fitting in the house hunting only when you’ve got free time; make it a top priority.
Analysts predict slow growth in occupancy for country’s many vacant spaces. An oversupply of office and retail space has put renters in control. And, as with the residential market, brokers do not expect a turnaround until job numbers increase and employers start looking for new work space. The good news is more willingness on the [...]
Unrealistically high residential property prices may delay a recovery in the real estate sector and ensure that the market remains stagnant, according to a prognosis published by the National Association of Estate Agents. A large number of buyers are turned away from purchasing their first home by asking prices that far exceed realistic levels in [...]