What’s interesting that sales in the Cobble Hill, Dumbo, and Brooklyn Heights neighborhoods doubled year-over-over in the first quarter from 2016 to 2017 while homes sales in Bedford-Stuyvesant, Crown Heights, Lefferts Gardens, and Bushwick increased by just 7 percent.
The books closed, reluctantly, on the first quarter of 2017. The numbers are in and Long Island home sales continue full steam ahead. Real estate investors itching for their next big project should look no further than the villages and towns of Long Island.
The housing market remains strong but what about the national trend of the commercial real estate market? According to most economists, with a rising labor force, a bounding stock market, and a healthy housing industry, the commercial real estate market remains strong.
The Fed has raised interest rates three times since December 2016. The most recent rate hike took the fed funds rate to 1.25 percent on June 14, 2017. Financial experts expect there to be further rate increases in the next couple of years.
The housing barometer continues trending upward. Experts contribute 2017 national home sales to factors like the presidential election, a healthy economy, positive employment reports, and a fear of interest rate increases. Whatever the cause, as a whole, the numbers are positive and paint a promising, long-term projection.
Millennials, defined as those born from 1982 to 2000, now hold an estimated population of 84 million in the U.S. Millennials are now the largest age group, outnumbering the baby boomer generation by a population of 10 million.
Flipping houses is big business. With a bit of knack, a lot of hard work, and the right location, even amateurs can turn a profit. The best fix and flip locations must satisfy several important benchmarks. The information below discusses these criteria and highlights several of the best fix and flip locations of 2017.
Like it or not, the presidential election sparked a flurry of home-sale activity across New York State. Maybe it’s because he’s of a different political party, or better yet, maybe President Trump’s real estate prowess is behind the uptick. Whatever the cause, the surge continues for New York’s housing landscape.
Vacation rentals can be a steady source of income, with renters tending to find a place they enjoy and returning year after year with little encouragement. However, “steady” does not mean “automatic”.
When a real estate investor applies for a loan, the underwriter has to make a determination on whether that real estate loan borrower, and the property he intends to finance with a loan, is a good risk. The loan itself is an investment in the borrower as much as it is an investment in the property.