Real estate investors should pay close attention to Cleveland. So argues Ingo Winzer, president of Local Market Monitor, a firm that produces forecasts of home prices, rents and investment risks in markets nationwide, in this piece for Forbes.com that identifies the best markets for real estate investments in 2019. Here's how he begins: This coming year, most real estate investors will want to stay away from the cities with soaring prices, where they're more likely to end up holding the bag than to strike it rich. You can never know when a real estate bubble will burst – I happen to think it won't happen in 2019 – but in places like San Francisco, Seattle, Miami and Denver, caution is now the order of the day. If you own property in these spots and plan to sell, don't wait until the market has peaked. And if you're looking for a good place to put your money, you should consider instead the 20 markets we're listing here. At No. 5 on that list of 20 is Cleveland. The other … [Read more...] about For real estate investors, the slow-but-steady markets (like Cleveland) can win the race
Rich real estate investors
At the end of the year, we like to look back on celebrity transactions we'd consider killer deals, and those we'd classify as depressing duds. Lisa Johnson Mandell, provided by Published 5:00 am CST, Tuesday, December 11, 2018 Photo: Realtor.com; IStock Photo: Realtor.com; IStock Image 1 of / 1 Caption Close Image 1 of 1 Photo: Realtor.com; IStock Celebrity Real Estate 2018: Who Were the Biggest Losers and Winners? 1 / 1 Back to Gallery Thanks to the riches of the sports, entertainment, and business worlds, celebrities spend gobs of money on real estate. With those big outlays also come big risks. If they make a housing misstep, they could lose large amounts of hard-earned … [Read more...] about Celebrity Real Estate 2018: Who Were the Biggest Losers and Winners?
Masayoshi Son, Adi Tatarko, Warren Buffett, Kamala Harris and Ben Caballero. Kaitlyn Flannagan for Observer If a person’s home is their castle, then the 59 people we chose to profile for our 2018 Residential Real Estate Power List are the castle-builders, the castle-keepers, the castle-owners—in short, the most influential and powerful people currently shaping the U.S. residential real estate industry.Of course we looked to hard numbers to identify the biggest, the most prolific, and the richest. But while diving into this sprawling industry worth some $31.8 trillion, some themes emerged. A crucial issue of the day is the affordable housing crisis, and some of our power players are working tirelessly to address it. Sustainability has also become an, um…evergreen issue, and plenty of our subjects spend their days in that arena.We included some who consider themselves disrupters, and those who are funding them, as well as researchers and academics, media who stoke … [Read more...] about 2018’s Most Powerful People in Residential Real Estate
New Jersey Economic Development Authority CEO Tim Sullivan, New Jersey Redevelopment Authority Executive Director Leslie Anderson, Maser Consulting Chairman and CEO Richard Maser and Cushman & Wakefield Managing Principal Andrew Judd are some of the names included in The Center for Real Estate at Rutgers Business School’s announcement of its 2018 executive committee, advisory board and emerging leaders council. Anne Babineau, shareholder at law firm Wilentz, Goldman & Spitzer PA, is the only new member of the executive committee for 2018. The advisory board added 12 new members, while the emerging leaders council brought on 10. Founded in 2014, the center provides real estate education and scholarships to Rutgers students on the New Brunswick and Newark campuses. Members of the advisory board and emerging leaders council advise on curriculum, mentor students and participate in research and conferences. The complete 2018 executive committee, advisory board and emerging … [Read more...] about Rutgers announces 2018 Center for Real Estate board members
New condominium buildings and office towers have reshaped Boston’s Seaport District. A new report is calling for a real estate transfer tax on sales of luxury units and a surtax on units vacant for more than six months of a year. Banner Photo They tower over Boston’s downtown neighborhoods: glass and steel luxury high rises that for some signal economic growth. But many condo owners in the high-rise buildings are harboring a secret: their identities. A report released last week, “Towering Excess: The Perils of the Luxury Real Estate Boom for Bostonians,” finds that in 12 of the city’s largest luxury buildings, 35 percent of the units are owned by limited liability companies or trusts that hide the identities of the individuals or entities that own them. Additionally, 64 percent of the 1,804 units in these 12 buildings do not claim a residential property exemption — indicating that the homes, with average sales prices of $3.05 million, are not … [Read more...] about Investors driving up real estate costs