2012 Coldwell Banker Bracket of Affordability

|

article image
March Madness is back and so is the 2012 version of the Coldwell Banker Bracket of Affordability. For the last few year we’ve filled out our bracket based on which schools have the most affordable housing

Spotlight

Rockrose Development Corp.

Rockrose Development Corp. is a premier NYC owner-builder-manager with a name for architectural excellence, sensitivity to neighborhoods, vision for "creating community"​, and reputation for carefully managing our projects.

OTHER ARTICLES
REAL ESTATE TECHNOLOGY

Is Commute Time Becoming a Housing Factor?

Article | June 2, 2021

While many workers plan, at least according to recent surveys, to continue spending at least part of each week working from home, a shorter commute still seems to be holding increasing appeal. The National Association of Home Builders (NAHB ) says its first quarter Home Building Geography Index (HBGI) indicates not only a pandemic driven shift in construction to low density, low cost markets, but a rapid expansion in areas with the shortest commutes. Litic Murali, writing in NAHB's Eye on Housing blog, says workplaces are moving toward hybrid home/office work models which could affect 30 to 40 percent of the American workforce. This will give renters and buyers increased market power over their travel times and the ability to reduce both housing and transportation costs. The nationwide average commute is 26 minutes. Those counties in the bottom quintile (lowest 20 percent) have a commute time of 18 minutes or less while the commute in the highest quintile is 28 minutes. The data show that 36.2 percent of the U.S. population resides in the counties in that top slice. The HBGI indicates that the top two quintiles with the longest commutes together had 63.6 percent of single family building. However, growth was strongest in that bottom quintile with a four-quarter moving average annual growth of 22.2 percent.

Read More

Coronavirus Disrupts Major Projects

Article | June 2, 2021

As most of us have adjusted to the new reality brought on by the coronavirus (COVID-19), developers and lenders are forced to look at the resulting economic shut down on ongoing real estate projects. When this virus first started making the news late last year, few people anticipated that it would turn into a global pandemic that would virtually shut down world economic markets. In the real estate world, when this did happen, it was easy to predict that the deals that had not yet been signed, would come to a stop and/or be terminated, and that deals that had been signed would be paused and extended. But what about deals in progress and under construction? Supply chains have not only been disrupted, but in many cases, have been stopped altogether. This could cause many borrowers to miss important benchmarks under construction loan agreements. It could also cause developers to miss delivery dates under leases and contracts. Will lenders declare loan defaults for missed benchmarks? Will tenants and buyers?

Read More

The 3 Tasks Every Real Estate Agent Should Be Outsourcing

Article | June 2, 2021

A clean, well-managed CRM can be your most valuable real estate tool. Too often, however, the database is so neglected and disorganized that it’s not living up to its full potential. Management of the system is an ongoing task, requiring a significant amount of an agent’s time. In fact, the folks at Hubspot found that nearly 30 percent of salespeople spent in excess of an hour a day on data entry. That’s an hour much better spent taking a former client to lunch or prospecting for new clients. When it comes to outsourcing real estate tasks, how does one go about finding help with data entry? Hiring a virtual assistant with CRM experience is probably the easiest way to get started. Here are just a few tasks to hand off:

Read More

THE BEST WAYS TO INVEST IN REAL ESTATE

Article | June 2, 2021

In short, in the case of real estate investment, the goal is to put money into work today and let it increase so you have more money in the future. The profits or “returns” you make on your real estate investments should be sufficient to cover the risk you take, the taxes you pay, and the cost of owning real estate investments such as utilities, regular maintenance, and insurance. Real estate investing can really be as conceptually simple as playing monopoly when you understand the basic factors of investment, finances, and risk. To win, you buy property, avoid bankruptcy, and generate rent so you can buy even more property. However, remember that “simple” does not mean “easy”. If you make a mistake, the consequences can range from minor inconveniences to major disasters. You may even find yourself abrupt or worse.

Read More

Spotlight

Rockrose Development Corp.

Rockrose Development Corp. is a premier NYC owner-builder-manager with a name for architectural excellence, sensitivity to neighborhoods, vision for "creating community"​, and reputation for carefully managing our projects.

Events