MarketWatch | January 30, 2020
Rents may be too damn high for apartment dwellers, but they look pretty weak for the rest of the U.S. commercial property market as prices skyrocket.That might not be a problem now, particularly as the Federal Reserve reaffirms its plan to keep rates low, its balance sheet available and credit spigots open.Yet analysts at BCA Research see potential trouble when the next downturn comes for office buildings, shopping centers and industrial properties that were purchased in the past decade at soaring prices.This chart shows sagging rents at most U.S. commercial property types since the 2007-’09 recession, even as property prices have eclipsed their prior peak. “With the exception of multifamily residential real estate, American real rents have fallen, revealing that low rates have propelled commercial properties’ price appreciation over the past decade,” wrote BCA Research strategists Ryan Swift and Doug Peta, in a client note Wednesday.
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Cision PR Newswire | January 24, 2020
CREXi, the commercial real estate (CRE) industry's fastest-growing marketplace, data, and technology platform, today announced a $30 million Series B funding round led by Mitsubishi Estate Company ("MEC"), Industry Ventures, and Prudence Holdings. Existing investors Lerer Hippeau Ventures, and Jackson Square Ventures also joined this round. The CRE industry is evolving, and market players, especially younger, digitally native generations are seeking out platforms that provide free and open access to information," said Gavin Myers, General Partner at Prudence Holdings. "CREXi directly addresses this market need, providing fair access to a range of CRE information. As CREXi continues to build out its stable of services, features, and functionality, we're thrilled to partner with them and support the company's continued momentum. CREXi's mission is to fully support all aspects of the CRE industry for the benefit of CRE professionals, investors, principals, and tenants. The Series B funding will be used to support this mission, enabling CREXi to grow its core business of broker services across the sales, leasing, and auction functions, and fueling the refinement and expansion of buyer and tenant resources such as comparables and market intelligence.
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RealEstate.com | August 27, 2018
Housing has become so expensive that it can take nearly a decade for people to save up for a 20% down payment, according to a recent survey by SmartAsset. A recent survey by RealEstate.com highlights the cities where it will take first-time homebuyers the longest to save for a 20% down payment on an entry-level home. Using data from the U.S. Census Bureau and the Bureau of Labor and Statistics, it looked at the 35 biggest metro areas and ranked them according to down payment affordability. The survey took into account the median household income for buyers age 24 to 36 and annual savings rates for renters in each city, and here are the cities it found to be the least affordable.
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