Has the market peaked? Builders cut new home prices to meet demand for cheaper housing

Redfin | August 15, 2019

Has the market peaked? Builders cut new home prices to meet demand for cheaper housing
In the second quarter of 2019, the sale prices for new homes fell 0.5% from 2018 levels. This means prices for new homes reached a median of $372,900 in Q2, remaining largely unchanged from the first half of this year, according to data from Redfin. Although, sale prices for new homes remained stagnant, Redfin indicates that the median sale price for existing homes climbed 3.2% in Q2 to $309,700. This marks the seventh consecutive year of annual price increases.

Spotlight

The UK construction industry remains encouragingly resilient, with the value of new construction work rising every year since 2012.

Spotlight

The UK construction industry remains encouragingly resilient, with the value of new construction work rising every year since 2012.

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Innovative Industrial Properties Expands Real Estate Partnership at New York Property with PharmaCann

businesswire | December 14, 2020

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REAL ESTATE TECHNOLOGY

RealtyJuggler Real Estate Software Gets a 20% Performance Boost

prnewswire | October 27, 2020

Today, RealOrganized, Inc. is pleased to announce a significant upgrades to their flagship product, RealtyJuggler Real Estate Software for Real Estate Agents. RealtyJuggler is a cloud-based real estate software product for real estate agents and REALTORS. The software can be used for prospecting, client follow-up, managing transactions, and much more. RealtyJuggler is sold on a membership basis at an affordable price. It is multi-user and contains numerous features designed specifically for real estate, including transaction management, listing feedback, DRIP Letters, real estate flyers, and mailing labels. RealtyJuggler is distinguished from its competition through a unique focus on ease-of-use, and friendly technical support. About RealOrganized, Inc. - RealOrganized was founded in 2003 by a former executive from AOL and a top real estate agent, each with over a dozen years experience in their respective fields. The company's mission is to create the simplest and most affordable organizational software for the real estate industry.

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Investors in commercial real estate must foster discussions, especially during a pandemic.

prnewswire | November 19, 2020

Business property estimations have changed over the most recent a half year because of the pandemic and land is at present in an unchartered area. That is as indicated by the leader of business land financier NAI Pleasant Valley, Alec Pacella, who spoke Wednesday at the 2020 REALTORS Conference and Expo. Pacella, who facilitated a meeting named, "Selling CRE Properties: How COVID-19 Impacts the Numbers," summed up the ongoing history of the business land industry, including its estimating file, esteem pinnacles and purchaser desires. "In the early part of last decade – 2006, 2007, 2008 – expectations were actually greater than the pricing index. There was more demand than there was supply." Yet, in 2009 and 2010, as Pacella notes, desires were lower than the estimating list. Therefore, interests in business land were almost nonexistent. "No deals were happening then," he said. "You couldn't give real estate away in a lot of markets because the expectations were so low." The situation Pacella portrays isn't not normal for the present status of business land, the same number of proprietors of once-beneficial organizations have watched famous chains battle or be compelled to forever close their entryways. Pacella says the way to exploring this market is for land owners and speculators to look after exchange. Also, as a result of the market's repeating nature, Pacella says financial specialists will need to be in position to underwrite when conditions ultimately improve. "In an uncertain market, it's critical to keep conversations going." Having a strategy to engage in open conversation, he says, could eventually lead to a deal in the future. In the business land area, exchanges can happen when markets are rising or falling, as indicated by Pacella. "We could sit there and sit on our hands and say 'we're out of business; come talk to me in 2021, 2022 when things get back.' No, that's not what we do, that's not how most of us are wired." The National Association of Realtors® is America's biggest exchange affiliation, speaking to more than 1.4 million individuals engaged with all parts of the private and business land enterprises.

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