Reporter: Staff writer

'Home Price Increases Leave Millennials Seeking Help

Across the nation, home prices had increased on a year to year basis by 6.7 percent. This figure included distressed sales compared with figures from March 2015. On a month to month basis, home prices rose by 2.1 percent between February and March 2016.

'US Rental Market Sputtering

The research was conducted by Axiometrics and it found that the average rent for off campus school housing, which many new graduates would opt in their first months of finding a job, cost about $533 near the University of Florida campus. In nearby Florida State University, the cost of rent was at $536. In comparison, the average room rental for March in Miami was at $1,000. In Orlando, one room sets back an individual at $651 and in the Tampa- St. Petersburg area, the cost is at $657.

'China's Impact on Global Real Estate

While much of the business is in mergers and acquisitions, especially in the agribusiness sector, Chinese purchases of real estate properties and/or interests have made a splash in the global real estate market. Amongst the purchases were the $13 billion spent for Starwood Hotels &Resorts Worldwide Inc. The total volume for the quarter had already surpassed $16 billion.
EDITOR'S PICKS
  • 'Prices of Luxury Homes on the Decline
    The study differentiated homes in the top 10 percent of ZIP codes in each metropolitan city is deemed as the 'luxury market'. Comparatively, the bottom 10 percent of ZIP Codes in the same metropolitan city is deemed as the 'entry-level-market."
    By Staff writer
  • 'Would Investing in Portland Real Estate Be a Good Idea?
    There are many factors to consider when deciding on investing in real estate. There is the matter of mortgage rate, interest rates, local economies as well as real estate prices. Now, being in a borderless economy, even international trade and political views affect market fluctuations.
    By Staff writer
  • 'Bank's Losses Increase in Commercial Real Estate
    The fourth quarter CRE loss rates, which is the annualized charges as a percentage of average loan balances, is now being reviewed by regulators recently. This is part of the oversight on financial institutions' activities that are related to commercial real estate loans. The oversight was instituted to prevent the market crash recently experienced by the real estate market.
    By Staff writer
  • 'Loophole Provides Savings for Wealthy Property Buyers
    The current tax imposable on transfers on real property is pegged at one percent for the first $200,000. The rate increases to two percent when the property is worth $2 million and anything over that is taxed at three percent. Many first time buyers are exempt from this tax. With this tax alone, a projected $1.5 billion in revenues are expected to be collected between 2015 and 2016 alone.
    By Staff writer
  • 'Hot Summer Good for Real Estate Purchases
    There are many reasons why spring is busy for real estate. One of the reasons is that homes look better during spring. This causes listings to expand and increase available inventory. Alongside this is the increase of potential buyers interested in purchasing a home at this period. With these two factors, home prices naturally would increase as demand increases.
    By Staff writer
  • 'Largest Ghost City in China at 90 Percent
    With previous articles showing that Ordos Kangbashi as the "largest ghost city in China", recent reports have started to dispute the assertion. Recent government announcements said that the city is at 90 percent occupancy.
    By Staff writer
  • 'Rents in London Set to Surpass £2,000
    As of the moment, the average rental cost is at £1,867 per month. This was 2 percent higher from prices at the start of 2015 as observed by real estate agent Portico's London Rental Market Report. In the said report, based on its historical data, two bedroom homes would reach £2,008 per calendar month by the time September comes around.
    By Staff writer
  • 'Home Sales Volume Above Expectations
    The reported volume for March was higher than February's annualized rate of 5.07 million. Previously, projected sales forecast was pegged at 3.5 percent or a volume of 5.30 million units for March. As reported, sales increased by 1.5 percent from last year's volume.
    By Staff writer
  • 'Digitization Revolutionizing Real Estate Market
    With the digital age overtaking many established markets, only time will tell until it reaches and dominates the real estate market. The main problem is, according to a report from CNBC, government agencies and established companies are too slow to adjust to the changing times.
    By Staff writer
  • 'Earth Day Influences Future Home Designs
    The major obstacle to going green is the cost. The Forbes report, quoting CrediFi, estimated that an additional 10 percent to 30 percent cost would be shouldered by the developer.
    By Staff writer
  • 'Luxury Real Estate Markets Levelling Off Despite New Inventory
    Houses that are priced at the top of the luxury market felt a decline in demand compared to the last quarter of 2015. The average sale price of a home in the Hamptons, one of the luxury neighborhoods in the US, was at $8.8 million for the first quarter of 2016. In 2015, a similar home in the same luxury neighborhood was at $12.3 million.
    By Staff writer
  • 'Self-Storage Is The Investment To Make In Real Estate
    This has become one of the most solid investments in real estate available nowadays for several reasons. The report said that the industry is recession-resistant. The market is open to the widest clientele, from the wealthiest to the most ordinary. This is often done through the purchase of shares of real estate investment trusts.
    By Staff writer
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