As the human and economic toll of the coronavirus mounts, the real estate industry in North America is wondering where it can safely place its bets. The hospitality industry has taken the brunt of the hit so far, but other sectors of the economy have been nervously watching as the events unfold. … READ MORE >
Hospitality industry braces for the worst as coronavirus spreads
As the human and economic toll of the coronavirus continues to mount, the hospitality industry is bracing for the worst. On Jan. 30, the World Health Organization cautioned against non-essential travel to China after declaring the outbreak a public health emergency. Major airlines quickly responded, as British Airways, United, Delta … … READ MORE >
Americans face housing affordability crisis as paltry inventory sends costs higher
The decline in housing numbers reported for December on Wednesday is tied to the dwindling available supply of housing for purchase. While low unemployment and modest wage growth are driving strong demand, housing inventory is lacking. … READ MORE >
Women outnumber men in the workforce, and the middle market must adapt
The December U.S. Employment Report provided a sign that the U.S. labor market, economy and the basic relationship between work and the individual has now reached tipping point. Women now outnumber men in the workforce by 50.04% to 49.96%. … READ MORE >
How senior housing developers can respond to sagging demand
Developers eager to fill the demand for senior housing created by an aging U.S. population are facing a new and unexpected challenge in the form of rapidly advancing technologies that allow seniors to stay in their homes longer. … READ MORE >
As recession looms, U.S. homebuilders show strength
Even as slowing global growth and rising trade tensions have increased the odds that the American economy will enter a recession, one sector – homebuilding – has emerged as a bright spot. … READ MORE >
Real estate investors hope for the best, prepare for the worst—KAYO conference
“Economic cycles and real estate cycles don’t die of old age,” writes Laura Dietzel, RSM senior real estate analyst. “Most of the top industry investors, executives and advisors at the (Kayo) conference agreed that the industry currently finds itself in a mature part of the cycle, as property values throughout the country and across asset classes remain richly priced.” … READ MORE >
Tenants score win with NY rent regulations; laws could signal broader U.S. trend
On June 11, New York State lawmakers passed landmark new rent laws designed to protect the rights of tenants. The biggest impact will be on rent-regulated apartments, … READ MORE >
Low interest rates alone can’t save the housing market
The government reported on Tuesday that December housing starts fell 11.2 percent—their lowest level in two years. Despite this, many remain hopeful of a bounce back by spring. We believe that optimism should be kept in check, as high home prices remain a drag on the market. … READ MORE >
Demographics, policy to drive 2019 real estate investment
Fundamentals in the real estate market continue to be strong; however, at this late stage in the business cycle, investors need to be cautious as they venture into the development of more third-tier markets. Changes in demographics will also influence real estate as more people opt to rent, e-commerce grows and the density of offices’ increases amid an increasingly mobile workforce. … READ MORE >