There isn’t much time left for real estate investors to take advantage of one of the biggest perks of opportunity zones. Opportunity zones—a program started under the Tax Cuts and Jobs Act of 2017—are economically distressed areas where the government hoped to create jobs and increase spending through ... READ MORE >
Scott Helberg
Biden’s $1.2 trillion infrastructure package and real estate
On Nov. 15, President Biden signed a $1.2 trillion infrastructure package—The Infrastructure Investment and Jobs Act—that provides historic funding levels to improve public works, including roads, bridges, highways, internet access and the power grid, as well as to mitigate the effects of climate change. ... READ MORE >
Traditional retail’s loss has been industrial’s gain
The holiday season is upon us and like most everything that has happened in 2020, it will bring unprecedented experiences due to the pandemic. Most people associate the holidays with buying presents for friends and family and getting together to share each other’s company. But with the coronavirus still ... READ MORE >
CHART OF THE DAY: Home builder optimism reaches record high
Many industries are still recuperating from the impact of the pandemic, but housing has been fortunate to experience a V-shaped recovery. Not only has the Housing Market Index from the National Association of Home Builders recovered to pre-pandemic levels, it has now matched December 1998 for an all-time ... READ MORE >
12.3 million rental units at risk when federal eviction moratorium ends Friday
Local courts should be prepared for an influx of filings as the federal eviction moratorium under the CARES Act officially expires on Friday. In late March, the national stimulus legislation put in place a moratorium of 120 days on specific types of properties, including those with federally backed ... READ MORE >
Real estate dry powder hits record levels amid stock market volatility, rising property values
No one wants to pay top dollar for real estate. A volatile stock market that has left investors looking for safe haven, with many allocating dollars to real estate fund managers. However, real estate funds have not yet deployed that capital, in part due to escalating property values. As a result, ... READ MORE >
Low treasury rate is a boost for home builders, neutral for commercial real estate
Bonds have been declining in recent weeks following a 25-basis-point rate cut from the Federal Reserve and expectations of further cuts amid rising concerns over an impending recession. Recession concerns were underscored Wednesday by the inversion of the U.S. and U.K. two- and 10-year yield curves and ... READ MORE >