Choose your path
Homebuyers are willing to pay an average of $8,728 extra for a property in order to save $1,000 a year in utility bills, according to a report released April 12 by the National Association of Home Builders. Buyers who expect to pay more than $500,000 for a property are willing to pay an average of $10,560 for energy efficient features.
Federal Housing Finance Agency Director Mark Calabria said April 15 that he assumes the job with a “great sense of urgency” to address government control of Fannie Mae and Freddie Mac, Bloomberg reported. The government-sponsored enterprises have returned to profitability, but remain in conservatorship.
Investors believe that the private equity real estate investment sector will perform worse in 2019 than it did in 2018, and portfolio/asset pricing will increase over the next 12 months, which could result in a slowdown period, according to research firm Prequin, National Real Estate Investor reported April 17.
New home sales dropped 7.6 percent between the third and fourth quarters in 2018, according to a report from the Federal Reserve Bank of New York released April 18, MarketWatch reported. Researchers cited changes to the federal tax code as the key factor in the slowdown.
Primary office market space has reached $439.05 per square foot, which is up from $362.01 per square foot five years ago, while the secondary office market is $222.63 per square foot, according to commercial real estate company CoStar, National Real Estate Investor reported April 18.
With the food-and-beverage sector claiming nearly 25% of retail sales in the U.S, an increase in real estate occupancy for the restaurant and grocery industries is expected, according to commercial real estate firm CBRE, GlobeSt.com reported April 16.
Chain retailers and regional malls are adding more multi-player video game versions of mini-golf, darts and pingpong to fill up space, which is taking up 32.1% of the leisure market, according to real estate service JLL, National Real Estate Investor reported April 15.
New York has regained the top spot as the top international city for foreign real estate investors, according to survey results from the trade group A Fellowship for International Real Estate released April 18, MBA NewsLink reported. New York, which overtook London, was cited for a stable and secure real estate market and capital appreciation.
Most Federal Reserve districts reported stronger home sales in the past month, although some districts reported lower demand for higher-priced properties, according to the latest Beige Book released April 17 by the Fed. Several districts also reported accelerated commercial real estate activity.
Homebuyers in competitive West Coast markets are increasingly winning the first home they put an offer on, with 63% of San Jose buyers winning their first offer in the first quarter of 2019, compared to 25% in 2018, real estate marketplace Redfin reported April 15.
Pop up content here.