Climate Change Could Swamp East Coast Real Estate Rising sea levels are changing the way people think about waterfront real estate. Over the past five years, home sales in flood-prone areas grew about 25 percent. This has made state lawmakers in Massachusetts and New Jersey to begin pushing to impose new rules on real estate agents and others, obligating them to disclose climate-related damage...
Urban development is continuing to change especially as millennials are moving. In our first article, we see this change and the effect that it has had on US cities today. We then take a step back and look at a caveat to this observation: could this be another result of the media glorifying reality? Following this, we look at Bloomberg Business’s article on the changing perspective of...
Rental markets will stay strong While first time home ownership will rise in 2015, thanks to households headed by 30-somethings bankrolled by greater job security and rising confidence in the housing market, younger Millennials leaving college dorms and their parent’s homes will keep the rental market robust. Americans in their 20s strongly prefer to rent in urban centers close to jobs and...
According to Jones Lang LaSalle, or JLL, sales volumes on multifamily housing in the United States shot up about 47% from the months of July to September after a dragging second quarter. Sales volumes on multifamily housing hit about 25 billion dollars during that time. Researchers cite the housing hangover, population growth in the empty nesters and Echo Boomers, and the rise in households...