Higher rates don’t mean the death of housing
Concerns about the impact of what’s expected to be higher Federal Reserve interest rates on the property market are overblown, Jonathan Gray, global head of real estate at Blackstone, told CNBC on Tuesday.
“We’re later in the cycle, but some people are getting a bit too negative,” said Gray, who manages $103 billion of investor capital — nearly a third of Blackstone’s total assets under management. He controls more than $200 billion worth of real estate.
Is the Market for New York Apartments Softening?
The housing market in New York is not what it was a year ago. Gone are the days when you could list your apartment for 20 percent more than the last comparable sale and watch the offers roll in over the next couple of days. “This has been the story for 2016,” said Jonathan J. Miller, the president of the real estate appraisal firm Miller Samuel. “The market has largely reset.”
Wealthy Chinese buyers are a growing force in U.S. real estate markets
For the fourth year in a row, buyers from China ranked first among foreign nationals purchasing property in the United States, according to a survey by the National Association of Realtors (NAR). U.S. home sales to Chinese nationals totaled $27.3 billion — exceeding the total dollar sales figure of the next four countries in the rankings combined, the survey showed.
Chinese investment in U.S. real estate could hit $50 billion by 2025, according to a report by the Rosen Consulting Group and the Asia Society
7 Common Rental Home Renos: Are They Worth Your Investment?
Looking to spice up your rental property and maximize your profits? To wrap up This Week in Rental Property – a.k.a TWiRP I’ve decided to share a fun but valuable article by Geraldine Campbell from Forbes that covers 7 common rental property renovations.