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nightmare-afton-cosplay · 4 years ago

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Demand for Houses Boosts Home Construction

George Frey/Bloomberg via Getty Images

A surge in home-buying demand and limited inventory for existing homes is spurring construction to help fill the gap.

Home builders attribute their robust sales to low interest rates, a shortage of existing homes for sale and consumer willingness to move farther from city centers in exchange for more space.

New single-family-home sales rose 13.9% in July from June to a seasonally adjusted annual rate of 901,000, the highest level since December 2006, according to the Commerce Department. Single-family housing starts, a measure of U.S. home building, rose 8.2% in July from June to the highest seasonally adjusted annual rate since February.

“The demand feels really good right now,” said Martin Connor, chief financial officer of Toll Brothers Inc. “The longer it goes, the more comfortable we are that it’s got longer legs.”

The strength in the home-building sector underscores the uneven nature of the economic recession, which has hit low-wage workers especially hard. While millions of workers have lost their jobs in recent months, those who are still employed have saved more money due to the pandemic and can take advantage of record-low mortgage interest rates.

Home builders’ positive outlook is a sharp turnaround from early spring, when coronavirus lockdowns forced construction sites to halt in some parts of the country and builders swiftly cut spending on land acquisitions and new projects. U.S. home-builder confidence rose in August to match the record high last reached in 1998, up from an eight-year low in April, according to the National Association of Home Builders.

The S&P Homebuilders Select Industry Index is up 15.3% this year as of Monday, exceeding the 8.3% rise in the S&P 500 over the same period, according to FactSet.

Home builders also are benefiting from demographic changes, as younger millennials are entering their early 30s and accounting for a growing portion of home sales. Booming demand also has pushed sales of previously owned homes to multiyear highs.

Housing demand has outpaced supply for years, but the housing shortage has become even more acute in the existing-home market in recent months as the pandemic has made some sellers reluctant to list their homes. At the current sales pace, there were 3.1 months of existing homes available for sale at the end of July, according to the National Association of Realtors. In comparison, the new-home market had 4.0 months’ supply available at the end of July, according to the Commerce Department.

When Stephanie and Sven Christensen moved to Grand Haven, Mich., this year for Mr. Christensen’s job, they couldn’t find anything on the market that fit their needs. They decided to build a new house instead.

“We’re super, super excited,” Ms. Christensen said. But “we would have much preferred to find a house that would work for us that we could just buy and move into.”

In response to the strong demand, home builders are raising prices. The median sales price of a new house sold in July was $330,600, up 7.2% from a year earlier.

Home builders are limited in how quickly they can grow due to shortages of skilled labor, delays in obtaining some appliances and rising land costs, said Ali Wolf, chief economist at Meyers Research.

Lumber futures also have climbed to a record high, pushing the cost of building a single-family home up by more than $16,000 since mid-April, according to the NAHB.

Eighty percent of builders in August said challenges on the supply side are going to affect their sales plan this year, up from 30% in June, according to a Meyers Research survey.

“You can’t just build 25% more houses,” said Sheryl Palmer, chief executive of Scottsdale, Ariz.-based Taylor Morrison Home Corp. “We just won’t be able to meet the demand overnight.”

Housing economists say high unemployment could also limit home sales in the coming months, especially if job losses spread to affect more high-paid workers.

Ty Andersen paid a deposit on a townhome under construction in Bluffdale, Utah, in April, before being laid off from his digital-marketing job in May. He hopes to find a new job before he applies for a mortgage loan in the fall.

“I’m beginning to worry more” about the home purchase falling through, he said. “I just keep pushing forward with the hope that I will find a job and that it will work out.”

—Mark Maurer contributed to this article.

The post Demand for Houses Boosts Home Construction appeared first on Real Estate News & Insights | realtor.com®.

from https://www.realtor.com/news/real-estate-news/demand-for-houses-boosts-home-construction/

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advertphoto · 5 years ago

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What Are The 4 Types Of Real Estate?

Real estate is real property, land, buildings, air rights above the land and underground rights below the land. The term real estate means real, or physical, property. Real comes from the Latin root res, or things. Others say it’s from the Latin word “rex,” meaning “royal,” since kings used to own all land in their kingdoms. The U.S. Constitution initially restricted voting rights to only owners of real estate.

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Four Types of Real Estate

There are four types of real estate:

•

Residential real estate

includes both new construction and resale homes. The most common category is single-family homes. There are also condominiums, co-ops, townhouses, duplexes, triple-deckers, quad lexes, high-value homes, multi-generational and vacation homes.

•

Commercial real estate

includes shopping centers and strip malls, medical and educational buildings, hotels and offices. Apartment buildings are often considered commercial, even though they are used for residences. That’s because they are owned to produce income.

•

Industrial real estate

includes manufacturing buildings and property, as well as warehouses. The buildings can be used for research, production, storage, and distribution of goods. Some buildings that distribute goods are considered commercial real estate. The classification is important because the zoning, construction, and sales are handled differently.

• Land includes

vacant land

, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

How the Real Estate Industry Works

Real estate also refers to producing, buying and selling real estate. Real estate affects the U.S. economy by being a critical driver of economic growth. Construction of new buildings is a component of gross domestic product. It includes residential, commercial, and industrial buildings. In 2018, real estate construction contributed $1.15 trillion to the nation’s economic output. That’s 6.2% of U.S. gross domestic product. It’s more than the $1.13 trillion in 2017 but still less than the 2006 peak of $1.19 trillion. At that time, real estate construction was a hefty 8.9% component of GDP. New home building is a critical category. It includes the construction of single-family homes, townhouses, and condominiums. The National Association of Home Builders provides monthly data on home sales and average prices. The data on new home sales is a leading economic indicator. It signals how the housing market will do in nine months. That’s how long it takes to construct new homes. The NAHB also reports new home starts, those are the number of home construction projects on which ground is broken.

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Real estate agents assist homeowners, businesses and investors buy and sell all four types of properties. The industry is typically divided up into specialists that focus on one of the types. Sellers’ agents help find buyers through either the Multiple Listing Service or their professional contacts. They price your property, using comparative listings of recently sold properties known as “comps.” They can help you spruce up your property so it will look its best to customers. They assist in negotiations with the buyer, helping you get the highest price possible. Here are more sellers’ agent services. Buyers’ agents provide similar services for the home purchaser. They know the local market. That means they can find a property that meets your most important criteria. They also compare prices, called “doing comps.” It allows them to guide you to areas that are affordable. Buyers’ agents negotiate for you, pointing out reasons why the seller should accept a lower price. They help with the legalities of the process, including title search, inspection and financing. Real estate agents who want to increase their professionalism become REALTORS.

The National Association of realtors publishes provides monthly reports on the number of homes resold and their average price. It’s a better indicator of the health of the overall housing industry than new home construction. That’s because new home builders can be overenthusiastic about future sales and overbuild. They can also cut prices to force sales. Individual homeowners must follow the market’s supply and demand. They don’t have the clout to manipulate the market. NAR provides the current housing market statistics.

Real Estate Investing

Everyone who buys or sells a home engages in real estate investing. That means you must consider several factors. Many people do so well with investing in their homes they want to buy and sell homes as a business. There are many ways to do that. First, you can flip a house. That’s where you buy a house to improve then sell it. Many people own several homes and rent them out. You can also invest in housing without buying a home. You can buy stocks of homebuilders. Their stock prices rise and fall with the housing market. Another way is with Real Estate Investment Trusts, called REITs. These are investments in commercial real estate. Their stock prices lag behind trends in residential real estate by a few years. Statistics about new home construction are important leading economic indicators. That means they will give you a heads up on the future of the housing market. If mortgages are declining, the homebuilder will end up with an inventory of unsold homes for sale.

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It also means demand is high, but homeowners can’t get mortgages. Rising home starts might seem like an indicator of housing strength. But it might be a bad sign. Declining home closings mean the housing market is weak. The new home sale is the first step in a nine to twelve-month process. If new home sales pick up, then you know closings will rise in about a year. However, all of the remaining three steps must be completed. A new home sale is when the buyer signs the paperwork and gives the homebuilder a deposit. That’s because most new homes are not constructed until there is a buyer. The exceptions are spec homes that are used as model homes. The Census Bureau releases monthly estimates of new home sales. They are given as an annual rate. Two months after the paperwork is signed, the local housing regulators grant the permit. It is an early indicator, but not always accurate. Builders can go bankrupt and never build the permitted units. They can change the number of units built in a multi-family. In fact, 22.5% of multi-family permits aren’t built, or are changed to single-family units. Finally, developers often receive permits for a large portion of a complex that could take months and month to build. Three months later is the new home start. It occurs when the builder breaks ground. The National Association of Home Builders reports on this monthly. It’s very accurate because the new home start only occurs when the builder is confident enough to break ground. Six to nine months later is the closing.

The homebuyer must receive a mortgage before the home can close. If the homebuyer doesn’t qualify, the house remains in inventory. If this statistic is lower than the home sale figure, it means the new home market will start to slow down. There are too many homes being built, and not enough qualified home buyers. It can also mean builders will begin lowering prices to clear their inventories. Fannie Mae releases the report on all mortgages.

There are three other important indicators to watch.

• Inventory – This is the total of homes that are available for sale, but unsold. The NAHB reports this monthly.

• Months of Supply: This is how many months it would take to sell all the houses in inventory. It’s based on the sales rate and inventory. The NAHB also reports this monthly.

• Sales Prices – The Census Bureau reports on both the median and average new home sales price. Commercial real estate is any property owned for the purpose of producing income. There is about $6 trillion worth of commercial real estate in the United States. Here are the five largest categories of commercial real estate. • Retail includes indoor shopping malls, outdoor strip malls, and big box retailers. It also includes grocery stores and restaurants. Its value is around $2.1 trillion or 36 percent of the total value of commercial real estate. It consists of at least 9.5 billion square feet of shopping center space.

• Hotels include motels, luxury resorts, and business hotels. This category does not include homes that rent out rooms through Airbnb. There are roughly 4.4 million hotel rooms worth $1.92 trillion.

• Office buildings include everything from Manhattan skyscrapers to your lawyer’s office. There are roughly 4 billion square feet of office space, worth around $1.7 trillion or 29 percent of the total.

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A Real Estate Investment Trust is a public company that develops and owns commercial real estate. Buying shares in a REIT is the easiest way for the individual investor to profit from commercial real estate. You can buy and sell shares of REITs just like stocks, bonds, or any other type of security. They distribute taxable earnings to investors, similar to stock dividends. REITs limit your risk by allowing you to own property without taking out a mortgage. Since professionals manage the properties, you save both time and money. Unlike other public companies, REITs must distribute at least 90 percent of their taxable earnings to shareholders. This saves them the business tax cost, which is paid by the shareholder at the capital gains tax rate.

Pros and Cons of REITs

Since commercial real estate values are a lagging indicator, REIT prices don’t rise and fall with the stock market. That makes them a good addition to a diversified portfolio. REITs share an advantage with bonds and dividend-producing stocks in that they provide a steady stream of income. Like all securities, they are regulated and easy to buy and sell. Keep in mind that the value of your REIT reflects more than just the underlying real estate. It’s also affected by the demand for REITs themselves as an investment. They compete with stocks and bonds for investors. So even if the value of the real estate owned by the REIT rises, the share price could fall in a stock market crash.

When to Buy and Sell REITs

When investing in REITs, be sure that you are aware of the business cycle and its impact on commercial real estate. During a boom, commercial real estate could experience an asset bubble after residential real estate decline. During a recession, commercial real estate hits its low after residential real estate.

REITS versus Real Estate ETFs

Real estate exchange-traded funds track the stock prices of REITs. Investors are attracted to ETFs because they have very low fees. But they are one more step removed from the value of the underlying real estate. As a result, they are more susceptible to stock market bull and bear markets.

The Risks of Real Estate Sector Funds

For many securities-oriented investors, real estate provides an ideal way to diversify their overall portfolios (and indeed, real estate comprises one of only two asset classes that have outperformed inflation over the long term). However, owners of individual properties face the same risk as owners of individual stocks: If the value of the asset declines, then they can lose big. Fortunately, investors have an alternative method of participating in the real estate market through real estate sector funds (see An Introduction to Sector Mutual Funds). This article examines the risks and rewards inherent in real estate funds, as well as some of the winners and losers in this category.

Here are some things you can do to make real estate low risk for you:

• Do your homework – Everyone needs to do their due diligence before purchasing a property. You need to know about the market, the building type, the rents, the renovations etc. before going in. If you do your homework right, the risk is much lower. You may need a power team of realtors, lenders, inspectors, appraisers, contractors, mortgage brokers etc. to help you do your homework. You typically can’t do it alone.

• Get educated – Most people try to skip school when it comes to real estate investing, but an ounce of sweat can save a pint of blood. I recommend taking some classes, hiring a coach and getting a mentor if you are serious about real estate investing. Typically, the cost of a good education is the same as the profit you will make on one good deal, so the cost is negligible in the long run.

• Be diligent – Above all things do not be negligent. Stay on top of what is happening. There are always changes happening in real estate and you must be aware of what’s going on. Negligence is expensive in the real estate field.

• Be a good manager or hire a good manager – Someone must manage your asset, either you or someone else. If you are managing, make sure you are educated and know what you are doing. If you don’t want to manage the property yourself, find a good manager. Typically a good property manager is harder to find than you may think so you may have to go through several.

• Don’t over-leverage – Leverage is one of the reasons why people get rich in real estate and also a reason why people go bankrupt. When you are leveraging, be responsible and don’t over-leverage. Make sure you can survive if something goes wrong.

• Have a strong income going in – Real estate is somewhat of a rich man’s game. If you don’t have a strong income going in, perhaps you need to increase your income by going into sales or something else that can become high income. When I started in real estate I had no income and it was very hard to manage. Today I have a very high income and it’s much easier to operate in the real estate field.

• Keep cash on hand – Always keep a strong cash cushion. I tell my students if you don’t have $100,000 cash on hand, don’t do buy and hold. You need cash just in case things go wrong. In real estate, something always goes wrong so you need to have large cash reserves to be able to sustain disasters as they happen.

Real estate, when speaking of the ownership of land, refers to the land – not the improvements (house or structures on the land) and usually the land extends to the center of the earth and into space. Real estate is unique as no two pieces of land can be identical, therefore value is determined by the desirability of the land and the location (often based on proximity to a desirable geographical feature such as a City or body of water). The improvements are what most people think of when they are thinking of buying or selling real estate, when in fact most of the value is actually in the land.

The cost of the improvement can vary based on obsolescence, condition and wear/tear. This is why in some parts of the world, people will pay huge amounts of money for land and then tear down the improvement that exists there. The cost to tear down a structure isn’t that high, and surprisingly the cost to build a new house on a piece of real estate is much more reasonable than many would expect.

Real Estate Lawyer Free Consultation

When you need legal help with real estate in Utah, please call Ascent Law LLC for your free consultation (801) 676-5506. We can help you with boundary disputes. Easements. Real Estate Development. CC&Rs. HOAs. Condominium Developments. Commercial Real Estate. Residential Real Estate. Vacant Land. Zoning. Quiet Title Actions. Evictions for Landlords. And Much More. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

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Source: https://www.ascentlawfirm.com/what-are-the-4-types-of-real-estate/

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michaeljames1221 · 5 years ago

Text

What Are The 4 Types Of Real Estate?

youtube

Four Types of Real Estate

There are four types of real estate:

•

Residential real estate

•

Commercial real estate

•

Industrial real estate

• Land includes

vacant land

, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

How the Real Estate Industry Works

youtube

Real Estate Investing

youtube

There are three other important indicators to watch.

• Inventory – This is the total of homes that are available for sale, but unsold. The NAHB reports this monthly.

• Months of Supply: This is how many months it would take to sell all the houses in inventory. It’s based on the sales rate and inventory. The NAHB also reports this monthly.

youtube

Pros and Cons of REITs

When to Buy and Sell REITs

REITS versus Real Estate ETFs

The Risks of Real Estate Sector Funds

Here are some things you can do to make real estate low risk for you:

Real Estate Lawyer Free Consultation

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Summit County

Bankruptcy Lawyer Herriman Utah

What Is The Difference Between Real Property And Personal Property?

What Property Can Go Into A Living Trust?

Permits And Licenses

Real Estate Lawyer Sandy Utah

from Michael Anderson https://www.ascentlawfirm.com/what-are-the-4-types-of-real-estate/

from Criminal Defense Lawyer West Jordan Utah https://criminaldefenselawyerwestjordanutah.wordpress.com/2020/01/11/what-are-the-4-types-of-real-estate/

0 notes

asafeatherwould · 5 years ago

Text

What Are The 4 Types Of Real Estate?

youtube

Four Types of Real Estate

There are four types of real estate:

•

Residential real estate

•

Commercial real estate

•

Industrial real estate

• Land includes

vacant land

, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

How the Real Estate Industry Works

youtube

Real Estate Investing

youtube

There are three other important indicators to watch.

• Inventory – This is the total of homes that are available for sale, but unsold. The NAHB reports this monthly.

• Months of Supply: This is how many months it would take to sell all the houses in inventory. It’s based on the sales rate and inventory. The NAHB also reports this monthly.

youtube

Pros and Cons of REITs

When to Buy and Sell REITs

REITS versus Real Estate ETFs

The Risks of Real Estate Sector Funds

Here are some things you can do to make real estate low risk for you:

Real Estate Lawyer Free Consultation

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Summit County

Bankruptcy Lawyer Herriman Utah

What Is The Difference Between Real Property And Personal Property?

What Property Can Go Into A Living Trust?

Permits And Licenses

Real Estate Lawyer Sandy Utah

Source: https://www.ascentlawfirm.com/what-are-the-4-types-of-real-estate/

0 notes

aretia · 5 years ago

Text

What Are The 4 Types Of Real Estate?

youtube

Four Types of Real Estate

There are four types of real estate:

•

Residential real estate

•

Commercial real estate

•

Industrial real estate

• Land includes

vacant land

, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

How the Real Estate Industry Works

youtube

Real Estate Investing

youtube

There are three other important indicators to watch.

• Inventory – This is the total of homes that are available for sale, but unsold. The NAHB reports this monthly.

• Months of Supply: This is how many months it would take to sell all the houses in inventory. It’s based on the sales rate and inventory. The NAHB also reports this monthly.

youtube

Pros and Cons of REITs

When to Buy and Sell REITs

REITS versus Real Estate ETFs

The Risks of Real Estate Sector Funds

Here are some things you can do to make real estate low risk for you:

Real Estate Lawyer Free Consultation

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Summit County

Bankruptcy Lawyer Herriman Utah

What Is The Difference Between Real Property And Personal Property?

What Property Can Go Into A Living Trust?

Permits And Licenses

Real Estate Lawyer Sandy Utah

Source: https://www.ascentlawfirm.com/what-are-the-4-types-of-real-estate/

0 notes

melissawalker01 · 5 years ago

Text

What Are The 4 Types Of Real Estate?

youtube

Four Types of Real Estate

There are four types of real estate:

•

Residential real estate

•

Commercial real estate

•

Industrial real estate

• Land includes

vacant land

, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

How the Real Estate Industry Works

youtube

Real Estate Investing

youtube

There are three other important indicators to watch.

• Inventory – This is the total of homes that are available for sale, but unsold. The NAHB reports this monthly.

• Months of Supply: This is how many months it would take to sell all the houses in inventory. It’s based on the sales rate and inventory. The NAHB also reports this monthly.

youtube

Pros and Cons of REITs

When to Buy and Sell REITs

REITS versus Real Estate ETFs

The Risks of Real Estate Sector Funds

Here are some things you can do to make real estate low risk for you:

Real Estate Lawyer Free Consultation

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Summit County

Bankruptcy Lawyer Herriman Utah

What Is The Difference Between Real Property And Personal Property?

What Property Can Go Into A Living Trust?

Permits And Licenses

Real Estate Lawyer Sandy Utah

from Michael Anderson https://www.ascentlawfirm.com/what-are-the-4-types-of-real-estate/ from Divorce Lawyer Nelson Farms Utah https://divorcelawyernelsonfarmsutah.tumblr.com/post/190189148655

0 notes

divorcelawyergunnisonutah · 5 years ago

Text

What Are The 4 Types Of Real Estate?

youtube

Four Types of Real Estate

There are four types of real estate:

•

Residential real estate

•

Commercial real estate

•

Industrial real estate

• Land includes

vacant land

, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

How the Real Estate Industry Works

youtube

Real Estate Investing

youtube

There are three other important indicators to watch.

• Inventory – This is the total of homes that are available for sale, but unsold. The NAHB reports this monthly.

• Months of Supply: This is how many months it would take to sell all the houses in inventory. It’s based on the sales rate and inventory. The NAHB also reports this monthly.

youtube

Pros and Cons of REITs

When to Buy and Sell REITs

REITS versus Real Estate ETFs

The Risks of Real Estate Sector Funds

Here are some things you can do to make real estate low risk for you:

Real Estate Lawyer Free Consultation

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Summit County

Bankruptcy Lawyer Herriman Utah

What Is The Difference Between Real Property And Personal Property?

What Property Can Go Into A Living Trust?

Permits And Licenses

Real Estate Lawyer Sandy Utah

from Michael Anderson https://www.ascentlawfirm.com/what-are-the-4-types-of-real-estate/

0 notes

coming-from-hell · 5 years ago

Text

What Are The 4 Types Of Real Estate?

youtube

Four Types of Real Estate

There are four types of real estate:

•

Residential real estate

•

Commercial real estate

•

Industrial real estate

• Land includes

vacant land

, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

How the Real Estate Industry Works

youtube

Real Estate Investing

youtube

There are three other important indicators to watch.

• Inventory – This is the total of homes that are available for sale, but unsold. The NAHB reports this monthly.

• Months of Supply: This is how many months it would take to sell all the houses in inventory. It’s based on the sales rate and inventory. The NAHB also reports this monthly.

youtube

Pros and Cons of REITs

When to Buy and Sell REITs

REITS versus Real Estate ETFs

The Risks of Real Estate Sector Funds

Here are some things you can do to make real estate low risk for you:

Real Estate Lawyer Free Consultation

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Summit County

Bankruptcy Lawyer Herriman Utah

What Is The Difference Between Real Property And Personal Property?

What Property Can Go Into A Living Trust?

Permits And Licenses

Real Estate Lawyer Sandy Utah

Source: https://www.ascentlawfirm.com/what-are-the-4-types-of-real-estate/

0 notes

mayarosa47 · 5 years ago

Text

What Are The 4 Types Of Real Estate?

Four Types of Real Estate

There are four types of real estate:

•

Residential real estate

•

Commercial real estate

•

Industrial real estate

• Land includes

vacant land

, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

How the Real Estate Industry Works

Real Estate Investing

There are three other important indicators to watch.

• Inventory – This is the total of homes that are available for sale, but unsold. The NAHB reports this monthly.

• Months of Supply: This is how many months it would take to sell all the houses in inventory. It’s based on the sales rate and inventory. The NAHB also reports this monthly.

Pros and Cons of REITs

When to Buy and Sell REITs

REITS versus Real Estate ETFs

The Risks of Real Estate Sector Funds

Here are some things you can do to make real estate low risk for you:

Real Estate Lawyer Free Consultation

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Summit County

Bankruptcy Lawyer Herriman Utah

What Is The Difference Between Real Property And Personal Property?

What Property Can Go Into A Living Trust?

Permits And Licenses

Real Estate Lawyer Sandy Utah

from https://www.ascentlawfirm.com/what-are-the-4-types-of-real-estate/

from Criminal Defense Lawyer West Jordan Utah - Blog http://criminaldefenselawyerwestjordanutah.weebly.com/blog/what-are-the-4-types-of-real-estate

0 notes

gonnagoandrunwiththehorses · 5 years ago

Text

What Are The 4 Types Of Real Estate?

youtube

Four Types of Real Estate

There are four types of real estate:

•

Residential real estate

•

Commercial real estate

•

Industrial real estate

• Land includes

vacant land

, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision and site assembly.

How the Real Estate Industry Works

youtube

Real Estate Investing

youtube

There are three other important indicators to watch.

• Inventory – This is the total of homes that are available for sale, but unsold. The NAHB reports this monthly.

• Months of Supply: This is how many months it would take to sell all the houses in inventory. It’s based on the sales rate and inventory. The NAHB also reports this monthly.

youtube

Pros and Cons of REITs

When to Buy and Sell REITs

REITS versus Real Estate ETFs

The Risks of Real Estate Sector Funds

Here are some things you can do to make real estate low risk for you:

Real Estate Lawyer Free Consultation

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Summit County

Bankruptcy Lawyer Herriman Utah

What Is The Difference Between Real Property And Personal Property?

What Property Can Go Into A Living Trust?

Permits And Licenses

Real Estate Lawyer Sandy Utah

Source: https://www.ascentlawfirm.com/what-are-the-4-types-of-real-estate/

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nightmare-afton-cosplay · 4 years ago

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Millennials Help Power This Year’s Housing-Market Rebound

David Paul Morris/Bloomberg via Getty Images

Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent recovery.

Demand from millennials, who today range from their mid-20s to late 30s, has been increasingly important to the housing market since at least the middle of the last decade. But more recently, these new homeowners have been pushing aside older generations to become an even bigger influence.

Millennials reached a housing milestone early last year when the group first accounted for more than half of all new home loans, and they consistently held above that level in the first months of this year, the most recent period for which data are available, according to Realtor.com. The generation made up 38% of home buyers in the year that ended July 2019, up from 32% in 2015, according to the National Association of Realtors.

The group last year also surpassed baby boomers as the biggest living adult generation in the U.S., according to the Pew Research Center. The largest cohort of millennial births was in 1990, Pew said, meaning that group turns 30 sometime this year.

“We anticipate as they turn 31 and 32, we’ll just see homebuying demand grow,” said Odeta Kushi, deputy chief economist at First American Financial Corp. Millennials could be responsible for at least 15 million home sales in the next decade, the firm said.

Rising millennial homeownership challenges years of speculation after the 2007-09 recession that millennials would be stuck renting perpetually, hampered by student-loan debt and wary of the housing market after the foreclosure crisis.

That raised questions about how millennials would build nest eggs, because homeownership has commonly been viewed as a pillar of wealth creation. Now, brokers and economists say millennials’ homebuying interest was simply delayed. Older millennials are marrying and having children later in life than previous generations, after finishing their education and building up savings.

That growing demand is compounded by younger millennials, who are now entering their 30s and starting to buy homes more actively. That is more in line with the ages at which many baby boomers and Generation X, the group born before millennials, began buying homes.

“Millennials, they’re roaring into homebuying age,” said Rick Arvielo, chief executive of mortgage lender New American Funding. “What the industry’s been talking about for a decade is whether they’re going to follow their predecessor generations in terms of their desire to own homes,” he said, adding, “Yeah, they do—they have the same desires.”

Younger buyers were a big reason why home sales continued on the path to recovery in July. Sales of previously owned homes surged almost 25% in July to their highest seasonally adjusted annual rate since December 2006.

First-time buyers accounted for 34% of sales in July, up from 32% a year earlier, NAR said.

Low interest rates, and a desire for more space as the coronavirus pandemic leads people to spend more time at home, are boosting demand for homeownership among Americans of all ages. Many millennials have additional motivations, especially parents of young or growing families.

Sandra Martinez-Gonzalez, who is 32 years old and lives in Las Vegas, used to think she didn’t want to own a home. She preferred the freedom to pick up and move. But when she started looking for a new place to rent at the beginning of the year, she realized buying would be cheaper than renting in her neighborhood.

Ms. Martinez-Gonzalez and her husband moved into their first home with their 2-year-old daughter in July. “It feels amazing,” she said, citing the bigger space and a home office. “Now that we have a home it kind of feels like: Why didn’t we do this sooner?”

A strong housing market can be a positive sign for the economy, as home purchases can lead to increased spending on furniture, appliances and renovations. Home builders have also expanded activity in response to the demand. Some equity analysts have pointed to a strengthening housing market as a reason for the U.S. stock market’s resurgence, despite high unemployment and concerns about the continuing pandemic.

There’s no guarantee millennials’ robust demand will last. The recession has been a major financial setback for millions of younger workers who lost their jobs in recent months. A persistently high unemployment rate among millennials could slow homebuying among the group in coming years.

For those who remain employed, ultralow interest rates offer an additional incentive to buy, as they can reduce monthly payments and make homeownership more affordable. The average rate on a 30-year fixed-rate mortgage rose to 2.99% last week, near record lows, said mortgage-finance giant Freddie Mac.

Still, housing prices have risen relative to incomes in the past decade, making a down payment a big hurdle for many millennials, especially those with student-loan debt. In the year that ended in July 2019, more than one in five buyers in their 20s and 30s used a gift from family or friends for their down payment, according to the NAR.

Some millennials are willing to move out of state to become homeowners. Rachelle Nelson and Phillip Nelson opted to build up savings rather than buy a house when they got married in 2013. Then home prices in Fort Collins, Colo., became too high for them to afford, said Ms. Nelson, who is 28. When Mr. Nelson got a new job in June, they started shopping in Cheyenne, Wyo.

They closed on a two-story home in Cheyenne last month. “We had been wanting to buy for a long time,” Ms. Nelson said. “With his new job that he got, it was what we needed in order to actually go forward.”

The post Millennials Help Power This Year’s Housing-Market Rebound appeared first on Real Estate News & Insights | realtor.com®.

from https://www.realtor.com/news/trends/millennials-help-power-this-years-housing-market-rebound/

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jesserwoods · 5 years ago

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Construction workers at high risk of suicide due to psychosocial hazards in the workplace

By Donna Mayer

A mental health crisis at Britain’s largest construction project is pushing the alarming suicide rate among construction workers to the front pages.

More than one construction worker a day takes his own life in the U.K., three times the U.K. suicide rate for men. In the U.S., the suicide rate among construction workers is four times their national average. In Canada, we just don’t know.

According to The Guardian, union officials at the Hinkley Point nuclear power station construction site say they have been told of 10 suicide attempts in the first four months of 2019.

The main causes of the distress appear to be loneliness, relationship breakdown and the struggle of being sometimes hundreds of miles away from family.

More than 1,400 construction workers took their own lives between 2011 and 2015 in the U.K, according to their Office for National Statistics. Records show that 450 construction workers died by suicide in 2016.

The European Union requires employers to assess psychosocial hazards in the workplace. According to the European Agency for Safety and Health at Work, psychosocial risks and work-related stress are among the most challenging issues in occupational safety and health.

Examples of working conditions leading to psychosocial risks are:

Competitive, high-pressure environment

Excessive workloads

Conflicting demands and lack of role clarity

No control over workload

Lack of involvement in making decisions that affect the worker and lack of influence over the way the job is done

Job insecurity

Contributing factors include a higher prevalence of alcohol and substance abuse, separation from families, and long stretches without work.

The risk of suicide in different occupations has been extensively studied in the U.K. and internationally.

According to a recent study from the HYPERLINK “ HYPERLINK “ for Disease Control and Prevention, more construction workers take their lives than any other industry.

The CDC report showed that the 2015 suicide rate for men in construction was four times higher than the overall suicide rate at 53 people per 100,000.

Researchers found the highest suicide rates in manual labourers who work in isolation and face unsteady employment. High rates were also seen in carpenters, miners, electricians and men who work in construction.

The report looked at about 22,000 of the more than 40,000 suicide deaths reported in the entire U.S. in 2015.

While suicide is a major public health issue in Canada, there is little research on the risk of suicide in different occupations.

Statistics Canada reports that suicide is one of the top ten causes of death in Canada. On average, 11 people die by suicide each day. In 2017, there were 4,175 deaths by suicide in Canada.

Unlike peer countries such as the United States, Australia and Britain, Canada doesn’t produce detailed, national, publicly available information on the suicide risks facing workers.

Until this year, Canada remained the only industrialized country in the G-7 that did not have a national suicide prevention strategy. On May 8th 2019, the House of Commons unanimously adopted a private member motion to establish a National Suicide Prevention Strategy.

The legislation calls for conducting comprehensive analyses of high-risk groups of people, and the risk factors specific to each such group within 18 months.

In the meantime, what we do know is: men in the 45-59 age category are at greatest risk. One-third of suicide deaths in Canada are among people 45-59 years of age.

Men have a three times higher rate of suicide compared to women, according to Statistics Canada. Men experience higher rates of death from suicide, whereas women experience higher rates of non-fatal suicidal behaviour.

Gender differences in suicidal behaviour have been theorized to be related to a number of factors, including lethality, differential rates of depression and alcohol misuse, and socialization.

Men tend to use more lethal means than women and also have less interaction with the health care system. Help-seeking behaviour and social support, two protective factors associated with suicide, may be more prevalent among women.

The Centers for Disease Control and Prevention stresses that suicide prevention on the construction site is critical because it’s where many workers spend most of their time.

The CDC report had immediate impact in the U.S. In 2016, the Construction Financial Management Association established the Construction Industry Alliance for Suicide Prevention with the goal of providing and disseminating information and resources for suicide prevention and mental health promotion in construction.

Although statistics on suicide rates in the construction industry in Canada are lacking, suicide prevention resources are readily available.

Ranging from 24/7 telephone crisis services and online worker stress assessment tests to first aid training, workplace toolkits and training, and a National Standard for Psychological Health and Safety, there are many ways the construction sector can mitigate the risks of suicide among the workforce.

Mental Health First Aid Certification

Mental Health First Aid (MHFA) was developed in Australia in 2001and has since spread to 23 countries.

Brought to Canada in 2006 by the Alberta Mental Health Board, and adopted for national delivery by the Mental Health Commission of Canada in 2010, more than 400,000 people have received MHFA training.

Mental Health First Aid prescribes a three step approach:

Recognize a change in behaviour

Respond with a confident conversation

Guide to appropriate resources and support

The Mental Health Commission of Canada (MHCC) works in partnership with industry organizations to deliver the training to workers and managers.

In Ontario, Workplace Safety and Prevention Services is working with MHCC to deliver the Mental Health First Aid program, with a dozen training sessions lined up around the province this fall.

Mental Health First Aid is also being offered by Prevention Link – Disability Prevention at Work, a program of the Ontario Federation of Labour on behalf of the MHCC this fall in Sudbury, Toronto, St. Catharines, and Oshawa.

Recognize Workplace Warning Signs

People who are suicidal typically exhibit warning signs. Anyone can learn to identify someone at risk of suicide and get them help.

In the workplace, these signs may be identified as a person:

Being very happy after a period of depression

Acting more aggressive or stressed out than usual (e.g. lashing out at people)

Commenting on being tired all the time, being noticeably fatigued

Commenting about being a burden to others (e.g. “Everyone would be better off if I wasn’t here”)

Not showing up for work as often or being absent for periods of time (absenteeism)

Not being as productive as usual, being unmotivated (presenteeism).

Isolation from co-workers

Some warning signs require more immediate action than others. Suicidology experts advise immediate professional intervention if someone is exhibiting the following warning signs:

Talking about wanting to die or to kill oneself

Looking for a way to kill oneself or already having a plan

Respond with Confident Intervention

The most difficult part of intervention is to know what to say. The Suicide Prevention Resource Center offers specific advice on how to talk to a worker or co-worker who may be suicidal.

Mention you have noticed changes in their behaviour and that you are concerned about them

Ask them directly if they are having thoughts of suicide and if they a plan to kill themselves

Connect them with resources in your organization or in your community.

Immediate Distress – Phone, Chat or Text

The CanadaHYPERLINK “ Suicide Prevention Service (CSPS) encourages anyone having thoughts of suicide to reach out by whatever means they are most comfortable with – either phone, text, or online chat, whether for yourself or for someone else.

The Canada Suicide Prevention Service is available 24/7 at 1-833-456-4566, via toll-free phone. The text option is available from 4:00 p.m. – midnight (ET), seven days a week: text message to 45645.

An online chat option is also available through Distress and Crisis Ontario.

The CSPS is a service of Crisis Services Canada (CSC), a national network of distress, crisis and suicide prevention line services in operation since 2002. A list of local crisis centres is available on the CSPHYPERLINK “ website .

Awareness and Support Resources

The Mental Health Commission of Canada holds regular webinars in many different areas of mental health, including suicide prevention and workplace mental health.

Ontario’s designated health and safety training centre, the Workers Health & Safety Centre, offers a “Stress in the Workplace” training program. The half-day course is designed to equip participants with information that will enable them to identify causes of workplace stress, recognize its health effects, and assess and implement effective controls.

The Occupational Health Clinic for Ontario Workers has an online StressAssess survey designed for workers and managers to assess psychosocial hazards in the workplace. Upon completion of the survey, resources are provided to give the workplace ideas on how to address identified concerns. It includes both personal and workplace editions.

In addition, the MHCC’s social media campaign #sharehope raises awareness and creates a space to share messages of hope related to suicide and its prevention.

Prevention

The Centre for Suicide Prevention, a program of the Canadian Mental Health Association, has an online workplace suicide prevention toolkit.

Among the suggested strategies are fostering a culture where help-seeking is encouraged.

In 2013, the Mental Health Commission of Canada commissioned a National Standard. The “National Standard of Canada for Psychological Health and Safety in the Workplace” specifies the requirements for establishing a documented and systematic method for creating and maintaining a psychologically healthy and safe workplace.

The Standard provides a framework for the creation and continuous improvement of a psychologically healthy and safe workplace, especially in terms of:

Identifying and eliminating workplace hazards that pose a risk of psychological harm to workers

Evaluating and controlling workplace risks associated with hazards that cannot be eliminated

Introducing structures and practices that promote and support psychological health and safety in the workplace

Promoting a culture that fosters psychological health and safety at work

Both training and an online toolkit are available to help employers implement the Standard.

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charlesccastill · 6 years ago

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All Boston Development Trends and Numbers You Need to Know at a Glance: BPDA Report

BOSTON–The Boston Planning & Development Agency (BPDA) has released a new report by the agency’s Research Division analyzing economic and development trends in Boston since 1996.

The Report analyzes development trends in five sub-markets: housing, office, hotel, industrial, and institutional, while describing concurrent economic and demographic trends that may influence development.

Here are the key highlights:

Boston’s population has grown by approximately 93,000 since 2000. According to the BPDA’s Population Projection, the population is expected to increase to 760,000 by 2030, still slightly less than the high of 800,000 in 1950.

In 2017, there were 293,538 housing units in the City, of which 91% were occupied. Of occupied units, 35% were owner-occupied in 2017. In 2018, Boston updated its goal to 69,000 new units by 2030, based on a revised population projection of 760,000 and the city’s progress in constructing new housing.

Median monthly rent increased by 17% from 2006 to 2017, faster than median household income, which grew 14% in the same time period. Monthly ownership costs grew only 9%. The percentage households that are housing cost burdened (pay 30% or more of household income on housing costs) decreased from 49% in 2006 to 41% in 2017.

Office inventory in Boston has grown by 3.8 million square feet in the past 10 years. The Financial District accounts for 42 million square feet of office space. Office vacancy rates have fallen to less than 10 percent since a peak of 13 percent in 2011.

Office vacancy is currently at 9.9% in Boston, compared to 16.9% nationwide. Asking rent for office space is $52/sqft in Boston, compared to $36/sqft nationwide.

Boston has added almost 26,000 jobs in information, finance/insurance, professional and technical services, and management since 2001. Reebok, New Balance, and Amazon are among the companies that have opened or are soon to open new offices in the city.

2018 surpassed the record set by 2017 in office square footage approved, with 3.8 million square feet set to be built.

Industrial space in Boston has declined 18 ercent since 1998. Industrial space in 1998 totaled 30.3 million square feet; inventory in 2018 totaled 24.8 million square feet. The Roxbury/Dorchester submarket has the largest inventory in Boston at 9.1 million SF.

Average industrial rent has increased 22 percent since 2011. The Brighton/Fenway submarket has the highest industrial rents in Boston, at $25 per square foot. Citywide vacancy rates have increased slightly since 2016 but are almost half the rate in 2005.

Since the recession, 2.7 million industrial square feet has been approved.

Universities and hospitals bring in billions of research dollars to the city’s economy. There are 21 in-patient hospitals with 6,021 beds as of 2017; 25 neighborhood health clinics. Most NIH funding of any U.S. city for 23 consecutive years, totaling $1.97 billion in 2017.

Employment in Boston hospitals has increased by 50% since 2001. College and university employment has increased by 36% over the same time period.

Student enrollment in Boston has grown 21 percent since 2004. There were 161,399 full and part time students enrolled in the city’s universities and colleges in 2016. In 2016: 1,106 dorm beds permitted, 624 beds added to existing stock, and 2,536 beds under construction or soon to be constructed.

Suffolk County received $8.8 billion in domestic travel expenditures (half of Massachusetts’s total) in 2016. The Greater Boston Convention & Visitors Bureau projects visitors to Greater Boston to increase from 21.2 M in 2017 to 22.7 M in 2019.

As of March 2018, Boston had 85 licensed hotels, totaling 21,000 rooms. Average daily rate (a measure of average rental income per paid occupied room in a given year) has grown 20% since 2005.

Weekly average wages for Boston workers in the construction industry grew at an average annual rate of 0.9% between 2001 and 2017, compared to 0.7% for all industries. Rising wages and employment reflect the high demand for construction labor.

Click here to view the full report.

from boston condos ford realtor https://bostonrealestatetimes.com/all-boston-development-trends-and-numbers-you-need-to-know-at-a-glance-bpda-report/

#boston #condos #boston condos #boston luxury condo #boston condominium #boston rentals #boston condo

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desleutelbloem · 7 years ago

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CHRIS WILLE: A staggering amount of data, analytics in real estate world

The legion of data sources covering the real estate market regularly publish reams of sometimes overlapping trend reports, sales figures, economic analytics, commercial forecasts — all crammed with statistics delineated in pie charts, bar graphs and comparison indexes.

These dense reports come fast and furious — annually, quarterly, monthly and whenever insights surface. This is all great stuff for real estate insiders, investors, market watchers and others.

Here are highlights from this week’s stack of diverse documents.

ATTOM Data Solutions

Last quarter was a good one to sell a house. Home sellers enjoyed a banner fourth quarter in 2017 with an average profit of $54,000 over the purchase price — reaching the highest mark since the third quarter of 2007, according to ATTOM, the curator of the nation’s largest multi-sourced property database.

That profit represents an average 29.7 percent return on investment compared to the original purchase price, the company reported today in its Year-End and Q4 2017 U.S. Home Sales Report. That’s also up by almost three percentage points from the fourth quarter of 2016.

Oddly enough, the increase in sales profits and home appreciation did not encourage a rush to market as the average homeownership tenure rose to a new record of 8.18 years in 2017′s fourth quarter.

“It’s the most profitable time to sell a home in more than 10 years yet homeowners are staying put longer than we’ve ever seen,” Daren Blomquist, ATTOM senior vice president, said in the report.

Among the 155 metropolitan statistical areas with enough historical data, the North Port-Sarasota-Bradenton MSA ranked 51st in the year-over-year increase in the median sales price with a 6.6 percent rise to $236,325. Ocala took top place with a 14.3 percent jump, to $128,000.

In other significant statistics, over the past five years the Sarasota-Manatee median home sale price soared by 63 percent. This MSA’s peak median price reached $257,500 in 2006, but plunged to its lowest mark in 2011 — at $130,000.

Nationally, conservative political leanings and the residential real estate market appear to have something of a symbiotic relationship today. Big cities in red states recorded the strongest home price appreciation last year, ATTOM reported.

“While home sellers on the West Coast are realizing the biggest profits,” Blomquist said, “rapid home price appreciation in red state markets is rivaling that of the high-flying coastal markets and producing sizable profits for home sellers in those middle-American markets as well.”

In the red-hot red state housing markets, four of the five major metros (population 1 million or more) with the strongest home price appreciation since the bottom of the housing market in 2012 were in politically red states that President Trump won in the 2016 election: Detroit (up 127.8 percent); Atlanta (up 90.0 percent); Miami (up 88.5 percent); and Austin, Texas (up 88.2 percent). The lone blue state market in that top five was Las Vegas (up 100.0 percent).

Three of the top five major metros with the strongest year-over-year home price appreciation in 2017 were in politically red states: Kansas City (up 13.4 percent), Nashville (up 12.5 percent), and Salt Lake City (up 10.9 percent). The other two cities in the top five were San Jose (up 13.3 percent); and Las Vegas (up 12.3 percent).

S&P CoreLogic Case-Shiller

Home prices across the country increased by a slim margin in November, rising 6.2 percent compared with October’s 6.1 percent. But Standard & Poor’s also reported that its S&P CoreLogic Case-Shiller national home price index has logged year-over-year increases of 5 percent or more for 16 months.

Tampa, one of the 20 major metropolitan areas broken out in a composite index, saw home prices rise 1.0 percent in November, reaching a 7.1 percent increase over the prior year. That ranks as the fifth highest price gain among those cities.

“Home prices continue to rise three times faster than the rate of inflation,” says David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices. “Given slow population and income growth since the financial crisis, demand is not the primary factor in rising home prices.”

Construction costs rebounded after the financial crisis, he said, but that does not explain all of the home price gains. For the past eight years, construction of single family homes slowed. “Without more supply, home prices may continue to substantially outpace inflation,” Blitzer said.

Reis Inc.

Reis, which maintains a commercial property database and provides market analytics and research, this week published First Glance reports that preview 2017′s fourth-quarter trends and findings across the apartment, office, retail and industrial sectors, and for construction activity. These insights and projections come from various Reis economists.

Retail: The sector continued to withstand the closings of a number of stores in the fourth quarter. Expanding retailers absorbed space to balance the closing stores, keeping the neighborhood and community shopping center vacancy rate flat at 10.0 percent at the end of 2017.

Most of the year-end same-store sales announcements from major retailers were positive and above expectations. In short, the sales and employment numbers reinforce the property market statistics that defy the doom-and-gloom reports in the media on the retail sector. More retailers are expanding into retail spaces than are closing shop. All indications are that this will continue.

Industrial: Every market indicator that impacts the industrial sector saw robust growth at the end of 2017. Indications reinforce the sentiment that the industrial sector is poised for further growth in 2018.

The biggest driver for this sector may be improved economies in Asia and Europe that will continue to drive up trade. The recent tax bill will also boost the economy in the short run as it delivers higher retained profits for many companies and improve consumer confidence that should register in increased retail/e-commerce sales in 2018-2019.

Construction: While declines in new project completions were observed in all three major sectors, the implied conclusions vary by each sector’s long-run trend. Despite the decline from the previous quarter, the apartment sector has remained strong since the Great Recession, while the office sector has remained flat and the retail sector has continued to dip lower. Despite these long-run trends, submarket fundamentals remain key to understanding the economic impacts from external factor changes.

Apartment: While headwinds from high supply growth — historic highs for several markets — continue to act as a drag on multifamily fundamentals, there is no evidence that demand for apartment rentals has declined in any significant way. There are some positive signs from the for-sale single-family housing market, but it doesn’t appear that renters are converting into buyers in droves. Rosier projections for economic growth in 2018 should support demand for apartment rentals.

Office: Given lackluster demand, we may see vacancies rise even more over the next two years unless office leasing really picks up. Businesses may feel renewed confidence as the recently

passed Tax Bill should return more profits to businesses’ bottom lines. This could foster more robust leasing activity. If this happens, rent growth will likely increase as well, but given typical timings of when leases are signed, we may not see any impact on office fundamentals until late 2018 or so.

CoreLogic

This real estate research firm produces monthly MarketPulse reports that focus on housing and mortgage metrics. One analysis in the January edition indicates the challenges prospective homebuyers face with mortgages and affordability.

Research analyst Andrew LePage shows the 6.3 percent rise in home prices in 2017 only addresses one factor in affordability as the typical mortgage payment jumped 12.1 percent as home loan rates rose by more than 0.4 percent over the year.

The “typical mortgage payment” is defined as a measurement of the impact of inflation, mortgages rates and home prices on affordability. The monthly loan payment is calculated on each month’s median home price and Freddie Mac’s average rate on a 30-year fixed mortgage.

That typical mortgage payment reached a record high in June 2006 at $1,259 and sank to its lowest level in February 2012 at $550. The October 2017 payment rose to $803 and is projected to hit $891 in October 2018 as mortgage rates and home prices increase.

“We expect a 5 percent increase in housing starts in 2018,” LePage writes. “While this will help, we need an even larger increase in home building to alleviate the erosion of affordability, especially in high-cost areas.”

Our take on a possible solution to the affordability crisis: Income levels need to rise.

Source Article

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centiplex · 7 years ago

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Recognizing Women CEOs in Tech

Last month, The SaaS Report released its annual report on the top 50 SaaS CEOs. Sadly, out of the 50 CEOs on the list, only one woman was included. Let's give The SaaS Report the benefit of the doubt; I don’t think women were intentionally left off of the list. The methodology for how CEOs were selected included “five primary factors – company growth, work culture, product technology, financial performance, and professional experience. Research was conducted using a broad set of data including information from reported financials (where available), company press releases, Glassdoor, LinkedIn, and other sources.” While it should be argued that reported financials (where available), company press releases and “other sources” are unreliable data points, these metrics nevertheless reflect the overall trend of women being underrepresented as CEOs. From a 2016 report from Weber Shandwick, only 5 percent of Fortune 1000 companies are run by female CEOs, and just 8 percent of companies worldwide with a revenue stream of at least $500 million have a female CEO. Adding to the problem is the lack of attention other executives have to the issue at hand: “The executives in our study, irrespective of gender, seem largely unaware of how few women have actually risen to the top. When asked to estimate how many large companies around the world have female CEOs, the average respondent’s estimate is 23%.” As champions of women in tech here at G2 Crowd, we decided to put together a list of women CEOs at B2B software companies. Here are 21 women CEOs making an impact on B2B— Ginni Rometty, IBM | Rometty was named the successor to CEO role at IBM in 2011, and in 2012 added the role of chairman to her resume. She has helped IBM become an AI leader with her commitment to IBM Watson. Meg Whitman, Hewlett Packard Enterprise | Whitman was named CEO of Hewlett Packard in 2011. Since then, the company has split into two separate entities: HP for printers and PCs; and HPE selling hardware, software and IT services. She’s also been cited by the New York Times as a potential candidate to become first female U.S. President and was speculated by many to be a top candidate for the recently filled Uber CEO role. Safra Catz, Oracle | Unlike most enterprise CEOs, Catz climbed the ladder internally at Oracle. Starting in 1999 as a Senior VP, she also spent time as the company’s CFO before becoming the CEO in 2008. She’s overseen Oracle’s massive cloud revenue growth, up 60 percent in the past year, and led big-name acquisitions of SaaS products such as NetSuite and Bronto. Tracy Young, PlanGrid | PlanGrid is a cloud construction management software suite cofounded by Young in 2011. Since that time, she has acted as the company’s CEO and helped raise over $59 million in funding. Her company is also one of only two construction management products on G2 Crowd with 10-plus reviews at 31. Kristine Steuart - Allocadia | Steuart is not only the CEO of Allocadia, but cofounded the company in 2010 along with her twin sister Katherine Berry. In that time she has led Allocadia as one of the leading marketing resource management platforms; it has the second-most reviews of any MRM tool on G2 Crowd. She has also helped the company raise $30 million in funding through three separate rounds. Julia Hartz - Eventbrite | The lone woman on The SaaS Report’s list, Hartz was one of the original three founders of Eventbrite in 2006. With Hartz at the helm, Eventbrite has joined the unicorn club, generated over $3 billion in ticket sales and solidified as the go-to and highest marketing share event registering and ticketing platform. Even with the company growing to over 500 employees,, Hartz has managed to keep great company culture, with Eventbrite being named The Best Place to Work in the San Francisco Bay Area five times. Krista LaRiviere - gShift | LaRiviere is the current CEO of the SEO tool gShift. Since founding the company, she has led big-name acquisitions such as SiteCondor and has helped gShift earn High Performer status in G2 Crowd’s Spring 2017 SEO Grid® Report with a high user satisfaction score. LaRiviere isn’t new to the software space either, having founded two previous software companies that both made successful exits. Danielle Morrill - Mattermark | Formerly the Head of Marketing at the now-unicorn company Twilio, Morrill founded the online referral startup Referly. Shortly after, she closed down Referly to cofound Mattermark, a sales intelligence platform. Morrill also founded XFactor Ventures, a preseed microfund for startups with female founders. She also works with 500 Startups as a mentor, where she led a Series A funding round for Looksharp (acquired by WayUp earlier this year). Nicole Eagan - Darktrace | Named Woman of the Year at the 2016 Cyber Security Awards, Eagan has served as the Darktrace CEO since 2014. In her time at the cybersecurity and vulnerability management company, she has secured the company's $65 million Series C and $75 million Series D funding rounds and led the company to an increase in revenue of 500 percent year on year. Her company now knocks on the door of the elusive unicorn club, with a recent $825 million evaluation. Stacy Brown-Philpot - TaskRabbit | Brown-Philpot is one of the busiest women in tech. While she leads TaskRabbit as a top on-demand staffing platform, she also sits on the board at the Stanford Graduate School of Business and is the Board Director at Nordstrom and Hewlett-Packard. Currently Brown-Philpot is looking into certain exit opportunities for TaskRabbit, which she confirmed earlier this year. Liz Wessel - WayUp | Wessel has led her job board for college students company WayUp to become a major player in the space, despite only being founded in 2014. Working as the company’s CEO, she has helped WayUp secure $28 million in funding and acquire key competitor Looksharp (which was funded by Danielle Morrill, previously on this list). Wessel has also been recognized in Forbes’ 30 Under 30 and in Business Insider’s 18 Coolest Women in Silicon Valley. Sarah Nahm - Lever | Nahm founded Lever, an applicant tracking system, in 2012 and has acted as the CEO since 2014. Before founding Lever, Nahm worked at Google as the speechwriter for Marissa Mayer. An advocate of diversity in the workplace, she has published articles in some of the country’s biggest publications including Newsweek, Huffington Post and USA Today. Bonnie Crater - Full Circle Insights | Crater has been in the software game for a long time, having spent time at Realization, VoiceObjects, Oracle, Genesys, Netscape, Salesforce, Stratify and a handful of other SaaS companies. Now the CEO at the marketing attribution company Full Circle Insights, Crater has also taken an outspoken stance against President Trump and is organizing women’s marches. Jennifer Tejada - PagerDuty | Tejada is another veteran in the software world. Previously the CEO and President of Keynote Systems, she helped lead the company exit for in a $150 million acqusition. She now sits on the board of Puppet Labs and is the CEO of the incident management and resolutionplatform PagerDuty, where she has helped the company raise $84 million in funding. Tejada has the company refining their focus on AI and machine learning and keeps charity at the top of PagerDuty’s culture, recently committing to pledge 1 percent. Deepa Subramanian - Wootric | A graduate of Berkeley and Harvard Law School, Subramanian cofounded Wootric in 2013 and has acted as the CEO since. Wootric, an enterprise feedback management platform, manages to not only compete with bigger names in their space such as Qualtrics and Medalliadespite have much less venture capital, the company has better user satisfaction ratings across the board. She also keeps her company’s values at the top of her mind by publishing why her company makes time for their values. Laura Bilazarian - Teamable | Bilazarian cofounded Teamable in 2013 and works as the CEO and Chief People Officer of the company. She’s helped the recruitment marketing tool recently raise a $5 million Series A while still working as a partner for HIVE, a nonprofit accelerator and seed fund for Armenian startups. Laura Behrens Wu - Shippo | After finishing her undergrad, Wu founded the E-Commerce tool Shippo in 2013 before she even received her MBA from Switzerland’s University of St. Gallen in 2014. She led an initial seed fund of $2 million in 2014 and a $7 million Series A in 2016, and recently was named to Forbes’ Millionaire Fast Track: 27 CEOs Under 27. Promise Phelon - Tapinfluence | Phelon is yet another SaaS veteran on our list. She cofounded and acted as CEO of the enterprise talent management platform UpMo for five years, worked as the CRO for the applicant tracking system software Resumator (now JazzHR) and now acts as the CEO for the well-funded influencer marketing platform TapInfluence. Outside of TapInfluence, Phelon also acts as a mentor for Techstars. Stephanie Newby - Crimson Hexagon | Newby has acted as the CEO of the social media analytics platform Crimson Hexagon since 2012, where she has helped the company raise over $25 million. She’s emerged as one of the biggest thought leaders in social media and routinely publishes articles on social media trends, while also investing in the AI revolution. She currently sits on the board for Amec Foster Wheeler, and previously has acted as a managing or board director for Golden Seeds, RiskMetrics, Dove and JP Morgan. Therese Tucker - BlackLine | Tucker founded the financial close platform BlackLine back in 2001 and has acted as the CEO since. She led BlackLine to huge success, with a $220 million funding round in 2013 and an IPO in 2016. Initially having an IPO price of $17/ a share, the company found huge success on the market. Before her wildly successful career at BlackLine, Tucker worked as the CTO of Sunguard. Mathilde Collin - Front | Collin has acted as the CEO of Front App, a structure collaboration tool, since she cofounded the company in 2013. She’s helped lead over $13 million in funding, including a $10 million Series A in 2016. Collin is one of the youngest CEOs on our list; after graduating with her master’s in 2012, she began working as a project manager for a software company and founded Front just a year later. Click to Post

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