Let’s start with some highlights from a recent Coldwell Banker Commercial blog titled “Do Company Priorities Align with Workers’ Shifting Values?” “For many people, the mandatory hiatus from in-person work triggered a re-evaluation of the type of work they want to do and where they want to do it,” the blog stated. “Some have embraced […]
There’s clear evidence growth in commercial real estate activity in the United States is starting to slow. A recent report from the National Association of Realtors written by Nadia Evangelou, senior economist and director of forecasting, detailed the situation: “After the strong rebound for the U.S. economy in 2021, growth in 2022 has slowed in […]
Since the 2022 holiday season is nearly upon us, I wanted to share an excerpt from a recent news release from the International Council of Shopping Centers about expectations for spending. “Shoppers expect to increase their spending in the 2022 holiday season by 6.7 percent, driven by an increased focus on deals and promotions, an […]
There’s high inflation, rising borrowing costs and economic uncertainty. So what’s next for real estate? Let’s start with the latest Federal Open Market Committee statement from the Federal Reserve: “Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation […]
The real estate market in Grand Junction started to slow in the second quarter primarily due to the recent increase in interest rates. Over the past few months, interest rates on residential and commercial loans have increased from the 3 percent to 4 percent range to the 5 percent to 6 percent range. Rates are […]
With interest rates rising and expected to keep rising for the near future, expect commercial real estate capitalization rates to rise as well. According to a recent report from a National Association of Realtors (NAR) research economist, however, the rise will be modest. Capitalization rates and prices work inversely — commercial property prices generally […]
Consumers are becoming more and more comfortable using virtual currencies for making purchases — including residential and commercial real estate. The United States Internal Revenue Service describes virtual currencies as digital representations of the U.S. dollar or foreign currencies that function as a unit of account, store of value and medium of exchange. Some virtual […]
Can you buy a vacation home in a 1031 exchange? The short answer is yes. It’s possible under certain circumstances to sell your investment real estate and buy a vacation home with a tax-deferred Internal Revenue Code Section 1031 exchange. This means you can sell your dwelling unit — defined as “real property improved […]
What’s the outlook for the economy and commercial real estate in 2022? Let’s start with some information about the economy. The cost of everything seems to be rising quickly. The U.S. Bureau of Labor Statistics confirmed that in its latest numbers for the Consumer Price Index. The index has increased 6.8 percent compared to a […]
Zillow has suffered a really big hiccup in its business. It’s stock value has dropped 70 percent since earlier in the year as the company lost more than $500 million. In addition, Zillow is expected to lay off a quarter of its work force as it shuts down the Zilllow Offers segment of its operations. […]