The U.S. is facing a warehouse shortage, with 1 billion square feet of new industrial space needed by 2025 to keep up with demand, according to commercial real estate services company JLL. More e-commerce activity and faster delivery is driving up demand and shifting local economies, like in the Lehigh Valley region of Pennsylvania. Now,
NBC News’ Tom Llamas is joined by real estate broker and reality TV star Fredrik Eklund to break down the cause of a possible housing market slowdown, in addition to opportune places for investors to buy. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of
Daniel Acker | Bloomberg | Getty Images More home sellers are dropping their asking prices as rising mortgage interest rates and inflation have slowed down competition in the housing market. Some cities are seeing more price cuts than others. Boise, Idaho, took the lead in June, with 61.5% of sellers cutting their asking prices, according
The average rental price in Manhattan has topped $5,000 for the first time in Big Apple history, according to a jaw-dropping June market report compiled by Douglas Elliman and Miller Samuel. Specifically, the study tallied an average Manhattan rent of $5,058 per month, which alone would set a city tenant back nearly $61,000 a year.
A Chelsea Tower rental apartments billboard. Jeff Greenberg | Getty Images The average monthly rent for a Manhattan apartment surpassed $5,000 for the first time — and brokers say demand and prices are headed even higher into the fall. The average apartment rent in June was $5,058, the highest on record, according to a report
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Is the Vermont real estate market going to crash? Are Vermont home prices going to go down? Is it a good time to buy a house in Vermont? Is it a good time to sell a house in Vermont? How hot is the Vermont housing market? Are interest rates going to keep rising? Those are
The cost of a home in San Francisco is rebounding, but in other parts of the Bay Area, real estate prices are still struggling to recover. Jeff Tucker, senior economist with Zillow, breaks down the market shifts. Stay connected: Follow us on Twitter: http://www.twitter.com/nbcbayarea Like us on Facebook: http://www.facebook.com/nbcbayarea Follow us on Instagram: http://www.instagram.com/nbcbayarea Follow
A “For Sale” sign in Crockett, California, on Tuesday, June 14, 2022. David Paul Morris | Bloomberg | Getty Images As consumers worry more about inflation, fewer are buying homes — and if they are, they’re buying less expensive homes. Mortgage demand fell last week compared with the previous week, and the average loan size
This Florida residence is decadent, but the add-ons it comes with are on another level entirely. This $22.5 million home in the Miami luxury tower Turnberry Ocean Club Residences offers 6,225 square feet of space, including a 1,300-square-foot terrace — and exclusive memberships to a private marina, an airport and two championship golf courses. Designed
Saul Loeb | AFP | Getty Images If you’re a prospective homebuyer who is having second thoughts, you’re not alone. About 15% of all home contracts fell through in June, marking the highest share of cancellations since March 2020 — the start of the pandemic — when it was 17.6%, according to real estate brokerage
Private Lenders Interest Rates The beauty of private money is that there are no hard and fast rules. However, that can make it difficult to make an offer with a private money lender. In this installment of our Private Money Series, I’ll share four different ways to structure a private money loan, and how to