The real estate industry has periodic ups and downs. However, the current market is facing a number of unprecedented challenges. Rising interest rates have made sales difficult or even impossible in some instances. Furthermore, they have led to the collapse of some banks and caused many others to limit credit options for investors and potential
It’s no secret that a growing number of people and companies are choosing remote work arrangements. The percentage of people working from home grew from 9 million in 2019 to 27.6 million in 2021. What’s more, experts believe there will be over 36 million American remote workers by 2025. Naturally, this is taking a huge
In May 2023, commercial real estate prices fell for the first time in twelve years. What’s more, Moody Analytics’ chief economist Mark Zandi is predicting that, by the time mid-2020s, prices will plunge 10% lower than their peak in the mid-2010s. This isn’t welcome news to most commercial real estate investors. However, some experts note
There is no doubt that the real estate market is in for a turbulent time. Mortgage applications have dropped to a 28-year low, Columbia Property Trust Inc. has defaulted on $1.7 billion in loans, and Business Insider is warning that Americans have yet to feel the full impact of the FED’s continual rate hikes in
Measure ULA, commonly known as the “Mansion Tax,” would impose a new “Homelessness and Housing Solutions Tax” on transfers of residential and commercial real property in Los Angeles valued in excess of $5 million. The new law is slated to come into effect on April 1, 2023. What does this mean for you? A tax of 4
