5-Must-Read Real Estate Articles Of The Past Week

5-Must-Read Real Estate Articles Of The Past Week

There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.

So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:

Real estate’s ticking bomb: Who gets hurt

By Diana Olick via CNBC

Screen Shot 2016-03-11 at 8.44.55 AM Commercial real estate had a banner year in 2015, and the fundamentals of high demand and low vacancies are still driving rents higher. There is, however, a catch that could cool the market quickly, at least when it comes to financing. Investors are insisting on high yield, and the bonds backing commercial mortgages are not giving them that, so they are moving on to other products, leaving a big crack in commercial financing.

Foreign demand for US real estate is waning: experts

By Ariel Stulberg via The Real Deal

Screen Shot 2016-03-11 at 9.12.30 AMReal estate buyers from countries such as China, Russia, Canada and Brazil have poured hundreds of millions of dollars into New York real estate over the last few years, but evidence is mounting that that flow is slowing down.Foreign demand for U.S. properties is set to diminish, under pressure from high prices and a strong dollar, according to the National Association of Realtors, the Wall Street Journal reported.
Prices for high-end properties have risen steadily since around 2012 when the real estate market hit bottom, recently rising to record highs, partly fueled by the influx of foreign investment.

Houston, We Have A Problem:
How Dwindling Oil Prices Hurt Houston’s Commercial Real Estate Market

By Ely Razin via Forbes

Screen Shot 2016-03-11 at 8.51.49 AM

The low price of gas at the pump may be making American drivers happy, but the plummeting price of crude ‒ which slid more than 70% since June 2014 ‒ has been bad news for oil industry hotspots like Houston, where the energy industry downturn has had a significant impact on the local economy and commercial real estate, particularly the office sector.  The plunge has led office vacancies in the so-called Energy Capital of the World to more than double from the final quarter of 2014 to the end of last year, leaving some 8 million square feet of space available as office-leasing activity declined more than 50%, according to Colliers. Most of that space had previously been leased to energy companies.

Top 10 biggest real estate projects coming to NYC

By Ariel Stulberg via The Real Deal

Screen Shot 2016-03-11 at 8.56.35 AMFebruary’s largest building permits were dominated by residential and office buildings in Queens, Harlem and the Bronx, along with a handful of industrial and retail projects, also concentrated in the outer boroughs. The new plans were big, making up for a lackluster, post-421a January, with all but one exceeding 100,000 square feet, and Chris Xu’s 79-story, 778,000-square-foot Long Island residential tower setting a high water mark, according to data from PropertyShark. Not a single Brooklyn project made the top 10, in a break from a long-established pattern.

New York Homes Under $500,000

By C. J. Hughes via The New York Times

Screen Shot 2016-03-11 at 9.07.48 AMFew would dispute the notion that apartments have become over-the-top expensive for many New Yorkers. But just how very far out of reach can still be surprising. The median price of a studio, long considered an entry-level apartment, in Manhattan is now $485,000, according to the Corcoran Group. If that price does not make your hair stand on end, consider that in the coveted submarket of Downtown Manhattan, the median price of a resale condo studio hit $863,000 in the last quarter of 2015.

Did you like these articles? What were your favorite articles this week?

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