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:
By Konrad Putzier via The Real Deal
Over the past few years, as New York’s commercial real estate market kept trying to outdo itself, CMBS lenders provided a big portion of the money fuelling the boom. But in early 2016, new commercial mortgage-backed securities have largely retreated from Manhattan, leaving property investors with fewer financing options and further spooking an already nervous market.
Manhattan CMBS issuance has been declining since mid-2015, after a strong start to that year and hit a two-year low of $40 million in January before recovering slightly in February, according to CMBS research firm Trepp. Uncertainty in global bond markets was the main reason for the slump.
Investors who feel they’ve been booted out of the U.S. real estate market (and the rest of the developed world for that matter) may want to consider doing the cha cha cha in Latin America.
Exchange-traded fund industry newcomer Tierra Funds believes Latin America is the new hot spot for real estate investors.
Tierra Funds rolled out the first ETF investing solely in real estate investment trusts (REITs) and real estate operating companies (REOCs) in that region. Tierra XP Latin America Real Estate ETF (LARE) debuted in December with about $2 million in assets
By Aili McConnon via The Wall Street Journal
A new generation of technology-focused startups are charging into real-estate brokerage, rolling out an array of mobile services in hopes of grabbing a piece of the red-hot U.S. apartment market. Companies such as Padspin Inc., RadPad Inc. and Zumper Inc., all launched in the past four years, are offering new tools for prospective tenants to find apartments, often connecting them directly with landlords and cutting brokers and agents out of the process.
Many of the services zoom in on common renter frustrations, from high broker fees and mispriced or invalid online listings to “bait and switch” advertisements for one apartment that are actually peddling another.The target audiences: tech-savvy millennials eager to ease the financial sting of renting an apartment, as well as landlords looking for qualified tenants.
via The New York Times
Bushwick, Brooklyn, is over. Ridgewood, Queens, had its hipster moment.
Townhouses have been selling for more than $1 million in Crown Heights, Brooklyn, for some time. And investors are beating a path to the South Bronx and Staten Island.
In New York City real estate, the quest for the next hot neighborhood never ends. But spotting an area that is on the rise before it becomes the next big thing is no easy call. The arrival of a farm-to-table restaurant doesn’t guarantee the neighborhood has turned the corner. Nor can buyer interest change a blighted area overnight. “Just because gentrification is happening doesn’t mean crime drops precipitously,” said Jonathan J. Miller, the president of the appraisal firm Miller Samuel. “It’s a process.”
By Neil Howe via Forbes
After months of optimism, commercial real estate (CRE) forecasters have come back down to earth, with Morgan Stanley predicting no growth whatsoever in commercial property prices this year. The tonal shift is warranted: While rents and prices are soaring in urban areas, CRE is stagnating or even declining in terms of new investment and in most non-urban sectors.
In many ways, the trends we’re seeing today are the culmination of nearly two decades of generationally driven migration patterns. Although Boomer youth eschewed cities in favor of rural living, Millennials want to live and work in urban areas—a shift that is triggering a highly focused boomlet that has left most of the rest of CRE untouched.
Did you like these articles? What were your favorite articles this week?