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 Omri Barzilay via TechCrunch
The real estate rental market is a highly localized, relationship-based industry driven largely by individuals living and working in their own cities, causing many to acknowledge the longstanding difficulty of streamlining disruption to this market.
In recent years, however, that hasn’t stopped a multitude of innovators from seeking novel ways to improve the process’s efficiency.
Since the start of 2015, Middle Eastern investors have ramped up their activity in New York City’s commercial real estate market. Middle Eastern investors pumped $6.5 billion into New York City in the past 18 months ending in June, Bloomberg reported. New York City greatly outpaced Los Angeles, which saw an infusion of $999 million during that time period, and Washington D.C., which saw $861 million in CRE investments. Those cities were followed by Atlanta and Miami, which respectively had $852 million and $517 million in investments.
Searching for an apartment online has long been limited to plugging in what you can afford and where you think you might want to live and then sifting through dozens of listings. But what if you don’t have a neighborhood in mind? In a city as large as New York, there are probably neighborhoods you’ve never heard of. And even a place you think you know can change character within just a few blocks.
The biggest real estate project proposed in August was a pair of affordable apartment buildings in East New York. Arker Companies, one of the city’s most active affordable housing developers, filed plans for apartment buildings at 911 Erskine Street and 11629 Seaview Avenue, which would collectively span 313,334 square feet. That makes this project the month’s largest proposed project, according to The Real Deal‘s analysis of Department of Buildings filings. Arker’s project was followed by BD Hotels’ plans for a site in Hell’s Kitchen, where the Richard Born-led company plans to build a 281,347-square-foot mixed-use building.
By via Patch
The city’s real estate market really is as bad as you think it is, according to two new studies released on Tuesday. The first, from WalletHub, ranked the top 300 real estate markets in 2016. Of the 300 markets in the United States, New York City lagged way toward the back at No. 242. WalletHub studied each of the markets for the average number of days a house remains unsold, percentage of homes selling for a gain, foreclosure rate and vacancy rate, among 11 different factors.
Did you like these articles? What were your favorite articles this week?