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 Kathryn Vasel via CNN Money
Depressed oil prices are becoming a real drag on some housing markets.
On a national level, homes are moving off the market faster than in 2015, according to a Trulia report analyzing the 100 largest U.S. metro areas. But in oil-heavy housing markets, the “for sale” signs are staying up longer than they used to. The prolonged drop in oil prices has hit Houston’s housing market the hardest, with around 66% of homes still on the market after 30 days in April compared to 50% last year.
Some hot global property markets may be showing signs of cooling off, but that hasn’t dissuaded Dubai’s Emaar Properties. This week, the company launched a stunning showcase of its latest luxury project at upmarket London department store Harrods. The event comes amid tough times for the city state’s property market. Real estate services company, Jones Lang LaSalle (JLL), claims villa and apartment prices have fallen by 11 percent and 10 percent respectively in the past year, with hotel rates also heading south.
By Julekha Dash via Bisnow
With swanky new apartments, town centers and mixed-use developments, Baltimore County’s real estate outlook is undergoing massive changes. Atapco Properties purchased two adjacent Timonium office buildings in December from Corporate Office Properties Trust for $44.5M. Located on Padonia and Deereco roads, the fully leased buildings count PayPal and Tessco as their largest tenants, says Atapco president Kevin McAndrews. The Baltimore real estate firm plans to enhance the buildings and add more office space to retain the tenants. Kevin says he can’t elaborate as discussions are ongoing and confidential.
By Klaus E. Meyer via Forbes
In the recent wave of Chinese investors going global, it is remarkable how much goes into real estate and other businesses that have a large element of fixed assets. These investments reveal a lot about the forces driving the spread of Chinese capital. Take London for example, which claims to attract more Chinese investors than any other city worldwide. A closer look reveals a string of major acquisition deals that are not takeovers of companies but takeovers of commercial property
By Ariel Stulberg and Will Parker via The Real Deal
Is Brooklyn still the new Manhattan, or is that just Manhattan now? New Yorkers endlessly debate the relative merits of our two most famous boroughs, and no amount of data can ever settle which is “better.” But there’s no denying that Brooklyn’s place in the city’s – and the world’s – imagination has grown mightily in recent decades.
Did you like these articles? What were your favorite articles this week?