https://www.scmp.com/news/china/money-wealth/article/3016074/unimpeachable-study-calls-foreign-ownership-primary-culprit It has long been knows that buyers from China and Hong Kong have been driving up real estate prices in Vancouver BC. The authors of this article found an almost perfect correlation between foreign ownership and price to income Read more…
Author: malhotraspokane
There are some great tips in this article from Bigger Pockets: https://www.biggerpockets.com/blog/7-tips-offer-accepted-hot-market
This article provides some real estate predictions for 2020 and beyond. The article explains that, despite the recession, high unemployment, and increased bankruptcies, that real estate values are rising nationwide. This is because of low supply and because of unprecedented Read more…
Many states and local jurisdictions have imposed eviction prohibitions on landlords. In some locations, landlords cannot evict even if the tenant was far behind on rent before the COVID lockdowns and has an income as an essential worker. In some Read more…
https://www.recenter.tamu.edu/news/newstalk-texas/… This article lists the best cities for millennials during the pandemic. It provides some real estate predictions for 2020 and 2021, in that millennials are a large part of new buyers in the housing market. In the largest 100 Read more…
Freddie Mac has released its quarterly real estate predictions for 2020 and 2021. They are predicting real estate will appreciate (nationwide) about 0.4% in 2020 and 0.7% in 2021. In other words, basically flat. Nobody has a crystal ball and Read more…
Las Vegas is now open for business again. But how quickly will tourists returned to smoke filled gambling halls? Fewer tourists mean less demand for restaurants and casinos. Demand for housing in Las Vegas is currently strong, but how long Read more…
The following article makes some real estate predictions for 2020 for Spokane. https://www.spokesman.com/stories/2020/may/31/will-the-spokane-housing-market-weather-the-storm-/ Nationwide, COVID-19 has affected housing markets due to economic uncertainty. In Spokane, more contracts are failing to close. Some buyers have lost their jobs, and lenders are Read more…
An ‘Avalanche of Evictions’ Could Be Bearing Down on America’s Renters according to the article below. The economic downturn is shaping up to be particularly devastating for renters, according to the New York Times. Nearly a quarter of respondents to Read more…
https://www.bloomberg.com/news/features/2020-05-28/coronavirus-lockdown-crushed-economies-jobs-energy-and-shops This article provides several graphs illustrating how deeply the coronavirus induced lockdown has crushed economies around the world. We can use this to predict real estate values in 2020 or 2021, at least for properties that don’t have positive Read more…
https://www.marketwatch.com/story/vacation-real-estate-markets-are-toast-because-of-the-pandemic-as-airbnb-owners-rush-to-offload-their-homes-redfin-ceo-says-2020-05-11 The above article indicates that vacation real estate markets are “toast,” according to the CEO of Redfin. Vacation rentals certainly haven’t been rented out during the shut-down caused by COVID-19. Vacation rentals often require high short term rents in Read more…
https://www.dailymail.co.uk/news/article-8315081/Coronavirus-UK-Homes-flood-market-desperate-owners-battle-sell.html The above article indicates that homes are flooding the market in the UK. This information can be used to make real estate predictions for 2020 that are unfavorable, at least in the UK. Their market is not necessarily the Read more…
https://therealdeal.com/2020/05/18/mystery-investor-dumps-big-stake-in-real-estate-fund/ An unknown institution dumped more than 10.5 million shares of an exchanged-traded fund that tracks the S&P 500’s real estate sector last week, according to the above article. That many shares represents 7.4 percent of outstanding shares of the Read more…
https://jurock.com/2020/03/24/oz-buzz-43-2020-what-a-world-we-live-in/ The above article has some real estate predictions for 2020. The author gives reasons why real estate will not crash too badly.