The COVID-19 pandemic ended years of healthy multifamily fundamentals. Will the industry’s pain be short-lived or the start of a new trend that is less favorable for the sector? After nearly a decade of solid growth, multifamily asking rents dropped 0.4% nationally in April and May, with twice as...
The truth about the markets is still out there if you know where to look. Sadly, one of the most significant trends of 2020 will likely fall by the wayside for most people. It will not be discussed on the evening news, and it will not be the subject of dinner-table conversations in the average...
Don't overlook the smaller, lower-cost items that can add interest and value to your renovation. The purpose of all home renovations is to add value to a property—while adhering to some form of a budget. That’s even more true with investment related to renovations. Adding value within a budget...
Is the COVID-19 pandemic beginning to have an impact on commercial real estate? First quarter sales data from First American DataTree suggests we might already be seeing a glimpse into what’s likely to be a difficult year for commercial real estate (CRE) sales in 2020. At first glance, sales...
Standard Management Company founder Samuel K. Freshman on the post-pandemic economy Samuel K. Freshman, owner and chairman of private real estate investment and management firm Standard Management Company (SMC) and chairman emeritus of Stanford Professionals in Real Estate (SPIRE), has been in...
“Sin City” Real Estate Posts a Summer Surprise When COVID-19 locked down the U.S. in mid-March, analysts understandably warned that economies heavily reliant on tourism and hospitality would suffer the most. With national unemployment spiraling into the double digits and remaining above 13% in...
Home Depot’s Culture of Honesty and Problem-solving Is On Your Side. A little over a decade ago, Home Depot entered a new facet of the real estate industry when it quietly debuted its business-to-business (B2B) service offerings. Called Renovation Services, they target real estate investors, asset...
What are your options for seeking relief? American business was functioning rather well before the COVID-19 pandemic. Contracts were predictable to follow, based upon ordinary operations and expectations. COVID-19 changed all that. Overnight, American business had to contend with local and state...
The recovery is dependent on employment and business growth, so rates will likely remain low for the foreseeable future. On March 15, 2020, in the wake of the coronavirus pandemic, the Federal Reserve cut the Fed funds rate to 0.25%. This reflects the rate at which commercial banks lend reserves...
