Low Housing Supply Contributes to Housing Price Increases

This past August, the Federal Housing Finance Agency said that a “tight inventory” of homes was a primary contributor to the 1.6% increase in single-family home prices in the second quarter and the 6.6% increase year-over-year. The FHFA’s…

Luxury Assisted Living on the Rise in Manhattan

The population of octogenarians in the U.S. is set to double in the next decade, which also means the population of people with Alzheimer’s and dementia will sharply rise. However, in Manhattan, there have been no new assisted living facilities…

Fed Rates Are Up – Where Do Consumers Feel It Most?

After the 2009 financial crisis in the US, interest rates plummeted, and they’ve only recently started to rise again. Starting in December 2015, the Federal Reserve began to raise the funds rate, and the Federal Open Market Committee has voted…

Demand for Multifamily Housing is High in Miami – But So Is the Cost

A new report by the National Multifamily Housing Council and the National Apartment Association has ranked Miami third on its list of cities with the highest estimated demand over the next decade for new apartment buildings with 5 or more units.…

CFPB Faces Challenges in Collecting Data on Small Business Loans

The Consumer Financial Protection Bureau (CFPB) released a statement in May requesting information about the collection of data on small business loans. The Bureau’s request states that the Equal Credit Opportunity Act (part of the Dodd-Frank…

South Florida Sees Record Multifamily Sales for Second Year in a Row

South Florida multi-family property sales increased to over $3.6 billion in 2016, which tops the record of $3.3 billion set in 2015. Strong fundamentals prevail, and growth is expected to continue. As the region’s population continues to…

Next Real Estate Frontier: Neighborhoods on Edge of Miami

Millennials and empty-nesters are moving in droves to city centers nationwide, but there are few places where the urban renaissance is more obvious than Miami.   The push has transformed the city into a multi-dimensional metropolis:…

The battle continues: Las Vegas & Hawaii crack down on Airbnb

Airbnb, which has already been feeling the squeeze in cities like New York, San Francisco and Seattle, are now facing further crackdowns in two additional major tourist destinations: Las Vegas and Hawaii.   Las Vegas property owners…

Miami-Dade Near Top Nationally in Struggle With Housing Affordability

A tight housing market has pushed prices out of reach for a large chunk of would-be buyers across the U.S., forcing millions into an apartment market that digs deep into monthly paychecks for rent, especially in high-cost markets like Miami.   Nearly…
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Seniors Housing Inventory Growing Fast

Developers and lenders in the seniors housing sector have for years only allowed new construction to proceed at a modest pace. The development community’s aim was to avoid the mistakes made in past booms, when too many inexperienced operators…