Monthly Archives: October 2016
On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in
Real Estate Law on Oct 30, 2016.
Although it may be difficult for some Pennsylvania residents to keep track of the names of different generations, there is a far-reaching influence felt as young people impact various facets of life. Real estate is starting to experience the effect as millennials mature. Nearly half of all home purchases throughout the nation are first-time instances. Nearly two-thirds of those selling a home have never done so before.
Continue Reading How millennials influence real estate...
Tags: Real Estate Law
Many investors in Pennsylvania and around the country stay out of the commercial property market because of the complex paperwork and the amount of regulations involved, but legislation designed to boost investment and the advent of the information age has opened the real estate market up in recent years. In 2012, President Obama signed the Jumpstart Our Business Startups Act into law, and one of the provisions of the legislation allows real estate developers to reach a far wider audience by posting their properties online.
Continue Reading Legislation and technology are transforming CRE...
Tags: Commercial Real Estate
On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in
Real Estate Law on Oct 26, 2016.
The residential real estate market in Pennsylvania is most active during the spring and summer months, but there are a number of reasons why those looking for a new home might be wise to wait until the fall to begin their searches. The real estate information company RealtyTrac studied 15 years’ worth of data and more than 30 million American home sales, and they found that houses sold for prices about 2.6 percent lower than their estimated market values when transactions closed during October.
Continue Reading Fall is bargain season for residential real estate...
Tags: Real Estate Law
On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in
Real Estate Law on Oct 24, 2016.
Pennsylvania real estate investors might be interested in learning about a trend for those who live in high-priced markets along the East and West Coasts. Investors are increasingly purchasing properties in areas with low home prices but competitive rents in other states using firms.
Continue Reading Investors buying real estate in out-of-state markets...
Tags: Real Estate Law
Pennsylvania commercial real estate developers could discover that their funding options are increasingly limited. The Office of the Comptroller of Currency and the Federal Deposit Insurance Corporation have cautioned CRE lenders multiple times on the grounds that their loan terms weren’t sufficiently rigorous. This has resulted in fewer small lenders wanting to originate new loans.
Continue Reading CRE investors may have to forego small bank lending...
Tags: Commercial Real Estate
Experts say that commercial real estate, or CRE, has grown increasingly attractive to investors with cash to burn. Individuals with a high net worth are using CRE investing to heighten yields and generate significant amounts of income as opposed to simply trying to maintain their existing capital. Their readiness to invest in markets that other institutions shy away from means that in smaller cities and secondary markets, private investors are becoming important sources of funding.
Continue Reading Pennsylvania CRE projects may see more high-wealth funding...
Tags: Commercial Real Estate
Commercial real estate markets in Pennsylvania can be affected by economic factors in the state, the nation’s economy as a whole and world events. Investors that want to stay up-to-date on current market trends should look at a variety of news sources to understand what’s coming in 2017.
Continue Reading Economic factors that could affect CRE prices in 2017...
Tags: Commercial Real Estate
Commercial real estate development is booming in Pennsylvania and around the country. Big cities like Philadelphia, Miami and New York are seeing a surge in the construction of office buildings and luxury rental properties, while other areas are experiencing a demand in shopping centers and warehouses. However, the Federal Reserve has repeatedly issued warnings about a potential bubble, and the Office of the Comptroller of the Currency has increased its scrutiny of CRE lending practices of commercial banks and forced some banks to increase their reserves. This has caused many financial institutions to cut back on their portfolios.
Continue Reading Loans for commercial real estate projects...
Tags: Commercial Real Estate