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| Austin Commercial Real Estate Recap |
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Building Relationships, One Space at a Time.
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Month Yar | |
Reader Survey: CRE Recovery Made Moribund by Indecisiveness
By: Mark Heschmeyer, Costar Group
7/13/2011
If anything has been predictable about the 2011 commercial real estate market recovery, it's that it has been unpredictable. For a year that began with much promise following the increased leasing activity, thawing capital flow and widening investor interest that characterized the second half of last year, the momentum in the market seems to have flattened out.
This has been more baffling than discouraging to real estate professionals across the country. Key indicators across a wide number of local markets still hold promise for more vigorous activity. However, according to a survey of readers conducted by CoStar News, landlords, lenders, investors and tenants just aren't making the connections in the marketplace needed to jump start a sustained recovery.
Read more: http://www.costar.com/News/Article/Reader-Survey-CRE-Recovery-Made-Moribund-by-Indecisiveness/130379 |
1 Million Foreclosures Delayed Until 2012
By: Daily Real Estate News
7/14/2011
An estimated 1 million foreclosure-related notices for defaults, auctions, and home repossessions that should be filed by lenders this year will be pushed back until next year, according to the latest report by RealtyTrac.
While the delays could give home owners more time to catch up on their payments and try to avoid foreclosure, housing experts warn this means the looming shadow inventory of distressed properties likely will continue to plague the real estate market even longer.
"The best-case scenario is we don't get back to normal levels of foreclosure activity until 2015, which means the housing market recovery gets delayed by at least a year," says Rick Sharga, a senior vice president at RealtyTrac.
Read more: http://www.linkedin.com/news |
Don't Just Take Our Word for It, Upside to CRE Market Has Begun
By: Mark Heschmeyer, Costar Group
6/22/2011
What better time than the summer solstice to shine a light on current commercial real estate market conditions. CRE firms and organizations released a broad array of mid-year market overviews and viewpoints this past week - all of which cast conditions with a fairly sunny outlook.
We report on the views presented by four respected analysts, including Credit Suisse, which is telling global investors to follow other world currencies flowing to the United States. Also, Maximus Advisors and Fannie Mae both say the U.S. multifamily market is poised for a four-year upswing. And RREEF Global Real Estate Investment says U.S. investors would do well to look closely at the industrial and retail property sectors.
Read more: http://www.costar.com/News/Article/Dont-Just-Take-Our-Word-for-It-Upside-to-CRE-Market-Has-Begun/129867 |
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The Next Big Boom Towns in the U.S.
By: Joel Kotkin, Forbes
7/11/2011
What cities are best positioned to grow and prosper in the coming decade? To determine the next boom towns in the U.S., Forbes, with the help of Mark Schill at the Praxis Strategy Group, took the 52 largest metro areas in the country (those with populations exceeding 1 million) and ranked them based on various data indicating past, present and future vitality.
We started with job growth, not only looking at performance over the past decade but also focusing on growth in the past two years, to account for the possible long-term effects of the Great Recession. That accounted for roughly one-third of the score. The other two-thirds were made up of a a broad range of demographic factors, all weighted equally. These included rates of family formation (percentage growth in children 5-17), growth in educated migration, population growth and, finally, a broad measurement of attractiveness to immigrants - as places to settle, make money and start businesses.
Read more: http://blogs.forbes.com/joelkotkin/2011/07/06/the-next-big-boom-towns-in-the-u-s/ |
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