• the 30 Rising Stars of Real Estate in 2022
    Real Estate

    the 30 Rising Stars of Real Estate in 2022

    Mike DiNapoli, 33 DiNapoli. Mike DiNapoli DiNapoli thought he was going to be a certified public accountant, but the sedentary desk job didn’t agree with him. A property-management career was calling, even though that wasn’t something he’d considered initially.  Through a family connection at the New York-based developer and property-management company Tishman Speyer, DiNapoli, a 2012 graduate of Loyola University, in Maryland, stumbled into a role of great responsibility and no number crunching: He was suddenly the new night-shift supervisor for the 70-person janitorial and maintenance crew at Rockefeller Center, one of Manhattan’s most famous pieces of real estate.  “While I was in college, I never thought about how an…

    Comments Off on the 30 Rising Stars of Real Estate in 2022
  • A house price slump is coming. Rising unemployment could make it much worse
    Real Estate

    A house price slump is coming. Rising unemployment could make it much worse

    London CNN Business  —  Last year, Auckland’s largest real estate company couldn’t sell properties quickly enough to meet demand in New Zealand’s biggest city. Houses were “flying out the door,” said Grant Sykes, a manager at real estate agency Barfoot & Thompson. “There were chin-dropping moments when agents stand around the room and are gobsmacked at the prices being achieved,” he told CNN Business. In one example, a property sold for 1 million New Zealand dollars ($610,000) above the asking price in an auction that lasted all of eight minutes. (Most homes in New Zealand are sold at auction.) That was in May 2021, when sales attracted thousands of bidders…

    Comments Off on A house price slump is coming. Rising unemployment could make it much worse
  • Popularization of DIY, Skyrocketing House Prices, Rising Disposable Income, Technologically Advanced Home Improvement Products
    Home Improvement

    Popularization of DIY, Skyrocketing House Prices, Rising Disposable Income, Technologically Advanced Home Improvement Products

    DUBLIN, Nov. 11, 2022 /PRNewswire/ — The “ASEAN Home Improvement Market (Indonesia, Singapore, Philippines, Thailand & Malaysia): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)” report has been added to  ResearchAndMarkets.com’s offering. Research and Markets Logo The ASEAN home improvement market is forecasted to reach US$11.80 billion in 2026, experiencing growth at a CAGR of 9.23% for the period spanning 2022-2026. Growth in the ASEAN home improvement market was supported by factors such as increasing population in ASEAN countries, skyrocketing house prices, rapid urbanization and favorable demographic structure. Rising e-commerce penetration and increase in work from home and freelancing jobs is likely to have a positive impact on the…

    Comments Off on Popularization of DIY, Skyrocketing House Prices, Rising Disposable Income, Technologically Advanced Home Improvement Products
  • Canceled Contracts Pile Up As Real Estate Buyers, Lenders Reckon With Rising Rates
    Real Estate

    Canceled Contracts Pile Up As Real Estate Buyers, Lenders Reckon With Rising Rates

    Some commercial real estate deals are falling apart across the country as the market reels from the highest interest rate environment in over a decade and clouds of economic uncertainty are gathering. Both construction loans and financing to purchase properties will get more expensive with the Fed’s decision. As borrowing costs rise, the prices for everything from out-of-favor assets like office buildings and retail to warehouses and apartments are declining as buyers get nervous about future values. “No one’s immune,” said Eddie Lorin, an affordable, workforce and mixed-income housing developer who leads California-based Strategic Realty Holdings. “Everybody is getting repriced.” The Federal Reserve Bank officially increased interest rates by three-quarters of a…

    Comments Off on Canceled Contracts Pile Up As Real Estate Buyers, Lenders Reckon With Rising Rates