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USA Property

This is the largest office conversion in the United States

The massive edifice at 25 Water St. has successfully swapped its cubicles for more than 1,000 apartments. The former Financial District office tower underwent a two-year gut renovation to turn it into a high-end residential apartment complex. The behemoth of a property was once shared by JPMorgan Chase, the National Enquirer and the New York Daily News. When the 32-story tower opened up leasing in January, it became the largest office-to-residential conversion in US history. A rendering of the new 25 Water St. facade. Streetsense The building was once known...
USA Property

March real estate figures showed ‘balanced’ Sarasota, Bradenton market

March’s local real estate activity indicated a relatively balanced market for both Sarasota and Manatee counties, but changing national and international dynamics could call that stability into question.The Realtor Association of Sarasota and Manatee’s March report noted continued stability in the Sarasota and Manatee real estate markets, with steady single-family home activity and a strong presence of cash buyers tilting the overall trend slightly in favor of buyers. But as international economic headwinds shift following President Donald Trump's imposition of his tariff policies, and other countries' retaliation, the market could...
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The First Step to Take Before Investing in Real Estate: Go to a Meetup

Caleb Hommel and Chuck Sotelo knew little to nothing about real estate before investing in their first property. They were only teenagers, after all."We had no experience," Sotelo told Business Insider. "We didn't have any credit, we didn't have any money, and we didn't really have any connections."The friends, who met on the first day of high school when they sat next to each other in a pottery class, started discussing buying property during the pandemic. At the time, they were enrolled in two different junior colleges, but remote learning...
USA Property

Heartland city emerges as top U.S. market where you can save $200K

The top housing market in the U.S. this spring season is a heartland hub where the typical home costs an impressive $200,000 less than the national median. Toledo, OH, a city of 265,000 people situated on the western tip of Lake Erie, claimed the No. 1 spot in the latest Wall Street Journal/Realtor.com® Housing Market Ranking through a winning combination of strong demand, quick market pace, and impressive price growth compared with a year ago.   Although a midsized city, Toledo—located about 60 miles from Detroit—attracted outsized attention from homebuyers during the first three months...
Upcoming Investments

Kenya’s Luxury Hospitality Boom: Investment, Challenges, and EAPI 2025 Insights

  Kenya’s luxury hospitality sector is riding a wave of significant growth, attracting the attention of global investors, policymakers, and tourism experts alike. As the country positions itself as a premier destination for high-end tourism, a confluence of factors — from a steady influx of international visitors to a stable economic environment — is shaping a compelling investment landscape. These dynamics will be at the heart of discussions at the 12th East Africa Property Investment (EAPI) Summit, scheduled for May 7–8, 2025, at Pullman Hotel in Upper Hill, Nairobi....
USA Property

High rates for home loans are holding back the housing market

Fast-growing fruit trees for your backyard harvestHere are five fast-growing fruit trees you can plant in your backyard for a quicker harvest.unbranded - LifestyleRates for home loans remained high as consumer and investor confidence take a hit amid the White House's tariff rollout.In the week ending April 24, 30-year fixed-rate mortgages averaged 6.81%, Freddie Mac announced. That’s down fractionally from 6.83% last week, which saw the biggest one-week jump since last August.Those figures don’t include fees or points, and rates in some parts of the country may be higher or lower than the...
USA Property

Delaware free alert services to combat AI-driven real estate fraud

Texting was already available, but now a translation service is offeredThe Dover Police Department is one of the first in the U.S. to use the enhanced 911 service for sharing of photos and videos, and text translation.A real estate agent impersonates a seller and pockets $3 million from fraudulent property sales. A Los Angeles homeowner loses their house to an international identity theft ring. In Florida, during a scheduled video call with the seller, a title company is met with an AI-generated fake.These stories may sound sensational, but the crimes...
Upcoming Investments

Real estate investment set to soar in 2025 as 70% of investors plan to increase allocations, CBRE

New Delhi , April 23 (ANI): The total capital inflow in the real estate sector will maintain positive momentum in the current year as a significant 70 per cent of investors plan to boost their real estate allocation this year, a survey by commercial real estate services and investment company, CBRE said.In 2024, real estate investment reached unprecedented levels, marking a record high in capital inflows.Leveraging the record high investment activity of 2024, total capital inflow will maintain positive momentum in 2025 as a significant 70 per cent of investors...
USA Property

Nashville’s property values see a startling, record-high 45% jump

How can Nashville area balance low taxes, growth and quality services?The 14-county region in the Nashville area grew by more than 3,000 people a month from 2010 to 2020. This growth brings opportunities and challenges.WochitThe average is the result of the latest four-year reappraisal cycle.This is the second time since 2017 that Nashville has set a record-high increase in property values.From here, Nashvillians will wait for the state to establish the certified tax rate and for the Metro Nashville Council to set the local property tax rate to determine their...
USA Property

US homes are selling at their slowest pace in 6 years

A chill has fallen over the US housing market. The typical American home is selling at its slowest pace in six years, according to a new Redfin report. Competition between buyers declined as the supply of homes hit a five-year high. The fresh data, first reported by Mansion Global, reveals that the post-2020 heyday of multiple offers, bidding wars and hair-trigger buyers is well and truly over. Homes haven’t spent this long on the market since 2019. moodboard – stock.adobe.com Inventory has been piling up this year amid uncertainty and...
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