“When is the Housing Market Going to Crash”: Google Search Term Up 2000% Since 2019
There’s been an explosion of Americans asking Google the question: “When is the housing market going to crash?” Barron’s summarizes: Data from Google underscore the concerns that many people have about the state of the market. Searches for the...There Are More Real Estate Agents Than Houses, And Economists See A Problem
The number of real estate agents is outpacing the number of homes for sale, an issue that can exacerbate downturns in the real estate market, according to economists. Sonia Gilbukh, an assistant professor at the City University of New York, talked about this issue...Real Estate Investors in Asia Endured COVID Better Than U.S. Peers, Says Study
Real estate equities in Asia performed substantially better during the pandemic than their U.S. peers, possibly because Asian real estate firms have prior experience with pandemics. The full paper is available here. From the paper: There are a number of findings....Covid Didn’t Cause Meaningful Migration of Businesses: New Research
More people moved during the pandemic, but Covid didn’t create a permanent migration of businesses, according to a new report from commercial real estate services firm Cushman & Wakefield. The take-away: commercial real estate activity will continue to...As Property Tax Receipts Plunge, New York City Sees Summer As “Recovery Moment”
COVID cleared out New York City’s business district, and now the city is grappling with a struggling commercial real estate market and plunging property tax revenues. City officials are increasingly viewing this summer as a “recovery moment”. More...Listen to Our Civic Development Podcast!
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