According to CBRE, strong domestic and international demand have established Korea as one of the top-performing hotel markets in the Asia Pacific region over the past two years. STR data indicates that the Average Daily Rates (ADRs) in Korea reached KRW 214,177 in Q1 2024, a 43% increase over Q1 2019, with overall RevPAR 49% higher than during the same period. Although full-year occupancy has yet to fully...
According to recent data from the Orlando Regional Realtors Association (ORRA), the median home price in April 2024 reached $388,500, an increase from $386,500 in March. This marks the highest monthly median home price ever recorded in the Orlando area. ORRA says overall sales experienced a 7.8% rise from March to April 2024, with 2,759 homes sold in April compared to 2,559 in March 2024, making it the...
Based on new data from CBRE, the U.S. commercial real estate lending market slowed in Q1 2024 due to high interest rates and limited credit availability, but a tightening of credit spreads indicated signs of stabilizing. The CBRE Lending Momentum Index, which tracks the pace of CBRE-originated commercial loan closings in the U.S., decreased by 11% from Q4 2023. The index saw a decline of 32.7% compared...
Based on a new study from Clever Real Estate in collaboration with Rabbu.com, Tampa is the best U.S. city to invest in short-term rentals, while San Jose, California, is the riskiest short-term rental market in America. The study analyzed metrics such as median home prices, occupancy rates, and changes in property values to rank Airbnb investment markets across the U.S. Tampa stands out with a 71.6%...
Based on a new study from Clever Real Estate in collaboration with Rabbu.com, Tampa is the best U.S. city to invest in short-term rentals, while San Jose, California, is the riskiest short-term rental market in America. The study analyzed metrics such as median home prices, occupancy rates, and changes in property values to rank Airbnb investment markets across the U.S. Tampa stands out with a 71.6%...
Image DLA Piper’s John Sullivan says concerns over refinancing debt and inflation also...
Image CEO Daniel Eisenstadt expects to be able to scale holdings to over $1 billion in coming...
Monthly housing payments spike 14 percent above a year earlier Based on new data from Redfin, the median U.S. monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, 2024, up 14% from a year earlier, and home prices rose 4.5% to their own record high. The supply of homes for sale lost momentum, with prospective sellers jittery about high rates New listings rose 9% year...
Image CEO Joey Agree says net lease REIT has aligned its portfolio with omnichannel retail...
Global Home Prices Rise 4.1 Percent Annually in March According to global property consultant Knight Frank, the first quarter of 2024 witnessed an average annual growth rate of 4.1% across the 44 markets covered by the Knight Frank Prime Global Cities Index, marking the strongest rate of growth since Q3 2022 - a period when interest rates were surging and nearly 70% of central banks were tightening...
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