Commercial Real Estate Outlook For 2021

As a result of the pandemic, many people have made short and long-term lifestyle changes. When the pandemic started, urban locations were hit hard, and many people fled the cities due to the dense population and reduced opportunities for social distancing. However, the attractive lifestyle a post-pandemic bustling city provides will draw some back. The CBRE reports, “There are no indications that 2020’s decline in urban multifamily demand is permanent or there is an impending return to the hollowed-out cities of the 1970s and 1980s. Yet urban submarkets will lag in the multifamily sector’s overall recovery. Lower-density and less-expensive suburban submarkets held up remarkably well in 2020 and are positioned to lead overall market performance in 2021”. Read more

Which Investment Real Estate Properties are Thriving During the Pandemic?

In the last nine months, many people have had their world turned upside down, both financially and emotionally. The global pandemic we now find ourselves in has disrupted many parts of our lives, including the real estate industry. Many Americans have physically uprooted themselves, fleeing cities, and seeking more suburban living. With the ever-changing nature of the pandemic, where does that leave commercial real estate?  Read more

Is The Pandemic The End to Apartment Living?

Over the last 12 years, the demand for urban apartments has been insatiable. Renters have enjoyed the flexibility and convenience of apartment living, realizing how fewer maintenance obligations allow more free time. Apartment living is no longer thought of as the step before you purchase your own home, but instead, an opportunity for people to enjoy life. This has resulted in increased demand for apartments in both urban and suburban communities. Read more

Boston Short-Term Rentals Pivot Amidst Pandemic

Hospitality has been one of the real estate sectors most negatively affected by Covid-19. As in all U.S. gateway cities, the impact on Boston short-term rentals has been acute. Prior to February 2020, the short-term rental market in Boston had been thriving, with an estimated 61% occupancy rate during the summer of 2019, according to data from Mashvisor. But with the unprecedented drop off in domestic travel and the closing of the U.S. borders to foreign travel, short-term rentals quickly ground to an abrupt halt in March. Read more

Investment Real Estate in New Haven, Connecticut

New Haven’s international profile and high rental demand is attracting investors from around the Northeast region.  Located along the I-95 and I-91 corridors, New Haven enjoys Amtrak and local rail service to both New York and Boston.   The city is a thriving community of generational, ethnic, and educational diversity, and is home to a number of educational, healthcare, and cultural institutions. Its emphasis on education and health sciences contributes to steady job growth, while New Haven’s arts and entertainment scene makes it an enjoyable community to call home. Read more

Mortgage Financing in 2018

Sweeping tax reform and a changing economic landscape stand to impact mortgage lending in 2018 and beyond. Mortgage interest rates haven’t been this high since December 2016, while anticipated rate hikes from the Federal Reserve put upward pressure on interest rates. Freddie Mac reports that as of February 8, 30-year fixed mortgage rates were up 33 basis points since the start of 2018. And, The Mortgage Bankers Association (MBA) predicts the Federal Reserve will raise the federal funds rate four times in 2018 and twice more in 2019. Simply reaching 5-percent would mark the highest rates since 2011. Read more