Weekly News Roundup Millennials Renting Not Buying Homes As more millennials enter their prime home-buying years and start families, many are finding themselves priced out of the most coveted suburban neighborhoods with top-flight schools. A growing number their age, or even older, are turning instead to upscale single-family rentals nearby. From 2021 to 2023, the…
Weekly News Roundup Modular Housing Gaining Ground Modular housing development has long been a fringe part of the U.S. market, primarily limited to lower-budget or emergency housing. Now, the country’s largest apartment operator is trying to change that. Greystar Real Estate Partners on Monday is opening a six-building modular apartment complex, complete with a gym,…
Weekly News Roundup Retail Stores that Thrive in Online World Online shopping is at a record high. For a change, shopping center owners aren’t threatened. Americans bought $300 billion in retail goods online last quarter, with e-commerce accounting for 16.2% of all retail sales, according to data from the U.S. Census Bureau. Still, after years…
Wellness Trend Reshaping Markets McKinsey reports that in the United States alone, the wellness market has reached an estimated $480 billion. 82% of US consumers now consider wellness a top or important priority in their everyday lives, with Gen Z and Millennial consumers purchasing more wellness products and services than older generations. Real estate wellness…
Weekly News Roundup Real Estate Royalty Selling The office market’s downturn is forcing some of the New York’s multigenerational family owners to do something they managed to avoid during world wars, financial meltdowns and a global pandemic: Sell their core properties. Families like the Rudins and the Kaufmans built their New York empires by passing…
Weekly News Roundup Hottest Real Estate Market Dallas-Fort Worth is expected to be the nation’s hottest real estate market for investment and development next year. The annual forecast from PriceWaterhouseCoopers and the Urban Land Institute dubbed D-FW as the best place to buy, build and finance property in the year ahead. The report, Emerging Trends…
Weekly News Roundup Return to the Office America’s historic retreat from the office building may finally be winding down. More companies are backing away from the looser workplace policies they adopted during the early years of the pandemic as executives increasingly recommit to promoting an office culture. One-third of all companies required workers to be…
Weekly News Roundup Crypto Real Estate Retired banker Rick Phillips likes investing in property. But instead of putting down a deposit for a place he has seen, or investing money into funds listed on the stock market, the cryptocurrency enthusiast chooses to buy digital tokens that represent ownership of physical properties. The Los Angeleno is…