Urbanexus Update - Issue #57
Please scroll down for the weekly compilation of analysis, reporting and opinion about real estate and community development. Some links may lead to material that is behind a paywall.
Interest rates and real estate
How high will interest rates go?
A key question for the housing sector is how much higher will the Fed take interest rate? It will continue to raise the funds rate until it reaches the long-run, neutral rate necessary to keep inflation anchored at 2%.
Property bubble deflating In Stockholm Low-interest rates, lax-lending and speculative fever drove a boom in property demand, size and opulence over the past decade in most of the world's major citie
Leadership in real estate
Women in real estate should not temper their assertiveness — urbanland.uli.org
Karen Hutton advises women in real estate to believe in themselves. “You have to find your place, figure out what you want to accomplish,” she said. “You also have to be able to laugh at yourself and be your own best advocate. If women do that, it shows your ability to be assertive in the right way. The more we encourage that, the better off we’ll all be.”
Karl Mistry, Group President at Toll Brothers — blog.realestate.cornell.edu
Mr. Mistry, who graduated from the Baker Protan in Real Estate at Cornell in 2004, has recently attained the title of Group President for the Virginia and Maryland regions of Toll Brothers, which is an NYSE-traded real estate firm, and a Fortune 500 company that consistently enjoys the status of “America’s luxury home builder.”
Residential
Transit as a keyword in L.A. residential listings
According to Trulia, most home listings in L.A. that mention proximity to transit sell for 4.2% more on average.
Housing starts since 1960 — fred.stlouisfed.org
Construction of new housing in the USA continues to lag historical levels.
Metropolitan trends
New York, Los Angeles and Chicago metro areas lose population — www.newgeography.com
In the 2018 population estimates all three of the largest metropolitan areas lost population. This unprecedented development includes New York, Los Angeles and Chicago. All of the other 12 top metropolitan areas in the nation increased their population, including Detroit, which has lost population in many years
