Michael Gerrity

Freddie Mac: Housing market is undersupplied by 3.7 million homes and it's "the root cause of decreased housing affordability" Housing shortage, according to Freddie Mac economists 👇 2018 -> 2.5 million 2020 -> 3.8 million 2024 -> 3.7 million According to a report published last week by Freddie Mac economists... The U.S. housing stock (147.0 million units) is 3.7 million units below the group’s estimate for how many housing units the market needs given demographics (150.7 million units) “The root cause of decreased housing affordability is the fact that housing supply has not increased enough to match demand. Inadequate housing supply leads homeowners and renters to bid up the sale price and rent of available housing, which puts a squeeze on affordability,” wrote Freddie Mac economists in their report. To stay updated on the U.S. housing market—including regional market variations, buyer/seller dynamics, and different perspectives—subscribe to the ResiClub newsletter: https://lnkd.in/gc6XNqfW

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NAHB predicts a significant pullback in multifamily starts for 2024. Are we surprised? Multifamily Developer Confidence is in Negative Territory. In the fourth quarter of 2023, multifamily developer confidence remained in negative territory, as revealed by the Multifamily Market Survey (MMS) conducted by the National Association of Home Builders (NAHB). The survey produces two key indices: the Multifamily Production Index (MPI) and the Multifamily Occupancy Index (MOI). The MPI, which gauges sentiment about current production conditions in the apartment and condo market, scored 41, below the break-even point of 50. Meanwhile, the MOI, measuring the industry’s perception of occupancies in existing apartments, registered 77. Tight lending standards and high development loan costs continue to hinder financing for new multifamily projects. Given the substantial supply of multifamily units under construction, NAHB predicts a significant pullback in multifamily starts for 2024 #realestatedevelopment #realestateinvesting #passiveincome #multifamily #realestate #multifamilyinvesting #multifamilyrealestate #firsttimedeveloper #raisemasters30 #cre #financialfreedom

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Our spotlight today is shining on the Florida Real Estate market. Are you ready for some sunshine and growth? 🏖️🏢 Here are the hot trends we're observing: 1️⃣ Increase in Foreign Investments: An uptick in international investors who are looking to diversify their portfolios with Florida properties. 🌎💼 2️⃣ Migration Surge: Many are moving to Florida for the sunshine state's tax benefits, low cost of living, and beautiful coastlines. 🌴 3️⃣ Commercial Real Estate Growth: E-commerce has sparked a demand for warehouse spaces and logistics centers. 📦 Actionable Insights: 🏡 Expand your international reach - Florida's appealing to foreign investors! 🚌 Prepare for an influx of new residents and the ensuing demand in the housing sector. 🏢 Tap into commercial real estate opportunities. With our strong network and experience in the Florida market, the Van Holland Group is ready to assist you in spotting great opportunities, connecting with the right partners, and making profitable decisions. Florida's real estate market is glowing like its sunshine let us guide you towards fantastic possibilities! www.vanhollandgroup.com/ #FloridaRealEstate #ForeignInvestments #MigrationSurge #CommercialGrowth #VanHollandGroup

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Miami leads the nation with the highest percentage of price reductions year-over-year! Whether you're a buyer looking for the perfect deal or an investor seeking opportunities, now is the time to explore Miami's dynamic real estate market. Don't miss out on the chance to make your move in one of the country's hottest cities! 🌴🏠 The Keyes Company Karl Fong Yee #MiamiRealEstate #PriceReductions #MiamiMarketTrends #InvestInMiami #HomeBuyingOpportunities #RealEstateInvestment #MiamiLiving #FloridaRealEstate #Keyes #Advyzors #BeyondRealEstate

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An interesting fact about the continued success of Miami real estate, which is talked about heavily in our upcoming video interview series, is that compared to 10-15-20 years ago, the buyer pool is deeper that it’s ever been, in almost all sections of the market. Especially luxury. It's not just Latin America, overseas and then some US based buyers, the rest of America and the world has caught on and we've seen the demographics for purchasers drastically altered for real estate in Miami. 🔔 Follow Simon S. Mass to see more great real estate investing content on #LinkedIn 🫂 Go to my profile and learn about pre-construction investment offerings in Toronto and Miami #torontorealestate #realestateinvesting #miamirealestate #miami #housing #economy #toronto

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🚀 Ready to explore the world of Florida real estate? 🏡 Join us on November 6th for an exclusive webinar on Florida Real Estate Investment! Whether you're looking to grow your investment portfolio or find your dream property, this session is packed with valuable insights. 🌴📈 🎯 What you'll gain: In-depth look at the South Florida real estate market Expert tips to maximize returns on your investments Live Q&A with industry professionals 📅 Date: November 6th 🕒 Time: 1 PM ET & 7 PM GMT 🔗 Register here: https://bit.ly/VIACwebinar 👉 Secure your spot today and get ahead in your real estate journey! #FloridaRealEstate #InvestmentOpportunities #VIACLifestyle #Webinar

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We’re doubling down on Miami real estate & it’s no secret why: → 3.94% population growth since 2020 → 3.10% unemployment rate in 2024 → 5.6% vacancy rate (down 9.6%) → 4.7% avg. rent growth Y-o-Y But we’re not alone. → Tech → Finance → The sciences Major players in the industries are moving to Miami! → Uber → Tesla → Nvidia → Citadel → Amazon All expanding operations in Miami! Miami real estate is booming. & we intend to capitalize! What’s your favorite aspect of Miami?

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Fascinating insight from Mike DelPrete, in his words: - The amount of homes listed for sale and then delisted – taken off the market without selling – is rocketing to all-time highs. - This is the start of a price correction; sellers are bringing more inventory to market, but with “aspirational pricing” that buyers are not willing to pay.  - The record number of pricing corrective measures will likely lead to an overall correction – lower prices – as supply and demand continues to rebalance. https://lnkd.in/exaxCjjx #realestate

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Can a market be too hot? Should smaller developers get worried when bigger developers pile in https://ift.tt/x5yScGb The Florida real estate market has reached unprecedented heights with major projects getting funding from developers across the country and even overseas. But the arrival of big money doesn’t mean that the smaller players need to bow out entirely; having a comprehensive and detailed business plan can help smaller developers hold their own even in a blazing hot market.  Understanding the market landscape Florida has long been a bellwether for national real estate trends. Cities like Miami have become microcosms of development, attracting major investors eager to capitalize on the state’s appeal, creating high-profile, mixed-use developments.  Not even hurricanes have slowed the momentum, as international players have pushed forward with ambitious redevelopment efforts. The skyline of downtown Miami is littered with the fruits of these labors, and luxury condos and hotels now dominate.  For smaller developers, however, this heat can be a turnoff; too hot of a market and the smaller players may be left holding the bag if the winds suddenly change.  But a hot market is a hot market for a reason, and smaller developers can capitalize on its potential by maintaining focus with a comprehensive business plan that leverages their understanding of local market dynamics to avoid the pitfalls.  Labor is everything A crowded construction market can make costs more variant, particularly in today’s strained labor market. Accessing the skilled labor, necessary materials, and the right artisans is significantly more difficult — not to mention expensive — when a market like Florida’s is seeing such high demand.  According to the Associated General Contractors of America (AGC), the construction industry faces a shortfall of approximately half a million jobs, even before considering ongoing hiring needs. This labor gap has led to higher construction costs, which can disproportionately affect smaller developers with tighter budgets. Some of the risks, however, have been mitigated by recent economic improvements. Federal trade policy efforts have helped alleviate some supply chain issues, providing a slight reprieve in terms of material availability and costs.  Smaller developers without limitless capital need to be cautious and plan projects with variance towards cost and time—especially when operating near large projects that may soak up available resources. But smaller developers also need to be willing to play a bit of defense to protect its labor as its most valuable resource. The competition for skilled workers—especially engineers, architects, and specialized contractors—can be fierce in hot markets. To protect their investments in training, smaller firms might consider enforceable non-compete agreements with key personnel, as long as these agreements are reasonable in scope and duration. The stronger a company’s relationship...

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For Sale housing market participants need to come to grips with the new level of existing inventory sales volume. https://lnkd.in/eDcaYmy5

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Fund 25 - New deal acquisition. Text "INFO" to 305-407-0276 to start investing. CardoneCapital.com You can INVEST with your IRA/401k. Call or text to see if you qualify #CardoneCapital #realestatetips #MultifamilyInvesting #realestateinvesting #billionaire #grantcardone #10x #realestatetips #millionairementor #wealthcreation #wealthy This is not an offer; offers will be made only by means of the Regulation D Offering Documents (available at https://lnkd.in/g9YqipZS) or the Regulation A Offering Circular (available at https://lnkd.in/eYH39xSs), either of which may be updated or amended from time-to-time with the most recent Offering Circular or Offering Documents. The Regulation D offering under Rule 506(c) is for accredited investors only. For our current Regulation A offering(s), no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth (excluding your primary residence, as described in Rule 501(a)(5)(i) of Regulation D). Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov. The acquisition of any property identified in this communication is subject to various contingencies and may not be consummated. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit https://lnkd.in/eed7KWVz

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• Diverse Market: From vibrant retail spaces to booming office buildings, Florida’s commercial real estate market is as diverse as its ecosystem. • Investor’s Choice: With its favorable tax laws and growing population, Florida ranks high among investors looking to maximize returns. • Innovation Hub: Cities like Miami and Tampa are becoming incubators for startups, driving demand for creative and tech-friendly commercial spaces. Whether you’re looking to invest in or develop commercial properties, understanding the legal landscape is crucial. Our firm provides expert guidance to navigate Florida’s commercial real estate market, ensuring your ventures not only succeed but thrive. DM us now to schedule a call with one of our Attorneys. #florida #realestate #opportunity #realestateadvice #expertadvice #commercialrealestate #didyouknow #realestateinvestment

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🏡 Saratoga Real Estate Market Trends - Past 3 Years (Q2 2024) 🏡 Saratoga’s luxury market has seen impressive growth over the past three years. As of Q2 2024, the median sale price for single-family homes is $4,071,500, with properties selling in just 19 days on average. The price per square foot has increased to $1,581, reflecting strong demand and stable property values. Curious about the latest trends and stats? Check out our detailed update. #Saratoga #RealEstate #MarketTrends #HomesForSale #LuxuryLiving #RealtyNews DRE#01458118

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🎉 Reporting from the Zillow Unlock Event in Vegas! 🎉 As of 2024, buyers are looking for top-tier qualities in their real estate agents. Here's what Zillow's Consumer Housing Report says buyers want: 1️⃣ Smart Offer Strategy 📝—Knowing exactly how much to offer, how to navigate agent dynamics, and positioning to WIN the bid is critical. 2️⃣ Paperwork Wizardry 📄—Real estate deals are paperwork-heavy. Buyers want agents who can handle every document with ease, from contract to closing. 3️⃣ Tour & Scheduling Mastery 🗓️—With packed schedules and multiple showings, buyers want a concierge experience to make it all seamless. If you're in the market, look for an agent with these strengths to make your home search a breeze! 💪 🔗Everything about the OG here: https://lnkd.in/gAgNpX2j #OldfatherGroup #CompassRealEstate #ZillowUnlock #RealEstate2024 #BuyerTips #Vegas #HomeBuyers #AgentQualities

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