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Commercial Real Estate & Business News – September 10, 2015

September 10, 2015 by Nick Miner, CCIM   No comments   Filed Under: Daily News

Housing Demand Expected to Surge Over Next 10 Years According to MBA Report
In what it projects would be one of the strongest housing markets in U.S. history, the Mortgage Bankers Association (MBA) expects between 13.9 million and 15.9 million of additional households will be formed by 2024. The MBA report, titled “Housing Demand: Demographics and the Numbers Behind the Coming Multi-Million Increase in Households,” finds that surge in household formation, and expected related housing demand, will be driven largely by Hispanics, baby boomers and millennials… Read more »
Phoenix Area Ranks 4th In Nation For Income From New Residents
New residents moving into the Phoenix area are bringing higher incomes than those who are leaving, according to new data, placing Maricopa County among the top five counties for most new gross income from in-migration. Maricopa County ranked No. 4 in the nation thanks to more than $1 billion from new arrivals between 2012 and 2013… Read more »
Bank CRE Loan Growth Heats Up with the Markets
The nation’s banks continue to respond to strong lending demand in hot commercial real estate markets. Total commercial real estate loans among all commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) are up 7.1% from a year ago, now totaling $1.75 trillion. That compares to $1.63 trillion at the peak of the CRE markets at the end of June 2007. Construction and development loans jumped the most from a year ago, up $33 billion (15%)… Read more »
Price vs Value: Where’s the Upside in Property Markets?
Many commercial real estate investors are watching asset prices move higher and wondering whether the underlying values are there to support those eye-popping price tags. Occasionally, both price and value on commercial properties are in perfect step and that balance translates to a fair market price. More often than not, the cyclical nature of real estate means that values are chasing prices or prices are chasing values… Read more »
Who’s Opening and Closing Stores?
The July report from RBC Capital Markets shows that even as chain retailers continue to increase the number of stores they plan to open in the next 12 to 24 months, the retail industry still faces some challenges. The most recent issue of “National Retailer Demand Monthly” reports that the retailers in RBC’s database increased their store opening plans for the coming year by 0.6 percent during the past month, to 42,213 locations. Their two-year store opening plans rose by 0.4 percent to 79,294 locations… Read more »

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Nick Miner, CCIM

ORION Investment Real Estate
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