Category: Daniel Kaufman Real Estate
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Millennials: The Generation Shaping Relocation Decisions Through Political Views
A recent survey by Realtor.com® highlights a compelling trend: millennials are increasingly allowing political considerations to influence their decisions about where to live. According to the findings, one-third of millennials (33%) view national politics as a significant factor in their relocation choices—outpacing all other age groups, including Gen Z (25%), Gen X (21%), and baby…
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Corporate Travel & Events Surge, Boosting Hotel Revenues
Group travel revenue per room rose 6.8% in the first eight months of 2024, outpacing inflation and driving lodging growth. Corporate retreats and group travel are experiencing a resurgence, significantly boosting hotel revenues as other travel segments slow. Financial and technology companies are leading this rebound, ensuring a robust demand for corporate events, booked years…
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3 Cities That Have Skyrocketed in Popularity—And Can Save Homebuyers Up to $130K
While certain cities across the U.S. maintain enduring popularity among homebuyers, there are a few underdog up-and-comers that are rapidly climbing the ranks. Leading the pack is Sioux Falls, SD, which has seen an impressive surge in popularity. Sioux Falls Leads the Pack According to the Realtor.com® September 2024 Hottest Housing Markets report, Sioux Falls—a…
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America’s Surprising Job Market Hotspots: Smaller Cities Leading the Way
If you’re finding it difficult to secure a job, it might be worth considering a move to one of the best cities in the U.S. for job hunters. New data from the U.S. Bureau of Labor Statistics reveals surprising job growth hotspots, many of which are smaller cities where the cost of living is reasonable.…
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Home Prices Plummet in America’s Most Desirable Cities: What This Means for Buyers
The landscape of residential real estate is ever-evolving, often shifting between buyer and seller markets. Recent trends indicate a potential pivot toward a more buyer-friendly environment, even as mortgage rates continue to fluctuate. According to the latest Realtor.com® September Housing Market Report, over half of the 50 largest U.S. markets are experiencing year-over-year declines in…
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Pending Home Sales Surge to 3-Year High, Florida Lags Amid Storms
Pending home sales have surged by 2% year-over-year, marking the largest gain in three years, according to Redfin’s latest report. However, while many markets are seeing a revival, Florida remains an exception due to recent hurricanes and rising insurance costs. Pending home sales experienced their biggest year-over-year gain in three years, up 2% for the…
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Berkadia Report: Multifamily Operators Turn to Concessions to Attract Renters
U.S. apartment owners and operators are facing increasing competition from new multifamily properties and the appeal of single-family housing. To stay competitive, many are turning to concessions to attract renters. This insight comes from the latest research by Berkadia. Key Findings: According to Berkadia’s October apartment concessions report, more than one out of every five…
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Hurricane Milton’s Impact on Various Sectors: Building Supplies, Banks, and Hotels
As Hurricane Milton approaches Florida’s Gulf Coast, its potential impact spans several sectors, including building materials, banks, and hotels. Described as ‘a dangerous major hurricane’ by the National Hurricane Center, Milton is expected to make landfall late Wednesday. Building Supplies The current trajectory of Hurricane Milton could significantly impact the densely populated Tampa/St. Pete area,…
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OpenAI Leads Big Tech’s Real Estate Rebound with First New York Office
OpenAI is spearheading the tech sector’s resurgence in real estate with a landmark deal to establish its first New York office, marking a significant expansion on the East Coast. Strategic Expansion The San Francisco-based creator of ChatGPT has leased 90,000 square feet in the iconic Puck Building in Manhattan’s SoHo neighborhood. This deal, with landlord…
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Mortgage Rate Drops: Which Cities Will Thrive? 🏡📉
As high mortgage rates begin to fall, homebuyers across the U.S. are set to benefit. However, a new report reveals that some areas will feel the impact more significantly than others. Cities Poised for Change According to Realtor.com®, cities like Denver, Raleigh, NC, and Baltimore are expected to experience a substantial impact from declining mortgage…
Daniel Kaufman Real Estate 