Tag: economics
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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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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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🗺️ Exploring the Top 10 States With the Lowest Cost of Living: Where Your Dollar Stretches Furthest 🗺️
Even as inflation rates show signs of stabilizing, many Americans still feel the pinch when shopping for essentials like groceries, gas, and housing. If you’re seeking ways to make your budget go further, where you live can make a significant difference, given the wide variation in cost of living across the U.S. In simple terms,…
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Record Number of Homes Hit the Market as Optimism Over Rate Cuts Sets In
Falling mortgage rates and the Fed’s recent rate cut are invigorating the fall housing market, leading to a surge in new listings. A Surge in New Listings A recent report from Realtor.com® reveals that in September, there were 11.6% more homes newly listed on the market compared to the same period last year. This marks…
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Multifamily Permits Drop 16.8% YoY Despite Record Deliveries
Multifamily construction permits fell 16.8% year-over-year (YoY) in August, despite a monthly increase, highlighting mixed dynamics in residential construction. In August, multifamily construction permits experienced a significant 16.8% YoY decline, even though there was an 8.3% month-over-month (MoM) increase from July. This trend underscores the complex landscape of residential construction. Regional Breakdown The U.S. West…
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Office Visits in Major Cities: August Trends and Insights
As we navigate the post-pandemic landscape, office visit trends in major cities offer a fascinating glimpse into the recovery and adaptation of urban workspaces. In August, office visits nationwide reached 68.8 percent of August 2019 levels, slightly below the recovery peak seen in July. Regional Highlights Miami, New York, Atlanta, and Dallas have outperformed the national…
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Top 10 Cities for Affordable New-Construction Homes
Think a new-construction home is out of your price range? Think again. There are numerous cities where you can find new-construction homes for around or under $275,000. Closing the Price Gap While new-construction homes are typically more expensive upfront than older homes, the price gap has narrowed recently. According to a July report from the…
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Top 10 Cities Where Homes Sell for the Most Below the Asking Price
Most homebuyers know that the price they see on real estate listings is more a fervent hope than a steadfast number etched in stone. So how much more—or less—than the asking price should buyers offer? For starters, that depends on timing. During the COVID-19 pandemic, demand for homes was so strong that offers over the…
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U.S. Apartment Market: Stability Amidst Subtle Shifts
The U.S. apartment market continues to showcase remarkable stability, with occupancy rates holding steady at 94.1% for August 2024. This marks the 10th consecutive month where occupancy has fluctuated by no more than 10 basis points (bps) in either direction. The minuscule difference between July (94.16%) and August (94.13%) underscores this stability, as the 0-bps…
Daniel Kaufman Real Estate 