Good morning, investors. In today’s real estate news – we’ll take a look at the decline in commercial real estate transactions, as well as Bloomberg’s Federal Reserve Vice Chairman, Stanley Fisher’s take on the future of the housing market.
Despite the decline in the investment activity in the U.S. commercial real estate market in 2017’s first quarter, a report from Ten-X shows that commercial property prices continue to rise, up 10.2% year-over-year.
An interesting breakdown of the 10 must reads for the CRE industry; from Amazon’s purchase of Whole Foods and its potential impact on local grocery stores to Miami’s new ‘lifestyle properties,’ which consists of building entire towns that promises to ‘hire hundreds if not thousands of locals.’
Bloomberg’s Stanley Fischer’s take on the current housing market and its future if we fail to remember the lessons from the 2007-2009 housing crisis. With a stronger financial system and the curtailment of poor lending practices, Fischer believes there is still much more to be done.