ALL EYES ON PURCHASE In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. PPP may have meant something different in 2020, but this year the 3 P’s are the guiding light to long-term mortgage success and domination. The ratios flipped last year. Strong purchase lenders that historically did […]
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The steamy debate over real estate love letters
Mark Meek, Oregon state representative Mark Meek has spent 25 years as a residential real estate broker, and in the last five years he has taken a second job – Oregon state representative, representing an area about 30 miles south of Portland. Those dual roles merged last year when Meek chaired a state task force, […]
What builders see in a deeply unhealthy housing market
The big news from the U.S. Census Bureau’s May new home sales report is that sales inventory has increased to 5.1 months, which brings the three-month average to 4.63 months. That begins to change the equation for some homebuilders, who were absolutely thriving in an ultra-low-inventory housing market environment. As a reminder, when the three-month […]
The State of Hotel Investments in Early 2021
Operational performance of the hotel industry has all but halted as a result of the COVID-19 pandemic lockdowns. However, hotel real estate valuations remain high in response to pent capital earmarked for real estate acquisitions and hotels in particular. In January and February of 2020, hotel average occupancy in the United States was slightly higher […]
Drawing Upon Culture: Opportunities for Mexican Sponsors in San Antonio
Mexican real estate sponsors should lever their cultural know-how to address overlooked market opportunities in Texas. South San Antonio can serve as an example of the opportunities available to Latino GPs. Mexican real estate general partners have an advantageous ability to develop and invest in Texas. Mexican appetite for real estate projects in Texas is […]
Rising Tides: Consolidation and Development in the Marina Industry
Marinas, long the domain of local, independent owner-operators, have seen increasing interest from investors over the past 15 years. Now dominated by a few large institutionally backed firms, the industry has quickly transformed from one comprised of properties that store and service boats to one that has seen billions of dollars in capital inflows from […]