How millennials influence real estate
10/30/2016 | Real Estate Blog
Although it may be difficult for some Pennsylvania residents to keep track of the names of different generations, there is a far-reaching influence felt as young people impact various facets of life. Real estate is starting to experience the effect as millennials mature. Nearly half of all home purchases throughout the nation are first-time instances. Nearly two-thirds of those selling a home have never done so before.
Legislation and technology are transforming CRE
10/28/2016 | Real Estate Blog
Many investors in Pennsylvania and around the country stay out of the commercial property market because of the complex paperwork and the amount of regulations involved, but legislation designed to boost investment and the advent of the information age has opened the real estate market up in recent years. In 2012, President Obama signed the Jumpstart Our Business Startups Act into law, and one of the provisions of the legislation allows real estate developers to reach a far wider audience […]
Fall is bargain season for residential real estate
10/26/2016 | Real Estate Blog
The residential real estate market in Pennsylvania is most active during the spring and summer months, but there are a number of reasons why those looking for a new home might be wise to wait until the fall to begin their searches. The real estate information company RealtyTrac studied 15 years’ worth of data and more than 30 million American home sales, and they found that houses sold for prices about 2.6 percent lower than their estimated market values when […]
Investors buying real estate in out-of-state markets
10/24/2016 | Real Estate Blog
Pennsylvania real estate investors might be interested in learning about a trend for those who live in high-priced markets along the East and West Coasts. Investors are increasingly purchasing properties in areas with low home prices but competitive rents in other states using firms.
A Tenant’s Right to Assign or Sublet a Commercial Lease
10/21/2016 | Real Estate Blog
Over the past several years as businesses struggle to ride out the tough economic times, they have had no choice but to downsize. Tied to commercial leases for more office or retail space than they need, an assignment of the lease or the subletting of the extra space seems like an attractive way of saving on expenses. In making the decision whether to assign or sublet, the tenant should first carefully examine its lease to determine whether the lease contains […]