January 29, 2025 - 21:58
A top real estate CEO has warned that California is battling a 'triple threat' which has never been seen before. The CEO highlighted three major challenges that are significantly impacting the state's housing market: rising interest rates, a shortage of available homes, and increasing construction costs.
As interest rates climb, potential homebuyers are finding it more difficult to secure affordable financing, leading to a slowdown in market activity. Simultaneously, the state is grappling with a persistent lack of housing inventory, which has only exacerbated the situation. This shortage has been attributed to various factors, including stringent zoning laws and a lack of new developments.
Moreover, the escalating costs of construction materials and labor are further complicating efforts to build new homes. This combination of factors is creating a perfect storm that threatens to hinder California's real estate recovery. The CEO emphasized the urgent need for innovative solutions and policy changes to address these challenges and ensure a stable housing market for residents.
June 24, 2025 - 06:13
Goldman Sachs Appoints Aekloveya Shyam as Head of M&A in Global Real EstateGoldman Sachs has made a significant leadership change by appointing Aekloveya Shyam as the new head of mergers and acquisitions (M&A) within its Global Real Estate Group. This decision was...
June 23, 2025 - 23:14
Katherine Cruz Elevated to Engineering Manager at Hancock AssociatesDanvers, MA—Hancock Associates has announced the promotion of Katherine Cruz, P.E., LEED AP, to the position of Engineering Manager. Known affectionately as `Katie` among her colleagues, Cruz has...
June 23, 2025 - 11:48
Will the US-Iran War Trigger an Economic Crisis in America?As tensions escalate between the United States and Iran, concerns are mounting about the potential repercussions on the American economy. Analysts warn that a prolonged conflict could lead to...
June 22, 2025 - 21:27
This Week's Most Sought-After Brooklyn Properties: A Focus on Ditmas ParkIn the latest round-up of popular Brooklyn listings, attention has shifted to an array of charming properties, including a notable Colonial Revival home in Ditmas Park. These listings showcase the...