Author Archives: thepierrottgroup

In Today’s Economy, 58 Percent of U.S. Homeowners Can’t Afford to Buy Their Current Home

Around 40 percent of U.S. renters also believe homeownership is out of reach According to a recent survey by national property broker Redfin, almost 58% of U.S. homeowners feel they probably couldn’t afford to repurchase their current homes at today’s prices and mortgage rates. This insight comes from a survey carried out in February 2024…

Commercial Mortgage Lending in U.S. Shows Signs of Stabilization in Late 2023

According to new data from CBRE, commercial real estate lending in the U.S. demonstrated signs of stabilization at the end of 2023, with borrowing costs appearing to have peaked, even as transaction activity remains subdued. The CBRE Lending Momentum Index, which tracks the pace of CBRE-originated commercial loan closings in the U.S., increased by 1.0% from…

World Property Ventures Core Mission: Create Significant Shareholder Value Through Digital Disruption

(Miami, Fl and Irvine, Ca) Newly formed World Property Ventures was created with one purpose in mind: “Build better mouse traps for the global real estate industry”, says company founder and CEO Michael Gerrity. Michael Gerrity To that end, Gerrity points out the global property industry is a massive $300+ trillion-dollar addressable marketplace that at…

Architecture Billings Decline in December as Soft Business Conditions Persist

According to the American Institute of Architects latest AIA/Deltek Architecture Billings Index, the ABI remained below 50 for December 2023, indicating soft business conditions in the U.S. to close out 2023. The score of 45.4 remained essentially flat from November 2023. Any score below 50.0 indicates decreasing business conditions but there are encouraging signs of…

How to Break Up with Realtor from 1st house purchase

We are getting ready to list our house and search for a new home. The buyers agent I used to buy our first house has kept in touch over the years (it’s been almost 5) with cards, events, newsletters, etc. We have mutual acquaintances but we are not friends, just a professional relationship. I’m thinking…

Market Statistics September 2023

Tourist Bookings to Hawaii Down 50 Percent Since Maui Wildfires

According to AAA, two months following the devastating wildfires in Maui, most of West Maui will begin to reopen to visitors on Sunday, October 8, 2023. The tragic wildfires killed 97 people and destroyed much of the historic town of Lahaina. The loss of life, property, cultural and historic sights, and livelihoods has led to…

Greater Las Vegas Home Sales Down 10 Percent Annually in September

Yet home and condo prices hold steady last month Las Vegas Realtors are reporting this week that prices for local Southern Nevada homes and condos are holding steady, matching prices from one year ago. LVR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during September…

Most U.S. Homebuyers Say Buying a Home is More Stressful Than Dating in 2023

According to a new Redfin-commissioned survey, nearly two-thirds of recent U.S. homebuyers (59%) think purchasing a house is more stressful than dating. Daryl Fairweather “Getting ghosted by your date is stressful, but purchasing a home in today’s market comes with its own unique set of anxieties,” said Redfin Chief Economist Daryl Fairweather. “Buyers are increasingly…

Market Statistics September 2023