North Jersey poised to become one of U.S.’s hottest real estate markets in 2021, survey says

With well documented reports of people moving out of the crowded Northeastern cities and towns, an annual survey of real estate industry professionals predicts Northern New Jersey could be the country’s fourteenth hottest market in 2021.



a group of people sitting on top of a building: Thursday, October 15, 2020 - The ribbon is cut as the Trenton Housing Authority and Conifer Realty celebrate the completion of Turner Pointe, a new affordable family rental community located in North Trenton. HUD Regional Administrator for New York and New Jersey Lynne Patton also presented a ceremonial check for $6,047,038 to Mayor Gusciora representing the amount of aid Trenton receives under the CARES Act.


© Michael Mancuso | NJ Advance Media for NJ.com/Michael Mancuso | NJ Advance Media for NJ.com/nj.com/T…
Thursday, October 15, 2020 – The ribbon is cut as the Trenton Housing Authority and Conifer Realty celebrate the completion of Turner Pointe, a new affordable family rental community located in North Trenton. HUD Regional Administrator for New York and New Jersey Lynne Patton also presented a ceremonial check for $6,047,038 to Mayor Gusciora representing the amount of aid Trenton receives under the CARES Act.

The Urban Land Institute’s Emerging Trends in Real Estate 2021 also gave North Jersey real estate high rankings in other categories, in some cases beating out New York, its outer boroughs and Long

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15 Real Estate Markets You Should Consider Investing in Before 2021

It’s a hard time to be a landlord. With tenants struggling financially, eviction moratoriums in place, and rents falling, it seems many rental investors just can’t catch a break. Fortunately, it’s not all doom and gloom everywhere.

In fact, there are actually quite a few markets where rents are rising. If you’re on the hunt for a new investment (or just a way to balance out those losses you’re dealing with), these might be the markets you want to consider.

Chesapeake, Virginia, and Norfolk, Virginia

According to data from rental platform Zumper, rents on one-bedroom properties in Chesapeake rose 5.4% last month, clocking in at just under $1,200. It’s the 38th most expensive rental market in the country.

Nearby Norfolk is also a safe bet. Rents on one-bedrooms increased 5.2% over the month.

Rochester, New York

In Rochester, renters saw a 5.3% increase in price on one-bedroom properties — the

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The best real-estate markets in America, based on economic strength

  • If you’re interested in home buying, you should understand the housing market first. 
  • Home prices have been rising on average throughout the pandemic, even though supply and demand vary significantly nationwide based on location. 
  • Personal finance website WalletHub studied and ranked the best markets to buy a home in the US, where Boise topped the list, followed by Seattle.
  • Visit Business Insider’s homepage for more stories.

Whether you’re looking to invest or to find a new home, understanding the housing market is important before you purchase a property. 

And this year has been the right time to buy for many Americans, as interest rates have have hit record lows in recent months as a result of the coronavirus pandemic.

Despite opportunity for some, home prices have been rising throughout the pandemic on average, even though supply and demand varies significantly nationwide based on location. 

To determine the best real-estate markets

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Mansion Global Daily: Luxury Sales Bounce Back in Florida, Vacation Markets See Increased Demand, and More

Luxury Sales in South Florida Rebounded Sharply, Driving Prices Higher

The median luxury house in Miami sold for $1.94 million, up more than 30% over last year. Read More

BY THE NUMBERS


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A New England-Style Home, Built in 1840, in the U.K.’s Kent

The property, set on three acres, features several outbuildings. Read More

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NEWS BITES

Penthouse at Hong Kong’s St George’s Mansions Sells for HK$238 Million

A 3,330-square-foot penthouse with a 2,933-square-foot balcony at the St George’s Mansions project in Kowloon, Hong Kong, has sold for more than HK$238 million (US$31 million). The home was the second-most-expensive deal in the past three months in Hong Kong. The St George’s Mansions project has three 20-story buildings surrounded

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CBRE highlights 6 markets with rapidly growing life science clusters

  • Life science real estate is hot, with the lab space square footage growing by almost 12% across the US in the last year, according CBRE report detailing growth in the largest biotech clusters. 
  • CBRE’s report highlighted the 13 largest biotech clusters and the top 10 emerging clusters, showing how record amounts of funding from the National Insitutes of Health and venture capital are translating to the real estate markets.
  • Business Insider highlighted 6 clusters that are seeing large amounts of growth, whether they’re established but growing very rapidly, like New York City, or they’re emerging, like Pittsburgh and Houston.
  • Visit Business Insider’s homepage for more stories.

Real estate to house pharmaceutical, biotech, and other medical research professionals is growing at a rapid pace and rents continue to rise, a sign that tenant demand can support the increasing attention on life sciences from institutional investors and developers. 

Lab space has grown

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D-FW ranks as one of the top U.S. property markets for 2021

For the second year in a row, Austin out shines Dallas-Fort Worth in a long-running real estate beauty contest.

But the real star of the annual Emerging Trends in Real Estate report is Raleigh-Durham, N.C., which was voted the top metro market to watch in the year ahead.

The widely anticipated report – in its 42nd year – quizzes hundreds of real estate pros from across the country to rate the best property markets for the year ahead. The study is done by the Urban Land Institute and PriceWaterhouse Coopers.

D-FW was ranked first two years ago in the poll. And last year Austin took the lead.

D-FW has moved up from sixth to fourth place in the newest poll that asks real estate execs where will be the hottest places to buy and build in 2021.

The emphasis for next year is smaller urban markets – not mega coastal

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Different Investment Opportunities in Property Markets

The real estate market thrives with many opportunities that give chance to people to earn. The portfolio is diverse such that there are also many investments to try.

Rental properties are among the most common of the real estate property investments. This is as simple as buying out the property and letting someone (tenant) rent it for some period as determined by a contract. While the landlord (property owner) is responsible for maintenance and tax dues, the tenant has the obligation to pay for the monthly rent.

The downside to this investment is if the landlord will have to deal with irresponsible tenants. These people do not care at all and can end up damaging the property.

If you’re not keen with this property investment, you can try the real estate investment group. It will let you buy apartment blocks, condo units or even townhouses with a single company acting … Read More