Montana high-end real estate market sees massive 2020 growth

MISSOULA, Mont. (AP) — Professionals working in Montana’s real estate market say sales of high-end properties have experienced growth in 2020 far beyond their expectations.

The state has recorded sale and price figures that are among the highest in the nation, The Missoulian reports.

Dawn Maddux, a global real estate advisor at Engel & Völkers Western Frontier in Missoula, said her office did 107% more business this year through October compared to last year in sales of vacation homes and luxury properties listed at over $500,000.

“It’s insane,” Maddux said. “Our business has grown exponentially every year, but this year is a record-breaking year.”

A property listed at $7.6 million had three offers, while a lodge listed at $5.7 million received a “very strong” cash offer. Many buyers offer cash, precluding the need for financing, Maddux said.

“It’s a strong seller’s market,” Maddux said. “Things are going for a

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Discovery Eyes Market of 70 Million U.S. Homes for Discovery Plus Streaming Service

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Discovery expects its forthcoming Discovery Plus streaming service to have an addressable market in the U.S. of at least 70 million homes — and at least 400 million households globally.

That’s based on the assumption that there are 300 million broadband-only homes in the United States and about 80 million pay-TV homes, Discovery CFO Gunnar Wiedenfels said in a presentation for investors.

“All of a sudden, with this product, we’re able to address a much, much larger global community here,” he said.

Wiedenfels said over the long term “once we hit scale,” Discovery Plus is expected to deliver margins of 20%. In the U.S., Discovery Plus will launch Jan. 4 with a monthly price of $4.99 with ads and $6.99 without ads.

Discovery’s average revenue per pay-TV household in the U.S. is $7 per month, Wiedenfels said, and “I’m very confident that, with

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Market Factors Make South Florida Industrial Almost A Sure Bet

Ed Easton started his industrial real estate company, The Easton Group, in 1974. He now controls about 5M SF of space. 

“When I started in the industrial market, nobody liked industrial,” he recalled during a Bisnow webinar on South Florida’s industrial market Nov. 18. “When I first took my wife off to see what I did for a living, she said, ‘What the heck is this?’ She didn’t get it. Nobody got it.”

That’s certainly different today, in the era of e-commerce.


Courtesy of Prologis

Prologis I-595 is a warehouse/distribution park strategically located in the center of Broward County along the I-595/SR 84 corridor.

Until now, there have been fewer than 10 companies having any significant involvement in the local market, Easton said. That is starting to change, with more players in fierce competition for limited assets.  

“We’re seeing some firms coming in from Chicago or even out west and

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Commercial Real Estate Executives Optimistic Despite Serious Current Market Challenges

WASHINGTON, Dec. 2, 2020 /PRNewswire/ — Commercial real estate executives expressed a modest increase in optimism about future market conditions, according to The Real Estate Roundtable’s Q4 Economic Sentiment Index, released today. A majority of respondents to the annual survey noted that general conditions one year from now will be either “somewhat better” or “much better” than today. 

Those surveyed noted particularly challenging economic conditions in the hospitality and retail sectors; market uncertainty associated with future office space use; somewhat stable multifamily markets, and relatively stronger industrial and life science markets. They cited industry fundamentals, functioning capital markets, industry-wide low leverage and modest lender debt service forbearance as factors in the industry’s ability to thus far withstand the very serious COVID-related market challenges.

“Nearly every sector of the commercial real estate industry is facing serious economic challenges due to the overall impact of the pandemic. High unemployment, closed businesses,

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Boise real estate market remains hot, Idaho leads nation in home value increase

Forbes is reporting that prices for houses across the U.S. continue to surge, with Idaho leading the way.

BOISE, Idaho — Housing prices across the U.S. continue to soar, and according to Forbes, Idaho is leading the way.

The Federal Housing Finance Agency reports that home prices across the nation rose 7.8% for the 12 months that ended on Sept. 30. That’s the fastest climb in more than a decade. The average price of a U.S. home stood at $262,604 in October.

The biggest increases in home prices were seen out West.

Idaho surged the most, with a year-to-year increase of 14.4%. Boise remains a hot spot for real estate. According to the FHFA, since 1991, the median home in Boise has appreciated 391%. That’s one of the largest increases in the country.

Arizona came in second behind Idaho with an 11.1% year-over-year gain. Washington at 10.8% and Utah at

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Global Home Entertainment Industry Analysis, Size, Market share, Growth, Trend and Forecast to 2025

The MarketWatch News Department was not involved in the creation of this content.

Dec 02, 2020 (Heraldkeepers) —

A New Market Study, titled “Home Entertainment Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.

This report provides in depth study of “Home Entertainment Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Home Entertainment Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

This market report offers a comprehensive analysis of the global Home Entertainment market. This report focused on Home Entertainment market past and present growth globally. Global research on Global Home Entertainment Industry presents a market overview, product details, classification, market concentration,

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J.R.R. Tolkien House Comes on the Market

The longtime home of the author J.R.R. Tolkien is about to re-enter the market, and a crowdfunding campaign has been started with hopes that “Lord of the Rings” and “Hobbit” fans will support an initiative to purchase, restore and turn the property into a Tolkien museum.

Project Northmoor, as the group effort is called, began a three-month campaign on Wednesday to raise at least $5.3 million to buy the house at 20 Northmoor Road on the outskirts of Oxford, England. It was there that Tolkien lived with his wife, Edith, and their four children, from 1930 to 1947, and wrote “The Hobbit” and much of the “Lord of the Rings” fantasy trilogy.

The nonprofit group wants to set up a literary center at the house devoted to Tolkien studies. “The worldwide Tolkien fan base is enormous, but there is no center for Tolkien anywhere in the world,” said Julia Golding,

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Prospering Automotive Industry to Paint Strokes of Growth across Automotive Head-up Display (HUD) Market during Assessment Period of 2020-2030: TMR

ALBANY, N.Y., Dec. 2, 2020 /PRNewswire/ — The automobile industry is prospering at a rapid rate. Barring the short-term negative impact on the growth of the automobile sector during the strict lockdown period, it is regaining rapidly. Factors such as rising disposable income of the global populace and the emergence of affordable passenger vehicles are leading to increased sales. This, in turn, influences the growth of the automotive head-up display (HUD) market to a great extent.

Head-up displays show varied information regarding speed, indicator arrows during navigation, or warning signals directly in the sight of the driver. S/he does not have to look constantly at the instrument cluster for obtaining information. This aspect makes head-up displays one of the most important components of any passenger vehicle, eventually inviting growth.

The researchers at Transparency Market Research (TMR), after a scrutinized study on varied aspects, conclude that the global automotive HUD

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Life magazine ‘Dream Home’ hits market in Austin – Business – Austin American-Statesman

A “Dream Home” designed by acclaimed architect Michael Graves for Life magazine, is on the market in Central Austin priced at $1.299 million.

The design was one of six commissioned by Life in the 1990s, part of a series to showcase designs of attainable homes by celebrated architects.

The two-story home Graves designed appeared on the magazine’s cover in 1996. The headline read: “World-famous architect Michael Graves, who has designed everything from teapots to hotels in Disney World, designs your Dream House at a price the typical American family can afford.”

Graves was commissioned to create the Dream House design for the magazine’s series in 1996. The homeowner in Austin built the house with Graves’ design in 1997, adding some custom amenities, including a two-car garage. The house is at 4225 Shoal Creek Blvd.

“The fact that this home has a place in architectural history is very exciting,” said Salena

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What’s next for the Madison Public Market?

As a small business owner who hopes to sell her red chili paste, ginger-garlic sauce and peanut satay sauce at the Madison Public Market, Josey Chu has high hopes for what the local food destination may become.

“I envision a group of vendors that are truly diverse — different ethnicities, different cultures, different backgrounds. I envision a place where there are various items for sale and various people’s dreams are coming true,” says Chu, who created her Madame Chu Southeast Asian sauce company in 2017. “I envision walking in there and seeing a lot of happy faces, where teenagers will come and the elderly will come and people will be sharing and talking about the progression of our state. It will be a place where people truly come together and where new ideas can be generated.”

While Chu’s dream of a welcoming, inclusive community anchor closely aligns with that of

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