Michael Gerrity, Founder & CEO - WORLD PROPERTY JOURNAL™
As founder and CEO of THE WORLD PROPERTY JOURNAL -- the #1 organically-ranked "International Real Estate News" site in the world today by Google -- Mr. Gerrity has been interviewed over the years by numerous local and national news media organizations that include NBC Nightly News with Brian Williams, NBC Today Show, TIME Magazine, Orlando Sentinel, Orlando Business Journal, The New York Times, Palm Beach Post and Florida Trend Magazine. Mr. Gerrity was also awarded the prestigious "40 under 40" Entrepreneur Achievement Award of Central Florida from the Orlando Business Journal in 2000.
Besides running the day to day operations of THE WORLD PROPERTY JOURNAL, Mr. Gerrity has also served on several Boards over the last decade that include the Central Florida Technology Partnership's Digital Media Advisory Board, City of Orlando’s Technology Board, The Economic Development Commission’s Film & Television Board and he is a founding Board Member of Digital Media Alliance Florida - a statewide digital media industry association. In addition he is a member of the National Association of Real Estate Editors (NAREE).
Mr. Gerrity is also founder of GERRITY CAPITAL, a real estate technology venture capital firm based in Miami, Fl.
According to CBRE's Q3 2018 Manhattan retail market report, New York City retail rents continued to drop during the third quarter, but forecasters are optimistic for the impending holiday shopping season.
The Mortgage Bankers Association expects to see $1.24 trillion in purchase mortgage originations in the U.S. during 2019 - a 4.2 percent increase from 2018. MBA anticipates refinance originations will continue to trend lower next year, decreasing by 12.4 percent to $395 billion.
Global property consultant Cushman & Wakefield is reporting this week for the third quarter of 2018 showed strengthening occupancy growth for Silicon Valley's office and R & D sectors.
Steadily increasing visitor arrivals to Hong Kong have resulted in hotel occupancy rates reaching all-time highs and triggering the return in hotel room rate growth.
According to a housing and economic forecast released today by the California Association of Realtors, a combination of high home prices and eroding affordability is expected to cut into housing demand and contribute to a weaker housing market in 2019.
According to CBRE Asia Pacific, flexible office space is expanding rapidly across the entire Asia Pacific region driven by maturing occupier requirements for flexible working environments.
A total of 177,146 U.S. properties with foreclosure filings in the third quarter of 2018, down 6 percent from the previous quarter and down 8 percent from a year ago to the lowest level since Q4 2005.
Over 57,002 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion are at potential risk of storm surge damage from Hurricane Michael.
According to CBRE's latest Manhattan Office MarketViews Report for the third quarter of 2018, office leasing activity totaled 6.73 million sq. ft. in Q3 2018, 3% behind its five-year quarterly average
According to a new report by Zillow, value of U.S. homes that were foreclosed on during the Great Recession are appreciating rapidly, up 10.3 percent over the past year, while the typical U.S. home is appreciating 6.5 percent annually.
With U.S. economic fundamentals showing fortitude against trade fears, interest rate hikes and diverging global economies, the tightening labor market appears the biggest threat to the pace of continued economic growth.
Based on ATTOM Data Solutions newly released Q3 2018 U.S. Home Affordability Report, U.S. home prices in the third quarter of 2018 were at the least affordable level since Q3 2008 -- a 10-year low.
Office parking ratios in both downtown and suburban office markets across the U.S. and Canada are unlikely to see significant change in the next five years, despite increases in ride sharing and the anticipation of autonomous vehicles.
Buying a home is one of the most expensive transactions someone will ever make, and home shoppers can expect to spend $40,000 on average in one-time fees on the typical U.S. home.
According to Freddie Mac's most recent Primary Mortgage Market Survey for late September 2018, U.S. mortgage rates in the past week surged to their highest level in over seven years.
According to Singapore-based Edmund Tie & Company, private residential property prices in Singapore continued to increase in Q2 2018, with the Urban Redevelopment Authority (URA) private residential property price index increasing by 3.4 per cent quarter-on-quarter (q-o-q).
According to the latest House Price Report by property website, Daft.ie, Ireland home prices nationally rose by 1.3% in the third quarter of 2018. The average price nationwide between June and September 2018 was €257,000, 6.6% higher than a year ago.
According to the latest Property Market Monitor released by JLL, Grade A office rents in Hong Kong advanced by 0.7% m-o-m in August, with Wanchai/Causeway Bay posting the strongest growth on the back of robust demand, up 1.0% month-over-month.
More than 1.5 million loans secured by residential property were originated in Q2 2018, down 16 percent from the previous quarter and down 27 percent from a year ago to the lowest level since Q1 2014.
According to International real estate consultant Savills' 30th annual Financing Property report, the UK property lending market is largely stable as a result of pressure on interest cover ratios (ICRs) and debt yields.