Michael Gerrity, Founder & CEO - WORLD PROPERTY JOURNAL™
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).
As founder and CEO of the WORLD PROPERTY JOURNAL, Mr. Gerrity has also been interviewed over the last few 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.
According to CoreLogic, preliminary property loss estimates in Florida from Hurricane Irma, total insured and uninsured loss for both residential and commercial properties, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion.
Despite being in the prime years to buy their first home in the U.S., an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame.
According to ATTOM Data Solutions' Q2 2017 U.S. Home Flipping Report, 53,638 single-family homes and condos were flipped nationwide in the second quarter of 2017, a home flipping rate of 5.6 percent of all home sales during the quarter.
Global real estate consultant Knight Frank is reporting since the UK's vote to leave the EU in June 2016, there has been widespread concern that jobs might leave the UK, or firms will delay recruitment.
Hong Kong is once again the world's highest-priced office market according to CBRE's semi-annual Global Prime Office Rents survey.
According to a new CBRE thought leadership paper, circa $300 billion worth of Australian residential assets could be owned by institutional investors within the next couple of decades if the multifamily sector evolves in the same vein as the US.
According to Zillow, rental houses in the U.S. have been in high demand since the housing market crashed, but a lack of supply has made renting those homes more expensive.
According to a new survey commissioned by Freddie Mac, a significant majority of the U.S. multifamily industry believes the rental housing market will continue to grow, fueled by increasing demand and a growing population.
More than 2 million (2,033,296) loans were originated on U.S. residential properties (1 to 4 units) in the second quarter of 2017, up 27 percent from a three-year low in the previous quarter but still down 12 percent from Q2 2016.
Hurricane Harvey's impact on Houston's commercial real estate market was significant. . Houston's commercial real estate market is resilient after weathering Hurricane Harvey and the largest rainfall the area has recorded in decades.
According to Irvine, Ca-based CoreLogic, an estimated 8,456,455 residential and commercial properties in Florida are at either "Extreme," "Very High" or "High" risk of wind damage from Hurricane Irma.
According to Zillow, holding onto your home for a long period of time over the last decade meant a serious return on investment, especially in some of the nation's hottest housing markets.
U.S. home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.7 percent from July 2016 to July 2017, and on a month-over-month basis, home prices increased by 0.9 percent in July 2017.
According to CBRE, Australia's commercial real estate remains an attractive asset class for offshore capital, with foreign investors accounting for 33% of all transaction activity in the first half of 2017.
The National Association of Home Builders chairman Granger MacDonald, issued a statement in the wake of Hurricane Harvey.
According to the latest research from CBRE, global real estate continues to serve as an attractive asset class for investors, with Asian outbound investment into the sector posting significant year-on-year gains in the first half of 2017.
According to the National Association of Home Builders' latest Multifamily Production Index, the U.S. Condo and Apartment market is enjoying a nice rebound this summer, as the MPI index posted a gain of eight points to 56 in the second quarter of 2017.
52 percent of residential and commercial properties in the Houston metro are at "High" or "Moderate" risk of flooding, but are not in a Special Flood Hazard Area (SFHA) as identified by the Federal Emergency Management Agency (FEMA).
According to the Miami Association of Realtors, Miami's existing condominium sales increased for the second time in three months and $1-million-and-up luxury transactions surged for all properties in July 2017.
Over 232,721 homes along the Texas coast with a reconstruction cost value (RCV) of approximately $39.6 billion are at potential risk of hurricane-driven storm surge damage from Hurricane Harvey.