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.
Rising home prices and low inventory led to a decline in foreign home purchases in the United States. Total international sales totaled $121 billion during April 2017 to March 2018, a 21 percent decline from the previous 12-month period, according to an annual survey from the National Association of Realtors.
There are good reasons why citizens of many countries should, and indeed, have a right to acquire a second citizenship, particularly in a new country where taxes are reasonable.
According to Transwestern's second-quarter 2018 national office market report, continued improvement in the U.S. office sector was due in large part to a strong jobs market with remarkably low overall unemployment of 3.9 percent, and a 1.6 percent annual growth rate in office-using employment.
According to Redfin, luxury home prices in the U.S. rose 5.2 percent year over year to an average of $1.9 million in the second quarter of 2018. This is lower growth than in the first quarter, when prices were up 7.3 percent.
According to Florida Realtors, the second-quarter of 2018 saw increased sales, higher median prices and more new listings across a number of Florida's housing markets.
Property listings portal Zillow is now reporting that over the next year, 23 more cities across the U.S. will make Zillow's "$1 Million City List," defined as a city with a median home value of $1 million or more.
According to the Miami Association of Realtors, Miami-Dade County existing condominium sales surged 5.6 percent in 2Q 2018 as median prices for all properties rose for the 26th consecutive quarter.
According to global real estate consultant CBRE, commercial real estate investment volume in the U.S. totaled $118.8 billion in Q2 2018, an increase of 1.7% from Q2 2017.
According to the Greater Las Vegas Association of Realtors, local home prices are leveling off this summer as the housing supply has stopped shrinking but still remains tight.
A new research by price comparison website MoneySuperMarket reveals that the UK is the most expensive location to raise a family in Europe.
Based on a new report by the Orlando Regional Realtor Association, the inventory of homes available for purchase in the Orlando area in July 2018 displayed its greatest percentage of decrease yet in 2018
U.S. markets where residential land use has the strictest regulations, and which often struggle to accommodate new housing, strong job growth, is also associated with a much larger increase in home values.
According to a new report by global real estate consultant CBRE, the U.S. commercial real estate lending market remains robust in 2018, despite financial market volatility and heightened trade tensions.
To minimize the impact of the new vacancy tax, developers are likely to switch more unsold luxury flats from the sales to leasing market.
According to JLL, the vacancy rate of Moscow's office market continued to decline in Q2, 2018 amid low completions and rising take-up. The current vacancy, at 12.0%, is the lowest since Q3 2008. The decline began in Q3 2015 when it was 17%.
According to Freddie Mac's July 2018 Housing Forecast, exceptionally low housing supply and weaker affordability slowed the housing market in the first half of 2018, but total sales activity should still slightly top year-ago levels.
U.S. companies in pursuit of highly skilled tech talent - spanning every industry today - might be in for more sticker shock. Combined talent and occupancy costs are up by as much as 12.5 percent over last year as competition for tech talent has heated up.
U.S. single family homes and condos sold for a median price of $255,000 in the second quarter, up 6.3 percent from a year ago to a new all-time high but the slowest annual appreciation since Q2 2016.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, U.S. sales of newly built, single-family homes fell 5.3 percent in June 2018, to a seasonally adjusted annual rate of 631,000 units after a downwardly revised May 2018 report.
According to the latest Property Market Monitor released by JLL, office rents overall in Hong Kong grew 0.9% month-over-month in June 2018, bringing growth for the first half of 2018 up to 3.6%.