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 international property consultant JLL, with no new shopping centres delivered to the market in Q1 2017, the vacancy rate in existing retail properties in Moscow declined from 7.5% to 7.2%.
According to international real estate consultancy Cluttons, weakening economic conditions, tapering off in demand for oil and gas, and an increase in real estate supply has led to increased pressure on the Bahrain real estate industry.
A government-led delegation of UK investors and developers are set to visit the Middle East to strike deals with investors as they continue to plough their wealth into the UK post-Brexit.
Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.
According to JLL, lower Manhattan recorded more than 2.3 million square feet in leasing transactions in the first quarter of 2017.
Mortgage applications for new home purchases increased 6.7 percent compared to March 2016. Compared to February 2017, applications increased by 23 percent relative to the previous month.
According to Freddie Mac's latest Primary Mortgage Market Survey released April 13, 2017, the 30-year mortgage rate in the U.S. dropped for the fourth consecutive week and hitting a new low for 2017.
According to ATTOM Data Solutions' Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and in 102 out of 216 metropolitan statistical areas (47 percent) analyzed in the report.
According to a new U.S. second-home survey by the National Association of Realtors, last year's strongest pace of existing home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors.
According to Freddie Mac, more U.S. home renters are optimistic about their financial situations and expect to stay where they are even if their rents increased.
According to CBRE Group, Inc., vacant space in the U.S. office market rose modestly during the first quarter of 2017 (Q1 2017) to 13.0 percent. The 10 basis points (bps) increase was attributable to increased office supply.
According to international real estate consultant Cluttons, values across Dubai's freehold residential areas slid by 8.8% in 2016, largely in line with Cluttons' original forecast for the year of -10%.
According to the Mortgage Bankers Association's 2016 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation, U.S. commercial and multifamily mortgage bankers closed $490.6 billion of loans in 2016.
According to Cushman & Wakefield, commercial tenant demand for U.S. office space continued to cool off in the first quarter of 2017. Occupancy levels remained stable, though, and rents continued to rise in most markets.
The depreciation of the pound, coupled with a slight drop in capital values, has led UK commercial real estate to be discounted by 16% on average by overseas capital.
According to ATTOM Data Solutions' Q1 2017 U.S. Home Affordability Index, one in every four county U.S. housing markets analyzed for the report were less affordable than their historic affordability averages in the first quarter of 2017.
A slowing rate of decline across all sectors of the Dubai real estate market suggests increasing stability and the expectation of the market 'bottoming out' before the end of 2017, but the planned introduction of VAT on January 1, 2018 is already causing nervousness amongst existing commercial tenants.
demand for U.S. commercial real estate assets from High Net Worth Individuals (HNWI) -- those with more than $1 million in liquid assets -- rose in 2016 to $10.3 billion. This marks the highest level since 2013.
The rapid growth of e-commerce fulfillment networks in recent years has resulted in a steady increase in the height and volume of warehouses and distribution centers.
According to JLL's latest Hong Kong Residential Sales Market Report released this week, HNA Group and related companies have arguably succeeded in resetting prices in Kai Tak after snatching four residential plots.