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 the National Association of Realtors, pending home sales were mostly unchanged in July, but rose modestly for the sixth time in seven months.
Sales of properties in-foreclosure and cash sales were down from a year ago to multi-year lows while year-to-date U.S. home sales in 2015 are at an eight-year high
Chinese-Americans outspent offshore (mainland Chinese) buyers of US real estate by nearly 5 to 1 in 2014. Chinese-Americans invested $105.5 billion in US real estate.
The Miami real estate market continued its historic summer by registering its second-highest single-family home sales month in history in July 2015.
The continued delivery of high-end rental housing -- along with a lack of newly constructed moderately-priced apartments -- is contributing to strong overall rent growth.
Of the $19 billion of outbound property investment coming out of Asia in the first half of 2015, China leads as the largest source of Asian outbound capital, followed by Singapore and Hong Kong.
Private equity, public equity, private debt and public debt--reported an uptick in real estate capital market transactions in the second quarter of 2015 across Asia.
Miami's residential property market continues to maintain pricing power this summer.
According to Juwai.com's Chinese Purchasing Intent Index for Thailand, the desire by Chinese to buy property in Thailand has outperformed that of larger countries.
According to global property advisor Knight Frank, Specialist Property investment is set to achieve a record year, with transaction volumes likely to reach £12bn in 2015.
Annual China-sourced outbound flows to commercial real estate experienced a compound annual growth rate of 72% to reach over $10 billion for the year 2014.
RealtyTrac is now reporting that 30,013 single family homes were flipped in the U.S. in the second quarter, 4.5 percent of all single family home sales during the quarter.
According to CBRE Group, an average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term.
According to a new report by JLL, distribution centers near the nation's top seaports are bursting with consumer goods and other cargo.
No cycle lasts forever, and a choppy July in the global financial markets reminds us that historically UK real estate has usually gone into a downturn due to an external shock in the macro-economic environment.
Panama Canal's expansion, the first major renovation the canal has undergone since its opening in 1914, is a milestone that will have a major impact on the global trade industry.
China driven outbound capital flows to commercial real estate in last four years experienced a compound annual growth rate (CAGR) of approximately 72%.
Distressed sales, cash sales and institutional investor sales in June were all down from a year ago to multi-year lows even as sales to first-time homebuyers and other buyers using FHA loans increased