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.
Hong Kong's unemployment rate has increased progressively to a nine-year high amid the COVID-19 pandemic and social tension. The rising unemployment rate in the city is putting pressure on local housing prices.
Las Vegas Realtors are reporting this week that existing home prices in Southern Nevada hit a new peak in March 2020, despite the onset of a local and national state of emergency related to the coronavirus pandemic.
According to ATTOM Data Solutions' Special Report spotlighting county-level housing markets around the United States that are more or less vulnerable to the impact of the Coronavirus pandemic.
Liquidity to mortgage servicers needing additional capacity to support homeowners and renters impacted by COVID-19.
The UK has reconfigured a number of commercial property to save lives, and has demonstrated it is possible to swiftly create new temporary uses for real estate.
U.S. housing industry stands poised to lead the economic rebound once social distancing and other virus mitigation efforts show success in containing the coronavirus pandemic.
There were a total of 48,004 U.S. properties with foreclosure filings, default notices, scheduled auctions or bank repossessions.
NAIOP is predicting that the coronavirus outbreak will accelerate trends that had been forming in commercial real estate and cause dramatic changes in the industry faster than had been anticipated.
Affordable East Coast and Midwest cities have the lowest overall economic risk in the 2020 recession that began in March 2020.
Residential construction industry as an "Essential Infrastructure Business"
Senate passage of the nearly $2 trillion stimulus package to combat the coronavirus pandemic.
The median U.S. home price in the first quarter of 2020 was unaffordable for average wage earners in 319 of 483, or 66 percent of the U.S. counties analyzed in the report.
Given growing U.S. housing market uncertainty caused by the recent Coronavirus outbreak, Zillow Group announced this week it will pause home buying in all 24 U.S. markets where Zillow Offers currently operates in response to local public health orders related to COVID-19.
Singapore-based real estate consultant Edmund Tie is reporting this week that in 2018, the price gap between new and resale private homes stood at a considerable 35%.
Irish property listings site Daft.ie is reporting this week that home rental supply is significantly rising based on the spike of listings posted in March 2020.
National rent increase of 2.9% year over year, down slightly from a 3.2% year-over-year increase in January 2019. Rent prices are now increasing at double the rate of inflation, presenting affordability challenges among current and prospective renters.
Total housing starts decreased 1.5 percent in February 2020 from an upwardly revised January reading to a seasonally adjusted annual rate of 1.60 million units.
The level of U.S. commercial and multifamily mortgage debt outstanding at the end of 2019 was $248 billion (7.3 percent) higher than at the end of 2018.
The Orlando Regional Realtor Association is reporting this week that Orlando's housing market in February 2020 saw its home sales improve by more than 4% compared to February 2019
According to the Miami Association of Realtors, Miami-Dade County total home sales surged double digits year-over-year in January 2020 thanks to a robust increase in mid-market and $1-million-and-up transactions.