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.
According to AAA Travel, Thanksgiving will be on the lighter side when it comes to the typical number of travelers on U.S. roads and airports.
Property broker Redfin is reporting this week that U.S. sales of vacation homes are soaring, even as millions of Americans grapple with financial devastation triggered by the coronavirus pandemic.
Florida Realtors are reporting that the sunshine state's housing market continued to be a bright spot for the state's economy in October 2020, even as the coronavirus pandemic showed no signs of easing.
While sluggish commercial real estate investment activity has caused loan closings to slow in Q3 2020, a rise in loan applications in recent weeks is a promising sign for higher year-end closings.
North America's data center sector was resilient in the first half of 2020 as many businesses implemented hybrid IT infrastructure to improve their remote work capabilities.
Year-over-year investment and residential sales volume declined 34% and tax revenue generated by those sales declined 57%.
26% of Americans said their local government's response to the coronavirus pandemic has made them want to move away from where they currently live.
A surge of domestic and foreign buyers are purchasing primary homes in Miami's diverse neighborhoods. Consistently low mortgage rates, expanded work-from-home and remote schooling fueled already strong demand for Miami real estate.
The public's growing appetite for streaming video content has ignited demand for sound-stage real estate in several North American markets.
There were a total of 11,673 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- in October 2020.
Asia Pacific commercial real estate investment showed signs of recovery in the third quarter of 2020 with $35 billion in direct transactions committed between July and September 2020.
Commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties in 2020, a 34 percent decline from 2019's record volume of $601 billion.
Based on ATTOM Data Solutions latest third-quarter 2020 U.S. Home Equity & Underwater Report, 16.7 million residential properties in the United States were considered equity-rich.
Mortgage loan originations were 47 percent lower in the third quarter compared to a year ago, and increased 12 percent from the second quarter of 2020.
U.S. home prices increased 6.7% in September 2020, compared with September 2019, marking the fastest annual acceleration since May 2014. On a month-over-month basis, home prices increased by 1.1% compared to August 2020.
A gradual recovery has begun in commercial real estate investment. Worldwide property sales grew 23% quarter-over-quarter in Q3 to US$147 billion
According to Redfin, California and New York had the biggest upticks in people looking to move out of state since last year, followed by Massachusetts, Washington, D.C., and Illinois -- primarily driven by COVID-19 outbreak.
Global real estate consultant JLL's latest Property Market Monitor research is reporting this week that Hong Kong's overall Grade A office rents further contracted in September 2020.