Vacation home demand soars during coronavirus pandemic

Home sales are booming in popular vacation spots, as the pandemic leads more Americans to seek places to work or relax within driving distance of home.

In traditional vacation destinations such as Key West, Fla., Ocean City, N.J., and Traverse City, Mich., online house shopping and pending sales are up relative to the country overall, according to a new analysis by Zillow Group Inc.

CONDOS COULD MAKE COMEBACK IN HOUSING MARKET IF SINGLE-FAMILY HOME PRICES KEEP RISING 

Similar to the recent rise in interest for suburban and rural homes that are a car ride from major cities, the growth in demand for homes in vacation towns shows how Covid-19 is reshaping home shoppers’ priorities, said Jeff Tucker, senior economist at Zillow.

“Home shoppers are particularly motivated to shop for a

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North Texas home starts boom as builders struggle to meet buyer demand

North Texas builders scrambling to meet a flood of buyers have boosted home starts to the highest level in more than a decade.

Dallas-Fort Worth single-family home starts soared by more than 34% in the third quarter from a year earlier, rising in the face of the pandemic and recession. Builders started almost 13,000 local houses during the just-completed quarter, according to just-released data from Residential Strategies Inc.

“Back when the pandemic hit, we were bracing for a pretty tough summer with all the job loss,” said Ted Wilson, principal for the Dallas-based housing consultant. “But everything opened up in May with strong sales and it has continued onward.

“It’s pretty amazing considering the backdrop of COVID.”

Wilson said the third-quarter D-FW home starts were the strongest since mid-2006, before the Great Recession hit the housing markets.

Builders have started 43,246 North Texas homes in the year ending September —

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Covid drives historic demand for life sciences real estate and these REITs, report says

  • Venture-capital investment in the life sciences sector grew to a record rolling annual total of $17.8 billion in the second quarter.
  • Covid-19 is accelerating an already growing demand for real estate in the sector.
  • “The biotech sector may be the single most attractive subsector within commercial real estate today,” said Spencer Levy, chairman of Americas research and senior economic advisor for CBRE.



a person standing in a room: Research associate Sachi Johnson works at Sorrento Therapeutics where efforts are underway to develop an antibody, STI-1499, to help in prevention of the coronavirus disease (COVID-19) in San Diego, California, May 22, 2020.


© Provided by CNBC
Research associate Sachi Johnson works at Sorrento Therapeutics where efforts are underway to develop an antibody, STI-1499, to help in prevention of the coronavirus disease (COVID-19) in San Diego, California, May 22, 2020.

All the fundamentals are aligning for the life sciences industry, as Covid-19 accelerates already growing demand for real estate in the sector.

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Rents are rising for lab space, vacancies are plunging and research and development, and employment and new development are expanding further, thanks to strong venture capital investment. 

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U.K. Demand for Homes Jumps, Though London is Muted

Demand for new homes across the U.K. jumped in the third quarter of 2020, powered largely by stamp duty savings, but the country’s capital city of London failed to capture the hearts of potential buyers, according to a report Monday from estate agent comparison site GetAgent.co.uk.

At 51%, current levels of buyer demand are at their highest point since early 2019 and are up 9% on the same time last year and 8% on the last quarter.


The metric is measured as the proportion of stock listed as sold, subject to contract or under offer, as a percentage of all stock listed for sale, according to the report.

“The meteoric uplift in U.K. homebuyer demand in the third quarter of this year demonstrates a market that has well and truly bounced back from pandemic paralysis,” Colby Short, founder and CEO of GetAgent.co.uk, said in the report.

“An 8.5% quarterly increase

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Warehouse And Distribution Demand Soars, So Does Community Opposition



a house with a cloudy sky


© Provided by Benzinga



Real Estate Roundup is a weekly rundown of developments in the world of industrial real estate used for logistics and transportation. This week: Demand for industrial warehousing and distribution facilities is soaring, but communities frequently fight back against what they see as problems with noise, air pollution and traffic safety. Recent incidents in Florida, New York, Pennsylvania and California illustrate the situation. 

In the rush to expand warehouses and distribution facilities amid skyrocketing demand for online commerce, here’s a bucket of cold water for eager developers and elected officials.

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Homeowners and residents often don’t want these facilities as their neighbors. The issue has popped up recently in Pennsylvania, Florida, California and western New York, to name just a few locations.

It’s easy to see why homeowners fight back. Large warehousing facilities can be loud and, in some cases, operate around the clock. Large

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Demand for homes in Nashville area has Realtors knocking on doors

Strangers are knocking on doors and calling phones across the Nashville region, but they aren’t selling anything. They want to buy something — your house.

Architect Darrell L. Hayes is building Habitat for Humanity’s first townhouse complex

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Realtors under pressure to find homes for clients who are ready to buy are looking for homeowners who are ready to sell. The problem is, there simply aren’t enough homes for sale to meet demand.

“The market continues to get tighter and tighter and tighter,” said Keller Williams Realtor Roger Poulin, who recently spent an afternoon knocking on doors in East Nashville’s Lockeland Springs neighborhood.

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“Half the people I talked with told me, ‘You’re about the 50th person who’s knocked on my door,’” he said. “It’s a trend.”

The problem is simple arithmetic.

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Homes sold two weeks faster in September due to unusual surge in demand

  • It took just 54 days to sell a home in September. That is the shortest time since realtor.com began tracking this metric in 2016. Back then it took 78 days.
  • The median price of a home sold in September was $350,000, up just over 11% annually.



a person standing in front of a building: People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic.


© Provided by CNBC
People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Home buyers eying for cozy backyards and more office space are staging bidding wars in the suburbs surrounding New York City amid the spread of the COVID-19 pandemic.

Homebuyers hoping that a seasonal slowdown in the housing market would dampen rising prices can forget about it.

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More buyers piled into the fray in September, spurred by record-low mortgage rates and a pandemic-induced stay-at-home culture, pushing sales to an even faster pace.

In the first read on September

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Mortgage rates fall as demand for home loans rises

The 15-year fixed-rate average reached 2.36 percent, down from 2.40 percent, with an average 0.7 point. The five-year adjustable-rate average at 2.90 percent, with an average 0.2 point, was unchanged from the previous week. The 15-year rate was 3.14 percent and the five-year was 3.38 percent a year ago.

“Mortgage rates are in a holding pattern because we have lots of big things looming and investors are waiting to see what happens,” said Danielle Hale, chief economist with Realtor.com. “Obviously, they’re waiting on the election results, but also on the next stimulus plan, which seems to start and stall. I expect mortgage rates to stay stable and not go up or down much until we get some of this big news.”

Freddie Mac’s Primary Mortgage Market Survey, from which the averages are derived, is confined to rates on conventional home loans for borrowers who make a 20 percent down payment

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Japan’s Land Prices Drop for First Time in Three Years as Coronavirus Hurts Demand | Investing News

TOKYO (Reuters) – Japanese land prices have fallen for the first time in three years, marking an average decline of 0.6% nationwide after the coronavirus pandemic weakened demand, a government survey found.

Prior to the pandemic, land prices had been making a steady recovery with demand for hotels and other commercial properties particularly strong due to robust tourism and ahead of the now delayed Tokyo Olympics. An increase in demand for offices from companies had also helped.

But commercial land prices slipped 0.3% in the year to July 1, their first decline in five years, the land ministry’s annual survey found.

“Land prices related to hotels and shops showed relatively big changes but price changes for many other types of areas were smaller,” a land ministry official said.

Residential land prices, which have been declining since 1992 in the wake of the bursting of Japan’s bubble economy, accelerated their pace

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Home Infusion Therapy Services Market 2020 : Growth Analysis By Top Countries Data, Market Size, Share, News, Demand, Segments and Forecast to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 21, 2020 (The Expresswire) —
“Home Infusion Therapy Services Market”Research Report 2020-2026 provides key analysis on the market status of the Home Infusion Therapy Services manufacturers with best facts and figures, meaning, definition, SWOT analysis, expert opinions and the latest developments across the globe. The Report also calculate the market size, Home Infusion Therapy Services Sales, Price, Revenue, Gross Margin and Market Share, cost structure and growth rate.This report is comprehensive statistical analysis of the Home Infusion Therapy Services with Market data Tables and Figures which spread through 94 Pages and in-depth TOC onHome Infusion Therapy Services Market that provides data for making strategies to increase the market growth and success.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and

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