In coastal markets with an attractive wave climate, we are less expensive than diesel and can often out - compete other renewables — including solar and wind — on price.
I am decidedly a bear on housing prices (at least in the
hot coastal markets) at present, but I recognize that momentum can carry prices far beyond sustainable levels.
The fund has already acquired four apartment communities in highly desirable neighborhoods
in coastal markets.
At the same time, in super-hot
coastal markets such as Boston and Los Angeles, where annual price appreciation reached double digits over the last few years, increases are expected to ease to more sustainable, one - digit gains.
BXMT continues to focus direct origination efforts
on coastal markets with dynamic demand and high barriers to entry, where the entire Blackstone real estate platform has had great success.
Either plan would open up Queensland's interior to development of solar energy and geothermal and grid access for these new energy resources to reach Australia's
larger coastal markets.
AvalonBay wanted «to more deeply penetrate our high - barrier - to - entry
core coastal markets,» says Tim Naughton, president and CEO of AvalonBay.
«While home sellers on the West Coast are realizing the biggest profits, rapid home price appreciation in red state markets is rivaling that of the high -
flying coastal markets and producing sizable profits for home sellers in those middle - American markets, as well,» Blomquist says.
Two key changes will likely affect home prices most in highly taxed and high -
priced coastal markets including in California, New York, New Jersey and Connecticut.
In part, this can be explained by the near absence of construction in the Central Valley (Bakersfield, Fresno, Modesto, and Stockton) and only moderate growth in many of the larger Southern
California coastal markets (Los Angeles and San Diego).
If this year is any indication, these investors — some of whom buy sight unseen — will continue to drive up prices in high -
end coastal markets like Los Angeles, Miami, New York, Seattle and San Francisco.
Analyst Omotayo Okusanya also cut the outlook for publicly traded apartment landlords from positive to neutral because of a slowdown in
key coastal markets.
Ressler notes that a recent study by Redfin shows that people are leaving high -
tax coastal markets such as San Francisco, New York, and Los Angeles in search of homes in more affordable metros with lower taxes, such as Sacramento, Phoenix, Las Vegas, and Nashville.
«Strong demand from buyers and the ongoing inventory shortage keep pushing values higher, especially in some of the nation's
booming coastal markets.»
Like most foreign investors, the Chinese tend to focus more on the
top coastal markets such as New York City.
For its part, Equity wanted to «own an irreplaceable portfolio of high - quality assets in the nation's high -
barrier coastal markets,» says Neithercut.
Populated coastal markets, such as New York, Boston, Washington, D.C. and San Francisco, viewed as prime targets, have ramped up accordingly.
Hunter prides himself on his ethical standards and vast understanding of the
complex coastal market, contributing to his ability to serve his clients with the highest standards throughout the entire transaction process, especially in high - pressure negotiations, making him a favorite among discerning clientele.
Northern California's Bay Area is a perfect example — it consistently shows up as one of the most desirable for apartment acquisitions and is one of the «Sexy Six»
coastal markets for overall real estate investment.
Developers have opened about twice as many new apartments as usual in the top six
coastal markets over the past four to five years, according to RealPage.
As referenced above, BXMT originated $ 1.2 billion of loans in Q4 - 17, concentrated in the multifamily asset class and in
major coastal markets, matching two of the favorite investment themes of Blackstone real estate.
In the face of this, residential real estate prices continue to rise, particularly in the
hot coastal markets, which tells me that the price momentum can continue a little while longer until it fails because there is no incremental liquidity available to expand the bubbles.
«Nationally, mortgage rates still have room to grow before the share of income needed to pay the median monthly mortgage reaches the historical average, but many more
expensive coastal markets are either close to or have exceeded what has been considered historically affordable.»
«Many of the California markets were over-developed during the housing boom because home prices were still affordable compared to the
big coastal markets; lower prices on the coast now diminish that attraction.
«While home sellers on the West Coast are realizing the biggest profits, rapid home price appreciation in red state markets is rivaling that of the high -
flying coastal markets and producing sizable profits for home sellers in those middle - American markets as well.»
More millennials are bypassing high -
priced coastal markets in favor of the Rust Belt and Midwest, shows a new analysis by LendingTree, an online loan marketplace.
While most of that has been in
coastal markets like San Francisco, Los Angeles, Seattle, New York and Miami, many Chinese have purchased in college towns across the country based on where their children are studying.
President Raj Nair, Ford's group VP for global product development, said, «Our commitment to deliver great fuel economy in our cars, utilities and trucks is a key reason we are seeing strong growth
in coastal markets and with import buyers.»
Most of the country's $ 5 million - plus listings are concentrated in
coastal markets, including California, New England, and Florida, though there are a smattering of high - priced listings across Texas and the South, according to Trulia.
«Our commitment to deliver great fuel economy in our cars, utilities and trucks is a key reason we are seeing strong growth in
coastal markets and with import buyers.»
C - Max is drawing new buyers in
coastal markets and in Florida and Texas, as Toyota Prius U.S. sales have declined 5 percent, Ford so gladly points out.
In the expensive
coastal markets, like New York and San Francisco, prices had been rising much more quickly, but that trend is not sustainable, said Ralph McLaughlin, a housing economist for the real estate website Trulia.
That's why I think the hot
coastal markets are bubblettes.
«REIT executives in
the coastal markets will continue to outwardly express confidence, but I think behind the scenes they will be looking to reposition their portfolios as quickly as possible,» Pettee says.
The worse starter home shortages are in
coastal markets, including Portland, Ore. and Tacoma, Wash., the report shows.
In
coastal markets, near tech hubs and areas with mass - transit - dependent populations, renters will pay a premium for these units.
«Even though many families may be prepared to spend extra for a larger home, just how much more may come as a surprise, especially for those living in
coastal markets.»
The coastal markets continue to provide strong performance for the retail sector, driven by rising employment, higher wages and tourism.
«International investors seeking higher yields are setting their sights on Chicago, as core office assets in
coastal markets are becoming more scarce and expensive.
Ross Cooper, president and chief investment officer at Kimco Realty, a REIT based out of New Hyde Park, N.Y., says he has continued to see aggressive pricing in some parts of the sector, particularly in gateway and
coastal markets.
David Lereah, chief economist, NAR: «With the manufacturing job picture improving, we could see better home price growth in Midwestern and other markets that haven't seen the strong appreciation we've seen in the hot
coastal markets.»