Joe Fairless

According to Joe Fairless , despite a lack of accessible supply, the demand for multifamily housing in the United States remains robust. As a result of expected employment and population growth, the demand for rental apartments is forecast to exceed the supply by the end of 2018. As the national economy improves, this year will see the delivery of more than 600,000 new multifamily units, which is significantly below the level required to meet the predicted growth rate of the housing market. Fannie Mae's most recent economic prediction expects a robust demand for rental units by 2022, with employment growth ranging from 2.8% to 4.3%. Consequently, the demand for multifamily rental apartments may range between 400,000 and 700,000 units by 2022. Tight vacancy rates, however, will prevent replacement demand from competing with new demand. Consequently, the issue becomes: what is the size of the US multifamily market? In 2021, house prices are projected to climb by a further 15%, despit...

When it comes to wondering why investors are willing to spend real money on virtual land, you are not alone. Despite widespread skepticism, studies indicate that an increasing number of celebrities are owning virtual real estate on the internet for their own personal purposes. Even the Winklevoss Twins are getting part in the virtual real estate market they created to advance their educational ambitions. Our initial inquiry should be, "Why are they acting this way?" To address this question, let us analyze it one at a time. To begin with, there is still a sizable market for virtual real estate. According to Joe Fairless the online realm known as Decentraland has lately experienced a jump in the price of land due to a recent surge in demand. The frenzy around the virtual real estate market has also resulted in investors spending vast sums of money on virtual homes. Given how closely virtual real estate mimics traditional real estate in the physical world, investors are racing...