Mindblown: a blog about philosophy.
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Can Fed’s Rate Cuts Jumpstart The Struggling Commercial Real Estate Market?
In September, the Federal Reserve cut the Fed funds rate by 50 basis points, potentially benefiting interest rate-sensitive sectors like commercial real estate. Lower borrowing costs could revive deal activity, which had slowed. Analysts suggest that while lower rates aren't a "magic bullet," they could aid recovery in the commercial real estate market. Multifamily properties…
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Whatcom County Market Update
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Should You Buy a House Now or Wait Until 2025?
Homes are selling fast, indicating it’s still competitive.Buy now if you're ready.Buyers are hesitant now, so waiting might be wise if you're cautious.
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Early-Q4: Best Time for Homebuyers
The first week of October 2024 offers homebuyers potential savings of over $14K on median-priced homes. This week may see up to 37% more for-sale inventory compared to the start of 2024.
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Commercial Real Estate Market Enters Normalization Period
The commercial Real Estate market is experiencing a normalization period with stable prices but rising vacancies.Migration to the Sun Belt has slowed, while the Snowbelt is showing improved performance.
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How Much Does It Cost to Sell a House?
Overview of Selling Costs – Commonly 10% to 15% of the home price – Includes both mandatory and optional expenses Taxes and Fees – Property tax: prorated share owed at sale – Real Estate transfer tax may apply based on location – Capital gains tax on profits over $250K (or $500K for couples)
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How Older Office Properties Could Make A Comeback
The older office space market, once deemed obsolete due to remote work trends and economic factors, may still have potential for revival. With necessary updates and energy-efficient renovations, B and C class buildings could attract tenants again, similar to how past fashion trends have resurfaced. Lowering interest rates could further stimulate investment in these properties,…
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Commercial Leasing Simplified: What You Need
Key Components: 1. Lease Term: Duration of the agreement 2. Rent: Amount and structure of payments 3. Operating Expenses: Maintenance, taxes, & insurance costs 4. Maintenance Responsibilities: Who handles repairs? 5. Use of Premises: Allowed activities & restrictions 6. Renewal Options: Terms for extending the lease
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Buy or Wait? Home Purchases and Elections
Personal financial health, not election timing, is the key factor in deciding to buy a home. Political elections historically have little effect on long-term home value appreciation or the housing market.
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Money-Saving Hacks for Homebuyers in 2025
Cut Cable Costs: Switching from cable to streaming can save over $2,600 annually. Reduce Subscriptions: Regularly review and cancel unused streaming and subscription services to avoid overspending.
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