We have 1.2 BILLION MORE people on earth today. 

That is a very small part of the roughly 7 billion plus population worldwide.In real estate cycles when you have upward trends some consumers might be focused on taking chances to save some costs.

It's very accurate - They're a billion dollar company that funnels a lot of money into making sure their property records are the most up-to-date out there.

For example if Apple wanted to buy billions of dollars of property I’m pretty sure they’ll close as Apple Inc with no personal guarantees.

Single-family home sales jumped 14.3 percent year-over-year, with 4,699 units sold, marking the seventh consecutive month of positive sales;Days on Market (DOM) for single-family homes extended slightly from 66 to 68 days;Total property sales surged 15.2 percent, with 5,800 units sold;Total dollar volume rose 17.1 percent to about $1.6 billion;The single-family home median price increased 4.5 percent to $234,000, reaching a January high;The single-family home average price climbed 4.6 percent to a January high of $291,034;Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last January but above the national inventory level of 3.0 months;Townhome/condominium sales jumped for a second straight month – up 20.9 percent, with the average price down 3.5 percent to $186,582 and the median price down 5.2 percent to $149,750;Lease properties experienced a strong performance, as single-family home rentals climbed 14.5 percent with the average rent up 1.7 percent to $1,782;Volume of townhome/condominium leases rose 5.6 percent with the average rent up 5.9 percent to $1,598.

pid=1697Houston Real Estate Highlights in January:-Single-family home sales jumped 14.3 percent year-over-year, with 4,699 units sold, marking the seventh consecutive month of positive sales;-Days on Market (DOM) for single-family homes extended slightly from 66 to 68 days;-Total property sales surged 15.2 percent, with 5,800 units sold;-Total dollar volume rose 17.1 percent to about $1.6 billion;-The single-family home median price increased 4.5 percent to $234,000, reaching a January high;-The single-family home average price climbed 4.6 percent to a January high of $291,034;-Single-family homes months of inventory was at a 3.5-months supply, down fractionally from 3.6 months last January but above the national inventory level of 3.0 months;-Townhome/condominium sales jumped for a second straight month – up 20.9 percent, with the average price down 3.5 percent to $186,582 and the median price down 5.2 percent to $149,750;-Lease properties experienced a strong performance, as single-family home rentals climbed 14.5 percent with the average rent up 1.7 percent to $1,782;-Volume of townhome/condominium leases rose 5.6 percent with the average rent up 5.9 percent to $1,598.

.• Regional sales volume this month of just under $1.5 billion was up 23.3% from last year.• Closed sales were up 9.4% compared to last year to 4,909, the second month in a row of year over-year gains in closed sales.• New listings of 7,545 were down 5.4% compared to last year, the 4th month in a row of declines.• As a result, active inventories again declined this month, to just 14,925, 31.1% less than last January and at the lowest overall inventory level of the past decade.• The average percentage of original list price received at sale was 94.6%, up from last January’s 94.0%.• Median days-on-market was 37, down 10 days from last January’s 47.Here is the link for the full report https://www.brightmls.com/services/sites/default/files/pdfs/philadelphia%20metro%20housing%20market%20update%20-%20january%202020.pdfCheers, Yuriy

Just read this article in the dispatch detailing that, "by the end of this year, more than 10,000 residents are expected to call Downtown Columbus home, according to a new report that documents more than $1 billion in residential development underway Downtown and another $1.7 billion proposed."

This is coming from a Senior Asset Manager for a MAJOR mortgage company (Over 20 Billion dollars in assets in just mortgages) that has foreclosures come across his desk every day all day for locations all across the US.

The owner has to decide whether to refresh a mall for 1 billion in costs or more or change the use for cheaper to something else that long term might be more viable for that area.If it's an old mall in weak suburban to rural area then much more limited on what can go there or be changed to.