Michael Albanese

Seismic shifts anticipated for real estate industry's compensation landscape. In the wake of NAR’s settlement proposal, agents must chart a new way forward. In an ever-evolving real estate landscape, where markets fluctuate and dynamics shift, the role of a real estate agent transcends mere transaction facilitation. It encompasses a holistic approach to enhancing productivity, maximizing sales potential, and ensuring client satisfaction. In today’s competitive environment, staying relevant and agile is not just advantageous – it’s imperative. https://hubs.ly/Q02trv8H0 #RealEstateCompensationShift #NARSettlementImpact #ChartingNewCourse #AgentEvolution #CompetitiveAdvantage

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Sales of U.S. single-family new build homes are up 8.3% compared to a year ago, reflecting a growing demand in the market. With inventory at its highest level since 2008, and the price gap narrowing between new builds and previously-owned homes, the new build market is presenting buyers with significantly more opportunities. Read more in our latest article. https://ow.ly/LBAm50RP2Ik

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Discover the latest trends and stats in our comprehensive March 2024 Market Report covering sought-after areas like Santa Barbara, Montecito, Hope Ranch, and beyond. Gain unparalleled insights for informed decisions whether you're buying, selling, or just keeping an eye on the market pulse. #marketinsights #santabarbaraliving #propertyvalue #realestateanalysis

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Apartment demand in the U.S. has seen a remarkable surge in the second quarter of 2024. A U.S. construction boom is putting so many new apartments on the market that they are overwhelming the strongest move-in demand in almost three years. 🚧 📈 #LandmarkUS ---------------- #multifamily #realestateinvesting #propertymanagement The information contained herein is provided without any warranty or representation as to its accuracy, correctness, or completeness, and its recipient acknowledges and agrees that recipient has knowledge and expertise in financial and business matters and that recipient understands that if it has any questions or concerns regarding the matters or information that it is evaluating, that it will seek out its own professional advice concerning same and recipient will rely solely on its own review and that of recipient’s professionals of the information, and not rely upon the provider of this information, or provider’s agents, employees, or contractors.

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#Multifamily development slowdown can be attributed to two primary factors, cost to build and rising long term interest rates. Replacement cost is exceeding sales of newish multifamily on a $/unit basis and the spread between #treasury yields and #development yields has compressed as treasuries rose and yields remain flat. No surprise that starts are at a 10-year low given these two factors. #RETWIT #Multifamilydevelopment #CRE   https://lnkd.in/dknChxwu

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👀 ICYMI: Check out this insightful article from Real Estate News - a publication continuously providing objective, in-depth coverage of the latest in real estate. Stay tuned for more to come!

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The national average multifamily rent hits a record high of $1,733, driven by job growth and strong rental demand. Discover more about the positive trends in the multifamily market here! https://lnkd.in/ePy63fFW #mutltifamilydive #rentalrates #jobgrowth #rentaldemand #multifamily

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The surge in single-family rental property construction reflects the evolving preferences of renters, particularly millennials seeking spacious homes without the commitment of ownership. This trend, driven by high home prices and mortgage rates, has sparked interest from institutional investors, leading to a significant increase in build-to-rent housing. The Sunbelt states, especially Texas, Arizona, and Florida, are hotspots for this activity, with metro areas like Phoenix and Dallas witnessing substantial growth. For investors looking to capitalize on this trend, options include building single-family rentals, developing rental communities, joining private equity funds, participating in real estate crowdfunding, or investing in REITs. Read the full article here 🔗 https://lnkd.in/g42P_b4E . . . #birminghamalabama #biginsurancegrup #biginsurance #alabamainsurance #alabamapropertyinsurance #alabamarealestate #propertyinsurance #propertymanagement #insurance #insurancecoverage #nationwidecoverage #localinsurance #homeownersinsurance #commercialinsurance #riskmanagement #businesscoverage #propertyprotection #insuranceagency #realestateinsurance #protectyourassets #secureyourinvestment #coverageoptions

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The #multifamily property market is entering a new paradigm where #carriers and #insureds are embracing split tension within reason to strike harmony in our ever-dynamic #economy. And experts agree that success today requires a blend of creativity, consistency and sophistication. View more #insights here: https://lnkd.in/gHpwhPAp #propertymarket #multifamilyhousing #insurance #realestate #trends #thoughtleadership

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🔊 Listen in and explore the dynamic strategies and hidden opportunities within 1031 exchanges, a key element in California’s unique real estate market. ☀️🌴🏡 #assetpreservation #realestateinvesting

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