Greg Galusha has closed nearly 100 deals with approximately $3 billion in market capitalization
The deal allows Genesis Capital to offer enhanced products nationally
Americans have been nervous to get back into commercial investments, and for good reason. The crash hurt more than a few wallets and investors are afraid the growth we’re seeing now is doomed to fail yet again.
Commercial development and single family construction came to a screeching halt back in 2008. Along with it, disappeared the financing, including commercial construction loans and commercial land loans. But after a long sleep, it’s all starting to wake up from the dead.
As the qualified mortgage (QM) and qualified residential mortgage (QRM) future rules are discussed by rulemaking officials, housing advocates and Wall Street investors, the rental markets in the United States continue their healthy growth. Real estate analysts such as Christopher Matthews of Time magazine believe that strict QM and QRM rules may end up placing greater restrictions on mortgage lending, which will only make rental markets even more profitable.
Warren Buffet really opened up a can of worms when he made the statement in the Spring of 2012 that he would buy "a couple hundred thousand" single family homes and hold them for a long time, at low mortgage rates. The moment that statement came from his lips, every hedge fund in the Country decided they were going to get into the business of single-family homes, and they certainly have!
As eager real estate buyers and investors rush to take advantage of what may be their last shot at dirt-cheap prices, regional housing bubbles seem to be emerging in various markets across the United States. According to CNN Money and online real estate broker Redfin, housing markets in New England, California and South Florida are turning to seller’s markets with multiple bids on single properties.
Most sellers are getting as much or more than they are asking for their homes in eight out of 24 major metros tracked by a new market report released yesterday, a sign that the metros have crossed over from buyers’ to sellers’ markets.