Trends in the housing market are on the upswing, and the stock market has shown remarkable earnings in the past year, all positive signs for a recovering economy. However, historical statistics show that one in three Americans pay more than 30% of their income in rent, all while wages remain stagnant or decrease, and cost of living continues to rise. Yet for every 1.5 new housing units built, 1 is demolished and the U.S. Department of Housing and Urban Development (HUD) estimates that 10,000 public housing units a year are lost due to aging, while the need for affordable housing for low-income renters continues to increase. So while new construction is rebounding, and inventory is increasing for high-end units, the inventory is decreasing for affordable rental units, leaving far fewer options for lower-income wage earners.
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March 13, 2025
The hospitality sector is enjoying renewed interest from investors, with more deals in the pipeline, increased refinancings, and improved transaction volume. While the industry still faces challenges, optimism prevails for modest growth over the next year.
March 11, 2025
What are grandfathered uses, also known as legal nonconforming uses and what do you do? Partner’s experts, Alexis Whipple, and Sara Ehrentreu outline practical scenarios and explain the options that you can take in this article.
March 06, 2025
Beyond the immediate damage caused by flames, residual damage caused by smoke and soot can leave lingering effects requiring thorough restoration and clean-up of your commercial or residential property. Understanding the smoke damage cleanup process and knowing what to expect can help commercial and residential property owners navigate this challenging time more effectively.
