Real estate projects that usually have trouble attracting the interest of banks are gaining momentum with alternative financing tools such as the EB-5 program, the JOBS Act and smaller, specialty lenders. These tools were discussed during a panel presentation entitled “Emerging Alternative Financing Opportunities,” part of a series presented by the W. P. Carey School of Business and the ASU Real Estate Council, an advisory and support group for the division of real estate in the W. P. Carey School’s finance department.
What will growth in the real estate industry look like post-recession? That depends on a number of factors. Development will be much more focused on fulfilling specific needs and on infill. Development on the periphery will not cease, but it will likely be less grand in volume. Much more equity will be needed to buy and develop.
The numbers are in for real estate activity in the Greater Phoenix area in November 2013, and they show that the cooling that began this summer continued through the first of December. Michael Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School and author of the monthly market report said that the median sales price for a single family home was unchanged between October and November.