Bernstein & Feldman, P.A.

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U.S. real estate projections

According to RealtyTrac, Maryland may be hosting one of the most attractive markets for real estate investors interested in flipping homes right now. During the second quarter of 2015, Central Florida, Detroit and Baltimore were the most popular destinations for home flippers in the United States. During the first quarter, Baltimore was the metropolitan area with the most home flips completed in the entire country.

Even though economists expectations concerning stability and growth have been lowered over the past six months, the data indicates that the real estate market should improve over time, and that the United States should be free of any significant downturns for another three years, at minimum. Real estate economists from around the country were recently polled on the direction of the market and the country as a whole. These experts expect commercial real estate prices to increase 6.8 percent year for the next three years.

Economists did express concerns that the housing starts, retail occupancy rates and real estate investment trust returns are each expected to be less than their long-term average. Between 2015 and 2017, the hotel industry is projected to realize the highest growth, gaining 6 percent on the average revenue available per room. Warehouse and office rental properties are projected to increase by 4 percent each year. Over the next three years, the volume of commercial real estate transactions is expected to average around $503 billion.

Lawyers are often employed to help complete a number of commercial real estate tasks when an investor is seriously interested in a proposal. Legal counsel might be qualified to conduct the appropriate amount of due diligence needed for vetting a new property or partner. Lawyers may also be prepared to review the proposed agreement for any terms that could be problematic or potentially lead to adverse events in the future.

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