Real Estate Hot Even In The Virtual World
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US Hotel Update
Metropolitan and Suburban Markets. As we all know, the Hotel industry was hit the hardest with the pandemic. The full impact in the hotel industry took hold in April with 70% year-over-year drop in demand before rebounding slighty to close Q2 down by 60%. Supply growth fell to 1.3% from 1.5% in Q1. These numbers are provided by CBRE.
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The Rise Of Prefabricated House
Amid the rise of construction costs and housing shortage, the tiny and prefabricated house has returned and became a potential alternative building with cost and time savings. Before diving into its development and the possibility of solving the affordability issue, let’s look at its development history.
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Pismo Beach Getaway
Those are the exact words I said to my family. We embarked on a weekend getaway to a destination I have always wanted to experience but never knew when to actually go and expereince it. The opportunity to visit one of Executive Development’s hotel project site that is still underway in Pismo Beach was the perfect timing. Making the drive up the coast, we stopped in Santa Barbara for a quick bite to eat on the pier and to take in some scenery views.
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