Entries by LegacyCrest

Oil Price To Average $85 For Next 12 Months: Survey

The oil price of West Texas Intermediate (WTI) crude will average US$85 per barrel for the next 12 months, according to a recent survey of Canadian oil and gas industry executives conducted by Raymond James. Oil prices have slumped in recent weeks, largely due to market jitters about the health of the global banking sector […]

Opportunities & Challenges For Commercial Real Estate In 2023

The 2023 commercial real estate outlook highlights the significant changes in the industry, with a focus on San Francisco and New York City. San Francisco has seen a rise in office vacancies, with the vacancy rate increasing from 6% pre-pandemic to 15% in 2022. The increased office vacancies have resulted in a 13% decline in property […]

What Investors Should Know About Office Buildings With Subleases

What the surplus of subleased space available in today’s office market means for investors and how they can best operate in the changing landscape. Availability of office space for sublease has climbed markedly in the Tampa Bay area, where we’re based, matching a trend that is prevalent around the country. In fact, a number of large […]

U.S. Natural Gas Demand Exceeds Supply As LNG Exports Jump

High export demand for LNG and higher domestic natural gas consumption pushed U.S. gas demand to higher levels than supply last year, resulting in the highest average Henry Hub spot price since 2008, the Federal Energy Regulatory Commission (FERC) said in its 2022 State of the Markets report. Yet, U.S. natural gas prices have dipped […]

Bitcoin Erases Fed Losses As Traders Eye $40k BTC Price Target

BTC price snaps back into its uptrend after Bitcoin market nerves over U.S. economic policy fade in line with stocks and gold. Bitcoin returned to near $29,000 on March 23 as bulls ignored news of a fresh United States regulatory crackdown. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining almost 8% versus its overnight lows to […]

Existing-Home Sales Surged 14.5% In February, Ending 12-Month Streak Of Declines

Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of REALTORS®. Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – vaulted 14.5% from […]

Goldman Sachs Now Sees Oil Hitting $140 This Summer

High oil and gasoline prices will need to rise even higher this summer to incentivize new production and discourage consumption, according to Goldman Sachs. The Wall Street bank is now forecasting Brent crude oil prices will average $140 a barrel between July and September, up from its prior call of $125 a barrel. Brent is […]

4 REITs To Gain Exposure To Growing Self-Storage Real Estate Market

George Carlin’s classic bit about “stuff” and where to put “stuff” and the hilarity of finding places for “stuff” is what self-storage is all about. The dilemma of where to put your stuff is addressed by this market and one of the best ways to take advantage as an investor is with self-storage real estate investment […]