In Today's News
Summer Buying Season Showing Some Sizzle
The residential real estate market nationwide is, according to Realtor.com, nearly back at pre-COVID-19 activity levels, with the greatest recovery in Seattle; Denver; Boston; Jacksonville, Florida; and Philadelphia. In a separate report, the listings site says second home sales are helping drive a surge in the luxury market.
Discounted New House Deals Might Be Harder to Come By
Enticing investments might be harder to find in new developments. The National Association of Home Builders said today that the percentage of builders willing to discount to drive sales is plummeting in a market deemed to be on the rise.
GNC Seeking Buyer, Shutting Down Hundreds of Retail Shops
Another longtime tenant in retail space across the country has declared bankruptcy. GNC Holdings (NYSE: GNC) said this week it will do a Chapter 11 reorganization and close 1,200 of its 7,300 stores as it seeks a buyer for its vitamin and wellness businesses.
Ross Stores (NASDAQ: ROST), Costco (NASDAQ: COST), O'Reilly Auto Parts (NASDAQ: ORLY) Deemed Most Exposed to COVID-19 Surge
That's according to an analysis of where major retailers have their stores. Those three had high concentrations in states now seeing record infections. And there are more.
Today on Millionacres
Better Buy: STAG Industrial vs. Prologis
Industrial real estate investment trusts (REITs) invest in the demand for transportation, logistics, and delivery hubs, and they might be a good investment for you. Millionacres' Tyler Crowe compares two prominent players in this niche: Prologis (NYSE: PLD) and STAG Industrial (NYSE: STAG).