Two Key Factors Now Hamper Home Sales In Red Hot Market; Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Offers Alternative Solutions In its Blockchain-Driven MetroHouse Platform: Luxury Turnkey Residences For Co-Living In Desirable Urban Locations

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Two key factors are hampering the growth of a red-hot housing market. First is a lack of inventory, according to MSNBC, with home supplies down 1.5% in August from July — and off 13.4% from August 2020. The second is less well known: appraisal levels have been lagging the market, causing some 20% of all home proposed home closings to fail. Enter PropTech leader Metrospaces (OTC: MSPC) and its innovative new Metrohouse platform. It offers the housing solution of co-living in a luxury urban location in a contemporary-designed turnkey space complete with a vetted community of members.

stockmarketpress.com features specialized coverage of related stocks including: Metrospaces (OTC: MSPC), Vornado Realty Trust (NYSE: VNO-PL) , Brookfield Property Partners LP (NASDAQ: BPYPM), Kimco Realty Corporation (NYSE: KIM), Boston Properties, Inc. (NYSE: BXP) American Tower Corporation Equity Lifestyle Properties, Inc. (NYSE: REIT AMT) and  Digital Realty Trust (NYSE: DLR).

Two Key Factors Now Hamper Home Sales In Red Hot Market;  Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Offers Alternative Solutions In its Blockchain-Driven MetroHouse Platform: Luxury Turnkey Residences For Co-Living In Desirable Urban Locations

When shopping for a home in this hot market, potential buyers are confronted not only with high prices but a lack of inventory. CNBC quotes the National Association of Realtors that residential housing inventory is at a 2.6 month supply — one of the lowest available inventories on record.

Ivy Zelman, partner at researcher Zelman & Associates, said, “The market is too hot. There is a massive amount of capital that’s coming to the space.” She estimates the industry is overbuilding by 20% for single family homes and about 10% for multi-family. Two Key Factors Now Hamper Home Sales In Red Hot Market;  Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Offers Alternative Solutions In its Blockchain-Driven MetroHouse Platform: Luxury Turnkey Residences For Co-Living In Desirable Urban Locations.

Add to that supply line constraint issues making building significantly more expensive — if you can find materials. Pricing housing and building to completion are important concerns for builders and their clients.

The second factor is the too-low bank appraisal. In an all-cash deal, housing demand is super strong this year. But appraisals are lagging the market and about 20% of housing transactions are started but never completed because appraisals are falling short of current home prices.

In high-demand markets such as California, a shortage of appraisers and too-low appraisals undercut sales. About 20% of home purchases are not completed because of this industrywide problem. As consumers seek new and re-financed mortgages on existing homes, bank and mortgage firms cannot lend when appraisals fall short of negotiated sale prices. Industry insiders say appraisals in 2021 tend to fall short of soaring real estate prices.

Metrospaces (OTC: MSPC) and its PropTech blockchain-driven Metrohouse platform offers clients a housing alternative — co-living in a luxury turnkey space in a desired location. MSPC has embraced the newest trends in commercial buildings and co-living preferences in residential real estate. The world has already changed — from electric cars to digital currency — and now traditional real estate owners have to join to thrive.

Metrohouse co-living is tapping into one of the strongest trends for millennials and GenZ in residential living — co-tenants sharing a turn-key, luxury and hi tech facility in a desired urban area. This is more than about paying a reduced share of total rent. It is also about creating an eco-environment of like minded professionals — some are ‘nomad’ technical workers who can work anywhere. After a prolonged COVID-19 lockdown, potential co-living participants can now enjoy and live in a safe environment they seek in a community they desire.

Rather than competing in a hot real estate buyers market, next generation millennials and GenZ members can live in luxury, high tech locations in safe and turnkey spaces. From washers and dryers inside these facilities, all furnishings are included as well as a vetted and diverse member community. A next generation member can share the cost by co-living and enjoying luxury right away in a blockchain-driven, IoT and AI designed new or rehabbed multi-family building.

Oscar Brito, CEO of MSPC, was early to identify the newest appeal of co-living. The advantage of MSPC is its relationship with Shokworks and its CEO Alejandro Laplana. MSPC has named Alejandro Laplana, its Chief Technology Officer (CTO), to its Board of Directors. Oscar Brito, CEO of MSCP, said his naming is “a natural fit” reflecting Laplana’s expertise and leadership as CTO of the company. Laplana has played a key role in developing proprietary blockchain-driven platforms for MSPC. Shokworks was also co-developer of Cryptobucks, the preferred cryptocurrency of MSPC. Shokworks is now a minority equity partner in MSPC.

Brito added, “We’ve found our partnership with Shokworks to be extremely successful and have been wowed by Alejandro’s expertise and leadership as CTO of our company. It was a natural fit for him to join our Board of Directors.” Two Key Factors Now Hamper Home Sales In Red Hot Market;  Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Offers Alternative Solutions In its Blockchain-Driven MetroHouse Platform: Luxury Turnkey Residences For Co-Living In Desirable Urban Locations.

As MSPC emerges as a leader in PropTech real estate — embracing the Shokworks-designed platforms proprietary for MSPC and powered by blockchain, IoT and AI — Laplana has played an important role in helping MSPC disrupt the traditional real estate industry.

 

Two Key Factors Now Hamper Home Sales In Red Hot Market;  Metrospaces (OTC: MSPC), A Leader In PropTech Real Estate, Offers Alternative Solutions In its Blockchain-Driven MetroHouse Platform: Luxury Turnkey Residences For Co-Living In Desirable Urban Locations.

Learn more about MSPCA at metrospaces.com, http://metrospaces.com/

www.metrospaces.io

Source: Stock Market Press

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