Wednesday, June 21, 2017

Habitat for Humanity teams up with Jason Cohen Pittsburgh

A real estate professional based in Pittsburgh, Jason Cohen offers customized real estate consulting services to clients throughout the Pittsburgh area. In the philanthropic sector, Jason Cohen of Jason Cohen Pittsburgh supports the efforts of Habitat for Humanity of Greater Pittsburgh.

Dedicated to advancing the Habitat for Humanity mission of giving everyone a decent place to live, Habitat for Humanity of Greater Pittsburgh offers a broad range of home repair services for homeowners in the region. Through its Critical Home Repair program, the organization helps restore safe and sound living conditions for individuals without the financial means or physical ability to complete the repairs. In some cases, the program may enlist the help of outside contractors for extensive repairs.

Habitat for Humanity of Greater Pittsburgh also works closely with veterans and their families, offering home repairs and renovations via the Veteran Build Program. The program consists of many veterans in volunteer roles, creating a sense of community among veterans in the area. The organization also offers comprehensive weatherization services in conjunction with the Pennsylvania Housing Finance Agency, designed to save homeowners money by making homes more energy efficient. 

To learn more about home repair services at Habitat for Humanity of Greater Pittsburgh, visit the official website at

Friday, May 12, 2017

NMHC Wins Energy Star Award

An experienced real estate professional, Jason Cohen of Jason Cohen Pittsburgh works with clients, advising them regarding multifamily and other housing investment opportunities. In addition to working with his Pittsburgh clients, Jason Cohen belongs to a number of trade associations, including the National Multifamily Housing Council.

The National Multifamily Housing Council (NMHC) recently announced that it has received the Partner of the Year - Energy Efficiency Program Delivery Award from Energy Star. The organization was chosen for this award due to its work supporting initiatives that have made America’s apartments more energy efficient, including an effort that provided potential investors with comprehensive data about utility costs. 

This initiative also saw the launch of a new online platform touting various Energy Star tools. Additionally, those who live in apartments participated in a survey that highlighted how they would use energy efficient technologies. In his comments, NMHC CEO and president Doug Bibby expressed gratitude for receiving the award and said the organization will move forward with similar initiatives in the future.

Tuesday, January 24, 2017

Habitat for Humanity of Greater Pittsburgh Sponsors Kids Triathlon

Jason Cohen works as a real estate investor leading Jason Cohen Pittsburgh, a forum for like-minded real estate professionals seeking multifamily investing opportunities. Jason Cohen and his company remain charitable and volunteer their time with Habitat for Humanity of Greater Pittsburgh (HFHGP).

As one of the 2,300 affiliates of Habitat for Humanity, HFHGP seeks to eliminate substandard housing in Allegheny County. Since 1986, the chapter has helped nearly 80 families acquire new housing. HFHGP works in conjunction with volunteers and low-income families to build houses, which the families purchase through no-interest, no-profit mortgages.

One of HFHGP’s fundraising events is its Kids Triathlon. The competition is HFHGP's main moneymaking event, raising more than $750,000 since it began more than 15 years ago. 

In addition to raising money, the triathlon provides children with a productive way to spend their time during the summer. The South Park Race for children ages 7 through 12 took place July 23, 2016, with the North Park Race occurring August 6, 2016. Jane Maurer and Tabari Morgan were the top fundraisers, bringing in a combined total of more than $1,200.

Friday, September 25, 2015

Chinese Buyers Abroad

As buyers from China have started to spend billions in Australia, the US and the UK, property prices
have started to skyrocket.  Even as the Chinese stock market has begun to crash, experts have predicted that much more cash is still on the way.  Chinese stocks have crashed 40% since June, wiping away trillions of dollars in market value.  As the yuan devalues, the Chinese are starting to think that foreign real estate is a more stable investment than Chinese banks.  

Chinese investors have been active in residential property markets in such cities as Sydney, London and New York.  Chinese are currently the leading foreign buyers of US homes, with sales reaching a record $29 billion in the 12 months leading up to March 30.  This makes up more than a quarter of all foreign purchases by value, according to the National Association of Realtors.  Credit Suisse has predicted that sales of homes to Chinese buyers are predicted to total $60 billion between now and 2020 in Sydney alone, double the amount spent in the past six years.  In London, Savills says that Chinese buyers already make up more than a quarter of all home purchases in London.  

With prices rising fast in major cities, Chinese buyers have started to get more creative by teaming up with local partners or looking to newer markets in other countries.  In the UK, they’ve started to put their money beyond London and into surrounding areas, including Surrey.  Commercial real estate deals are also on the rise; Knight Frank predicts that Chinese investors will spend $20 billion major deals this year, compared to just $5.5 billion back in 2012.  

This interest in foreign markets coincides with limited options for investors in China; many have lost money in stocks after domestic property prices started to fall about four years ago, or in various riskier investments in the shadow of the banking sector.  Despite the annual limit of $50,000 on the amount of money somebody can move out of China, this rush into world markets has taken place through channels both legitimate and not.  Restrictions means that investing abroad requires planning and creativity, such as moving out money over a long period of time or securing approvals to send large sums abroad.  The fact that investor interest is continuing in spite of these restrictions hints that this trend isn’t going away any time soon.

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