Originally published on August 14, 2022, by Michael Tucker for the Mortgage Bankers Association.
U.S. hotel construction has declined for seven consecutive months, reported STR, Hendersonville, Tenn.
Originally published on August 10, 2022 by Gail Kalinoski for CommercialSearch.com.
U.S. commercial real estate investment volume rose 10 percent year-over-year in the second quarter of 2022, to $167 billion, with industrial and logistics investments providing nearly $32 billion of the total and office $24 billion, according to a recent CBRE report. Trailing four-quarter volume totaled a record $881 billion.
Originally published on August 9, 2022, by the ATTOM Staff for ATTOM.
ATTOM, a leading curator of real estate data nationwide for land and property data, today released its July 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,358 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 4 percent from a month ago but up 143 percent from a year ago.
Originally published on August 2, 2022, by Freddie Mac.
The economy has entered a turbulent time as interest rates have moved up and inflation is very real for consumers. The likelihood of recession is much higher than earlier this year according to most macroeconomic forecasters, and the sharp rise in interest rates has already impacted volume as borrowers and investors may have sidelined deals until the volatility levels out. Despite the increased uncertainty, the multifamily industry is positioned well and we forecast solid performance for the year.
Originally published on August 3, 2022, by Paul Bergeron for GlobeSt.com.
LaSalle is expecting a high-impact second half of 2022, according to its Mid-Year Update.
Originally published on August 4, 2022, by Eliza Theiss for Property Shark.
With summer in full swing and scorching temperatures driving city dwellers to try to escape urban heat islands, we analyzed home prices in towns and cities with beaches to see which are the most affordable options for homebuyers looking to move or buy a second home. More precisely, we ranked towns by the local median price per square foot to avoid results being skewed by larger local median home sizes.
Originally published on July 27, 2022 by Yardi Matrix.
The student housing industry continued to break records in the second quarter of 2022, according to the new quarterly National Student Housing Report from Yardi® Matrix.
Originally published on August 3, 2022, by the National Multifamily Housing Council.
Nearly 4.3 million new apartments will be needed across the U.S. by 2035 to meet housing demand, according to research released July 28 by the National Multifamily Housing Council and the National Apartment Association. Currently, there is a shortage of around 600,000 units, and the number of affordable apartments — those with rents less than $1,000 per month — has declined by 4.7 million between 2015-20.
Originally published on July 19, 2022, by Buck Wargo for WealthManagement.com.
Strong consumer spending over the past year has prompted retailers to open more stores than they closed. But concerns about rising inflation and the economy this summer have led some to hit the pause button on expansion for now, according to retail analysts.
Originally published on July 22, 2022, by Lynn Pollack for Globest.com.
The average US office listing rate hit $37.58 in June, falling 2.6% year-over-year, while the national vacancy rate ticked up 20 basis points over the same period to 15.2, according to CommercialEdge.
Originally published on July 20, 2022, by Gary Engelhardt for the Research Institute for Housing America.
Around 4 million existing homes will hit the market over the next decade as older generations age out of their homes, according to the report, “Who Will Buy the Baby Boomers’ Homes When They Leave Them” released in July by the Mortgage Bankers Association. However, the inventory increase is expected to have minimal effect on housing supply and no measurable reduction in home prices.
Originally published on July 7, 2022, by Michael Tucker for Mortgage Banker's Association.
Real Capital Analytics, New York, reported U.S. commercial property price growth held steady in May, supported by price gains in the industrial and apartment sectors.
Originally published on July 7, 2022, by Angela Waugaman for FreddieMac.
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.30 percent.
Originally published on June 28, 2022 by Adam Russell for the Federal Housing Finance Agency.
The Federal Housing Finance Agency (FHFA) today released its first quarter 2022 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 129,779 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,494,057 since the start of conservatorships in September 2008.
Originally published on July 6, 2022, by Paul Bergeron for Globest.com.
Multifamily construction in the U.S. is at its highest level in 40 years, leaving some markets at risk of oversupply, according to an Apartment.com/CoStar report, GlobeSt.com reported on July 6. The most at-risk markets are Phoenix; Tampa, Florida; and Austin, Texas. Markets approaching the risky category are Raleigh, North Carolina, and Las Vegas.
Originally published on June 22, 2022 by Robin Wachner for CoreLogic.
IRVINE, Calif., June 22, 2022—CoreLogic®, leading global property information, analytics, and data-enabled solutions provider, today released its 2022 Hurricane Report, which analyzes hurricane and storm surge and wind risk exposure for single-family residences (SFRs) and multifamily residences (MFRs) along the U.S. Gulf and Atlantic Coasts.
Originally published on June 15, 2022, by Michael Tucker for the Mortgage Banker's Association.
STR and Tourism Economics upgraded their recovery timeline for U.S. hotel revenue per available room.
Originally published by Lynn Pollack on June 13, 2022, for The GlobeSt.com.
While home prices are responding to higher mortgage rates, there is “little evidence of a housing bubble that is about to burst,” according to a new report from Moody’s Analytics.
Originally published on June 13, 2022, by Zainab Fattah and Jack Sidders for Bloomberg.
The US and European real estate markets are experiencing a downwards shift in prices as buyers fall away, according to the global chief investment officer of Hines, one of the largest closely held real estate investors in the world.
Originally published on June 7, 2022, by Jack Rogers for GlobeSt.com.
A joint research team from NYU and Columbia University studying the impact of remote work on office properties says office buildings will lose 28% of their value by 2029 if remote/hybrid work patterns become the norm.
