Originally published on July 15, 2021 by Michael Tucker for Mortgage Bankers Association.
CRE executives’ market sentiment has improved dramatically from a year ago, reported RCLCO, Washington, D.C.
Originally published on July 15, 2021 by Michael Tucker for Mortgage Bankers Association.
CRE executives’ market sentiment has improved dramatically from a year ago, reported RCLCO, Washington, D.C.
Originally published midyear 2021 by Marcus & Millichap.
Broader recovery fortifies a positive outlook. Resilient during the health crisis, the medical office segment is in a position of strength. Demographic trends and an anticipated boost in health services are positioned to foster long-term tenant demand that will bolster investor confidence in the sector. Shorter-term, the full-scale reopening of most states’ economies and widespread vaccination efforts have laid the foundation for a broad economic recovery that will fuel continued employment growth in the second half of this year. The expiration of enhanced unemployment benefits in September and many states’ plans to terminate the allowance prior to the deadline have the potential to motivate more individuals to obtain work. Furthermore, the reopening of schools this fall should further aid employers when filling open positions during the final third of the year. The resulting employment growth will raise the number of commercially insured households, lifting health spending and the number of medical visits. Together these factors will fuel health-related hiring and supplement demand for medical office space.
Originally published on July 6, 2021 by Beth Mattson-Teig for WealthManagement.com.
Although the pandemic caused tenants in other real estate sectors to hit the brakes on a new leasing, that was not the case in industrial. The industrial market saw a robust year of leasing activity in 2020 that has carried over into 2021. According to Cushman & Wakefield, net absorption for 2020 reached 268.4 million sq. ft., surpassing the 240.9 million sq. ft. reported at year-end 2019 by 11.4 percent. Demand roared into the first quarter with 82.3 million sq. ft. of net absorption—a record high for the first quarter. Cushman & Wakefield also reported a healthy national average vacancy rate of 4.9 percent and annual rent growth of 7.8 percent.
Originally published on July 1, 2021, for Freddie Mac.
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 2.98 percent.
Originally published on June 30, 2021 for Freddie Mac.
A new white paper pdf from Freddie Mac (OTCQB: FMCC) Multifamily studies the impact of the end of eviction moratoriums and role of rental assistance as the nation recovers from the economic impact of COVID-19. As eviction moratoriums and renter protections lapse, Freddie Mac is encouraging renters and property owners to proactively understand and seek available rental assistance to help mitigate the remaining economic challenges as the country emerges from the pandemic.
Originally published on June 24, 2021, by Rebecca Hersher for NPR.org.
More than half of the buildings in the contiguous U.S. are in disaster hotspots, a new study finds. Tens of millions of homes, businesses and other buildings are concentrated in areas with the most risk from hurricanes, floods, wildfires, tornadoes and earthquakes.
Originally published on June 16, 2021, by Michael Tucker for the Mortgage Bankers Association.
U.S. companies have scaled back their plans to make big cuts to their office portfolios and many now expect their offices to support “collaborative” work in person rather than remotely, said CBRE, Dallas.
Originally published on June 16, 2021, by Michael Tucker for Mortgage Bankers Association.
U.S. commercial real estate investment increased in April, but not all pandemic-related problems are in the rearview mirror, reported Real Capital Analytics, New York.
Originally published on June 16, 2021, by Wesley Shaw for the National Association of Realtors.
Originally published on June 17, 2021, by Erin Osgood for Redfin.
SEATTLE, June 17, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — The national median home-sale price hit a record high of $377,200 in May, up a record 26% year over year, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The housing market also set new records for home-selling speeds and competition, but seasonally adjusted home sales and new listings flattened from April. Leading indicators of housing market activity are also declining into June, according to the latest weekly data, signalling that the pace of the market may be slowing.
Originally published on June 10, 2021, by Freddie Mac.
MCLEAN, Va., June 10, 2021 (GLOBE NEWSWIRE) -- 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 2.96 percent.
Originally published on b
Originally published on June 8, 2021, by Tom Acitelli for The Commercial Observer.
Call it another benefit of education.
The Appraisal Qualifications Board (AQB) is evaluating changes that would make virtual education delivery a permanent option for continuing education. The AQB released a second exposure draft for qualification criteria on June 3. Distance Education Requirements, Section III D (page 4) defines synchronous education and allows for synchronous education to be used in the same manner as on-site classroom courses. The AQB is accepting commits on the exposure draft until July 30. To submit comments, please visit: https://www.surveymonkey.com/r/AQBComments. You may also send comments to [email protected].
Originally published on June 3, 2021 by Rachel Conner for Realtor.com.
Originally published on June 2, 2021, by John Gittelsohn for Bloomberg.
(Bloomberg)—Even as the remote-work era clouds the future for offices, one segment of the business is drawing cash from investors including Blackstone Group Inc. and KKR & Co.
Originally published on May 20, 2021 by Freddie Mac.
MCLEAN, Va., May 20, 2021 (GLOBE NEWSWIRE) -- 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 3.00 percent.
Originally published on May 17, 2021, by William Maher for UrbanLand Magazine.
Real estate economists predict markedly improved U.S. economic and property market conditions over the next three years, 2021 to 2023, compared with the forecast of six months ago, according to the spring ULI Real Estate Economic Forecast.
Originally published on May 20, 2021. by Michael Tucker for Mortgage Bankers Association.
JLL, Chicago, reported the spread between retail property rents and industrial property rents is compressing as home deliveries speed up and e-commerce steals more and more market share from brick-and-mortar retailers.