Originally published on March 28, 2023 by Richard Berger for GlobeSt.com.
There’s plenty of land for development available nationwide, but it’s not cheap and hardly easy to acquire, zone, and develop.
Originally published on March 27, 2023, by Courtney Fingar for Globest.com.
Multifamily is facing negative headwinds this year and into the next in the form of outsized supply growth and weak demand drivers, according to PGIM Real Estate’s Quarterly Insights report.
Originally published on March 23, 2023, by ATTOM.
ATTOM, a leading curator of land, property, and real estate data, today released its year-end 2022 U.S. Home Flipping Report, which shows that 407,417 single-family homes and condos in the United States were flipped in 2022. That was up 14 percent from 357,666 in 2021, and up 58 percent from 2020, to the highest point since at least 2005.
Originally published on March 20, 2023, by Diana Olick for CNBC.
Global warming has already caused irreversible damage to the earth’s ecosystems and communities, according to a critical report just issued from the United Nations Intergovernmental Panel on Climate Change.
Originally published on March 13, 2023, by Erik Sherman for GlobeSt.com.
Originally published on March 10, 2023, by Kenneth Applewaith for Redfin.com.
The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up nearly 10 times that much (16.5%) a year earlier.
Originally published on March 8, 2023, by Laura Pop=Badiu for CoworkingCafe.com.
Demand for flexible workspaces registered significant growth in recent years, mainly due to the wider availability of remote work and hybrid workstyles. At the same time, the uncertain economic waves led many businesses to downsize their office footprints and move past rigid, long-term leases toward more flexible and cost-efficient solutions. What’s more, according to a recent JLL report, the office sector remains under pressure in 2023, with tenants not only looking to increase efficiency and productivity but also to reduce their existing footprint and positively influence their bottom line.
Originally published on March 6, 2023, by Kenneth Applewhaite for Redfin.com.
Just over 7% of U.S. homes are worth $1 million or more, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That figure is as of January 2023, the most recent data available. The share has dropped from June 2022’s all-time high of 8.6% and remains essentially unchanged from a year earlier–but it’s up from 4.2% just before the pandemic began.
Originally published on March 9, 2023 by Michael Tucker for the Mortgage Banker's Association.
CBRE, Dallas, said delivery of a near-record 716,000 new multifamily units over the next two years will create a short-term oversupply, but noted the new supply will keep long-term fundamentals healthy.
Originally published on March 15, 2023, by LakeHomes.com.
There are more than 70,000 lake homes and lots for sale in the U.S. with a combined value of more than $33 billion, up from the 60,000 or so properties available last spring with a combined value of around $26 billion, according to the Lake Real Estate Market report released March 9. Lake Michigan has the largest available inventory, followed by Puget Sound in Washington and Lake Norman in North Carolina.
Originally published on March 13, 2023, by Jennifer Ludden for NPR.
Years of homeowner horror stories and a growing body of research has cast a harsh light on how frequently racial bias can skew home appraisals. It's an industry that's dominated by white men whose methods for valuing homes haven't changed much in decades.
Originally published March 2, 2023, by Sara Wiskerchen for Realtor.com.
Originally published by on February 10, 2023 for ATTOM.
According to ATTOM’s just released January 2023 U.S. Foreclosure Market Report, there were a total of 31,557 U.S. properties with foreclosure filings in January 2023. That figure was up 36 percent from a year ago and up 2 percent from the prior month.
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Originally published on February 16, 2023 by Thomas Malone for CoreLogic.
Quick Takes:
Originally published by Caitlin Groves on February 8, 2023 for MBA Newslink.
MISMO®, the real estate finance industry standards organization, issued a call for industry professionals to join a new Development Workgroup focused on developing APIs for MISMO’s Commercial datasets.
Originally published by Jacob Channel on February 6,2023 for LendingTree.
Though it may sometimes seem as if millennials are destined to rent or live in their parent’s basements forever, they make up the largest share of homebuyers in the U.S., surpassing older (and richer) generations. In fact, millennials have dominated the housing market for the past decade.
Originally published on February 9, 2023 by Troy Green for the National Association of Realtors.
Approximately nine out of 10 metro markets registered home price gains in the fourth quarter of 2022 despite mortgage rates eclipsing 7%, according to the National Association of Realtors®’ latest quarterly report. Eighteen percent of the 186 tracked metro areas registered double-digit price increases over the same time period, down from 46% in the third quarter of 2022.
Originally published on January 31, 2023, by Stephanie Pagan for the National Association of Home Builders.
Originally published by on January 20, 2023 for ATTOM.
