Originally published on November 22, 2023, by Erik Sherman for GlobeSt.com.
Office valuations and rents have been hit hard by changing conditions of work and how companies are being forced to manage their real estate. But what’s happening with tech office use, particularly in the wake of the Biden administration's tech hubs strategy?
Originally published on November 21, 2023, by the Economy Team at CoreLogic.
CoreLogic®, a leading global property information, analytics, and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas.
Originally published on November 14, 2023, by the ATTOM Team.
ATTOM, a leading curator of land, property, and real estate data, today released its October 2023 U.S. Foreclosure Market Report, which shows there were a total of 34,472 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 6 percent from a month ago but up 6 percent from a year ago.
Originally published on October 31, 2023, by Ella Fertitta for ULI Americas.
The Urban Land Institute (ULI) and PwC US today released Emerging Trends in Real Estate® 2024, the annual industry-leading report unveiling critical data and trends in the real estate sector. In its 45th edition, the report’s overarching theme is “The Great Reset,” determining that the industry must form new ‘norms’ and can no longer rely on past benchmarks to determine how the market will function in the future.
Originally published on November 8, 2023, by Zachariah Demuth, Jessica Jahns, Marina Bracciani and Ophelia Makis for JLL.
Originally published on November 7, 2023 by Matt Wirz for the Wall Street Journal.
U.S. banks have found a new way to unload risk as they scramble to adapt to tighter regulations and rising interest rates.
Originally published on October 30, 2023, by Nicole Bachaud for ZIllow.com.
The cost of buying a home has soared over the past few years with home values near record highs and mortgage rates higher than they’ve been in 20 years. New home buyers can expect to spend approximately 13.5 years in their house before they would be able to sell at a profit over the purchase, mortgage interest, and sale costs that went into the home.
Originally published on October 25, 2023, by Elizabeth Thompson for the National Association of Home Builders.
Despite mortgage rates that are at a 23-year high, new home sales posted a double-digit percentage gain in September because of a lack of inventory in the resale market.
Originally published on October 5, 2023, by Heather Zeller for VeroFORECAST
SANTA ANA, Calif., Oct. 5, 2023 —Veros Real Estate Solutions (Veros®), an industry leader in enterprise risk management and collateral valuation services, released its 2023 Q3 VeroFORECASTSM that anticipates that home prices are expected to increase on average 2.2% over the next 12 months, compared to last quarter’s forecast of 1.7% increase, indicative of a steady market.
Originally published on
Originally published on October 12, 2023, by Andrea Nicole for RentCafe.com.
U.S. cities are buzzing with new apartment buildings — more than we’ve seen in decades. So, if you’ve noticed more cranes against your city’s skyline recently, you’re not alone. In fact, this boom is turning certain neighborhoods into hotspots for new apartments, attracting mostly young, high-earning folks chasing the dream of urban apartment living.
Originally published on October 5, 2023, by Anneliese Mahoney by the Mortgage Bankers Association.
CBRE, Dallas, found nearly 100 office-conversion projects are slated to be completed in major U.S. cities this year. That’s more than double the average of 41 per year from 2016 to 2022.
Originally published on September 29, 2023 by Richard Berger for GlobeSt.com.
“Gangbusters” is what CBRE’s Vice Chairman Aron Will says the seniors housing mergers and acquisitions market will look like in the next 18 months.
Originally published on October 4, 2023, by CoreLogic.
Our 2023 Annual Mortgage Fraud Report shows relative stability in fraud risk levels year-over-year, with a 3.1% decrease in fraud risk at the end of the second quarter of 2023. The decline is partially due to the recalibration of our scoring model released in 2022. More careful loan screening due to higher repurchase risk is a primary driver of stable levels of risk.
Originally published on September 26, 2023 by Orphe Divounguy for Zillow.com.
The U.S. housing market has surged over the past year after a temporary hiccup from July 2022 to January 2023. Higher mortgage rates then contributed to a decline in the total value of residential real estate as potential buyers reconsidered their plans and residential investment fell. That downturn has proven to be short-lived as housing has rebounded impressively so far in 2023, with the total value of the U.S. housing market surging by more than $2.6 trillion over the past year.
Originally published on September 28, 2023, by Kenneth Applewhaite for Redfin.
Nearly one-third (32%) of Black Americans who recently moved believe they were discriminated against based on their ethnicity or race during their home search, and an additional 22% believe they may have been discriminated against. That’s according to a survey from Redfin (redfin.com), the technology-powered real estate brokerage. The share is even higher for Hispanic Americans: 36% experienced discrimination and an additional 22% believe they may have been discriminated against.
Originally published on September 28, 2023, by Stephanie Collins for the Office of the Comptroller of the Currency.
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2024.
Originally published on September 27, 2023, by Oleh Sorokin for the National Association of Realtors.
While the massive interest rate hikes have hammered the commercial real estate market, the recent Federal Reserve decision to hold rates unchanged will give the market a break. After 11 collective rate hikes in the last 18 months, commercial real estate credit has gotten even tighter as lenders have been more cautious after the recent collapse of the two regional banks in March of 2023. According to the Federal Reserve survey, small and mid-sized banks — holding most commercial real estate loans — reported tighter lending standards in the year's second quarter. In the meantime, delinquency rates for commercial real estate loans have increased, albeit remaining historically low. Although the Federal Reserve is signaling more rate hikes to follow by the end of the year, this pause will give some time to assess the impact of higher rates on the economy.
Originally published in May 2023 by the National Association of Realtors.
In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. The findings are as follows:
Originally published on September 5, 2023, by Pete Schroeder for Reuters.com.
The U.S. Federal Deposit Insurance Corporation (FDIC) is seeking buyers for the $33 billion commercial real estate (CRE) loan portfolio of failed New York lender Signature Bank, it said on Tuesday.
