Filtered by category: Industry Clear Filter

Mortgage Rates Rise Amid Increasing Consumer Optimism: Freddie Mac

Originally published on October 28, 2021, by Angela Waugaman 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 3.14 percent.

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Pandemic Caused Some Mall Values to Drop by 70%: Data

Originally published on October 20, 2021, by Joy Wiltermuth for MarketWatch.com.

Here comes more trouble for embattled U.S. shopping malls.

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Hospitality Rebounds, Occupancy Rates Rise, Reports Reveal

Originally published on October 17, 2021, by Michael Tucker for MBANewslink.com.

No property type’s fundamentals have rebounded as swiftly as the hotel sector’s, reported Colliers, Toronto.

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Existing Home Sales Up 7% in September, NAR Reports

Originally published on October 21, 2021, by Quintin Simmons for the National Association of Realtors.

Existing-home sales rebounded in September after seeing sales wane the previous month, according to the National Association of Realtors®. Each of the four major U.S. regions witnessed increases on a month-over-month basis. From a year-over-year timeframe, one region held steady while the three others each reported a decline in sales.

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Mortgage Rates at Highest Level Since April as Inflation Pressures Build: Freddie Mac

Originally published on October 14, 2021 by Angela Waugaman 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 3.05 percent.

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Sunbelt Cities and Alternative Properties Expected to Dominate Real Estate: Report

Originally published on October 14, 2021, by the Urban Land Institute.

PwC US and the Urban Land Institute (ULI) today released Emerging Trends in Real Estate® 2022, highlighting the evolving trends shaping the real estate industry. The report, which includes proprietary data and insights from nearly 1,700 leading real estate industry experts, explores how the property sector has seen encouraging and unprecedented recovery from the Covid-19 pandemic.

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Apartment Demand Sees Massive Jump During the Third Quarter, Data Shows

Originally published on September 29, 2021, by Greg WIllett for RealPage.com.

U.S. demand for apartments continued to soar in 3rd quarter 2021. Preliminary calculations from RealPage, Inc. showed that the nation’s occupied apartment count jumped by 255,094 units during the July to September time frame. That’s the biggest quarterly product absorption figure seen in records that go back to the early 1990s.

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Indoor, Outdoor Mall Visits Down in September as Retail Recovery Slows: Index

Originally published on October 6, 2021, by Ethan Chernofsky for Placer.ai BLOG.

Top tier malls across the country had been experiencing a steady recovery since the start of 2021. This recovery culminated in July when visits to indoor malls rose 1.0% above the same month in 2019, with outdoor mall visits rising 1.8%. Pent-up demand, a lack of travel, general excitement around the retail reopening and more all combined with the Back-to-School retail season to drive an impressive month.

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Mortgage Rates Decrease Slightly as Economic and Financial Uncertainties Grow

Originally published on October 7, 2021 by Angela Waugaman 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 2.99 percent.

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Commercial Real Estate Sees Double-digit Price Growth in August, Report Shows

Originally published on October 7, 2021, by Michael Tucker for MBA Newslink.

Real Capital Analytics, New York, reported all four major commercial real estate types posted double-digit annual price growth in August.

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Housing Inventory Reaches Yearly High: Realtor.com September Housing Report

Originally published on September 30, 2021 by Nicole Murphy on Realtor.com.

New housing data shows inventory hit a 2021 high in September, giving buyers more choices than they have had all year, according to the Realtor.com® Monthly Housing Report released today. Nearly one-third of the 50 largest metros continued to see increases in newly-listed homes compared to last year and in Austin, TexasPortland, Ore.Jacksonville, Fla.; and Washington, D.C., new listings were up more than 10% year-over-year.

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Renters Outnumber Owners in Many Suburbs, Data Shows

Originally published by Lynn Pollack on September 17, 2021 for GlobeSt.com.

Renters are now the majority in more than 100 US suburbs, including the suburbs of Miami, Washington DC, and Los Angeles, according to a new report from RentCafe.

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Hotels in City Centers Still Struggle as Other Hospitality Properties Recover: Data

Originally published on September 22, 2021 by Shira Petrack for Placer

Our latest whitepaper analyzes the tourism and travel recovery following a year and a half of extraordinary challenges. We dove into foot traffic data for cities, states, hotels, airports, and tourist attractions across the countries to understand how the pandemic impacted – and continues to impact – these critical industries. 

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Mortgage Rates Stagnant as Economy Slows; Home Price Growth Moderates: Freddie Mac

Originally published on September 23, 2021, by Angela Waugaman for Freddie Mac.

MCLEAN, Va., Sept. 23, 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 2.88 percent.

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Commercial Property Appreciation Increases for Five Consecutive Months: CoStar

Originally published on September 15, 2021, by Michael Tucker for Mortgage Bankers Association.

Commercial property prices just keep increasing, according to reports from CoStar, Washington, D.C. and Green Street, Newport Beach, Calif.

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Hotel Sector Continues to Recover: STR and JLL Report

Originally published on September 14, 2021, by Michael Tucker for Mortgage Bankers Association.

The hotel sector continues to bounce back from a devastating 2020, according to new reports from STR and JLL Hotels.

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LEED-certified Assets Cost More to Build, Command Higher Prices: Cushman & Wakefield

Originally published by Jacob Albers and David Bitner for Cushman & Wakefield.

As investor interest in ESG strategy rises, LEED-certified office provides a key indicator on comparative performance By 2023, 80% of investors intend to incorporate ESG into their strategy.

As demand for ESG-committed assets has grown, a key question has arisen: do these assets perform the same or better than their non-ESG peers? If so, is it possible to quantify this difference?  

Key takeaways:  

  • LEED-certified buildings have consistently achieved higher rents compared to their non-LEED counterparts. 

  • Attaining ESG commitment through LEED certification does come at higher cost through construction or renovation.  

  • LEED-certified assets outperform during recession-recovery periods. 

  • The pandemic accelerated tenant demand for ESG assets. 

  • LEED-certified assets held a 21.4% higher average market sales price per square foot over non-LEED buildings during the past three years. 

  • Sustainable assets are still fairly niche, with LEED certification accounting for just 2.5% of the total urban office inventory in the United States.   
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HUD Disproportionately Sells Homes in Flood Zones: NPR

Originally published on September 13, 2021, by Huo Jingnan, Rebecca Hersher, Tegan Wendland, Steve Newborn and Daniel Rivero for NPR.

The first thing Larry McCanney fell in love with was the tree in the front yard. It cast shade on the porch of a house that, if he were honest, needed some work. But McCanney is handy, the price was right and the location was perfect, just a couple of miles from his childhood home in Burlington, N.J.

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Black And Latino Homeowners Are About Twice As Likely As Whites To Get Low Appraisals

Originally published on September 23, 2021, by Joe Hernandez for NPR.

Home appraisers are more likely to undervalue homes in Black and Latino areas than those in white ones, a new report by Freddie Mac has found.

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Small US Banks at Greatest Risk of Commercial Real Estate Losses: Fitch Ratings

Originally published on August 31, 2021, on MBA Newslink.

Fitch Ratings, Chicago, said the U.S. commercial real estate market will likely see deteriorating credit metrics once stimulus measures wind down and forbearance programs expire, with smaller CRE-concentrated banks more susceptible to elevated losses, which are expected to peak below levels seen in the past.

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