Originally published on November 3, 2021, by Isabelle Novak for Redfin.com.
The supply of America's most affordable homes for sale jumped a record 13% year over year in the third quarter as mortgage forbearance programs came to an end, prompting many owners of low-cost homes to put their properties on the market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Originally published on October 27, 2021, by the Urban Land Institute.
The Fall 2021 ULI Real Estate Economic Forecast for 2021 to 2023 gives high-level projections of recovery to pre-pandemic levels for many U.S. real estate indicators by 2023, but with reasons to celebrate for equity REIT investors and significant disappointments for the hotel sector.
Originally published by The Boulder Group in Q3 2021.
Cap rates in the single-tenant drug store sector decreased by 59 basis points to a new historic low rate of 5.80% in the third quarter of 2021. New historic low cap rates levels for CVS and Walgreens of 5.15% and 5.40% respectively were the primary driver of the compression. Rite Aid cap rates were compressed by 40 basis points to 7.40% but did not reach their prior historic low (2008). Investor demand for essential retailers carried over from 2020 into 2021, propelling cap rates for all three major tenants in the single-tenant drug store sector lower.
Originally published by Michael Tucker on October 26, 2021, for Mortgage Bankers Association.
CBRE, Dallas, said the flex-office sector is poised to benefit as companies adapt their office portfolios to accommodate more flexible work practices.
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.
Originally published on October 20, 2021, by Joy Wiltermuth for MarketWatch.com.
Here comes more trouble for embattled U.S. shopping malls.
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.
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.
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.
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.
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.
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.
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.
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.
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, Texas; Portland, Ore.; Jacksonville, Fla.; and Washington, D.C., new listings were up more than 10% year-over-year.
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.
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.
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.
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.
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.
