Filtered by category: Industry Clear Filter

Housing Markets to See Minimal Changes as Boomers Age Out of Their Homes: MBA

Originally published on July 20, 2022, by Gary Engelhardt for the Research Institute for Housing America.

Around 4 million existing homes will hit the market over the next decade as older generations age out of their homes, according to the report, “Who Will Buy the Baby Boomers’ Homes When They Leave Them” released in July by the Mortgage Bankers Association. However, the inventory increase is expected to have minimal effect on housing supply and no measurable reduction in home prices.

Read More

Mortgage Rates Fall Amid Recession Concerns, Freddie Mac Reports

Originally published on July 7, 2022, by Angela Waugaman for FreddieMac.

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 5.30 percent.

Read More

Commercial Real Estate Prices Grow, Led by Industrial and Multifamily Properties

Originally published on July 7, 2022, by Michael Tucker for Mortgage Banker's Association.

Real Capital Analytics, New York, reported U.S. commercial property price growth held steady in May, supported by price gains in the industrial and apartment sectors.

Read More

Nearly 6.5 Million Homeowners Aided by Fannie, Freddie Since Conservatorship: FHFA

Originally published on June 28, 2022 by Adam Russell for the Federal Housing Finance Agency.

The Federal Housing Finance Agency (FHFA) today released its first quarter 2022 Foreclosure Prevention and Refinance Report​. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 129,779 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,494,057 since the start of conservatorships in September 2008.

Read More

The Apartment Markets at Greatest Risk for Oversupply

Originally published on July 6, 2022, by Paul Bergeron for Globest.com.

Multifamily construction in the U.S. is at its highest level in 40 years, leaving some markets at risk of oversupply, according to an Apartment.com/CoStar report, GlobeSt.com reported on July 6. The most at-risk markets are Phoenix; Tampa, Florida; and Austin, Texas. Markets approaching the risky category are Raleigh, North Carolina, and Las Vegas.

Read More

More than 40 Million US Properties at Risk of Weather-related Damage: CoreLogic

Originally published on June 22, 2022 by Robin Wachner for CoreLogic.

IRVINE, Calif., June 22, 2022—CoreLogic®, leading global property information, analytics, and data-enabled solutions provider, today released its 2022 Hurricane Report, which analyzes hurricane and storm surge and wind risk exposure for single-family residences (SFRs) and multifamily residences (MFRs) along the U.S. Gulf and Atlantic Coasts.

Read More

‘Little Evidence’ Housing Bubble is About to Burst: Moody’s

Originally published by Lynn Pollack on June 13, 2022, for The GlobeSt.com.

While home prices are responding to higher mortgage rates, there is “little evidence of a housing bubble that is about to burst,” according to a new report from Moody’s Analytics.

Read More

Hotel Sector to Recover Faster than Expected, According to Revised STR Forecast

Originally published on June 15, 2022, by Michael Tucker for the Mortgage Banker's Association.

STR and Tourism Economics upgraded their recovery timeline for U.S. hotel revenue per available room.

Read More

Inflation Causing Global Drop in Property Values: Report

Originally published on June 13, 2022, by Zainab Fattah and Jack Sidders for Bloomberg.

The US and European real estate markets are experiencing a downwards shift in prices as buyers fall away, according to the global chief investment officer of Hines, one of the largest closely held real estate investors in the world.

Read More

Value of Office Buildings to Decline by $500B if Remote Work Continues: Research

Originally published on June 7, 2022, by Jack Rogers for GlobeSt.com.

A joint research team from NYU and Columbia University studying the impact of remote work on office properties says office buildings will lose 28% of their value by 2029 if remote/hybrid work patterns become the norm. 

Read More

Regulations Comprise 40% of Apartment Development Costs, NAHB Research Reveals

Originally published on June 9, 2022, by Elizabeth Thompson and Stephanie Pagan for NAHB.

Regulation imposed by all levels of government accounts for an average of 40.6 percent of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC).

Read More

Cities in the Sun Belt and the West Experiencing the Most Growth: Census Bureau Data

Originally published on Mary 31, 2022, by Erik Sherman for GlobeSt.com.

As the Census Bureau analysis continues on the 2020 decennial count of the country, there are more specific data on the general trend that virtually anyone in commercial real estate knows: people are moving from various parts of the country to the Sun Belt and West.

Read More

CBRE Report Forecasts Full Recovery for Hospitality Sector in 2023

Originally published on May 31, 2022, by Michael Tucker for the Mortgage Bankers Association.

CBRE, Dallas, raised its hotel performance forecast based on first-quarter strength, slow construction activity, higher inflation and continued optimism about employment and economic growth.

Read More

Cap Rates in the Net Lease Casual Dining Sector Drop: Data

Cap rates in the net lease casual dining sector decreased to 6.03% during the first quarter, down 70 basis points from the same point a year ago, The Boulder Group reported on June 1 in its Q1 2022 Net Lease Casual Dining Market report. Casual dining properties with corporations guaranteeing the lease saw cap rates of 5.75%, while franchisee properties had cap rates of 6.4%.

View Report

Real Estate Activity Mixed Across Fed Districts, Beige Book Reveals

Originally published on May 23, 2022, by the Federal Reserve Bank of Philadelphia.

Residential sales remained flat or contracted slightly in most Fed districts as low inventory and high mortgage rates dampened homebuyer demand, the Federal Reserve revealed on June 1 in its latest Beige Book. Many districts reported mixed commercial real estate activity, but demand for industrial and warehouse space was on the rise in multiple districts.

Read Beige Book

Retail Real Estate Attracting New Investors as Rents Climb, Occupancy Increases: JLL

Originally published on May 25, 2022, by Michael Tucker for Mortgage Bankers Association.

Retail’s journey from underdog to a favored asset class continues, reported JLL, Chicago.

Read More

Amazon Reportedly Dumping Surplus Industrial Space, Could Help Sector Recover

Originally published on May 23, 2022, by Erik Sherman for Globest.com. 

Nearly 20% of Home Sellers are Dropping Asking Prices, According to Redfin

Originally published on May 26, 2022, by Kenneth Applewhaite for Redfin.

The housing market is sending clearer signals that the pandemic-driven housing frenzy is coming to an end, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Read More

MISMO Seeks Input on Commercial Appraisal Dataset Standards

Originally published on May 17, 2022, by Tara Dunion for the Mortage Bankers Association.

MISMO®, the real estate finance industry standards organization, seeks public comment on phase two of proposed data standards for the Commercial Appraisal Dataset. The 60-day comment period runs through July 12.

Read More

Growing Leisure and Business Travel Boosts Hospitality Recovery, Data Reveals  

Originally published on May 23, 2022, by STR.

For the four-week period ending 14 May 2022, more than three-quarters of all U.S. hotel markets outperformed their comparable 2019 revenue per available room (RevPAR) on a nominal basis. Of 165 STR-defined U.S. markets, only 38 fell short of their 2019 RevPAR, which was a solid improvement from 52 underperformers in April’s “bubble” blog update. Industry RevPAR looks to be on a steady footing; however, a look at RevPAR contribution shows a greater influence from average daily rate (ADR) as opposed to occupancy in many areas.

Read More