Originally published on August 4, 2022, by Eliza Theiss for Property Shark.

With summer in full swing and scorching temperatures driving city dwellers to try to escape urban heat islands, we analyzed home prices in towns and cities with beaches to see which are the most affordable options for homebuyers looking to move or buy a second home. More precisely, we ranked towns by the local median price per square foot to avoid results being skewed by larger local median home sizes.

Originally published on August 10, 2022, by the Appraisal Institute. 

The Appraisal Institute Board of Directors voted to adopt two 45-Day Notice items during its Aug. 4-5 meeting in Las Vegas. The 45-Day Notice items address the removal of officers, directors, and committee members, and regional elections and voting. The Board also adopted the proposed Regional Election Policy as set forth in the Exposure Draft distributed to Designated Members, Candidates, Practicing Affiliates and Affiliates on June 20.

Originally published on August 3, 2022, by Paul Bergeron for GlobeSt.com.

LaSalle is expecting a high-impact second half of 2022, according to its Mid-Year Update. 

Originally published on August 2, 2022, by Freddie Mac.

The economy has entered a turbulent time as interest rates have moved up and inflation is very real for consumers. The likelihood of recession is much higher than earlier this year according to most macroeconomic forecasters, and the sharp rise in interest rates has already impacted volume as borrowers and investors may have sidelined deals until the volatility levels out. Despite the increased uncertainty, the multifamily industry is positioned well and we forecast solid performance for the year. 

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Originally published on July 27, 2022, by Craig Torres for Bloomberg.com.

Chair Jerome Powell said the Federal Reserve would press on with the steepest tightening of monetary policy in a generation to curb surging inflation while handing officials more flexibility on coming moves amid signs of a broadening economic slowdown. 

Originally published on July 27, 2022, by the US Department of Treasury.

The U.S. Department of the Treasury announced new guidance today to increase the ability of state, local, and tribal governments to use American Rescue Plan (ARP) funds to boost the supply of affordable housing in their communities. This step follows a commitment in the Administration’s recently released Housing Supply Action Plan to leverage American Rescue Plan funds for investments in affordable housing as part of a broader strategy to increase the nation’s housing supply and ease housing costs over time.

Originally published on July 27, 2022 by Yardi Matrix.

The student housing industry continued to break records in the second quarter of 2022, according to the new quarterly National Student Housing Report from Yardi® Matrix.

Originally published on August 3, 2022, by the National Multifamily Housing Council.

Nearly 4.3 million new apartments will be needed across the U.S. by 2035 to meet housing demand, according to research released July 28 by the National Multifamily Housing Council and the National Apartment Association. Currently, there is a shortage of around 600,000 units, and the number of affordable apartments — those with rents less than $1,000 per month — has declined by 4.7 million between 2015-20.

Originally published on July 22, 2022, by Lynn Pollack for Globest.com.

The average US office listing rate hit $37.58 in June, falling 2.6% year-over-year, while the national vacancy rate ticked up 20 basis points over the same period to 15.2, according to CommercialEdge. 

Originally published on July 19, 2022, by Buck Wargo for WealthManagement.com.

Strong consumer spending over the past year has prompted retailers to open more stores than they closed. But concerns about rising inflation and the economy this summer have led some to hit the pause button on expansion for now, according to retail analysts.

Originally published on July 18, 2022, by Troy Green for the National Association of Realtors.

Foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period and stopping a three-year skid in foreign investment in U.S. residential real estate, according to a new report from the National Association of REALTORS®. Foreign buyers purchased 98,600 properties, down 7.9% from the prior year and the fewest number of homes bought since 2009 when NAR began tracking this data. Overall in the U.S., existing-home sales totaled 6.12 million in 2021 – the highest annual level since 2006.

Originally published on July 19, 2022, by Jack Rogers for GlobeSt.com.

Resistance from condo boards to a new questionnaire that Fannie Mae and Freddie Mac are requiring condo sellers to fill out in the wake of the deadly collapse of a Florida high-rise tower last year is having a chilling effect on condo markets across the county, according to a report in the Washington Post.

Originally published on July 20, 2022, by the Appraisal Institute.

The Appraisal Institute announced that Aug. 15 at 5 p.m. CST is the new deadline for those interested in registering in the Leadership Resources Registry to be considered for service in 2023 on national committees, and panels, the Appraisal Institute Insurance Trust, or the Appraisal Institute Education & Relief Foundation.

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Originally published on July 12, 2022 by Chris Clow for the Reverse Mortgage Daily. 

The Federal Housing Administration (FHA) on Tuesday announced an increase in the appraisal validity period for all Single Family Title II forward and Home Equity Conversion Mortgage (HECM) transactions, increasing the period specifically for the HECM reverse mortgage program from 120 days to 180 days. This is according to the publication of Mortgagee Letter (ML) 2022-11.

Originally published on July 20, 2022, by the Appraisal Institute.

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.

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.

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.

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.

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.