Filtered by author: Lisa Dacres Clear Filter

Broader Real Estate Sector to Recover, Hotels to Disappoint, ULI Forecast Predicts

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.

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Historic Low Cap Rates in Drug Store Sector, Data Reveals

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.

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Flex-office Sector Expected to Grow as Companies Rethink Their Portfolios: CBRE

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.

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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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CRE Lending Boom Expected Despite Ongoing Coronavirus Pandemic: Yardi Matrix

Originally published by Paul Fiorilla on October 14, 2021, for CommercialSearch.com.

Low-interest rates, increasing transaction volume and pent-up demand for short-term debt on transitional properties have contributed to a surge in mortgage origination in 2021.

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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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Desktop Appraisals Are Here to Stay, FHFA Announces

Originally published on October 18, 2021, by Adam Russell for Federal Housing Finance Agency.

The Federal Housing Finance Agency (FHFA) today announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities.

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Federal Reserve Expected to Raise Rates in the Coming Year: Bankrate Survey

Originally published on October 7, 2021, by Sarah Foster for BankRate.com.

The U.S. economy’s sharp rebound from the pandemic that sent inflation soaring to its highest in decades might push up interest rates over the next year, according to a new survey from Bankrate.

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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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Meet the Member: Jim Lynch


  • Where do you live and who do you work for?
    Concord, NC – Cushman & Wakefield

  • How long have you been appraising?
    20 Years
  • Who was your supervisor as a Trainee and how did you meet them?
    Skeet Harris & Rocky McElhannon. I met Skeet through a friend of my father-in-law and Rocky worked for Skeet
  • What is the most unique property you’ve appraised?
  • The Epicentre in Uptown Charlotte was the first true mixed-use property I ever appraised
  • What is a fact about you, outside of work-life, that people would be surprised to know?
    I enjoy playing golf and coaching youth basketball

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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Worldwide Wellness Real Estate Sector is Healthy and Growing, New Report Shows

Originally published on September 28, 2021, by Beth McGroarty for Global Wellness Institute.

The nonprofit Global Wellness Institute (GWI), the leading research organization for the wellness industry, today unveiled new data for the wellness real estate market revealing extraordinary recent growth. From 2017-2020, the global market grew 22% on average annually, expanding from $148 billion in 2017 to $225 billion in 2019 to $275 billion in 2020. Wellness residential projects skyrocketed in those three short years, from 740 in 2017 to over 2,300 today.

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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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