Filtered by category: Industry Clear Filter

Adaptive-reuse Apartments up 25%, Office-to-apartment Conversions at New High: Data 

Originally published on December 8, 2022, by Andrea Neculae for RentCafe.com.

So, to fully grasp how much adaptive reuse had grown in recent years, we compared the latest figures to the rate of growth in traditional new apartment construction. Our analysis shows that adaptive reuse apartments were growing faster than new apartments — 25% versus 10% — during the same timeframe.

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New Home Construction on the Decline as Conditions Worsen, NAHB Reports

Originally published on December 6, 2022, by Stephanie Pagan and Elizabeth Thompson for the National Association of Home Builders.

The big jump in single-family home building activity that occurred in the aftermath of the COVID-19 pandemic in large metro outlying counties and exurban areas has shown a marked decline over the past 12 months, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter of 2022.

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Despite Growing Cannabis Sales, Real Estate Investors Aren’t Hooked, Data Shows

Originally published on November 29, 2022 , by Patricia Kirk for WealthManagement.com.

The past year has brought more cannabis legalization in the United States. But is legalization turning into greater real estate investment opportunities?

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Mortgage Rates Fall Further Amid Economic Uncertainty, Freddie Mac Reports

Originally published on December 1, 2022, by Angela Waugaman for Freddie Mac.

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.49 percent.

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Fed Beige Book Shows Softening Housing, Commercial Activity

Originally published on November 30, 2022, by the Board of Governors of the Federal Reserve System.

Residential sales fell during the past month amid high interest rates, dropping moderately in some parts of the country but much more steeply in others, the Federal Reserve reported Nov. 30 in its latest Beige Book. Commercial sales and leasing have also softened, and vacancies continue to climb.

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Home Values Higher Near ALDI Grocery Stores: Report

Originally published on November 22, 2022, by ATTOM.

ATTOM, a leading curator of real estate data nationwide for land and property data, today released its 2022 Grocery Store Wars analysis, which shows how living near a Trader Joe’s, a Whole Foods or an ALDI might affect a home’s value – as a homebuyer based on home price appreciation and home equity, or as an investor looking for the best home flipping returns and home seller ROI.

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Construction of Single-family Homes Continues to Slow, According to NAHB

Originally published on November 17, 2022 by Elizabeth Thompson and Stephanie Pagan for the National Association of Home Builders.

Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production.

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Housing Key Concern as Military Return to Civilian Life: Report

Originally published on November 10, 2022, for Freddie Mac.

A new survey from Freddie Mac (OTCQB: FMCC) found that 64% of active-duty servicemembers transitioning to civilian life expect their search for affordable housing to be extremely or somewhat challenging. The survey also found that the majority of veterans believe VA Home Loans provide a clear pathway to homeownership. Eighty-seven percent of active-duty military are aware of the program’s benefits, and 90% of active-duty servicemembers who are currently renting plan to use a VA Home Loan to buy a home at some point.

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Home Price Gains in Opportunity Zones Top Overall Market in Q3, ATTOM Report Reveals

Originally published on November 10, 2022, by ATTOM.

ATTOM, a leading curator of real estate data nationwide for land and property data, today released its third-quarter 2022 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017 (see full methodology below). In this report, ATTOM looked at 4,732 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the third quarter of 2022.

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Hotel Profitability Improves, But Labor Costs Rise: STR 

Originally published on November 8, 2022, by Michael Tucker for the Mortgage Bankers' Association.

U.S. hotel gross operating profit per available room improved in September and now exceeds the pre-pandemic comparable, said STR, Hendersonville, Tenn. But the STR P&L data release for September noted the cost of labor per available room came in higher than the pre-pandemic comparable for the first time.

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Report Finds Some Racial Disparities in Home Appraisals

Originally published in November 2022 by Junia Howell and Elizabeth Korver-Glenn for the Arts & Sciences at Washington University.

Homes in predominately white neighborhoods are reportedly appraised at double the value of homes in communities of color with comparable amenities, the Weidenbaum Center on the Economy, Government, and Public Policy concluded in its Nov. 3 report Appraised: The Persistent Evaluation of White Neighborhoods as More Valuable Than Communities of Color. The report utilizes information found in the Uniform Appraisal Dataset.

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Some Real Estate Sectors ‘Normalizing,’ Others Seeing ‘New Normal:’ Report

Originally published on October 27, 2022, by PwC.

The Urban Land Institute (ULI) and PwC US today released Emerging Trends in Real Estate® 2023, an annual report highlighting the trends shaping the real estate industry. In its 44th edition, the report includes proprietary data and insights from more than 2,000 leading real estate industry experts, exploring shifts in the property sector since the pandemic, changing investor sentiment toward climate risks, the emergence of impact investing, and other real estate issues within the United States and Canada.

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Appraisal Institute Releases Podcast on the Appraiser Diversity Initiative

Originally aired on November 4, 2022, by Warren Boizot, SRA, AI-RRS, and Tonia Vailas, MAI, AI-GRS for the Appraisal Institute's Face Value.

The Appraisal Institute on Nov. 4 released its latest episode of the Face Value podcast, “Appraiser Diversity Initiative: Helping Aspiring Appraisers Find a Path to Success.” Host Tonia Vailas, MAI, AI-GRS, chats with Bill Garber, director of government and external relations for AI, and two AI professionals about the Appraiser Diversity Initiative, their personal experiences with the program, and how to get involved.

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Student Housing Earns High Grades with Record Performance in 2022: Yardi Matrix

Originally published on October 24, 2022, by the Yardi Matrix.

The student housing industry continued to ride healthy demand and strong fundamentals to another record-breaking performance in Q3 and 2022 overall, according to the new quarterly National Student Housing Report from Yardi® Matrix.

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Affordable Housing at ‘Critical Juncture,’ Report Reveals

Originally published on October 25, 2022, by Michael Tucker for the Mortgage Banker's Association.

The affordable housing market sits at a “critical juncture” as heightened housing demand and soaring inflation challenge low-income households, reported Arbor, Uniondale, N.Y.

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Atlanta Boasts Most New Apartment Units, Study Shows  

Originally published on September 21, 2022, by Maria Gatea for StorageCafe.

Downtown living can be quite polarizing – some people love the hustle and bustle of city center areas while others tend to avoid them in favor of quieter neighborhoods a little further out. But even with the rapid development of life in the suburbs, downtown living never lost its shine. In fact, according to our latest study, the country’s major cities experienced a resurgence of apartment construction in their central neighborhoods over the last decade.

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Square Footage Costs More in the Suburbs than in Urban Centers, Redfin Reports

Originally published on October 18, 2022, by Angela Cherry for Redfin.

As home prices fall fastest in cities and mortgage rates rise, the value of a square foot in the suburbs has caught up with that of urban centers. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage, which found that space in suburban homes was worth more than space in urban homes in September for the first time since Redfin started tracking this data in 2018. The typical home in suburban neighborhoods nationwide was worth $206 per square foot during the four weeks ending September 25, just slightly higher than $205 in urban neighborhoods.

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Data Center Vacancy Declines to Record Low During First Half of 2022: CBRE Report 

Originally published on October 16, 2022, by Michael Tucker for the Mortgage Bankers Association.

The North American data center market added significant new supply this year, but overall vacancy declined to a record low, reported CBRE, Dallas.

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Americans Willing to Buy a Haunted House: Survey

Originally published on October 10, 2022, by Jaime Dunaway-Seale for Real Estate Witch.

In this monster of a market, buyers are willing to overlook just about anything to own a home, including a few ghosts.

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Nearly Two-thirds of Homebuyers Hesitant to Buy in Disaster-prone Areas: Redfin

Originally published on October 7, 2022, by Isabelle Novak for Redfin.

Nearly two-thirds (62%) of U.S. residents who plan to buy or sell a home in the next year are hesitant to move to an area at risk of natural disasters, extreme temperatures and/or rising sea levels, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The share is even higher among younger generations, high-earners, Democrats and people living in the Northeast.

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