Filtered by category: Industry Clear Filter

‘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.

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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.

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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.

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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. 

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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).

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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.

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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.

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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%.

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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.

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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.

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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.

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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.

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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.

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Wildfire Damage to US Homes Exceeds $5 Billion: Data

Originally published on May 16, 2022, by Diana Olick for CNBC.com.

Raging New Mexico and California wildfires may offer an ominous outlook for America's growing swath, not just in the West.

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Companies Set Plans to Refine Office Spaces: CBRE Survey

Originally published on May 10, 2022, by Michael Tucker for Mortgage Bankers Association. 

CBRE, Dallas, said most office-using companies are developing long-term plans to expand or contract their office space now that employees are returning at least part-time after two years of mostly remote work.

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Housing Sentiment Falls to Lowest Level in Two Years

Originally published on May 9, 2022, by Matthew Classick for Fannie Mae.

Affordability Constraints Mount as Mortgage Rates and Home Prices Continue to Rise

WASHINGTON, DC – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates. All six of the index’s components decreased month over month, with a survey-high 76% of consumers indicating that they believe it’s a bad time to buy a home, up from 73% last month. Additionally, 73% of respondents expect mortgage rates to continue their recent ascent over the next 12 months, also a survey high. Year over year, the full index is down 10.5 points.

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Commercial and Multifamily Borrowing Surges 72% from Last Year: MBA Report

Originally published o May 12, 2022 by the Mortgage Bankers Association.

Commercial and multifamily mortgage loan originations increased by 72 percent in the first quarter from a year ago, the Mortgage Bankers Association reported Thursday.

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Pressures Mount, Causing Housing Market Uncertainty, NAR Economist Yun Reports

Originally published on May 4, 2022, by Quintin Simmons for the National Association of Realtors.

NATIONAL HARBOR, MD (May 4, 2022) – Two years after enduring the devastating financial impacts of COVID-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. However, as National Association of Realtors® Chief Economist Lawrence Yun explained today, there are significant questions regarding the sector's direction over the coming months.

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Student Housing Remains Strong Despite Drop in College Enrollment: Yardi Matrix

Originally published on April 27, 2022 by YardiMatrix.

SANTA BARBARA, Calif., April 27, 2022 – Despite a drop in college enrollment over the last two years, the student housing industry continues to perform well and is exhibiting healthy rent growth and preleasing for Fall 2022.

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