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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Originally published on October 19, 2022, by the Appraisal Institute.
Residential Market Analysis and Highest and Best Use by Mark R. Ratterman, MAI, SRA, explores how appraisers can plan and perform detailed market and highest and best use analyses that lead to credible and supportable value conclusions. The book uses real-world examples to demonstrate productivity analysis, examine supply and demand relationships in residential markets and explore best practices for researching data sources and applying statistical tools.
Originally published on October 10, 2022, by Randy Fuchs for Boxwood Means.
The aggregate market value of small-cap commercial real estate properties increased to a new peak during the third quarter despite an emerging slowdown in sales transactions and asset price growth.
Originally published on October 10, 2022, by Randy Fuchs for Boxwood Means.
The aggregate market value of small-cap commercial real estate properties increased to a new peak during the third quarter despite an emerging slowdown in sales transactions and asset price growth.
Originally published on October 13, 2022, by Angela Waugaman for Freddie Mac.
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.92 percent.
The Appraisal Institute on Sept. 23 released its latest episode of the Face Value podcast, “Lender Work for Appraisers: Facts, Myths and Opportunities.” Host Warren Boizot, SRA, AI-RRS, is joined by Michelle Rogers, SRA, and Ken Dicks, MAI, for a conversation on ways in which appraisers and lenders can successfully work together. They share their personal experiences in this area and offer advice and tips from the field.
Originally published on October 5, 2022, by Mortgage Bankers Association.
The Mortgage Bankers Association, in an updated baseline forecast, said total commercial and multifamily mortgage borrowing and lending is expected to fall to $766 billion this year, down 14 percent from 2021 totals ($891 billion).
Cap rates in the single-tenant net lease sector were up slightly in all sectors during the third quarter, the first time in two years with consecutive quarterly increases, The Boulder Group reported on Oct. 6 in its Q3 2022 Net Lease Market report. Retail reached 5.86%, office hit 6.8% and industrial came in at 6.61%.
Originally published on Ocotber 6, 2022, by Angela Waugaman for Freddie Mac.
Mortgage rates fell slightly during the past week due to ongoing economic uncertainty, Freddie Mac reported Oct. 6 in its Primary Mortgage Market Survey. Rates remain higher than they were a year ago, which is making housing more expensive for potential homebuyers.
Originally published on September 26, 2022, by Angela Cherry for Redfin.
Nationwide, roughly 64,000 home-purchase agreements fell through in August, equal to 15.2% of homes that went under contract that month. That’s up from 12.1% a year earlier and is comparable with July’s revised rate of 15.5%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
