Filtered by category: Industry Clear Filter

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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New Home Sales Decline Amid Affordability Challenges: NAHB

Originally published on April 26, 2022, Elizabeth Thompson and Stephanie Pagan for NAHB.

Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March.

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Foreclosure Activity at Post-pandemic High in Q1: Data

Originally published on April 21, 2022 by ATTOM Staff for ATTOM. 

IRVINE, Calif. — April 21, 2022 — ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), the largest online marketplace for foreclosure and distressed properties, today released its Q1 2022 U.S. Foreclosure Market Report, which shows a total of 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39 percent from the previous quarter and up 132 percent from a year ago.

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Healthcare Sector Considered ‘Recession-resistant:’ CBRE

Originally published on April 21, 2022, by Michael Tucker for Mortgage Banker's Association.

CBRE, Dallas, reported investors plan to allocate more capital to healthcare real estate, highlighting rising confidence in the asset class.

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Inclusionary Housing Policies Lead to Greater Number of Affordable Homes: Study

Originally published on April 19, 2022 by MBA Newslink Staff for the Mortgage Banker's Association.

A study by a Mortgage Bankers Association-supported member network suggests an optimal mix of incentives and requirements could help policymakers avoid polarizing private sector and community stakeholder groups while working toward the goal of increasing affordable housing production.

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Self-storage Sector in Strong Position Heading into Leasing Season: Yardi Matrix

Originally published on April 21, 2022, for YardiMatrix.

SANTA BARBARA, Calif., April 21, 2022 – The self storage sector stands in a strong position heading into prime leasing season, according to the latest Yardi® Matrix National Self Storage report. The overall national street rate for self storage remains unchanged from July 2021 at $145.

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Largest Mall Operator in Europe Seeks to Unload $13 Billion in US Assets: Report

Originally published on April 12, 2022, by Jack Roger for Globest.com.

Unibail-Rodamco-Westfield, Europe’s largest mall operator, is planning to exit the US market and sell its portfolio of US mall properties by the end of 2023, according to a report in The Wall Street Journal.

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Trends Report Shows Digitalization and Deglobalization Driving Industrial Sector

Originally published on April 12, 2022, by Michael Tucker for the Mortgage Banker's Association. 

Digitalization, demographics and deglobalization will drive the industrial market growth in the near future, said Newmark, New York.

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Record Home Price Growth Led by Sun Belt States: CoreLogic

Originally published on April 5, 2022, by Molly Boesel for CoreLogic.com.

Home Price Index Highlights: February 2022

  • National home prices increased 20% year over year in February.
  • Florida’s Gulf Coast logged the highest annual increases in February.

Overall HPI Growth

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Mortgage Rates Increase at Fastest Rate Since 1994, Freddie Mac Reports

Originally published on April 7, 2022, by Chad Wandler for Freddic Mac.

MCLEAN, Va., April 07, 2022 (GLOBE NEWSWIRE) -- 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 4.72 percent.

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Single-tenant Net Lease Cap Rates at Historic Lows: Data

Originally published on April 13, 2022 by John Feeney for the Boulder Group.

Cap rates in the single-tenant net lease sector reached historic lows in all three asset classes during the first quarter, The Boulder Group reported April 7 in its Q1 2022 Net Lease Market Report. Cap rates compressed for the retail, office and industrial categories by 13, 10 and 17 basis points, respectively.

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Mortgage Rates Increase Alongside Rising Inflation, Freddie Mac Survey Shows

Originally published on March 5, 2022, by Freddie Mac.

Mortgage rates rose in the past week amid rising inflation and the expectation of strong demand for goods, Freddie Mac reported on March 31 in its Primary Mortgage Market Survey. While purchase demand has weakened slightly, it has continued to outperform expectations.

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