Originally published on June 14, 2023, by Danielle Nguyen for John Burns Research & Consulting.
Originally published on June 14, 2023, by Danielle Nguyen for John Burns Research & Consulting.
Originally published on June 20, 2023, by Barbara Ballinger for GlobeSt.com.
The purpose-built student housing segment has been a steady winner for many developers for years, faring well even in recessionary and down periods. Students needed a place to live and didn’t always want to reside on campus, especially after freshman year. These off-campus dwellings long offered a robust list of attractive amenities seen in conventional multifamily housing, as well as comfortable apartment layouts with living and sleeping spaces typically furnished. Students are leased by a “bed” rather than a room.
Originally published on June 15, 2023, by Richard Berger for GlobeSt.com.
Houston was named the overall “winner” when it comes to market attractiveness when evaluated for five key tenant types, according to a new report from Cushman & Wakefield.
Originally published on June 8, 2023 by Troy Green by the National Association of Realtors.
The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country's persistent housing inventory crunch impacts middle-income buyers more than any other income bracket.
Originally published in June 2023 by Hany Guirguis, Ph.D., Manhattan College and Michael J. Seiler, DBA, College of William & Mary for NAIOP.
The national office market experienced total negative net absorption of 21.3 million square feet through the fourth quarter of 2022 and the first quarter of 2023, bringing the vacancy rate to 17.8 percent, the highest level since the second quarter of 1993.1 The COVID-19 public health emergency officially ended in the United States on May 11, 2023, but remote and hybrid work arrangements remain largely in place and continue to negatively affect demand for office space.
Originally published on June 7, 2023, by Matthew Classick for Fannie Mae.
WASHINGTON, DC – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) decreased in May by 1.2 points to 65.6, as affordability constraints continue to color consumers’ perceptions of homebuying and home-selling conditions. Four of the HPSI’s six components decreased month over month, most notably the component polling consumers’ belief that it’s a “good time to buy,” which is once again nearing its survey low. The “good time to sell” component, however, increased in May to its highest level since last July. Additionally, for the second consecutive month, a greater share of consumers indicated that they expect home prices to increase over the next year. The full index is down 2.6 points year over year.
Originally published on June 1, 2023, 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 6.79 percent.
Originally published on May 25, 2023, by The Urban Land Institute.
Positive but slow growth is in store for the U.S. economy over the next two years with a return to stronger growth and average inflation in 2025. Changes over this three-year forecast period are expected to reflect this pattern, according to the latest edition of the Urban Land Institute’s (ULI) semiannual Real Estate Economic Forecast.
Originally published on May 30, 2023, by Anneliese Mahoney for Mortgage Banker's Association.
CBRE, Dallas, raised its hotel performance outlook for this year once again, improving its forecast for revenue per available room to $97.89, up 6% year-over-year, and an increase of 43 cents from its previous forecast.
Originally published on May 19, 2023, by Ally Braun for RedFin.
here are just four major U.S. metropolitan areas where it would be cheaper to buy than rent the typical home—that is, the typical home has an estimated monthly mortgage cost lower than its estimated monthly rental cost. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Originally published on May 24, 2023, by Michael Tucker for Mortgage Banker's Association.
Economic uncertainty remains high for commercial real estate through the rest of 2023, reported JPMorgan Chase & Co., New York.
Originally published on May 23, 2023, by Hannah Jones for Realtor.com.
Concord, New Hampshire ranked as April’s hottest housing market. This is the 2nd time in the metro’s history that Concord has ranked as the nation’s hottest market. The first time Concord topped the list was in June 2022 and Concord has only been absent from the Top 20 list for 3 of the last 16 months.
Originally published on May 18, 2023, by Realtor.com.
The Realtor.com® April Rental Report found that the U.S. rental market experienced single-digit growth for the ninth month in a row after 15 months of slowing. Median rent across the top 50 metros was up just 0.3% year-over-year, the lowest growth rate since the onset of the pandemic. The median asking rent was $1,734, up by $4 from last month, but down by $43 from the peak.
Originally published on May 12, 2023, by Nathaniel Drake for Fannie Mae.
Key Takeaways:
Originally published on May 11, 2023, by Erik Sherman for Globest.com.
Distressed CRE loans continue to rise, according to CRE data, analytics, and valuation firm CRED iQ, which reports that most of the top metropolitan statistical areas saw significant jumps of up to 2.5%.
Originally published on May 9, 2023, by Troy Green for the National Association of Realtors.
Nearly seven out of 10 metro markets registered home price gains in the first quarter as 30-year fixed mortgage rates fluctuated between 6.1% and 6.7%, according to the National Association of REALTORS®' latest quarterly report. Seven percent of the 221 tracked metro areas registered double-digit price increases over the same period, down from 18% in the fourth quarter of 2022.
Originally published on May 9, 2023, by Keisha Virtue for JLL.
Originally published on April 28, 2023 by the Mortgage Banker's Association.
The National Council of Real Estate Investment Fiduciaries, Chicago, said its quarterly Property Index showed aggregate market values of properties declined for the third straight quarter; returns were negative for the second straight quarter.
Originally published on April 28, 2023, by Ally Braun for Redfin.
New listings are down more than 20% from a year ago as homeowners hang onto low mortgage rates, causing buyers to snap up homes quickly and keeping prices from falling further.
Originally published on April 25, 2023, for Goldman Sachs.
Big office buildings in large U.S. cities are the most at risk from turmoil in commercial real estate, according to Goldman Sachs Research. There are signs that smaller offices in suburbs, as well as newer buildings in central businesses districts, could be more insulated from the stress.