The Appraisal Institute Board of Directors at its Nov. 11-12 meeting in Chicago approved the Strategic Plan strategies that will guide the organization’s efforts in 2022, and beyond.
Originally published on November 11, 2021, by Rachel Conner for Realtor.com.
After sitting on the sidelines as low mortgage rates fueled homebuyer demand and listing price growth throughout the pandemic, the majority of prospective sellers1 are eager to enter the housing market within the next six months, according to a new Realtor.com® Survey released today. Although sellers' expectations for bidding wars and fast-paced sales have only gotten higher since the spring, the potential uptick in new listings offers holiday hope to buyers challenged by the shortage of for-sale homes.
Originally published on November 17, 2021, by the Appraisal Institue.
The Appraisal Institute Board of Directors voted to adopt three 45-Day Notice items during its Nov. 11-12 meeting in Chicago. The 45-Day Notice items address Designated Member Status, Compensation Committee, and Standards of Valuation Practice.
Commercial real estate tenants say they are more likely to increase their space next year than decrease it, with around 70% reportedly looking to expand, the Visual Lease Data Institute reported Nov. 10 in its new commercial real estate outlook. Most tenants and landlords expect rent prices to be the same or slightly higher next year.
Originally published on November 3, 2021, for Bloomberg.com.
Ivy Zelman, the housing analyst famous on Wall Street for calling the top of the market in 2005, less than two years before the collapse, sees warning signs once again.
Originally published on November 1, 2021, by Frank Nothaft for CoreLogic.com.
Much like other parts of the U.S. economy, commercial property sales fell when the pandemic began. By the second full month of the pandemic, settlements on commercial real estate transactions were about one-half the prior year’s level, hitting a 10-year low in May 2020 and down nearly 50% from one year earlier.
Originally published on November 3, 2021, by Howard Schneider and Ann Saphir for Reuters.com.
The Federal Reserve threw its weight back behind the drive for a full U.S. jobs recovery on Wednesday, restating its belief that current high inflation is "expected to be transitory" and, despite risks to that view, arguing that price pressures will ease and pave the way for stronger employment and economic growth in the months to come.
Originally published on November 3, 2021, by Isabelle Novak for Redfin.com.
The supply of America's most affordable homes for sale jumped a record 13% year over year in the third quarter as mortgage forbearance programs came to an end, prompting many owners of low-cost homes to put their properties on the market, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Originally published on October 27, 2021, by the Urban Land Institute.
The Fall 2021 ULI Real Estate Economic Forecast for 2021 to 2023 gives high-level projections of recovery to pre-pandemic levels for many U.S. real estate indicators by 2023, but with reasons to celebrate for equity REIT investors and significant disappointments for the hotel sector.
Originally published by The Boulder Group in Q3 2021.
Cap rates in the single-tenant drug store sector decreased by 59 basis points to a new historic low rate of 5.80% in the third quarter of 2021. New historic low cap rates levels for CVS and Walgreens of 5.15% and 5.40% respectively were the primary driver of the compression. Rite Aid cap rates were compressed by 40 basis points to 7.40% but did not reach their prior historic low (2008). Investor demand for essential retailers carried over from 2020 into 2021, propelling cap rates for all three major tenants in the single-tenant drug store sector lower.
Originally published by Michael Tucker on October 26, 2021, for Mortgage Bankers Association.
CBRE, Dallas, said the flex-office sector is poised to benefit as companies adapt their office portfolios to accommodate more flexible work practices.
Originally published on October 28, 2021, by Angela Waugaman for Freddie Mac.
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 3.14 percent.
Originally published on October 20, 2021, by Joy Wiltermuth for MarketWatch.com.
Here comes more trouble for embattled U.S. shopping malls.
Originally published on October 17, 2021, by Michael Tucker for MBANewslink.com.
No property type’s fundamentals have rebounded as swiftly as the hotel sector’s, reported Colliers, Toronto.
Originally published by Paul Fiorilla on October 14, 2021, for CommercialSearch.com.
Low-interest rates, increasing transaction volume and pent-up demand for short-term debt on transitional properties have contributed to a surge in mortgage origination in 2021.
Originally published on October 21, 2021, by Quintin Simmons for the National Association of Realtors.
Existing-home sales rebounded in September after seeing sales wane the previous month, according to the National Association of Realtors®. Each of the four major U.S. regions witnessed increases on a month-over-month basis. From a year-over-year timeframe, one region held steady while the three others each reported a decline in sales.
Originally published on October 14, 2021 by Angela Waugaman for Freddie Mac.
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 3.05 percent.
Originally published on October 14, 2021, by the Urban Land Institute.
PwC US and the Urban Land Institute (ULI) today released Emerging Trends in Real Estate® 2022, highlighting the evolving trends shaping the real estate industry. The report, which includes proprietary data and insights from nearly 1,700 leading real estate industry experts, explores how the property sector has seen encouraging and unprecedented recovery from the Covid-19 pandemic.
Originally published on October 18, 2021, by Adam Russell for Federal Housing Finance Agency.
The Federal Housing Finance Agency (FHFA) today announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities.
