WeWork Reduces Rents Amid Ongoing Pandemic
New York-based flex-office provider WeWork has reduced rents at many of its properties amid the prolonged COVID-19 pandemic, according to an analysis by Bloomberg News. […]
Unsold Inventory At All-Time Low as the Housing Market Continues to Sizzle
Total housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million), […]
Commercial and Multifamily Mortgage Delinquencies Continue to Rise
Delinquency rates for mortgages backed by commercial and multifamily properties increased for the second month in a row in December 2020, according the Mortgage Bankers […]
The Number of U.S. Cities with a Typical Home Value of $1 Million Surges
While the typical value of a home in the United States is about $263,000, the number of “million-dollar cities” rose sharply in 2020, according to […]
The Best Performing Residential Markets Around the World
Price appreciation in the Philippine’s capital city of Manila lead the annual ranking of Knight Frank’s latest Global Residential Cities Index for the second year in […]
Record Prices and the Pandemic Slow Down Home Sales in November
Existing-home sales in the U.S. fell in November 2020, ending a five-month streak of monthly gains, according to a report by the National Association of […]
Commercial Real Estate Loans Decline 34 Percent in 2020
Commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties in 2020, a 34 percent decline from 2019’s […]
Low Mortgage Rates and a Hot Stock Market Drive Down All-Cash Home Purchases
Nearly a quarter of all home sales in the U.S. were paid for outright, according to a report by Redfin. About 24.3 percent of homes […]
Mortgage Rates Hit a New Record Low, Reports Freddie Mac
The rate on a 30-year fixed hit a new low this week of 2.67 percent, according to Freddie Mac. It’s the first time the average 30-year […]
San Diego Ranks First in Home Bidding Wars Says Redfin
National property broker Redfin is reporting this week that 53.6 percent of U.S. home offers written by Redfin agents nationwide faced competition in November 2020. […]