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WeWork Reduces Rents Amid Ongoing Pandemic

February 19, 2021 0

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

February 3, 2021 0

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

January 21, 2021 0

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

January 21, 2021 0

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

January 11, 2021 0

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

December 29, 2020 0

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

December 29, 2020 0

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

December 29, 2020 0

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

December 20, 2020 0

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

December 20, 2020 0

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.  […]

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