Home Prices Up 13%, Biggest Increase Since 2013, Says Redfin
The U.S. median home sale price increased 13% from 2019 to $319,178—the highest on record, according to a new report from Redfin, the technology-powered real estate brokerage. This […]
New Home Buyers Push Demand for Mortgage Applications Up 33% from Last Year
A report by the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2020 showed that mortgage applications for new home purchases increased […]
Annual Net Leasing Activity Plunged 68 Percent in Q2, Says CBRE
Net-leasing investment volume dropped 68.1% year-over-year to $8.1 billion in Q2, according to new research from CBRE Group. The decline for total U.S. commercial real estate over […]
Here are the Cities Where Housing Budgets are Stretched the Most/Least
Realtor Magazine recently published an analysis by leading online market place Lending Tree, which looked at how much leverage buyers have in the nation’s 50 […]
Mortgage Credit Availability in the U.S. Decreased in August
The Mortgage Bankers Association is reporting this week that U. S. mortgage credit availability decreased in August 2020. The MCAI fell by 4.7 percent to […]
CBRE: Asset Prices will Drop 10-20 Percent by Year End
Investment property values are expected to decline 10% to 20% by year’s end, causing a moderate rise in cap rates, according to a new report […]
Facebook and Amazon Sign Massive Office Deals Despite Pandemic
Despite work from home (WFH) protocols for their employees, tech titans are betting they will continue to need more office space in major metropolitan areas. […]
30-Year Mortgage Rates Fall to 2.88 Percent
In yet another unprecedented drop, the average 30-year mortgage rate fell to 2.88 percent, according to Freddie Mac’s latest Primary Market Mortgage Survey. This is […]
Cheap Money Fuels the COVID-19 Housing Recovery
According to Freddie Mac’s latest Primary Mortgage Market Survey for Mid-July 2020, the 30-year fixed-rate mortgage in the U.S. averaged 2.98 percent, the lowest rate in the […]
CRE: More Vacancies and Sublease Space and Greater Mortgage Delinquencies
The stubborn persistence of COVID-19 and the resultant Work From Home (WFH) practices are causing a growing number of companies to reduce their real estate […]