Mortgage Rates Top 7 Percent, Home Sales Plunge
The average 30-year fixed mortgage shot past the 7 percent mark for the first time since April 2002, according to Freddie Mac’s most recent market […]
30-Year Mortgage Rates More than Double from Last Year to 6.29 Percent
The average rate on the 30-year fixed mortgage reached 6.29 percent this week, more than double the average 2.88 percent recorded last year, said Freddie […]
The Housing Market Turns Bearish
After a decade of robust housing activity in the form of greater home sales, rising prices and higher rents, it appears the housing market is […]
Survey: More Listings are About to Hit the Market
More than two in five (44%) of Gen Zer homeowners (age 18-25) and over a third (35%) of Millennial homeowners (age 26-41) saying they plan […]
Inflection Point: Is the Hot Housing Market About to Cool Down?
Years of historically low interest rates, economic growth and government stimulus policies have contributed to an epic recovery in real estate values since seeming to […]
Typical Home Flipping Profit Drops to $68,847
The gross profit on typical home-flipping transaction (the difference between the median sales price and the median paid by investors) stood at $68,847 in the […]
Sticker Shock Awaits Warehouse Tenants During Lease Renewals
Warehouse occupiers will face double-digit rent increases in the coming months and well into 2022 for renewing their leases or moving to new space, according […]
Tech Companies Fueling Demand for Office Space
Office leasing activity by tech companies increased by 122 percent on average in the second and third quarters from the first quarter, according to a […]
U.S. Hotel Occupancy Falls Despite a Rise in Air Travel
Weekly occupancy at U.S. hotels fell by 1.5 percent to an average of 61.7 percent, according to a press release by STR. The drop came […]
Buildings Account for 38 Percent of Greenhouse Emissions Says UN Agency
Buildings contribute 38% of worldwide greenhouse emissions, according to a report by the United Nations Environment Programme (UNEP). Nearly one-third (28%) of emissions are the results […]