Strong Demand & Tight Supply Drive U.S. Home Prices to Historical Highs
For the first time ever, the national median home price has reached $200,000, a 7.5% increase from June 2016, according to a Real Estate Market […]
Foreigners Buying US Real Estate at Record Pace
Real estate purchases by foreigners and recent immigrants jumped 49% to $153.0 billion between April 2016 and March 2017, from $103.9 billion over the same […]
Amazon Poised to Enter the Real Estate Business
Ecommerce giant Amazon, which recently announced its entry into the produce and grocery business with the acquisition of Whole Foods, appears to be branching out into […]
Mortgage Rates Move Higher
Applications for real estate mortgages increased 1.4% from the previous week, according to information supplied by the Mortgage Bankers Association. However, on an annual basis, […]
Warren Buffet Invests $377 Million in Retail REIT
Legendary investor and Berkshire Hathaway chairman Warren Buffet has invested $377 million in Store Capital Corp (STOR), a REIT focused on investing in single-tenant real […]
Average Daily Rate at U.S. Hotels Reaches $127.47
The Average Daily Rates (ADR) at U.S. hotels reached $127.47 during the week of May 21-27, a 2.5% increase from the previous week, according to […]
Mortgage Rates Drop to New Low for the Year
Freddie Mac’s latest Primary Mortgage Market Survey showed that rates dropped to the lowest levels in 2017 against a sharp drop in Treasury yields. Rates […]
Homeowner Sues Zillow for its ‘Zestimate’ Feature
An disgruntled Illinois-homeowner is suing online real estate company Zillow Group, alleging that its ‘Zestimate’ feature, which provides a value estimate for properties, underestimated the value […]
CRE Giants Report Q1 2017 Earnings
Corporate real estate giants CBRE, Jones Lang LaSalle and Colliers International, reported better than expected Q1 earnings last week. All three companies suffered weaker performances from […]
Will Home Builders Provide Relief to Frustrated Home Buyers?
Record home prices and strong demand typically translate into a robust and active real estate market with heavy transaction volume. However, in this real estate cycle, […]