Retail sector needs to be reshaped to regain its competitive advantage says JLL According to a new retail report released by JLL, Hong Kong’s retail rents are unlikely to return to their historical market peaks in the coming five years due to the six key challenges ahead. To speed up the pace of recovery of…
As U.S. lenders chase an increasing number of delinquent mortgages in 2023 According to ATTOM’s newly released fourth-quarter 2023 Vacant Property and Zombie Foreclosure Report, almost 1.3 million (1,294,505) residential properties in the United States are vacant. That figure represents 1.27 percent, or one in 78 homes, across the nation – virtually the same as…
According to new research by CBRE, Asia Pacific electric vehicle (EV) sales have seen exponential growth in the past two years, accounting for nearly two-thirds of global auto sales. The soaring demand for charging facilities across the region provides the opportunity for commercial real estate owners to enhance their assets with EV charging installations. CBRE…
According to the Mortgage Bankers Association’s latest Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $534 on each loan they originated in the second quarter of 2023, an improvement from the reported loss of $1,972 per loan in the first quarter of 2023.…
According to the latest Multifamily Market Survey by the National Association of Home Builders, builder confidence in the market for new multifamily housing was in positive territory for the second quarter. The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 56 for the second quarter while the Multifamily Occupancy…
Based on Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 7.09 percent, reaching its highest level in over twenty years in mid-August. “The economy continues to do better than expected and the 10-year Treasury yield has moved up, causing mortgage rates to climb,” said Sam Khater, Freddie Mac’s Chief Economist. “The…
According to new CBRE data, Brisbane has emerged as an Asia Pacific leader in the office leasing stakes, ranking second only to Seoul when it comes to growth in the city’s tenancy base over the past 18 months. In a new report, CBRE highlights that a robust return to the office coupled with a solid…
Based on new data by global property consultant Knight Frank, surging inflation and constant mortgage rate hikes in 2023 have hobbled many mainstream property markets, worldwide. While many property markets have borne the brunt of this pain, property sales volumes, not home prices, have been the greatest casualty to date. Knight Frank also states that…
Based on ATTOM’s 2022 property tax analysis for 87 million U.S. single family homes, $339.8 billion in property taxes were levied on single-family homes in 2022, up 3.6 percent from $328 billion in 2021. The increase was more than double the 1.6 percent growth in 2021, although smaller than the 5.4 percent increase the prior…
According to the National Association of Home Builders, U.S. taxpayers are taking advantage of new home energy-efficiency related tax credits. A recent Internal Revenue Service data analysis by NAHB indicates that more than 800,000 taxpayers claimed a new home-related energy-efficiency tax incentive. “Builders have found that buyers are seeking out new homes with durable…