According to property consultant Knight Frank, global housing markets continue to display healthy price growth in late 2023, despite the record rise in interest rates since late 2021. Across our basket of world cities, average prices only experienced a decline on a quarterly basis in the final quarter of 2022, after which prices have risen…
U.S. office vacancies will peak at 19.8 percent in late 2024 According to a new report from CBRE, office-building owners across the U.S. are granting more concessions, such as months of free rent and larger tenant-improvement allowances, to entice companies into their buildings amid a challenging office market and slowing economic growth. CBRE’s analysis of…
Based on new data from ATTOM, October continues to offer lower premiums for U.S. homebuyers, the single best day to buy a home is in January. According to ATTOM’s latest analysis of more than 47 million single family home and condo sales over the past 10 years, buyers who close on January 9th are seeing…
The Highest Percentage Share of Any Third Quarter on Record Based on new research by Redfin’s data journalist Lily Katz, nationwide, 30.6% of U.S. single-family homes for sale in the third quarter were new construction. That’s the highest share of any third quarter on record and up from 28.9% one year earlier and 25% two…
Based on CoreLogic’s latest monthly Loan Performance Insights Report for August, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.2 percentage point decrease compared with 2.8% in August 2022 and a 0.1 percentage point decrease from July 2023.…
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 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…
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.…