May 2017 Monthly Archive
Hong Kong Monetary Authority's (HKMA) two-way squeeze to control an overheating property market is unlikely to have any material effect on still-upbeat sentiment for residential properties in Hong Kong.
The MPI index dropped seven points to 48 in the first quarter of 2017. The MPI has not had a reading of under 50 since the fourth quarter of 2011.
National U.S. home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade. The median home value in the U.S. is now $198,000, 1 percent higher than peak value hit in 2007.
According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability decreased in April 2017, as represented in a dip in the Mortgage Credit Availability Index (MCAI).
According to the American Automobile Association, over 39.3 million Americans will travel 50 miles or more away from home this 2017 Memorial Day weekend.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average mortgage rates hitting their lowest mark of the year in Mid-May 2017. 30-year mortgage rate fell 7 basis points this week.
According to a new report by the Miami Association of Realtors, Miami single-family home sales, median prices, traditional transactions and dollar volume increased year-over-year in April 2017.
According to the National Association of Realtors, stubbornly low supply levels held down existing-home sales in April 2017 and also pushed the median number of days a home was on the market to a new low of 29 days.
The recent Belt & Road (B&R) Forum for International Cooperation held in Beijing was attended by numerous international leaders and organizations and discussed topics including currency swaps, policy, infrastructure and trade.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. during April dropped for the first time in 2017.
Changing demographics brought forth by immigration and growing interest from foreigners are positioned to bolster home sales activity and prices.
According to JLL, office completions in Moscow in Q1 2017 dropped to 21,143 square meters, 63% down Year-over-year. The delivery of 63,000 square meters of future office space was postponed.
According to the National Association of Home Builders, in a further sign that the U.S. housing market continues to strengthen, home builder confidence in the market for newly-built single-family homes rose two points in May.
Renters are starting to look for cheaper housing options outside downtown cores, prompting rent payments to rise faster in the suburbs than in urban areas.
The multi-year stretch of robust job gains along with improving household confidence are expected to guide existing-home sales to a decade high in 2017.
Despite breathless media headlines about various big-box retailers closing stores, others in that category are opening hundreds of stores.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed mortgage rate remained around four percent for the fifth consecutive week in mid-May 2017.
The market in the Russian capital is still riding strong, gaining volume of rooms sold in most segments and rates in some. Overall, the weighted market average occupancy of the quality hotels in the Russian capital had risen 2.6 ppt.
According to the U.S. Department of Housing and Urban Development and the Commerce Department, led by a decline in multifamily production, nationwide housing starts fell 2.6 percent in April.
The financial and technology sectors are two of the main drivers fueling one of the strongest economies in the country. This has made the Texas commercial real estate market an attractive target for investors and appealing destination for young professionals.
