California's home sales lost momentum in October 2017 to post the first back-to-back annual sales decline in more than a year as a stubbornly low supply of available homes for sale continued to plague the market.
The retail industry of 2030 will provide tailored experiences for individual customers across any channel, at any place and at any time using data analytics and new technology. These changes will have a profound impact on the global retail property sector as well.
In the U.S., home builder confidence rose two points to a level of 70 in November 2017 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March, and the second highest on record since July 2005.
NAHB chairman Granger MacDonald issued the following statement on the House passage of The Tax Cuts and Jobs Act today:
The willingness of tech companies to pay a premium for office space in the hottest tech submarkets is spilling over into neighboring submarkets as available office space dwindles.
According to ATTOM Data Solutions' Q3 2017 U.S. Home Equity & Underwater Report, at the end of the third quarter of 2017 there were 4.6 million (4,628,408) U.S. properties that were seriously underwater
Hong Kong led the Asia Pacific region by volume of hotel investment transactions, with 11 deals worth a total of nearly $1.5 billion in the year to September 2017.
2017 is shaping up to be a year like no other. But commercial real estate continues to successfully navigate this uncharted territory.
According to the Greater Las Vegas Association of Realtors, after many years of strong price appreciation, local Las Vegas home prices started cooling down in October 2017; though home prices and sales are still well up from one year ago.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate slightly dipped across the board. 30-year fixed-rate mortgage (FRM) averaged 3.90 percent with an average 0.4 point for the week ending November 9, 2017.
San Francisco, which has been the nation's least affordable housing market for nearly five years, was supplanted by Los Angeles in the third quarter of 2017.
According to Zillow, saving for a down payment is a moving target for many first-time buyers, especially in pricey markets like Seattle and San Jose, where home values are expected to rise as much as $36,000 over the next year.
Third quarter 2017 commercial and multifamily mortgage loan originations were 21 percent higher than during the same period last year and 8 percent higher than the second quarter of 2017.
According to new research from JLL, property technology - or PropTech - start-ups in Asia Pacific are outpacing their counterparts in Europe and the United States with 179 of them raising around $4.8 billion in funding since 2013.
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 3, 2017, U.S. mortgage applications remained unchanged from one week earlier.
According to global property advisor CBRE, Middle Eastern investment in global commercial real estate reached $10.1 billion in the 12 months leading up to Q2 2017, with the United States the top country target.
With positive government interventions to bring in more investors and diversify Bahrain's real estate market, retail remains a significant area of growth in the Kingdom's property sector.
According to CBRE, commercial real estate lending markets remained on the upswing in Q3 2017 with rising equity prices, limited volatility and tightening spreads.
The National Association of Realtors is reporting this month that a steadily improving U.S economy, sustained job growth, and rising confidence that now is a good time to buy a home should pave the way for an increase in existing-home sales in 2018.