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U.S. Mortgage Rates Increase After 5 Weeks of Declines

U.S. Mortgage Rates Increase After 5 Weeks of Declines

According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average U.S. mortgage rate rose for the first time in five weeks in late April 2017. Read More »


Pending Home Sales in U.S. Dip in March

Pending Home Sales in U.S. Dip in March

According to according to the National Association of Realtors, U.S. pending home sales in March 2017 maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply weighed on activity. Read More »

New York City's Retail Sector Facing Market Headwinds in Early 2017

New York City's Retail Sector Facing Market Headwinds in Early 2017

Global real estate consultant CBRE's new released Manhattan Retail MarketView for Q-1 is now reporting that New York City retail sector fundamentals and demand drivers remain strong, yet still face market headwinds in early 2017. Read More »

Remodeling Index in U.S. Upticks in March

Remodeling Index in U.S. Upticks in March

The National Association of Home Builders' Remodeling Market Index (RMI) rose to 58 in the first quarter of 2017, an increase of five points from the fourth quarter of 2016 and the highest reading since 2015. Read More »


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Global Property Spotlight

Cap Maison Resort - (St. Lucia, West Indies)

Cap Maison Resort - (St. Lucia, West Indies)

On the Caribbean island of St.Lucia, known worldwide for its natural beauty, Cap Maison is in a truly breathtaking location in one of St.Lucia's most desirable areas. Read More »

Last Updated April 28, 2017 9:00 AM ET

United States Property News

According to the National Association of Realtors, existing-home sales took off in March 2017 to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago.

Residential rents across the country rose 0.7 percent from last March 2016, the slowest rate of appreciation since November 2012.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending April 14, 2017, U.S. mortgage applications decreased 1.8 percent from one week earlier.

Following an elevated February 2017 reading, nationwide housing starts fell 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units

Deregulation. Or less regulation. That's the magic wand President Donald J. Trump, a homebuilder by birth, is waving over the nation's real estate industry today.

U.S. homebuilder confidence dipped three points in April 2017 to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index,

Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015.

According to JLL, lower Manhattan recorded more than 2.3 million square feet in leasing transactions in the first quarter of 2017.

Mortgage applications for new home purchases increased 6.7 percent compared to March 2016. Compared to February 2017, applications increased by 23 percent relative to the previous month.

According to Freddie Mac's latest Primary Mortgage Market Survey released April 13, 2017, the 30-year mortgage rate in the U.S. dropped for the fourth consecutive week and hitting a new low for 2017.

According to a new U.S. second-home survey by the National Association of Realtors, last year's strongest pace of existing home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors.

According to Freddie Mac, more U.S. home renters are optimistic about their financial situations and expect to stay where they are even if their rents increased.

According to CBRE Group, Inc., vacant space in the U.S. office market rose modestly during the first quarter of 2017 (Q1 2017) to 13.0 percent. The 10 basis points (bps) increase was attributable to increased office supply.

The soft hiring seen in March is not too concerning and likely a single month aberration. The recent high levels of voluntary quitting, presumably because of better job opportunities elsewhere, will lead to strengthening wage growth.

According to the Mortgage Bankers Association's 2016 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation, U.S. commercial and multifamily mortgage bankers closed $490.6 billion of loans in 2016.

According to the Greater Las Vegas Association of Realtors, the recent trend of rising home prices and sales in Southern Nevada continued through March 2017.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year mortgage rate in the U.S. dropped for the third consecutive week and closing in on the 2017 low.

With the migration of many millennials to urban environments, some commercial real estate industry observers are less than bullish when it comes to suburban office product.


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