According to Zillow, first-time homebuyers in the U.S. will have better luck in the Southeast if they are looking for a more affordable home.
Excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008.
U.S. commercial real estate executives are especially bullish on industrial, infrastructure and multi-family asset classes in 2017.
More than 103 million Americans--the most on record--are expected to travel for the year-end holidays. This represents a 1.5 percent increase.
The National Association of Home Builders is reporting this week that U.S. builder confidence in the market for newly built single-family homes held steady in November 2016.
The Baird/STR Hotel Stock Index decreased 0.8% in October 2016 to close the month at 3,108. Year to date, the index remains up 0.4%. Hotel stocks outperformed in October amid low investor expectations and rising interest rates.
Nearly 1.4 million (1,361,188) U.S. residential properties (1 to 4 units) representing 1.6 percent of all residential properties were vacant as of the end of Q3 2016..
STR is reporting this week that their Baird/STR Hotel Stock Index increased 0.9% in August to close the month at 3,349. Year to date, the index is up 8.2%. The Hotel Brand sub-index reported a 1.5% increase to 4,366 in August.
Freddie Mac's latest Primary Mortgage Market Survey is reporting this week that the average fixed mortgage rate in the U.S. is moving slightly lower for the week helping to spur ongoing refinance activity.
According to the National Association of Realtors, U.S. pending home sales expanded in most of the country in July 2016, and reached their second highest reading in over a decade. Only the Midwest saw a dip in contract activity last month.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average fixed U.S. mortgage rate increasing slightly, but again remaining near historic lows.
According to the National Association of Realtors, pending home sales in the U.S. were mostly unmoved in June. Increases in the Northeast and Midwest were offset by declines in the South and West.
Sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units.
The American Institute of Architects is reporting this week that buoyed by increasing levels of demand across all project types, the Architecture Billings Index (ABI) was positive in June 2016 for the fifth consecutive month.
According to the National Association of Realtors, with the aid by a greater share of sales to first-time buyers not seen in nearly four years, existing-home sales in the U.S. maintained their upward trajectory in June and increased for the fourth consecutive month.
According to AAA, over 43 million Americans will travel this July 4th weekend. This represents the highest Independence Day weekend travel volume on record and five million more travelers compared to Memorial Day weekend.
Based on Freddie Mac's latest Primary Mortgage Market Survey, average fixed mortgage rates in the U.S. dropped to new 2016 lows in the wake of the Brexit vote.