Columbus Real Estate News
Columbus
Just One Percent of Homes Have Changed Hands This Year in the U.S.
Based on new data from Redfin, roughly 14 of every 1,000 U.S. homes changed hands during the first six months of 2023.That's down from 19 of every 1,000 during the same period of 2019 and the lowest turnover rate in at least a decade.
U.S. Mortgage Applications Increase in Late March
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 24, 2023, U.S. mortgage applications increased 2.9 percent from one week earlier.
Orlando Leads the Nation is Highest Annual Home Rent Growth
According to CoreLogic's latest Single-Family Rent Index, U.S. annual single-family rent growth continued to slow year over year in January 2023, declining for the ninth straight month to 5.7%.
Commercial Property Cap Rate Expansion Likely to Continue in 2023
According to a new CBRE survey, U.S. capitalization rate expansion is likely to continue in the short-term for most real estate asset types, but could peak later this year and should decrease in 2024 as the end of the Federal Reserve's rate-hiking cycle is anticipated.
