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Real Estate News

Three of Four Vacant Residential Properties in U.S. are Investment Homes

Three of Four Vacant Residential Properties in U.S. are Investment Homes

Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties. Read More »


Hurricanes Take Toll on September Housing Production in U.S.

Hurricanes Take Toll on September Housing Production in U.S.

According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts fell 4.7 percent in September 2017 to a seasonally adjusted annual rate of 1.13 million units. Read More »

Home Builder Confidence in U.S. Jumps Four Points in October

Home Builder Confidence in U.S. Jumps Four Points in October

According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017. Read More »

Mortgage Rates in U.S. Now Rise, After 2-Month Decline

Mortgage Rates in U.S. Now Rise, After 2-Month Decline

According to Freddie Mac's latest Primary Mortgage Market Survey for mid-September 2017, the average 30-year fixed mortgage rate increased for the first time in seven weeks. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated October 26, 2017 8:00 AM ET

Houston Property News

The National Association of Home Builders is reporting this week that U.S. home builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September 2017.

Hurricane Harvey's impact on Houston's commercial real estate market was significant. . Houston's commercial real estate market is resilient after weathering Hurricane Harvey and the largest rainfall the area has recorded in decades.

The National Association of Home Builders chairman Granger MacDonald, issued a statement in the wake of Hurricane Harvey.

52 percent of residential and commercial properties in the Houston metro are at "High" or "Moderate" risk of flooding, but are not in a Special Flood Hazard Area (SFHA) as identified by the Federal Emergency Management Agency (FEMA).

Over 232,721 homes along the Texas coast with a reconstruction cost value (RCV) of approximately $39.6 billion are at potential risk of hurricane-driven storm surge damage from Hurricane Harvey.

According to global property advisor CBRE, increased investor demand from both international and domestic buyers contributed to further capitalization rate compression in the U.S. industrial real estate sector over the first half of 2017.

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 July 2017 fell 9.4 percent to a seasonally adjusted annual rate of 571,000 units from an upwardly revised June 2017 reading.

According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts fell 4.8 percent in July to a seasonally adjusted annual rate of 1.16 million units.

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week, rising U.S. home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017.

According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate dropped in mid-July, after two straight weeks of increases.

Substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new record-high

According to new consumer spending analysis from the National Association of Home Builders, newly minted homeowners are helping drive a healthy U.S. economy. In their first year of ownership.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. dropped to a new 2017 low in late June.

Commercial and multifamily mortgage originations in the U.S. will be down slightly in 2017, ending the year at $478 billion, a decrease of 3 percent from the 2016 volumes.

According to CBRE Research's latest annual Global Prime Office Occupancy Costs report, Hong Kong (Central) and London's West End topped the list of prime office occupancy costs again.

Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.

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.


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