On the heels of yesterday's decision by the Federal Reserve to raise short-term interest rates by 25-basis points, yet while expected, many in the real estate industry around the world still took notice.
The NAHB is reporting this week that U.S. home builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
According to the Mortgage Bankers Association's latest Builder Application Survey, U.S. mortgage applications for new home purchases increased 2.2 percent compared to February 2016.
Last Friday's U.S. jobs report drew quick reaction from the real estate industry. The National Association of Realtors Chief Economist Lawrence Yun made the following comments on U.S. Bureau of Labor Statistics' February 2017 jobs report:
The prospect of increased U.S. economic growth combined with less regulation, means that investor sentiment for commercial real estate investment is marginally more positive than last year.
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 3, 2017, mortgage applications increased 3.3 percent from one week earlier.
An improving U.S. economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of purchases.
According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 24, 2017, U.S. mortgage applications increased 5.8 percent from one week earlier.
The average 30-year fixed mortgage rate in the U.S. changed by two basis points for the fourth consecutive week.
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.
The delinquency rate for mortgage loans on one-to-four-unit U.S. residential properties increased to a seasonally adjusted rate of 4.80 percent of all loans outstanding at the end of the fourth quarter of 2016.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate stayed within a two basis point range for the third straight week.
A brisk fourth quarter sales pace pushed available U.S. housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016.
According to the Mortgage Bankers Association's Mortgage Credit Availability Index, U.S. mortgage credit availability increased in January 2017.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year mortgage rate held steady after rising last week. The 10-year Treasury yield fell 5 basis points this week following a tepid advance estimate of fourth-quarter GDP.
Global real estate consultant CBRE expects Tokyo Grade A office rents to peak in Q3 2017 before entering a period of gradual correction.
The National Association of Realtors Chief Economist Lawrence Yun issued the following statement in reaction to this past Friday's U.S. Department of Commerce report on Gross Domestic Product (GDP) in the fourth quarter of 2016: