According to the Mortgage Bankers Association's annual report of the U.S. multifamily lending market, favorable market conditions helped spur a 19 percent increase in multifamily lending in 2018 to a new high in dollar volume.
Pending home sales increased in August 2019, a welcome rebound after a prior month of declines. Each of the four major regions reported both month-over-month growth and year-over-year gains in contract activity.
The combined office vacancy rate of Hong Kong's traditional business districts, which includes Central, Wanchai/Causeway Bay and Tsimshatsui, rose above 3% for the first time in 5 years in August 2019.
The 30-year fixed-rate mortgage in the U.S. averaged 3.64 percent. September 2019 has been the most volatile month since March, in terms of the 30-year fixed-rate mortgage, averaging a weekly movement of 11 basis points.
According to global real estate consultant CBRE, there were 1,531 small U.S. property acquisitions in H1 2019, representing 36.7% of all multifamily asset purchases and revealing the scope of small asset buying.
Sales of newly built, single-family homes increased 7.1 percent to a seasonally adjusted annual rate of 713,000 units in August 2019 off a revised upward reading in July 2019. On a year-to-date basis, new home sales for 2019 are 6.4 percent higher than the same period in 2018.
U.S. Environmental Protection Agency Administrator and Department of the Army for Civil Works are repealing a 2015 rule that impermissibly expanded the definition of "waters of the United States" (WOTUS) under the Clean Water Act.
Finishing school, joining the workforce and moving out on your own is a rite of passage for many young people. Today's young adults are taking longer to make this transition.
According to the new Future Gazing: Logistics - The Last Mile Report by global property adviser Knight Frank, optimal locations for 'last mile' logistics space is now being driven by not just where online shoppers live and work but also the increasing complexity of delivery models.
According to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report, commercial and multifamily mortgage delinquencies in the U.S. remained low in the second quarter of 2019.
According to Daft.ie, Ireland housing prices in the third quarter of 2019 were just 0.1% higher than a year previously, effectively marking the end of six years of rising housing prices.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.73 percent. This week's 30-year fixed mortgage rate increase is the largest week-to-week uptick since October 2018.
According to Zillow's August Real Estate Market Report, home value growth returned to a steady pace in August 2019 after a slowdown in the first half of the year. Quarter-over-quarter growth reached an annualized rate of 3.4%, up from 0.4% in May.
According to the National Association of Realtors, U.S. existing-home sales inched up in August 2019, marking two consecutive months of growth. Three of the four major regions reported a rise in sales, while the West recorded a decline last month.
According to ATTOM Data Solutions newly released Q2 2019 U.S. Home Flipping Report, 59,876 U.S. single family homes and condos were flipped in the second quarter of 2019, up 12.4 percent from the previous quarter, but down 5.2 percent from a year ago.
Led by a surge in multifamily production, total housing starts rose 12.3 percent in August 2019 to a seasonally adjusted annual rate of 1.36 million units from an upwardly revised reading in July 2019. This is the highest level since May 2007.
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According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released this week, U.S. builder confidence in the market for newly-built single-family homes rose one point to 68 in September 2019 from an upwardly revised August 2019 reading of 67.
Life insurance companies have an appetite to increase their multifamily lending volumes by approximately $10 billion in 2020.
UK house prices remained flat in August 2019 to leave nationwide annual growth at 0.6%. Savills now expects average house price growth to be flat in 2019, down from the prediction of 1.5% growth predicted last November 2018.