The National Association of Realtors is reporting that U.S. pending home sales in July 2020 achieved another month of positive contract activity, marking three consecutive months of growth.
The typical home that sold in the four weeks ending August 16 was 3.7% larger (1,772 square feet) than the typical home that sold a year earlier.
The North American data center sector was resilient in the first half of 2020 as many businesses implemented hybrid IT infrastructure to improve their remote work capabilities.
Redfin is reporting this week that a quarter (24.5%) of San Francisco-area home sellers cut their list prices during the four weeks ending August 2020, the highest share since at least 2015.
ATTOM Data Solutions third-quarter 2020 Vacant Property and Zombie Foreclosure Report is showing that 1.5 million (1,570,265) residential properties in the United States are vacant, representing 1.6 percent of all homes.
In a sign that the housing market continues to lead the economy during the coronavirus outbreak, sales of newly built, single-family homes rose to its highest pace since 2006, up 13.9 percent to a seasonally adjusted annual rate of 901,000 units in July 2020.
Single-family and multifamily homes along the Texas and Louisiana coasts with a reconstruction cost value (RCV) of approximately $88.63 billion are at potential risk of storm surge damage from Hurricane Laura based on its projected Category 3 status at landfall.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending August 21st, U.S. mortgage applications decreased 6.5 percent from one week earlier.
Office building owners provided more free rent and larger tenant-improvement allowances in the second quarter to secure new office leases and renewals amid a general slowdown in leasing activity.
According to Redfin, the median sale price for homes in rural areas nationwide increased 11.3% year over year in the four weeks ending August 2; it rose 9.2% in suburban areas.
Existing-home sales continued on a strong, upward trajectory in July 2020, marking two consecutive months of significant sales gains. Each of the four major regions attained double-digit, month-over-month increases.
According to a new report from the American Institute of Architects (AIA), architectural billings nationwide failed to show any progress during July 2020, and business conditions continued to be soft at firms.
Employers and workers are embracing the freedom of where to live and work; and if that trend holds, a shift in real estate demand will occur on a global scale.
According to the latest Multifamily Market Survey (MMS) released this week by the National Association of Home Builders (NAHB), confidence in the market for new multifamily housing increased in the second quarter, however, it still remains in negative territory.
According to a new report from Redfin, the median sale price for luxury homes in the U.S. rose 1.2% year over year to $825,000 during the three months ending July 31, 2020.
According to the U.S. Housing and Urban Development and Commerce Department, in a further sign that housing continues to boost the economy, single-family and multifamily starts each posted solid gains in July 2020.
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Foreign property buyers purchased $74 billion worth of U.S. existing homes from April 2019 through March 2020, a 5% decrease from the previous 12-month period and the second consecutive annual decline in foreign investment in U.S. residential real estate.
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.22 percent of all loans outstanding at the end of the second quarter of 2020.
Ballesteros, Jazayri, and Sanchez searched throughout the Midwest market for class C apartments that would have a high return and purchased Forest Creek and Sharon Wood.