World News
U.S. Home Sales Slide to Pre-Pandemic Levels in April
According to the National Association of Realtors, existing-home sales recorded a third straight month of declines, slipping slightly in April 2022.
Economic Headwinds, Rising Rates Stall Single Family Housing Starts in the U.S.
According to the National Association of Home Builders, the single-family housing market continued to show signs of slowing in April 2022 as rising mortgage rates and ongoing supply chain disruptions continue to raise housing costs and take a toll on the housing market.
Self Storage Sector Continues to Enjoy Rapid Growth in 2022
Yardi Matrix is reporting this week the U.S. self-storage industry is continuing its march forward as both rent performance and demand keep building up in 2022.
U.S. Builder Confidence Implodes on Rising Interest Rates, Inflation Woes
The National Association of Home Builders is reporting this week that U.S. builder confidence took a steep drop in May 2022 as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases for material costs and ongoing home price appreciation are taking a toll on buyer demand.
Mortgage Applications Dip in Mid-May
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 13, 2022. U.S. mortgage applications decreased 11.0 percent from one week earlier.
