New Zillow research this week is showing that a s home-buying demand cools from the record pace of 2021, competition is now hottest for the lowest-priced homes as mounting affordability obstacles stretch buyers' budgets.
U.S. homebuilder confidence fell for the eighth straight month in August 2022, as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges.
Based on new research from CBRE, the pace of commercial real estate lending activity eased in the second quarter of 2022 amid heightened market volatility from rising inflation and interest rates.
According to the National Association of Home Builders, rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to U.S. housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.
According to global property consultant CBRE, Sydney is leading the national CBD retail recovery, with the city's vacancy rate declining in the first half of the year as the return to the office gathers pace.