U.S. restaurant industry and the retail real estate it occupies are being reshaped by fundamental industry shifts including the rapid growth of third-party, meal-delivery services, increasing adoption of in-store automation, and the ongoing proliferation of fast-casual concepts.
The housing market continues to steadily gain momentum with rising homebuyer demand and increased construction due to the strong job market, ebullient market sentiment and low mortgage rates
According to the National Association of Realtors, existing-home sales rose in October 2019. The four major U.S. regions were split last month, with the Midwest and the South seeing growth, and the Northeast and the West both reporting a drop in sales.
According to Redfin, new-home sales prices in the U.S. dropped 1.5 percent year over year to a median of $370,300 in the third quarter. This marks the biggest decline since at least 2012 and the third consecutive quarter of declines.
Central Florida's housing market in October 2019 recorded a 6% year-over-year increase in median price and a small 1% decrease in sales. The inventory of homes available for purchase appears to be back on a declining trend.
The delinquency rate for mortgage loans on one-to-four unit residential properties decreased to a seasonally adjusted rate of 3.97 percent of all loans outstanding at the end of the third quarter of 2019.
According to new data from the Miami Association of Realtors, Palm Beach County total home sales, median prices, dollar volume and luxury transactions increased year-over-year in September 2019. Palm Beach County total home sales increased 3.1% year-over-year, from 2,261 to 2,332.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged 3.78 percent in late October 2019. Purchase activity continues to show strength, indicating obvious homebuyer demand.
Florida's housing market reported more closed sales, higher median prices and increased pending inventory compared to a year ago. Sales of single-family homes statewide totaled 23,510 last month, up 11.5% from September 2018.
According to the National Association of Realtors, existing-home sales receded in September 2019 following two consecutive months of increases. Each of the four major regions witnessed sales drop off last month, with the Midwest absorbing the brunt of those declines.
According to real estate data provider Yardi Matrix, regionally across the U.S., the areas of growth were relatively distinct. Urban areas in the Pacific Northwest grew by nearly 32%, adding a total 112 properties and 19.8 million square feet.
According to Yardi Matrix, as part of a seasonal respite, the national average residential rent in the U.S. decreased for the first time since February 2017, dipping by -0.1% ($1) from last month to $1,471.
Orlando's housing market recorded year-over-year increases in both sales (7%) and median price (5%) in September 2019. The inventory of home available for purchase, however, saw a second consecutive decline after nine months of positive postings.
According to a new report by the American Public Transportation Association and the National Association of Realtors, neighborhoods located within a half mile of public transit services outperformed those in areas farther from public transit based on a number of factors.
According to CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, shows a national rent increase of 3% in August 2019.
According to the National Association of Realtors' newly released 2019 U.S. Vacation Home Counties Report, increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes.
U.S. homeowners who decide to undergo a home improvement project, whether it be interior or exterior modifications, often find that the task was worth the investment and time.