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Property Investors to Buy More Senior Housing in 2019

Property Investors to Buy More Senior Housing in 2019

According to the recently released CBRE U.S. Seniors Housing & Care Investor Survey, the appetite for senior housing acquisitions in the U.S. remains strong, with nearly two-thirds of investors planning to increase the size of their portfolios over the next 12 months. Read More »


Mortgage Rates Continue to Rise in U.S., Third Straight Week

Mortgage Rates Continue to Rise in U.S., Third Straight Week

According to Freddie Mac latest Primary Mortgage Market Survey for the first week of September 2018, U.S. mortgage rates jumped over the past week to a level not seen in over a month. Read More »

Home Mortgage Originations in U.S. Down to a 4-Year Low in Q2

Home Mortgage Originations in U.S. Down to a 4-Year Low in Q2

More than 1.5 million (1,527,433) loans secured by residential property were originated in Q2 2018, down 16 percent from the previous quarter. Read More »

Mortgage Burden at Historic Levels in 10 Largest U.S. Markets

Mortgage Burden at Historic Levels in 10 Largest U.S. Markets

According to new U.S. housing market research by Zillow, the combination of rising home prices and interest rates creates a doubly challenging environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden. Read More »


Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated September 17, 2018 8:30 AM ET

Phoenix Property News

According to the U.S. Department of Housing and Urban Development and the Commerce Department, total housing starts inched up 0.9 percent in July 2018 to a seasonally adjusted annual rate of 1.17 million units.

According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability increased in June 2018. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, U.S. sales of newly built, single-family homes edged down 1.5 percent in April 2018 to a seasonally adjusted annual rate of 662,000 units after a downwardly revised March 2018 report.

U.S. commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017.

Over 64 million Americans live in multigenerational households, which is based on a report by the Pew Research Center, Washington, D.C.

According to Zillow, U.S. home values have been appreciating more per working hour than local minimum wage pays in about half of the nation's 50 largest cities.

Sales of newly built, single-family homes remained virtually unchanged, inching down 0.6 percent in February to a seasonally adjusted annual rate of 618,000 units after upward revisions to the January, December and November reports.

Median home prices in U.S. zip codes in the highest 20 percent for environmental hazard risk appreciated at a faster pace than the overall U.S housing market over the past year.

Pending home sales cooled considerably in January to their lowest level in over three years. All major regions experienced monthly and annual declines in contract signings last month.

U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.

Mortgage applications for new home purchases in the U.S. increased 16.1 percent compared to October 2016.

According to the National Association of Realtors, U.S. pending home sales were unchanged in September, 2017 but activity declined on an annual basis both nationally and in all major regions.

Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.

Mortgage Bankers Association Builder Applications Survey data for September 2017 shows mortgage applications for new home purchases in the U.S. decreased 7.5 percent.

A dip of 5.0 percent was recorded from its all-time high of 130 in June 2017 to 124 in July 2017. Still, the Demand Index was up 29.7 percent year over year. The Demand Index is adjusted for Redfin's market share growth.

According to Zillow, nearly one in 20 residential ZIP codes in the U.S. meets the definition of a $1 Million Neighborhood, meaning at least 10 percent of the homes there are worth seven figures or more.


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