2020 tenant expansion outpaced last year's total after a fourth-quarter surge in demand by companies seeking additional warehouse and distribution space to improve supply-chain efficiencies.
Existing U.S. home sales rose in December, with total home sales in 2020 reaching their highest level since 2006. Activity in the major regions was mixed on a month-over-month basis, but each of the four areas recorded double-digit year-over-year growth in December.
Despite ongoing Coronavirus lockdowns for months in California, home sales remained high in November 2020, breaking the 500,000 sales benchmark for the first time since January 2009. This is the highest sales level in 15 years, says the California Association of Realtors.
According to Zillow, although the typical value of a home in the United States is about $263,000, the number of "million-dollar cities" spiked sharply in 2020.
The Mortgage Bankers Association's latest Forbearance and Call Volume Survey is reporting this week that the total number of U.S. loans now in forbearance decreased from 5.53% of servicers' portfolio volume in the prior week to 5.46% as of January 3, 2021.
Posted on December 21, 2020
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Posted on November 25, 2020