ano - Appraiser News Online

Jan 19, 2022

Smaller Beats Bigger in Small-cap CRE Space: Data

Smaller markets outperformed larger ones in the small-cap commercial real estate space, with price growth in smaller markets up 13.2% for the year compared with 12.3% price growth in larger markets, according to Boxwood Means, MBA NewsLink reported Jan. 12. Top secondary market include Wilmington, Delaware; Hartford, Connecticut; and Springfield, Massachusetts.

Jan 19, 2022

Industrial, Commercial Construction Planning Sees Highest Annual Gain Since ’05: Dodge

Planning for commercial and industrial buildings increased 23% in 2021, the strongest annual gain since 2005 despite persistent risks of COVID-19, Dodge Data & Analytics reported Jan. 10 in its Momentum Index. While the Index fell 3% in December, 21 projects with a value of $100 million or more entered planning, which indicates strong construction activity.

Jan 19, 2022

Commercial Lending Activity on the Rise, Housing Strong: Fed Beige Book

Lending activity rose slightly in December in many Fed districts, with commercial real estate borrowers leading the way, the Federal Reserve reported Jan. 12 in its latest Beige Book. On the residential side, housing demand remained strong across most Fed districts.

Jan 19, 2022

Median Home Sales Price Starts Year at a Record High, According to Redfin

The median home sales price jumped 16% year-over-year to a record high of $365,000 for the week ending Jan. 9, due to low supply and strong demand, Redfin reported Jan. 13. New listings of homes for sale were down 11% from a year earlier, and active listings were down 28% to an all-time low of 461,000.

Jan 19, 2022

Mortgage Rates Rise Quickly During Second Week of January: Freddie Mac

Mortgage rates jumped across all mortgage loan types during the past week, with 30-year rates up by almost a quarter of a percent, Freddie Mac reported Jan. 13 in its Primary Mortgage Market Survey. The increases were mostly the result of tightened monetary policy in light of continued inflation.

Jan 19, 2022

Salt Lake City Suburb Top Market for New Homebuyers: Report

Magna, Utah, just outside of Salt Lake City, topped the list of best housing markets for first-time homebuyers, Realtor.com reported Jan. 10. The report considered the share of millennials in a market, the number of active real estate listings and overall affordability. Chalco, Nebraska, and Mauldin, South Carolina, rounded out the top three on the list.

Jan 19, 2022

Inflation at 40-year High, Rates Could Rise: Labor Report

Consumer prices increased 0.5% in December causing inflation to reach its highest level in nearly four decades and creating an expectation that the Federal Reserve will raise interest rates as soon as March, according to a Labor Department report released Jan. 12, Reuters reported. Rents showed some of the largest increases, up 0.4% for the month and 4.1% for the year.

Jan 19, 2022

CRE Price Growth Up Last Year; 2022 Could See Double-digit Increases, Index Shows

Commercial property prices increased 24% in 2021, with significant price increases in nearly every sector, and especially strong showings in the multifamily and industrial sectors, according to the Green Street commercial property price index, MBA NewsLink reported Jan. 11. Property price growth for 2022 is not expected to match last year’s but could still achieve double-digit increases.

Jan 19, 2022

Student Housing Resilient; 2022 Looks Promising: Report

The student housing sector remains resilient despite COVID-19, showing positive rent growth for the fall 2021 semester and encouraging pre-leasing figures for the 2022 fall semester, according to the newest Yardi Matrix National Student Housing Report, MBA NewsLink reported Jan. 11. In December, the average rent per bedroom for the top 200 universities was up 2.2% from the previous year.

Jan 19, 2022

Consumers Says Now is a Good Time to Sell a Home, Bad Time to Buy One: Fannie Mae

Seventy-six percent of consumers said they believe it’s a good time to sell a home, but only 26% said it’s the right time to buy one, Fannie Mae reported Jan. 7 in its latest Home Purchase Sentiment Index. At this point last year, 52% favored selling, while 50% wanted to buy. The shift may foretell a softening of the housing market.