Choose your path
Net lease cap rates are expected to increase this year anywhere from 25 basis points to 50 or more, according to respondents who participated in a survey conducted by commercial real estate firm The Boulder Group, GlobeSt.com reported Jan. 3.
Investors expect the transaction volume for apartment properties will remain elevated this year, and match or exceed the $12.5 billion in sales recorded last year, according to real estate services firm Marcus & Millichap, National Real Estate Investor reported Jan 2.
Fixed mortgage rates dropped during the first week of the year, starting 2018 at a lower point than where rates started last year, Freddie Mac reported Jan. 4 in its weekly Primary Mortgage Market Survey. Treasury yields also fell during the week.
The pace of home sales is expected to slow early this year, and a lack of inventory should continue to plague the market, according to experts who voiced their yearly housing market predictions, Forbes reported Jan. 3. Other predictions: price growth will slow and more millennials will become buyers.
The Appraisal Institute on Jan. 10 announced the recognition of four individuals as a “Volunteer of Distinction” for the fourth quarter 2017.
The Appraisal Institute regrets the passing of the following Designated Member, as reported to Appraiser News Online in December.
The Federal Housing Finance Agency allowed the government-sponsored enterprises to each retain $3 billion in capital, a policy change agreed to in late December that enables Fannie Mae and Freddie Mac to maintain reserves for the first time since 2008, HousingWire reported Dec. 29.
Seventy-eight percent of commercial/multifamily firms expect originations to increase this year, and approximately half reportedly are planning to increase originations by at least five percent, according to the Mortgage Bankers Association’s 2018 CREF Outlook Survey released Jan. 4.
The nation’s rental population decreased in 2017 — the first drop since 2004, according to the Annual Rent Report from apartment listing service Abodo, HousingWire reported Jan 3. However, the number of renters still outpaces that of owners, and rents continue to rise.
Las Vegas is expected to be the hottest housing market this year, with increasing home sales and rising but still relatively affordable prices, according to predictions from Realtor.com, HousingWire reported Jan. 3. Other expected hot spots: Dallas and Deltona, Florida.
Pop up content here.