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For the first time in seven years, global investors in U.S. office buildings and retail space sold more than they bought, according to a Real Capital Analytics report that identified the trend as a “yellow warning sign,” CNN reported Aug. 29. Acquisitions totaled $21.3 billion during the first half of the year, down more than 40% from a year ago.
Investors are finding opportunity in the retail sector while underwriters have a renewed confidence in its long-term outlook as retailers find ways to better integrate brick-and-mortar stores with online capabilities, according to the Retail Outlook report from commercial real estate firm Marcus & Millichap, MBA NewsLink reported Aug. 29.
Within qualified opportunity zones (geographic areas in which private investment is encouraged in exchange for certain tax breaks), more than three-fourths of homes had median prices below the national average of $266,000 during the second quarter, and half had median prices below $150,000, analytics firm ATTOM Data Solutions reported Aug. 27.
Home price gains fell in June to their lowest point in nearly seven years, according to the Case-Shiller Home Price Index released Aug. 27, HousingWire reported. Of those cities bucking the downward trend, Phoenix; Las Vegas; and Tampa, Florida, saw the biggest home price gains for the month.
To enhance the online user experience, the Appraisal Institute will launch changes Oct. 1 to the My Account section of its website. AI professionals, customers and staff will find many services unavailable Sept. 26-30.
The Appraisal Institute regrets the passing of the following Designated Members, as reported to Appraiser News Online in August.
Economists predict that the U.S. will experience a recession within the next two years, but Americans shouldn’t fear a real estate “fire sale” because the next downturn is expected to be short and have limited impact on the market, according to a Realtor.com report released Aug. 26.
The small-cap commercial real estate sector has flattened and appears vulnerable, according to analytics firm Boxwood Means, MBA NewsLink reported Aug. 29. Small-cap net absorption during the second quarter for the office, industrial and retail sectors was 9.8 million square feet, up from 4.9 million square feet during the first quarter, but down 66.4% year-over-year.
National Real Estate Investor’s sixth annual senior housing survey released Aug. 29 showed that the sector is thriving, with 72% of respondents saying they anticipate an increase in occupancies over the next year and 45% saying they expect an increase in senior housing starts. Additionally, 78% said they anticipate rent increases in 2020.
Boise, Idaho, and Frisco, Texas, are the nation’s best markets for homebuyers, according to a market analysis released Aug. 27 by credit firm WalletHub. The analysis tracked 23 indicators of housing-market attractiveness and economic strength in 300 cities. Other top markets are Overland Park, Kansas, and Cary, North Carolina.
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