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Results: 168 Articles found.
Sep 14, 2022 08:30 AM

Home Sales Worse than Expected: Goldman Sachs

Sales of new and existing homes dropped more than previously reported, down almost 30% from their October 2020 high — and the downward trend likely will continue, according to a report published Sept. 1 by Goldman Sachs, The Hill reported. The report cited reduced affordability, diminished pandemic tailwinds and a drop in purchase plans as primary factors for the decline.

Sep 14, 2022 08:30 AM

Office Market Likely Changed Forever: MBA White Paper

Labor market conditions will play a big role in the demand for office space and how that space is used and valued, the Mortgage Bankers Association reported Sept. 8 in its white paper, “A Framework for Considering Office Demand in a Post-pandemic World.” The white paper presents lease demand and valuation scenarios for two office-use models: a hybrid work schedule and a greater return to the office.​

Sep 07, 2022 08:30 AM

Office Sector Down, Not Out as Firms Seek Changes, Short Leases: Cushman & Wakefield

While the office sector has experienced negative absorption for eight of the past nine quarters, there are some bright spots, especially the life sciences sector, according to the Office MarketBeat report from Cushman & Wakefield, MBA NewsLink reported Aug. 30. The report also revealed that many firms anticipate making “significant changes” to their office space and will seek shorter leases.

Sep 07, 2022 08:30 AM

Construction Costs to See Largest Gain in 15 Years: CBRE

Construction costs are expected to end the year 14.1% higher due to labor shortages, inflation, supply chain disruptions and other ongoing pressures, according to CBRE’s U.S. Construction Cost Trends report, MBA NewsLink reported Aug. 30. The projections outpace the historical average increase of 2-4% per year, and is the largest since CBRE began projecting costs in 2007. 

Sep 07, 2022 08:30 AM

CRE Expected to Avoid Worst Case Scenario: Trepp Survey

Commercial real estate and the broader financial markets are expected to encounter adverse market conditions but avoid a worst-case scenario, according to the Trepp 2022 CRE Sentiment Survey, reported Aug. 31. An increase in CRE and CMBS delinquencies is anticipated during the next six months, as is a drop in net effective rents, with the office sector seeing the biggest fall.

Aug 31, 2022 08:30 AM

Economic Concerns, Housing Shortage Stressing Low-income Households: ULI

Economic uncertainty, increasing inflation and lower housing production are putting millions in the U.S. at risk of not being able to afford a home, the Urban Land Institute’s Terwilliger Center for Housing reported Aug. 17 in its 2022 Home Attainability Index. The data also revealed that in most regions of the country, few housing units are affordable to low-wage workers.

Aug 31, 2022 08:30 AM

Housing Activity to Drop Through 2023: Fannie Mae

Home sales are expected to decline 16.2% this year, and mortgage originations are projected to total $2.47 trillion for 2022 — down from $4.47 trillion last year — and then drop to $2.29 trillion in 2023, Fannie Mae’s Economic and Strategic Research Group reported Aug. 22. The downgraded forecast is based on both outsized home prices and rapidly expanding mortgage rates.

Aug 31, 2022 08:30 AM

FHFA to Create Committee on Affordable, Equitable Housing

The Federal Housing Finance Agency announced Aug. 23 its intent to create a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing that will provide advice on regulatory and policy changes. The committee also will provide input on barriers to access to housing.

Aug 24, 2022 08:30 AM

Cap Rates Equalizing Nationwide: Moody’s Analytics

Cap rates in major U.S. markets are becoming increasingly similar, even in cities such as New York and San Francisco, which usually trail other major metros, according to Moody’s Analytics, reported Aug. 16. The average cap rate spread for Dallas; Atlanta; Austin, Texas; Nashville, Tennessee; and Miami have narrowed to less than 100 basis points.

Aug 24, 2022 08:30 AM

Both Sales, Prices of Existing Homes Drop in July: NAR

Sales of existing homes fell for the sixth consecutive month in July, down 5.9% from June and 20.2% from the same point a year ago, the National Association of Realtors reported Aug. 18. Median sales prices were 5.9% higher than one year ago, but $10,000 lower than the record high of $413,800 in June. ​

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