09/05/2022
Statewide average price per square foot eclipses $400 for the first time
According to the California Association of Realtors, housing demand in California remained strong in March 2022 as the effects of rising interest rates have yet to be borne out while the statewide median home price sets another record high, primarily due to a surge in sales of higher-priced homes.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 426,970 in March, according to...
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17/03/2022
According to Turks & Caicos Sotheby's International Realty's End of Year 2021 Report, the islands saw a record-breaking 158.5% increase in annual sales compared to 2020. The islands also reported that single-family homes accounted for 49% of the total TCI real estate market last year and experienced price increases of 30%, with over 38 homes closing for more than $3 million.
Developers are responding to this increased demand with projects that go beyond traditional single-family homes, which have historically reigned su...
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11/01/2022
Las Vegas Realtors are reporting this week that 2021 was a record year for sales of existing homes in Southern Nevada, with more than 50,000 properties changing hands despite rapidly rising prices and a tight housing supply.
LVR reported that the median price of existing single-family homes sold in Southern Nevada during December was $425,000. The median home price is up 23.2% from $345,000 one year ago. That tops the record high set in November 2021.
The median price of local condos and townhomes sold in December was $24...
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02/12/2021
According to JLL's Asia Pacific Fit-Out Cost Guide 2021/2022, Hong Kong's average cost of designing and building office workspaces has rebounded 9% year-on-year and is now back to the level prior to onset of the Covid-19 pandemic.
The city's average office fit-out cost rebounded to $120 per square foot (HKD 935) this year after it dropped about 8% in 2020. Hong Kong has experienced relative economic and political stability over the past year and the pandemic is contained, which has led to increased confidence, incr...
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30/09/2021
Driven by Ongoing Covid Pandemic in 2021
International property consultant Knight Frank is predicting the end of the stamp duty taper next week will bookend an extraordinary period for the UK property market and usher in a return to normality.
However, while the direction of travel suggests seasonal patterns will re-establish themselves after a white-knuckle ride that reached its peak ahead of the 30 June stamp duty deadline this summer, demand remains high and supply stubbornly tight suggesting a gradual process of norma...
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26/04/2021
The performance of the hospitality industry is expected to accelerate in the second half of 2021
Global real estate consultant CBRE reports this week the continued rollout of COVID-19 vaccinations and additional stimulus funds in the United States have strengthened the foundations for the recovery of the accommodation industry in the United States.
According to the February 2021 edition of Hotel Horizons, CBRE Hotels Research forecasts a national average occupancy rate of 43.0% in the first half of 2021, with an accelerat...
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08/03/2021
Symbolizing an uneven financial recovery in the United States
National real estate broker Redfin says mortgage applications for second homes in the United States climbed 84% year over year in January 2021. Although this is a drop from a peak increase of 118% year over year in September 2020, this is up significantly from a year ago and marks the eighth consecutive month of growth of 80% and more year over year.
The annual increase in second home applications is more than double the increase in primary residence...
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19/01/2021
Despite lockdowns and persistent threats of a prolongation of the Covid-19 epidemic, the dreaded collapse has not happened for residential real estate. Sales of second-hand homes fell only 2.7% in France over one year, posting 980,000 transactions on an annual basis. On average, real estate prices increased by 2.1% nationally in 2020. Caution is required for the start of 2021, however. The health crisis is prolonged, with a more restrictive curfew and a persistent risk of containment in the event of worsening of the epidemic monitoring indic...
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16/11/2020
Based on new data from Zillow, the impacts of the coronavirus pandemic have spilled over to traditional vacation destinations in the United States, which are attracting increased interest from homebuyers as priorities and preferences shift. are transforming the place and the way people want to live.
Pageviews on Zillow of ads for sale up almost 50% from a year ago in metropolitan areas generally considered vacation destinations, defined as subways with at least 65,000 people and five times more of vacation homes than the United Sta...
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02/11/2020
Pending home sales experienced a minor decline in September after four consecutive months of contract activity growth, according to the National Association of Realtors. While all four major U.S. regions recorded notable year-over-year increases, only the Northeast achieved month-over-month gains in pending home sales transactions.
Lawrence Yun
The Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, fell 2.2% to 130.0 in September 2020. Year-over-year, contract signings rose 20....
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09/10/2020
According to new data by JLL Research, India's office market witnessed a net absorption of 5.4 million sq. ft in quarter ending September 2020 (Q3), an increase of 64% versus quarter ending June 2020 (Q2). This is an encouraging trend especially after net absorption dipped almost at a similar rate in the second quarter.
The third quarter office rebound growth was led by Bengaluru and Hyderabad, which together accounted for nearly 80% of the net absorption in Q3 2020. The heightened activity in Bengaluru indicates a gradual...
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14/09/2020
The coronavirus has dealt an unprecedented blow to Manhattan's real estate market in recent history, and the prospects for a near-term recovery remain uncertain. The number of apartment contracts signed in June, the latest indicator of buyers' appetite, fell 76% from the same period last year.
City-wide residential transactions declined 43% year over year, from 11,413 to 6,534 sales, as all five boroughs recorded a decrease in the number of transactions. The average New York home selling price in the second quarter of ...
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17/08/2020
In recent weeks, just as the deconfinement phases continue to progress in Europe and the United States, we have witnessed the recovery - even though still incomplete - in economic activity to the publication of several encouraging macroeconomic indicators. These indicators sometimes even go beyond analysts' expectations and support - in stages - a positive sentiment in the stock markets in particular, and the idea of a resumption of economic growth in a "V" shape.
CBRE reports that at the end of July 2020, the number ...
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30/07/2020
The Covid-19 crisis has caused unemployment to explode and millions of people can no longer pay their rent.
Unemployment in the United States is out of control. Companies that have had to close because of the risks associated with the Covid-19 epidemic have laid off or put on short-time work millions of Americans.
The federal government has so far saved the day by passing the CARES Act, which guarantees weekly checks of $ 600 [512 euros] to anyone receiving unemployment benefits, and imposes a moratorium on evictions....
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27/07/2020
According to Freddie Mac's latest survey of the primary mortgage market, the 30-year fixed-rate mortgage in the United States averaged 3.01% as of mid-July 2020.
“While housing demand continues to rebound, the month-long swoon in economic activity has caused the 10-year Treasury benchmark to drop. In the short-term, this means the demand will continue on the back of near record low mortgage rates,” said Sam Khater, Freddie Mac’s Chief Economist. “However, the most recent consumer spending data has been p...
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05/06/2020
The U.S. real estate market is emerging from its spring nadir brought on by the coronavirus pandemic, as prices rise and inventory slowly rebounds, according to realtor.com’s monthly housing trends report released Thursday.
Amid decreasing inventory and miniscule price growth, the overall housing market reached a low point in mid-April, the report said, only to see the median listing price surge to a record of $330,000 in May. Year-over-year that marked a 1.6% increase.
“May’s home price data demons...
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19/05/2020
"The Miami real estate market continued its solid expansion in the first quarter of 2020," said MIAMI Chairman Jorge L. Guerra Jr. "The solid fundamentals of the South Florida real estate market in first quarter are already minimizing the impact of COVID-19 on sales activity and demand. We are seeing a new upward trend in sales, pending contracts and registrations and we expect pent-up demand. "Insufficient demand and supply, particularly in certain price ranges and neighborhoods, will continue to generate price appreciat...
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27/04/2020
More than 3.4 million American mortgage borrowers are now in forbearance—essentially hitting the pause button on their monthly payments for the foreseeable future.
According to the latest data from financial data firm Black Knight, that’s up from 2.9 million one week ago. In total, 6.4% of all U.S. mortgage loans are now in forbearance.
FHA and VA loans have seen the biggest surge in forbearance volume. Currently, almost 9% of these loans are in forbearance, while just 5.6% of mortgages backed by Fannie ...
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19/03/2020
The coronavirus has now affected all aspects of daily life, raising fears both of economic instability and of the outside world in general. It was a particularly difficult and uncertain time for real estate, with the current pandemic reshaping high-level market forces as well as the ground-level process for buying and selling properties.
Some open days have been canceled, others have new rules and some New Yorkers are heading to the suburbs to flee the city.
Brokers, buyers and sellers find it difficult to do business whe...
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02/03/2020
Since 2014, the real estate market has experienced a sharp decline in Dubai due to an oversupply of developers. The committee, tasked by the sheikh to establish a ten-year strategy, will include representatives from major real estate developers operating in the Emirate of Dubai. A slowing economy and an oversupply of homes are big downside risks to their already weak outlook.
The real estate crisis is at its peak in Dubai. Between increasing public spending and structural reforms, the city is trying to find solutions.
Dif...
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24/02/2020
Residential News » Tampa Edition | By David Barley | February 19, 2020.
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes edged one point lower to 74 in February 2020. The last three monthly readings mark the highest sentiment levels since December 2017.
"Steady job growth, rising wages and low interest rates are fueling demand but builders are still grappling with increasing constr...
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10/02/2020
Stand in the foyer of any luxury hotel, and you’ll feel it: the assurance that while you may not be at home, you’ve certainly arrived. The best hotels are a place to rest and to indulge, to be surprised and delighted. The same experience is available to the luxury real estate buyer who arrives at a new property for the first time. It’s not their home — at least not yet — but it could be, and so they reasonably expect to feel a connection with its character and comforts.
The agent’s job is to faci...
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09/01/2020
Despite the damage inflicted by Hurricane Dorian, investment dollars continue to flow into the Atlantic Ocean archipelago.
The luxury market — homes starting at $5 million in American or Bahamian dollars (the Bahamian dollar is kept at a one-to-one exchange rate with the American dollar) — “is where most of the growth is happening,” he said.
Sotheby’s saw transactions from $500,000 to $5 million drop “marginally from 2018 to 2019,” said Nick Damianos, the chief executive and ...
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02/12/2019
Singapore-listed Reits have forked out US$16.9 billion (S$23.1 billion) to purchase assets this year, already triple the previous peak reached in 2014.
"Reits are going to be a go-to sector for the next year as consolidation will add another reason to buy alongside yields," said Jin Rui Oh, a Singapore-based director at United First Partners. The enlarged entities would get better market value, analyst coverage and potential index inclusion, he added.
Singapore Reits will deliver 12 per cent to 15 per cent retur...
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18/11/2019
The province of Quebec, would it become the new real estate eldorado ?
Encouraged by a favorable exchange rate and much wiser prices than in the other provinces, more and more French buyers are enjoying the charms of Canadian stone.
Buy real estate in Canada to live in, install your student child or even to diversify your real estate rental. Especially the French who are more numerous to take the step in this other great country of North America. Consular authorities account for 80,900 of our nationals, a...
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31/10/2019
What makes the difference between international real estate and real estate in North America? Here are the four reasons.
1. New York dominates the ranking of the most attractive cities.
New York strengthens its position as the world's leading property investment city, with annual growth of + 20% year-on-year, ranking # 1 in Cushman & Wakefield's "Winning in Growth Cities" investment index the 8th consecutive year. It retains its second place in the ranking of the most favorable ec...
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15/10/2019
The international luxury real estate market is booming. High net worth investors are increasingly considering stone as a safe investment. London, New York, Hong Kong and Miami have the favors of the richest of the planet, unlike Paris, slightly down.
Last spring, most professionals in the Paris sector announced that the real estate market, despite a lull in the summer, would continue to see its price per square meter climb at least until 2020. The backsliding them right: in...
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24/09/2019
Luxury real estate continues to grow in New York. The height of buildings is a criterion of research among buyers.
In the last three years, taller and more luxurious skyscrapers have sprung up in New York. One Manhattan Square is a 258-meter building, 277 Fifth Avenue is 202 meters away, The Central is 245 meters away, and 130 William is 244 meters away. But it is especially the services they offer that impress the most. Thus, in One Manhattan Square, four floors are devoted to community facilities. Locals can find a spa with ...
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13/09/2019
Paris is fast becoming the big European capital of luxury real estate. Indeed, Paris is the favorite hunting ground for international customers. Manuela Baron, director of the agency Emile Garcin Immobilier - Paris Rive Gauche, testifies: "the apartments with more than 3 million euros have jumped with the English, American and Asian customers. " She cites the example, in an eighteenth century mansion, of a 250-square-meter apartment, near the Luxembourg Gardens, which sold for 6.2 million euros. The capital has taken adva...
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07/09/2019
Cities are always more competitive, fighting hard to find their place in the megacities of world rank. Offices move with them, seeking the ideal location and the most appropriate profiles. JLL has investigated and identified 10 global trends.
1. Visionary company.
Visionary companies are doing well by recording record-breaking performance rates and being armed for tomorrow.
2. Digital imperative.
Technology will be the main investment priority...
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05/09/2019
According to the latest research from CBRE, U.S. net-lease investment is outpacing the broader commercial real estate market in 2019, with increasing demand from both foreign and domestic investors for office and industrial assets.
Net-lease investment--comprising office, industrial and retail properties--climbed 17.2% year-over-year in the first half of 2019 to $33.4 billion, with total commercial real estate volume growth at 13.4% over the same period.
Net-lease investment volume in in Q2 2019 was ...
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29/08/2019
According to a special report by ATTOM Data Solutions that analyzed qualified Opportunity Zones established by the U.S. Congress in the Tax Cuts and Jobs act of 2017, found that roughly 80 percent of those zones had median home prices in the second quarter of 2019 that were below the national figure of $266,000 and that half had median prices of less than $150,000.
The report further compared Opportunity Zones to surrounding regions and found that median Q2 2019 prices in about one in four zones were less than 50 percent of th...
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27/08/2019
Based on the latest results of the National Association of Home Builders' Multifamily Market Survey, U.S. builder confidence for new multifamily housing improved in the second quarter of 2019.
The Multifamily Production Index (MPI) increased 16 points to 56 compared to the previous quarter. Meanwhile, and the Multifamily Vacancy Index (MVI) fell eight points to 40, with lower numbers indicating fewer vacancies.
The MPI is a weighted average of three key elements of the multifamily housing market: ...
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22/08/2019
Residential News » Detroit Edition | By Monsef Rachid | August 22, 2019.
According to a new report from Redfin, a typical family in the San Francisco area would need to nearly triple their annual income to comfortably purchase a median-priced home. In stark contrast, the typical family in Detroit earns more than twice as much as they'd need to afford a median-priced home.
In San Francisco, ranked least affordable, the median household inco...
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16/08/2019
Residential News » Santa Barbara Edition | By Michael Gerrity | August 16, 2019.
Median home price in California hits $608,660 in Q2
According to the California Association of Realtors, higher home prices negated low interest rates and further reduced Californians' ability to purchase a home in the second quarter of 2019.
The percentage of home buyers who could afford to purchase ...
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12/08/2019
Residential News » Miami Beach Edition | By Michael Gerrity | August 12, 2019.
According to the Miami Association of Realtors, Miami-Dade County existing home sales and median sale prices increased year-over-year in 2Q 2019.
Total Miami sales increased 0.6%, from 7,717 to 7,861. Single-family home sales increased 1.8%, from 3,784 to 3,854, year-over-year in 2Q 2019. Existing condo sales declined a negligible 0.6% year-over-year, decreasing from 4,033 ...
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09/08/2019
Residential News » Irvine Edition | By Michael Gerrity | August 8, 2019.
Silicon Valley, San Francisco, Irvine, Honolulu and San Diego most expensive US housing markets in Q2.
According to the National Association of Realtors, most metro U.S. areas saw price gains under marginal inventory growth in the second quarter of 2019.
Single-family median home prices increased ye...
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07/08/2019
Residential News » Irvine Edition | By Michael Gerrity | August 6, 2019.
Idaho, Utah and Nevada experienced the greatest year-over-year increases
According to CoreLogic's latest Home Price Index for June 2019, U.S. home prices rose both year over year and month over month. Home prices increased nationally by 3.4% from June 2018. On a month-over-month basis, prices increased by 0.4% in June 2019.
Single-family home pri...
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05/08/2019
Commercial News » Los Angeles Edition | By Michael Gerrity | August 5, 2019.
According to commercial real estate advisor CBRE, global commercial real estate investment volume increased from Q1 2019 across all regions but overall fell by 7.5% year-over-year in Q2 2019, including entity-level deals. Only the Americas region reported year-over-year growth (0.7%). Activity was down from last year by 17% in EMEA and 14% in APAC.
Global investment vol...
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29/07/2019
Residential News » Seattle Edition | By WPJ Staff | July 25, 2019.
According to new national survey of real estate agents by Redfin, 99 percent of U.S. real estate agents are proud of their services, yet just only 20 percent would recommend their careers to others.
The most disliked parts of the job include income unpredictability (42%) and difficulty finding customers (38%).
Sixty percent of experienced agents said the...
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22/07/2019
Residential News » Irvine Edition | By Michael Gerrity | July 19, 2019.
Homeowners enjoy a $9.7 trillion gain in equity in last 10 years, up from $6.1 trillion in Q1 of 2009.
According to a special report by CoreLogic titled "The Role of Housing in the Longest Economic Expansion" -- which analyzes the U.S. housing market's impact on the latest 121-month economic expansion rising from J...
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18/07/2019
Residential News » Phoenix Edition | By WPJ Staff | July 18, 2019.
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose one point to 65 in July 2019. This marks the sixth consecutive month that sentiment levels have held at a steady range in the low- to mid-60s.
"Builders report solid demand for single-family homes. However, t...
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15/07/2019
Commercial News » New York City Edition | By Michael Gerrity | July 15, 2019.
New York City, San Francisco, Boston, Dallas, Columbus and Los Angeles receiving the most foreign capital in 2019.
According to new research from commercial property consultant CBRE, the global search for yield and portfolio diversification is driving more foreign investors to the U.S. net-lease real es...
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08/07/2019
Residential News » Hong Kong Edition | By Michael Gerrity | July 5, 2019.
According to JLL's latest Hong Kong Residential Sales Market Monitor report, only two remaining residential sites to be tendered on the Kai Tak runway could enjoy Victoria Harbour views after the government awarded the tender for Kai Tak Area 4C Site 1 site. Developers will remain keen in acquiring sites in Kai Tak because there are fewer land supply with Victoria Harbour view....
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17/06/2019
Vacation News » Miami Beach Edition | By Michael Gerrity | June 17, 2019.
Limited Demand Growth Cannot Keep Pace with Modest Supply Increases
According to CBRE Hotels Research's latest report, the U.S. lodging supply will increase at an annual pace greater than the long-run average through 2022.
Meanwhile, the annual rise in the demand for these new hotel rooms is projected to ave...
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11/06/2019
Residential News » New York City Edition | By Michael Gerrity | June 11, 2019.
First Annual New Construction Price Drop in 7 Years
According to Redfin, sale prices for newly built homes in the U.S. fell 1 percent year over year to a median of $363,900 in the first quarter of 2019, the first such drop in seven years.
Sales of new homes in the U.S. were also down 3.1 percent year over y...
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16/05/2019
Residential News » Irvine Edition | By Monsef Rachid | May 16, 2019.
Yet Foreclosure Starts Spike in Washington, Florida, Oregon and Louisiana
According to ATTOM Data Solutions April 2019 U.S. Foreclosure Market Report, U.S. foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 55,646 U.S. properties in April 2019, dow...
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08/05/2019
Residential News » Irvine Edition | By Monsef Rachid | May 8, 2019.
Global proptech and real estate listings database company Global Listings, Inc., through its public online MLS platform GlobalListings.com, has just announced this week the launch of its new CORPORATE PRIME listings service for real estate businesses worldwide.
CORPORATE PRIME is a new business membership service that for a small monthly subscription fee provides...
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29/04/2019
Vacation News » Great Destinations | By Steve Winston | April 19, 2019.
Long winter got you down? Did your anticipation for Spring turn into suffering with hay fever or allergies from everything blooming? Are you ready for not only a change of pace, but also a change of place? The American West is filled with authentic working ranches where you can become a cowboy/girl for a week or two. And not only watch the real cowboys and cowgirls, but also participate in a lot...
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09/02/2019
Residential News » Los Angeles Edition | By Michael Gerrity | February 7, 2019.
Yet Luxury Home Prices Still Tick Up in Q4, 2018
According to Redfin, the average sale price for U.S. luxury homes nationwide rose 4.7 percent annually to an average of $1,772,000 in the fourth quarter of 2018. That's on ...
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21/09/2018
Residential News » Seattle Edition | By WPJ Staff | September 21, 2018.
Share of homes with price drops reached a record-high in September.
According to new Redfin research, signs continue to point toward a changing market that's letting U.S. homebuyers be more selective as supply constraints begin to ease in the hottest m...
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07/09/2018
Residential News » Las Vegas Edition | By Monsef Rachid | September 7, 2018.
According to the Greater Las Vegas Association of Realtors, after climbing steadily since 2012, local Las Vegas home prices have been hovering this summer through August 2018, are maintaining the same home prices as they were back in May 2018.
GLVAR reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Li...
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16/07/2018
Residential News » Hong Kong Edition | By Michael Gerrity | July 16, 2018.
New Hong Kong Tax Will Push Developers to Build Smaller Units
According to JLL's mid-year 2018 Hong Kong property forecast, the upward march of housing prices will slow in the second half after the Government introduced a new vacancy tax and restrictions on the Pre-sale Consent Scheme. Still, housing prices are likely to go up a further 7% in coming six months. To safegu...
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05/06/2018
Commercial News » New York City Edition | June 5, 2018.
Chicago's Oasia Hotel Downtown Named "Best Tall Building Worldwide" for 2018.
This past week the Council on Tall Buildings and Urban Habitat announced the winners of the 16th Annual CTBUH Awards Program, which competed for winning distinctions at the 2018 Tall + Urban Innovation Conference last week at Aqua Tower in Chicago. The CTBUH Awards Jury has named Oasia Hotel Downtown t...
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10/05/2018
Commercial News » London Edition | By Michael Gerrity | May 9, 2018
$165 Billion Invested Worldwide in Commercial Assets in Q1.
According to a new report JLL, despite trade tensions and elevated stock market volatility, investors are still seeking value in real estate with global investment in the first quarter of 2018 hitting the highest Q1 level in 10 years at $165 billion.
After a record-breaking 2017, investment in...
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03/05/2018
Residential News » Seattle Edition | By Michael Gerrity | May 2, 2018
U.S. Housing Demand Fell 6.5% From February to March as Fewer Homes Hit the Market
According to Redfin's latest Housing Demand Index, March marked the second consecutive month of declines thi...
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18/04/2018
Residential News » Irvine Edition | By Michael Gerrity | April 18, 2018
According to CoreLogic's new Single-Family Rent Index, which analyzes single-family rent price changes nationally and among 20 metropolitan areas, shows a national rent increase of 2.8 percent in January 2018, compar...
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09/04/2018
Vacation News » Phuket Edition | By Monsef Rachid | April 9, 2018
Not only is it one of the top retirement havens for Australians, but with more than 250 courses scattered throughout Thailand, it has fast become a golfer's dream. Because of such, the editors at International Living Australia have just pinpointed the...
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03/04/2018
Residential News » Dublin Edition | By Michael Gerrity | April 1, 2018
According to the latest Ireland House Price Report released this week by property website Daft.ie, Ireland home prices nationally rose by 2.5% during the first three months of 2018.
The average price nationwide was €247,000, 7.3% higher than a year ago. Compared to their lo...
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26/03/2018
Residential News » Seattle Edition | By Michael Gerrity | March 26, 2018
According to the February 2018 Zillow Real Estate Market Report, residential median rent across the nation is accelerating at its fastest pace in 21 months. Over the past year, the median rent in the U.S. rose 2.8 percent to a Zillow Rent Index (ZRI) of $1,445.
The faste...
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06/03/2018
World Propery Journal » Panama City Edition | By WPJ Staff | March 6, 2018
Panama-based Red Frog Beach Island Resort & Spa announced this week the resort's newest amenity, La Rosa Beach Club. The new addition features event and meeting spaces, a bar, a restaurant, a stunning waterfall and an infinity-edge pool.
La...
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01/03/2018
World Property Journal » Washington D.C. Edition | By Michael Gerrity | February 28, 2018
According to the American Institute of Architects, 2018 started on a strong note for architecture firms, as the Architecture Billings Index (ABI) saw its highest January score since 2007.
...
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15/02/2018
World Property Journal Residential | News » Washington D.C. Edition | By Monsef Rachid | February 14, 2018
U.S. Home Prices Up 5.3 Percent in Fourth Quarter of 2017
According to Realtors, an uptick in existing U.S. home sales in the final three months of 2017...
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08/02/2018
Source World Property Journal | By Michael Gerrity | February 7, 2018
According to the Greater Las Vegas Association of Realtors, local home prices cooled off slightly in January 2018, but are still up more than 11 percent from one year ago.
GLVAR reported that the median price...
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29/01/2018
According to the Miami Association of Realtors, luxury home sales in Miami posted double-digit gains while existing condominium transactions surged year-over-year in December 2017.
Luxury ($1 million-and-above) existing Miami condo sales jumped 47.6 percent year-over-year, from 42 to 62. Luxury Miami single-family home sales rose 16.7 percent, from 60 to 70. Existing Miami condo sales increased 6.5 percent year-o...
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26/01/2018
According to the National Association of Realtors, existing U.S. home sales subsided in most of the country in December, but 2017 as a whole edged up 1.1 percent and ended up being the best year for sales in 11 years.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.1 percent in 2017 to ...
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22/01/2018
According to Freddie Mac's latest Primary Mortgage Market Survey, the average fixed U.S. mortgage rate rose for the second consecutive week in January 2018.
Len Kiefer, Deputy Chief Economist says, "The U.S. weekly average for the 30-year fixed mortgage rate rose above 4 percent for the first time since last summer to 4.04 percent in this week's survey. This is the h...
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15/01/2018
According to data from CBRE, vacant office space in the U.S. increased slightly by 10 basis points (bps) during the fourth quarter of 2017 (Q4 2017) to 13 percent. For the year, vacancy inched up 10 bps, marking the first year-over-year increase in vacancy since 2010.
The vacancy rate in suburban markets increased 10 bps, to 14.2 percent and downtown vacancy ticked up 10 bp...
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08/01/2018
Brits Not Deterred by Brexit to Buy Properties in France in 2018
According to Tim Swannie, Director of Marseille, France based property brokerage firm Home Hunts, Brits will not be deterred by the weaker pound and Brexit negotiations and will continue to buy properties in France over the course of 2018, thanks to the positive tax reforms and their desire to s...
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03/01/2018
Investors continue to buy into Hong Kong's retail recovery
According to JLL's latest Property Market Monitor released this week, net take-up in Hong Kong's overall office market amounted to 68,800 sq. ft in November 2017, with average monthly rent reaching HKD 71.7 per sq. ft -- 0.3% ...
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27/12/2017
New Home Sales in U.S. Hit 10-Year High in November
Western U.S. States Lead the way, Enjoying a 31% Sales Spike in 2017
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in Novem...
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07/12/2017
Rising Rents, Income Stagnation Force Renters to Pay Bigger Share of Income in 2017
According to Zillow, rising U.S. housing rents are eating up an increasingly large share of American incomes, costing the typical renter $2,000 per year.
Currently, the median U.S. rental requires 29.1 percent of the median monthly income. However, in the...
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05/12/2017
The Great American Single-Family Home Problem
The affordable-housing crunch is a nationwide problem, especially in California.
California's median home price, at just over $500,000, is more than twice the national level and up about 60 percent from five years ago, according to Zillow.
The Haskell Street project in Berkeley, California, exemplifies how developers are trying to gentrify U.S. neighborhoods.
...
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27/11/2017
According to the National Association of Realtors, existing-home sales in the U.S. increased in October 2017 to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums...
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20/10/2017
Los Angeles, San Francisco, Oakland, Seattle and Phoenix top target markets
According to CBRE, strong fundamentals, growing sophistication of logistics facilities and e-commerce growth has led to a surge in foreign industrial investment in the U.S.
Foreign investors have acquired nearly $61 billion in U.S. industrial real estate since 2010, ...
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14/10/2017
Suburbs Continue to Show Strongest Decreases
According to CBRE, vacant office space in the U.S. declined by 10 basis points (bps) during the third quarter of 2017 (Q3 2017) dropping to 12.9 percent. Continuing a recent pattern, suburban office markets continued to set the pace for declines.
The vacancy rate in suburban markets decreased 20...
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10/10/2017
According to the Greater Las Vegas Association of Realtors, local home prices continued to rise rapidly, while home sales stabilized in September 2017.
GLVAR reported that the median price of existing single-family homes sold during September through its Multiple Listing Service (MLS) was $265,000, up 13.5 percent from September 2016. The median price of...
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27/09/2017
Existing homes sales in the U.S. have retreated in four of the past five months, but a new survey from the National Association of Realtors finds this slowdown is not because of a lack of confidence from consumers about buying and selling a home, or based on their views about the direction of the economy and their finances.
NAR's third quarter ...
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21/09/2017
The National Association of Home Builders is reporting this week that U.S. home builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September 2017 from a downwardly revised August 2017 reading of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
"The recent hurricanes have intensified our me...
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06/09/2017
Q & A with Real Estate Technology Veteran Michael Gerrity
Michael Gerrity has been at the forefront of real estate for more than 30 years. First, the Orlando native had a stellar real estate brokerage career, selling and leasing nearly $300 million worth of commercial office transactions during his 17-plus years in the business. In the last 15 years, Gerrity,...
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31/08/2017
According to the Miami Association of Realtors, Miami's existing condominium sales increased for the second time in three months and $1-million-and-up luxury transactions surged for all properties in July 2017.
Sales for existing Miami luxury condos, which are competing with a robust new construction market, surged 51.1 percent and luxury single-family home sales jumped 9.6 pe...
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23/08/2017
According to CBRE, suburban U.S. office markets that provide an urban-like live-work-play environment are well positioned to capture strong demand from office users.
Among the most common attributes of so-called "urban-suburban" submarkets are the presence of abundant retail, office and housing options, as well as employment opportunities, based on a survey ...
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21/08/2017
According to the latest quarterly report by the National Association of Realtors, the headstrong supply and demand imbalances in much of the United States slightly tempered the pace of sales and caused home prices to maintain their robust growth in the second quarter of 2017.
The national median existing single-family home price in the second quarter was $255,600, which is up 6.2 perce...
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15/08/2017
According to realtor.com's latest Housing Shortage Study, the U.S. real estate market is currently experiencing the worst inventory deficiency in 20 years, and for two primary reasons - boomers' reluctance to sell and homes fitting current family needs.
The findings are part of an online survey of 1,054 randomly selected homeowner...
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13/08/2017
It's turning out that 2017 is becoming a very good year for Spain's property market, as JLL is now forecasting this year will be the eighth consecutive year of foreign buyer property growth.
Overseas buyers invested €888 million ($1.04b USD) on Spanish properties in the first half of 2017, smashing last year's record of €330 million ($353m...
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28/07/2017
According to JLL, Asia hotel investors during the first half of 2017 remained focused on gateway cities such as Hong Kong, Singapore, Sydney and Melbourne, as they offer positive tourism and trading fundamentals while the long-term demand and supply is in balance. Investors also continue to seek opportunistic investments in key emerging tourism markets such as Vietnam.
...
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24/07/2017
According to the June 2017 Zillow Real Estate Market Report, the typical U.S. home is worth over $200,000 for the first time ever. The national median home value is now $200,400, up about 7 and a half percent since this time last year.
High buyer demand coupled with fewer homes for sale is driving up home values across the country -- there are 11 ...
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21/07/2017
New government should revise existing cooling measures
According to JLL's latest white paper - Up, Up and Away: The Rise and Rise of Hong Kong's Residential Market, JLL expects Hong Kong's housing prices to grow 15% in the coming 30 months given strong demand from owner-occupiers and about half of all household...
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08/07/2017
According to the fourth annual Green Building Adoption Index study by CBRE and Maastricht University, after placing second last year, the Chicago market claimed the top spot with 66 percent of its space qualified as green certified.
San Francisco slipped to second, while Atlanta, Houston and Minneapolis again claimed spots in the top five in the 2017 report. "Green" off...
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30/06/2017
According to the National Association of Realtors, the ongoing supply shortages that are propping up U.S. home prices in many metro areas has caused pending home sales in May 2017 to slump for the third consecutive month. None of the major regions saw an increase in contract activity last month.
The Pending Home Sales Index, a forward-looking indic...
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14/06/2017
The Greater Las Vegas Association of Realtors (GLVAR) reported this week that despite a shrinking housing supply, local home prices and sales continued to rise in May 2017.
GLVAR reported that the median price of existing single-family homes sold during May through its Multiple Listing Service (MLS) increased to $250,000. That was up 0.4 percent from April and up 9.1 percent from ...
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12/06/2017
According to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans in the U.S. were flat or decreased in the first quarter of 2017.
"Delinquency rates for commercial and multifamily mortgages remained at or near record lows for most capital sources during the first quarter," ...
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11/06/2017
According to CoreLogic's Q1 2017 home equity analysis, U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have seen their equity increase by a total of $766.4 billion since Q1 2016, an increase of 11.2 percent. Additionally, the average homeowner gained about $13,400 in equity between Q1 2016 and Q1 2017.
In Q1 2017, the total number of mortgaged residen...
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07/06/2017
Joint-ventures in land bidding is expected to increase in Hong Kong
According to JLL's latest Hong Kong Residential Sales Market Report, the Hong Kong Monetary Authority's (HKMA) two-way squeeze to control an overheating property market is unlikely to have any material effect on still-upbeat sentiment for residenti...
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02/06/2017
Miami still receives dominant share of foreign residential buyers each year
According to the newly released 2017 Q2 Zillow Home Price Expectations Survey, international buyers of residential real estate in the U.S. don't have a significant impact on the overall housing market. They are far more influential a...
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30/05/2017
The recent Belt & Road (B&R) Forum for International Cooperation held in Beijing was attended by numerous international leaders and organizations and discussed topics including currency swaps, policy, infrastructure and trade, with the objective of strengthening connectivity between China and related countries.
What does the B&R Initiative mean for the Chine...
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29/05/2017
This week the South Korean National Election Commission announced that Democratic Party candidate Moon Jae-in had been elected as the new President.
Moon succeeds former President Park Geun-hye who was removed from office by the country's top court in March over a wide-ranging corruption scandal and subsequently indicted on a range of charges includin...
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29/05/2017
According to STR, the hotel industry in Dubai, recorded strong occupancy levels during the first quarter of 2017 despite continued and significant supply growth.
Based on preliminary data, Dubai recorded an occupancy level of 86.3%, which was a 2.7% uplift compared with Q1 2016. Average daily rate (ADR) was down 6.4% over the same time period to an actual level of AED795.00. As a result, revenue per avail...
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26/05/2017
Home Sales Continue to Rise, Yet Condo Sale Continue to Slide in April
According to a new report by the Miami Association of Realtors, Miami single-family home sales, median prices, traditional transactions and dollar volume increased year-over-year in April 2017.
Single-family home sales in Miami expanded 3.7 percent year-over-year in April, from 1,150 to 1,192...
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