KEY POINTS The national eviction ban has lapsed, but New York, New Jersey and New Mexico have their own moratoriums. Many cities continue to curb the proceedings as well. As a result, around half of renters in the U.S. still have some protections...[READ MORE]
National property broker Redfin is reporting that as U.S. home prices continued to spike in October 2021, "fast" home sales became more common at the same time. The national median sale price during the four-week period ending October 31 was up 13% compared to the same period last year and 1.5% from three weeks earlier. This is compared to a 0.1% increase over the...[READ MORE]
According to global property consultant JLL, by 2030, one-third of all global direct investment into real estate will occur in the living (Residential) sector, rising from 25% in 2020 and 14% in 2010. The sector's share of capital flows will continue to be supported by favorable demographic, economic and capital markets tailwinds which will drive expansion in established...[READ MORE]
Starts Increase 5 Percent from Last Month, Completed Foreclosures Increase 13 Percent According to ATTOM Data's newly released October 2021 U.S. Foreclosure Market Report, there were a total of 20,587 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- up 5 percent from last month and 76 percent from...[READ MORE]
research economists for the Texas Real Estate Research Center at Texas A&M University are reporting this week that new housing market indicators are signaling the Texas housing frenzy is over. "Both housing sales growth and housing price growth have peaked and are slowing," said Dr. Luis Torres. "In addition, months of inventory, listings, and days on market have...[READ MORE]
According to global property consultant CBRE, with nearly half of the world's population vaccinated and COVID delta variant infections subsiding, global GDP is on track to reach pre-COVID levels by year's end. With ample liquidity and global bond yields low despite higher inflation, investors eagerly deployed capital to commercial real estate in Q3, putting 2021 on pace for...[READ MORE]
Based on a new Ireland Rental Report by daft.ie, residential rents in the third quarter of 2021 were an average of 6.8% higher than the same period in 2020. The average monthly rent nationwide between July and September was €1,516, up 2.6% on the first quarter and more than double the low of €742 per month seen in late 2011. [READ MORE]
U.S. Homes Ranks Third Most Affordable Country in 2021 Based on a new global home affordability study from British based building supplier Roofing Megastore, Saudi Arabia, with an average annual salary of just over $20,354.90, and a 100 square meter (sqm) home costing just $90,774.38, is the world's most affordable country to buy a home in...[READ MORE]
KEY POINTS The average contract interest rate for 30-year fixed-rate mortgages...[READ MORE]
KEY POINTS The goal of Fannie Mae’s and Freddie Mac’s refi programs...[READ MORE]