According to new CBRE data, top end commercial transactions have been most impacted by the slow-down in investment activity in 2023, with the smaller end of the market proving to be more resilient. CBRE’s H1 2023 In and Out Report highlights that total investment volumes dropped by 50% to $8.8 billion in the first six…
Based on CoreLogic’s latest Home Price Index for May 2023, annual U.S. single-family home price growth slowed for the 12th straight month in May, falling to 1.4% increase year over year. The last time CoreLogic’s Home Price index saw annual growth fall to less than 2% was in early 2012, but U.S. appreciation still remained…
According to national property broker Redfin, listings of homes for sale in the several Southwest Florida cities like the Cape Coral-Fort Myers metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have begun to bounce back. In the two months after the devastating September 2022 storm, there were…
Vacant Homes in Foreclosure Increases for Fifth Straight Quarter Based on ATTOM’s newly released second-quarter 2023 Vacant Property and Zombie Foreclosure Report, almost 1.3 million (1,285,633) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 79 homes, across the nation. The report also reveals that 311,508 residential properties…
According to JLL’s latest Hong Kong Property Market Monitor Report, Hong Kong’s Grade A office market is mainly driven by upgrading demand following more new office completions this year. The market sentiment continued to improve amid the border reopening and economic recovery. Among a handful of new lettings, Doo Group leased an entire floor with…
According to new data from the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey for the week ending May 19, 2023, U.S. mortgage applications decreased 4.6 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seasonally adjusted basis from one week earlier. On…
Measurabl, the world’s most widely adopted ESG technology platform for real estate, announced today the launch of Climate Due Diligence Scan (CDDS), an on-demand ESG due diligence solution that gives real estate investors, lenders, and insurers instant access to accurate, timely property-level data on any real estate transaction globally. CDDS provides highly accurate property-level estimates…
Vacation home demand hits 7-year low in 2023 According to national property broker Redfin, mortgage-rate locks for second homes in the U.S. were down 52% from pre-pandemic levels on a seasonally adjusted basis in March 2023. That is compared to a 13% decline for primary homes. Second-home rate locks fell to their lowest level since…
International property consultant Knight Frank reports a recovery in UK housing market activity that has been underway since January is now showing up in official figures. Net mortgage approvals for house purchases increased to 43,500 during the month February, from 39,600 in January, according to recent Bank of England figures. That’s the first monthly increase…
New York City, Singapore and London top the list of global cities rent price growth in 2022 According to international property consultant Knight Frank, prime residential rents continue to rise but the rate of growth is slowing. Across ten global cities luxury rents increased 10.2% on average in the 12 months to Q3 2022, down…