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Strong Potential for Office-to-Housing Conversion of Class B Buildings in Metro Areas Impacted by the Pandemic
Apartment demand is soaring and office vacancy rates have spiked, which has prompted conversion of vacant office buildings into housing, particularly multifamily rental housing or owner-occupied condominiums.
- November 16, 2021
- By: Scholastica (Gay) Cororaton
- Multifamily Properties, Office Property
Housing Affordability Conditions Unchanged in September
At the national level, housing affordability was flat in September compared to the previous month, with the monthly mortgage payment falling by 0.7% while the median family income fell modestly by 0.6%.
- November 16, 2021
- By: Michael Hyman
Instant Reaction: Retail Trade Sales November 16, 2021
Retail sales recorded a seasonally adjusted total of $638.2 billion in October, a 1.7% increase from September.
- November 16, 2021
- By: Brandon Hardin
- Retail Properties
40th Anniversary Top 10 Highlights: Profile of Home Buyers and Sellers
While the report tops 164 pages and has hundreds of data points that a real estate professional can use in their daily business, here are some takeaways.
- November 11, 2021
- By: Jessica Lautz
40 years of Home Buyer and Seller Data: How Does the Profile Compare?
There are some notable changes in the home buying environment, pandemic aside, including interest rates, home prices, and how people go about buying and selling homes.
- November 11, 2021
- By: Jessica Lautz
Instant Reaction: Jobs, November 5, 2021
The job market continues to make progress in October with 531,000 net new jobs. Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the level seen before the arrival of COVID-19.
- November 5, 2021
- By: Lawrence Yun
Instant Reaction: Mortgage Rates, November 4, 2021
The 30-year fixed mortgage rate fell to 3.09% this week from 3.14%, good news for homebuyers and homeowners who want to refinance.
- November 4, 2021
- By: Nadia Evangelou
- Mortgage Financing
Fur-ever Homes: Pets Are a Motivator to Purchase
Analysis showed 43% of pet owners in the U.S. would be willing to move to accommodate their pet.
- October 29, 2021
- By: Jessica Lautz
Pending Home Sales Fall 2.3% in September 2021
NAR released a summary of pending home sales data showing that September’s pending home sales pace declined 2.3% last month and fell 8.0% from a year ago.
- October 29, 2021
- By: Michael Hyman
Commercial Real Estate Recovery Continues to Gather Steam in October 2021
Amid an improving economy, the commercial real estate market continues to recover, marked by rising occupancy across all commercial property markets, according to the October Commercial Market Insights Report.
- October 29, 2021
- By: Scholastica (Gay) Cororaton
- Commercial & Investment Real Estate
