Home Sales Likely to Weaken in Near Term but Bottom Out Early Next Year Economic growth remains likely to decelerate and ultimately result in a mild recession in 2024, followed by a return to growth in 2025, according to the November 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and...
New listings were near their six-month high in October, helping drive an increase in pending sales, though buyers backed out of deals at the highest rate on record. The recent drop in mortgage rates could give sales another boost in November. U.S. pending home sales rose 1% month over month in...
Austin, Denver, Seattle, Raleigh, and D.C. top the list of cities with the most momentum for STEM job growth Leading real estate advisory firm RCLCO Real Estate Consulting, announced the results of their 2023 STEM Job Growth Index (STEMdex), which projects which metropolitan areas will have the...
Inventory Grows While Declines in Sales, New Listings Soften Seasonal declines in home sales and new listings softened in October while inventory grew for a seventh consecutive month across the 53 metro areas surveyed. Home sales dropped 4.6% from September to October, far less than the 13.5%...
Market activity tracking closely to 2022 levels There were 18,331 new pending sales in the Mid-Atlantic in October, just 3.2% lower than October 2022. The year-over-year difference is the smallest recorded in 2023. New listings were also noticeably closer than the 20-30% gap seen in most...
Rents fell for the second consecutive month to a national average $1,718 Multifamily fundamentals continued to soften and impact rents last month, according to the latest Yardi® Matrix National Multifamily Report. The average U.S. asking rent dropped $3 to $1,718 in October,...
SVN | SFRhub Marketplace (previously SVN | SFRhub Advisors), the premier nationwide platform for investors seeking to buy, sell, finance, insure and manage single-family residential (SFR) and Build-for-Rent (BFR) rental investment portfolios, has strategically expanded its technology platform in...
Urban Land Institute and PricewaterhouseCoopers Release 2024 "Emerging Trends in Real Estate" Report; San Antonio Ranks No. 8 in Top Markets to Watch The Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) recently released its "Emerging Trends in Real Estate" report for 2024, and San...
MCS self-performing network expands to 25 markets with more expected; Network includes regional Service Centers and dedicated MCS Project Managers MCS, the national property services company founded in 1986, has continued the national expansion of its self-performing network, designed to support...
