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News Updates

THE COUNSELORS OF REAL ESTATE® REVEALS ANNUAL TOP TEN ISSUES AFFECTING REAL ESTATE FOR 2024

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Political unrest/global economic health, office occupancy and valuations, housing shortage and artificial intelligence (AI) among key issues shaping real estate’s near future The Counselors of Real Estate®, a global organization of commercial property advisors, released its annual report on the Top Ten Issues Affecting Real Estate® for the upcoming year. Since 2012, the report has identified the current and emerging issues Counselors expect to have the most significant influence on real estate.

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REAL ESTATE INVESTORS OPTIMISTIC ABOUT THE FUTURE ACCORDING TO FALL 2023 RCN INVESTOR SENTIMENT SURVEY

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Challenges remain with high financing costs, limited inventory, and competition from other buyers, but most investors see better times ahead. Real estate investors believe that market conditions have improved and will continue to get better in the coming months according to the Fall 2023 Investor Sentiment Survey from RCN Capital, conducted by market intelligence firm CJ Patrick Company. Almost three quarters of the investors surveyed (72%) said market conditions for investing were better or the

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ALL HAIL TEXAS!

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Severe hail events 18% more frequent in the first half of 2023 than prior three years. Severe hail events in the United States – storms which delivered hail of at least one inch in size within a metropolitan area – increased by almost 18% in the first half of 2023 compared to the average number of events over the same period during the past three years, according to data produced

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CoreLogic: US Mortgage Performance Remains Exceptionally Strong in July

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CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released its monthly Loan Performance Insights Report for July 2023. For the month of July, 2.7% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.3 percentage point decrease compared with 3% in July 2022 and a 0.1% increase from June 2023. To gain a complete

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HOME AFFORDABILITY GETS EVEN TOUGHER ACROSS U.S. DURING Q3

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Major Home-Ownership Expenses Consume 35 Percent of Average Wage Nationwide, Reaching Another High Over the Past Decade; Historic Affordability Drops to New Low ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable in the third quarter of 2023 compared to historical averages in 99 percent of counties around the nation with

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Renting Beats Buying in All but Three of the Largest U.S. Metros

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Buying a starter home in the top 50 metros cost $1,111 (60.3%) more than renting in August, as median U.S. rents see fourth consecutive month of year-over-year declines The elevated mortgage rates, steep home prices and declining rent costs familiar in today’s housing market have made it less costly to rent than to buy a starter home in all but three of the largest metros in the U.S., according to the Realtor.com® Monthly Rental

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