The median asking rent in November declined 2.1% from one year ago to $1,967, according to new data from Redfin (NASDAQ:RDFN). This represents the biggest annual drop since February 2020; the decline from October was 0.6%. “Renters […]
Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends. COVID-19’s push toward hybrid work has […]
While we already know that according to much-delayed CPI data, annual shelter inflation has just peaked at just under 9% annual growth, and will now be trending lower for the next 18-24 months. But while the roughly […]
The post New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much? Getting to the bottom of a COVID-era real estate mystery. appeared first on Weekly Real Estate News.
Aspiring first-time homeowners are sailing into fierce macroeconomic headwinds as prices and mortgage rates rise, while higher rents make it harder to save for a down payment. Why it matters: Homeownership is a foundation for middle-class […]
Colliers’ Sean Baird on what’s driving this trend, how to finance these projects, and potential impacts on the market. Over the past several months, we’ve seen a spike in the number of student housing communities […]
Anthony Connell of Matthews on how, despite a number of challenges, this segment of the market is growing quickly. Short-term rentals are one of the fastest-growing commercial real estate sectors, valued at $1.8 trillion. As […]
The multifamily market shows signs of softening, driven by the economic deceleration, but rents gained another $19 in June, according to Yardi Matrix. The U.S. multifamily market posted in June the fourth consecutive month with […]
A new study commissioned by the National Multifamily Housing Council and National Apartment Association reveals the U.S. needs to build 4.3 million new apartments by 2035 to address demand, deficit and affordability. The data features as estimate of future […]
Affordability challenges mount as market rebalancing accelerates, especially in expensive markets Monthly payments on a typical mortgage are more than 75% higher than they were in June 2019. Less-expensive metros are seeing the smallest declines in […]
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