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Real Estate News

U.S. Builder Confidence Remains Strong in February

U.S. Builder Confidence Remains Strong in February

U.S. builder confidence in the market for newly-built single-family homes remained unchanged at a healthy 72 level in February 2018 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Read More »


New York City Enjoys Record $50 Billion of Residential Sales in 2017

New York City Enjoys Record $50 Billion of Residential Sales in 2017

New York City's residential real estate market rounded out a year of healthy home sales activity with a record $50 billion in transactions completed in 2017. Read More »

Lack of Inventory Slows Greater Miami Home Sales

Lack of Inventory Slows Greater Miami Home Sales

According to the Miami Association of Realtors, Miami recorded the fifth-most annual single-family home sales in county history in 2017 as total dollar volume and median prices rose at year-end and in 4Q 2017. Read More »

Two-Thirds of All U.S. Housing Markets at Record High Home Prices

Two-Thirds of All U.S. Housing Markets at Record High Home Prices

According to Realtors, an uptick in existing U.S. home sales in the final three months of 2017 pulled down housing inventory to an all-time low, while keeping home-price growth at its recent robust pace. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated February 16, 2018 8:04 AM ET

United States Property News

According to the California Association of Realtors, after hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017.

The U.S. office market's nationwide December 2017 vacancy rate of 11.5 percent was the lowest reported in 10 years.

The National Association of Home Builders announced today they commended President Trump's $1.5 trillion infrastructure plan to rebuild and revitalize the nation's aging transportation network.

According to the Mortgage Bankers Association, delinquency rates for U.S. mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 5.17 percent of all loans outstanding at the end of the fourth quarter of 2017.

Based on Freddie Mac's latest Primary Mortgage Market Survey, showing the 30-year fixed mortgage rate hitting its highest mark since December 2016. The U.S. weekly average 30-year fixed mortgage rate rocketed up 10 basis points to 4.32 percent this week.

According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index released this week, data for all four quarters of 2017 show housing affordability remaining essentially flat throughout the full 2017 year.

According to global real estate consultant JLL, property investors worldwide continued to demonstrate their confidence in global real estate markets throughout 2017, with investment in the final quarter hitting its highest level in three years.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending February 2, 2018, U.S. mortgage applications increased 0.7 percent from one week earlier.

According to the National Association of Home Builders-First American's latest Leading Markets Index, overall housing and economic activity in metro markets across the nation remained on a gradual.

According to the Greater Las Vegas Association of Realtors, local home prices cooled off slightly in January 2018, but are still up more than 11 percent from one year ago.

According to American Institute of Architects, despite labor shortages and rising material costs that continue to impact the construction sector, construction spending for nonresidential buildings in the U.S. is projected to increase 4% this year and continue at that pace of growth through 2019.

According to new Redfin research, wildfires threaten $1.5 trillion worth of homes in the United States, representing a disproportionately large portion (7.7 percent) of all U.S. housing values.

According to CBRE's 2018 U.S. Real Estate Market Outlook, despite record-setting wholesale absorption levels for three consecutive years, ever-increasing data consumption and the rapid evolution of technology will fuel strong demand for data center space in 2018.

U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 9.3 percent in December 2017 to a seasonally adjusted annual rate of 625,000 units.

Pending home sales were up slightly in December 2017, for the third consecutive month, according to the National Association of Realtors. In 2018, existing-home sales and price growth are forecast to moderate.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 26, 2018, U.S. mortgage applications decreased 2.6 percent from one week earlier.

According to global real estate consultant CBRE, the enactment of comprehensive tax reform in the U.S. contributed to strong investor sentiment and a favorable commercial real estate lending environment at the end of 2017.


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