According to the National Association of Realtors, existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels.
U.S. commercial real estate executives are especially bullish on industrial, infrastructure and multi-family asset classes in 2017.
The outlook in 2017 for U.S. commercial real estate capital markets continues to be favorable.
Fueled by a growing economy, solid employment gains and rising household formations, single-family housing production in the U.S. will continue on a gradual, upward trajectory in 2017.
More than 103 million Americans--the most on record--are expected to travel for the year-end holidays. This represents a 1.5 percent increase.
According to the National Association of Realtors, a big surge in the Northeast and a smaller gain in the South pushed U.S. existing-home sales up in November 2016 for the third consecutive month.
The impact of the Federal Reserve's decision this week to raise the Federal Funds Rate by 0.25 percent on all U.S. real estate markets and sectors could be significant in 2017.
Existing-home sales in the U.S. are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home.
According to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter of 2016.
According to the National Association of Realtors, existing-home sales in the U.S. ascended in October 2016 for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade.
The National Association of Home Builders is reporting this week that U.S. builder confidence in the market for newly built single-family homes held steady in November 2016.
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased 14 basis points to a seasonally adjusted rate of 4.52 percent of all loans outstanding at the end of the third quarter of 2016.
The Baird/STR Hotel Stock Index decreased 0.8% in October 2016 to close the month at 3,108. Year to date, the index remains up 0.4%. Hotel stocks outperformed in October amid low investor expectations and rising interest rates.
Millennials entering their prime homebuying years, rising household formation, and continued job gains boosting overall demand are expected to be behind the slight increase in existing-home sales in 2017.
According to the Mortgage Bankers Association's Builder Application Survey for September 2016, U.S. mortgage applications for new home purchases increased 3 percent relative to September 2015.
According to CoreLogic, distressed home sales in the U.S., which include REO and short sales, accounted for 7.8 percent of total home sales nationally in June 2016.
the level of commercial and multifamily mortgage debt outstanding increased by $39.9 billion in the second quarter of 2016, as three of the four major investor groups increased their holdings.