World News
Pending Home Sales in U.S. Slide 3.8 Percent in December
According to the National Association of Realtors, pending home sales fell in December 2021, denoting two straight months of declines. All four major U.S. regions posted both month-over-month and year-over-year drops in contract activity.
Tokyo's Prime Office Rents Forecasted to Dip in 2022
The primary factors were an increase in vacancies in existing buildings as a result of relocations to newly completed properties, as well as consolidations and partial cancellations implemented as cost-cutting measures.
U.S Remodeler Sentiment Improves Year-over-Year in Q4
According to the National Association of Home Builders, the latest NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter 2021 posted a reading of 83.
Last Year 99 Million Square Feet of Retail Space Leased in the U.S.
Based on new data from CBRE, the U.S. retail market bounced back significantly in 2021, recording 99 million sq. ft. of positive absorption, the highest total since 2016.
Mortgage Applications Decrease in Mid-January
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending January 21, 2022, U.S. mortgage applications decreased 7.1 percent from one week earlier.
