GlobeSt, Jan. 3, 2024-Erik ShermanHospitality has found itself between two different trends of deal volume and pricing over a number of quarters, according to an MSCI report.Click here to read
Category: Top National News
Fed Minutes Suggest Rate Hikes Are Over, but Offer No Timetable on Cuts
The Wall Street Journal, Jan. 3, 2024-Nick TimiraosFederal Reserve officials thought they were probably done raising interest rates when they decided last month to hold rates steady, but minutes of …
All-Cash Home Sales in Manhattan Hit Record High
Axios, Jan. 4, 2024-Emily PeckThe share of all-cash buyers in the Manhattan real estate market hit a new high in the fourth quarter of 2023, according to a report out …
One Type of Office Space That Isn’t Seeing Soaring Vacancy Rates? High-Rises
RE Journals, Jan. 3, 2024-Dan RafterWhile demand for office space has been sluggish since the start of the COVID-19 pandemic, there is one office sector that is still seeing lower …
Mortgage Demand Down 9.4% for Final Week of 2023, Despite Recent Drop in Interest Rates
CNBC, Jan. 3 2024–Diana OlickThe average rate on the 30-year fixed ended the year at 6.76%, lower than where it was two weeks ago, but higher than it was a …
Welcome to the Neighborhood! Wall Street Designed It
Wall Street Journal, Jan. 3, 2024–Carol RyanBig residential property investors are finding it harder to buy in good neighborhoods, so they are building new onesClick here for more. (subscription)
From Austin to Anchorage, U.S. Cities Opt to Ditch Their Off-Street Parking Minimums
NPR, Jan. 2, 2024-Laurel WamsleyThe city council in Austin, Texas recently proposed something that could seem like political Kryptonite: getting rid of parking minimums.Click here for more
A Sears Comes Down, Apartments Go Up at Michigan Mall. Is This the Future?
Bridge Michigan, Jan. 2, 2024-Paula GardnerA closed department store surrounded by rays of faded parking-striped concrete can inspire redevelopment dreams anywhere in the United States.Click here for more
Average Senior Housing Cap Rate Inches Up
GlobeSt, Jan. 2, 2024-Richard Berger The average senior housing cap rate increased by 74 bps between April and October with non-core Class C Memory Care assets experiencing the highest increase, …
Homebuyer Relocations Hit 18-Month Low, Redfin Reports
National Mortgage Professional, Jan. 2, 2024-Christine StuartNew data from Redfin indicates a decline in the share of homebuyers relocating, marking the lowest percentage in 18 months.Click here for more