CoreLogic, Irvine, Calif., said its November U.S. Home Price Index saw its largest annual appreciation since March 2014. The report said nationally, home prices increased by 8.2% in November from a year ago. On a month-over-month basis, home prices increased by 1.1% from October.
Cap rates in the single-tenant net lease retail and industrial sectors fell once again in the fourth quarter to record lows, reported Boulder Group, Wilmette, Ill.
Simon Property Group, Indianapolis, completed its acquisition of an 80 percent ownership interest in The Taubman Realty Group Limited Partnership, Bloomfield Hills, Mich.
This week’s MBA Chart of the Week shows net migration by metropolitan status over the past five years. The green line shows that the net movement into nonmetropolitan areas has hovered around zero, growing by an average of 19,000 migrants (nationally). On the other hand, metropolitan areas absorbed more than 5.7 million migrants over this period.