CoreLogic, Irvine, Calif., reported homeowners posted average annual equity gains of $34,300 in the third quarter—half the year-over-year increase recorded in the second quarter.
Fitch Ratings, New York, said it expects the housing market to weaken further in 2023 as affordability issues, softening economic environment and low consumer confidence continue to erode demand.
Median and average Manhattan rents rose in November to their third-highest level on record, according to The Elliman Report prepared by Miller Samuel Real Estate Appraisers and Consultants, New York.
Initial claims for unemployment insurance rose last week, following an erratic up-and-down pattern for the past several months, while continuing claims rose to their highest level since February, the Labor Department reported Thursday.
George Smith Partners, Los Angeles, placed $27 million in construction financing to develop a 95% pre-leased grocery-anchored retail center in California’s Inland Empire.