NOT FOR REPRINT
Page Printed from: globest.com/research/?page=87
Sign In To follow
When the median price increases by $1,000, another 117,932 households are priced out of the market, reported NAHB.
Q4 leasing velocity indicates confidence and comfort in returning to offices.
"Homebuyers feel uneasy making offers on homes with such high asking prices, but there is no better alternative" Redfin reported.
Labor, lumber, supply chain are key factors, according to the NAHB/Wells Fargo Housing Opportunity Index.
RealtyTrac reported tight inventory is the cause, with pricing discounts declining.
The semiannual commercial real estate survey asks developers their three-year outlook.
Average asking rents rose $8 to a record $1,604 and year-over-year growth increased to 13.9%, Yardi Matrix reported; declines imminent.
Phoenix, Dallas, Orlando were 2021's most popular migration destinations, Redfin reported, but with home prices up roughly 30% there, some locals are getting priced out.
Sunbelt and Mountain areas are attractive, but there are a few "hidden gems" for developers, NAR reports.
The office vacancy rate has reached 19.1%, far above the 15.5% vacancy rate during the Financial Crisis.