Category: Economy
-
Record Number of Homes Hit the Market as Optimism Over Rate Cuts Sets In
Falling mortgage rates and the Fed’s recent rate cut are invigorating the fall housing market, leading to a surge in new listings. A Surge in New Listings A recent report from Realtor.com® reveals that in September, there were 11.6% more homes newly listed on the market compared to the same period last year. This marks…
-
Multifamily Permits Drop 16.8% YoY Despite Record Deliveries
Multifamily construction permits fell 16.8% year-over-year (YoY) in August, despite a monthly increase, highlighting mixed dynamics in residential construction. In August, multifamily construction permits experienced a significant 16.8% YoY decline, even though there was an 8.3% month-over-month (MoM) increase from July. This trend underscores the complex landscape of residential construction. Regional Breakdown The U.S. West…
-
Office Visits in Major Cities: August Trends and Insights
As we navigate the post-pandemic landscape, office visit trends in major cities offer a fascinating glimpse into the recovery and adaptation of urban workspaces. In August, office visits nationwide reached 68.8 percent of August 2019 levels, slightly below the recovery peak seen in July. Regional Highlights Miami, New York, Atlanta, and Dallas have outperformed the national…
-
Top 10 Cities for Affordable New-Construction Homes
Think a new-construction home is out of your price range? Think again. There are numerous cities where you can find new-construction homes for around or under $275,000. Closing the Price Gap While new-construction homes are typically more expensive upfront than older homes, the price gap has narrowed recently. According to a July report from the…
-
High-Supply Multifamily Markets Poised for a Bright Recovery
The multifamily real estate market is on the cusp of a significant turnaround. According to recent research from CBRE, markets that have experienced high supply and negative rent growth are set to rebound by mid-2025. This optimistic outlook is driven by stabilizing occupancy rates and increasing renter demand, which are absorbing much of the new…
-
A Surprising Housing Trend Is Sweeping the U.S. – Why Built-To-Rent Communities Are About To Redefine The Market
As the housing market becomes increasingly expensive, fewer people can afford to buy homes. An unexpected solution is spreading across the U.S. – built-to-rent communities. These developments, filled with single-family homes designed exclusively for renters, are becoming an appealing option for those who want a house but can’t manage the steep cost of ownership right…
-
Top 10 Cities Where Homes Sell for the Most Below the Asking Price
Most homebuyers know that the price they see on real estate listings is more a fervent hope than a steadfast number etched in stone. So how much more—or less—than the asking price should buyers offer? For starters, that depends on timing. During the COVID-19 pandemic, demand for homes was so strong that offers over the…
-
New Era for Real Estate Investors: Navigating the Fed’s Latest Moves
This week, the Federal Reserve’s significant interest rate cut has set the stage for a new monetary era, sparking both excitement and uncertainty among investors. As bond traders anticipated a larger reduction, two-year Treasury yields dropped to a two-year low of 3.5%, down from 5% in April.. This shift has revived risk appetite in the equity market,…
-
Fed Slashes Rates Aggressively: What It Means for Mortgages
In a bold move, the Federal Reserve has issued its first interest rate cut in four years, initiating an easing cycle that promises to make new mortgages more affordable. This significant policy shift, announced on Wednesday, saw a half-point reduction in the central bank’s benchmark rate, bringing it down to approximately 4.8% from a two-decade…
-
Amazon’s Bold Move: Mandating Five Days in the Office
Amazon has announced a significant shift in its remote work policy, requiring its 350,000+ corporate employees to return to the office five days a week starting in January. This move sets Amazon apart from its more flexible peers and has sparked considerable internal debate. The Return to Office (RTO) Policy In May, Amazon had already…
Daniel Kaufman Real Estate 