In spite of the increased spread of the omicron variant in the closing weeks of 2021, retail property fundamentals continued to improve. In Q4 2021, retail net absorption was close to the year's high (recorded in Q3 2021) as vacancy decreased to a pre-pandemic low and asking rents for retail space increased.
Florida is arguably the hottest commercial real estate market in 2021 Q4, boasting eight of the top 15 commercial real estate markets.
Mortgage rates surged for the third straight week of the new year, with the 30-year fixed mortgage rate rising to 3.56% from 3.11% in the last week of 2021, a 45-basis point (0.45%) increase in less than a month.
Take a look at the latest trends on the perception to obtain credit, income growth and moving expectations from the Federal Reserve Board of New York's Survey of Consumer Expectations.
Home buyers today have the ability to view homes online and quickly weed out what they want to see versus what can be discarded.
Compared to the prior month, the national monthly mortgage payment increased by 0.9% while the median family income rose modestly by 0.2%.
Retail sales recorded a seasonally adjusted total of $626.8 billion in December, a decrease of 1.9% from November.
Amid sustained job growth and the continuing re-entry of workers to the office, the demand for office space ended with a strong finish in the second half of 2021, mainly driven by office space absorption in secondary markets.
Mortgage rates surged in the second week of the new year, with the 30-year fixed mortgage rate rising to 3.45% from 3.22% the previous week.
NAR Research is joining in on the currently popular 10-year challenge. Let's do the 10-year challenge: home buyer edition. For accuracy, let's compare 2011 to 2021.
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