Expect elevated vacancy rates in the office market but low vacancy rates in the multifamily, industrial, and retail market in the next 12 months.
The housing affordability crisis is an issue that has widespread budgetary implications for families. Using publicly available data, a strong connection is made between housing affordability and food insecurity in this report.
In July 2021, home showings declined in every region except the West: Northeast region (-37%), Midwest (-24%), South (-15%) and West (21%).
Millions of people moved during the pandemic, driven by the opportunity to work remotely, the desire for more space, and better affordability. Where do people move a year into the pandemic? Are suburbs and small cities gaining even more movers?
The building features that REALTORS® believed were most important to commercial clients included utility and operations costs, indoor air quality, efficient use of lighting, and windows, doors, and furnishings.
NAR asked REALTORS® about their current tech usage and attitudes about the future of real estate technology.
Sustained job creation, more consumer spending, and the continuing return of the workforce to the office underpinned the commercial real estate market's recovery across all property sectors in the first half of 2021.
In June 2021, home showings decreased in every region except the West: Northeast region (-26%), Midwest (-18%), South (-9%) and West (34%).
Commercial real estate acquisitions during January through May 2021 rose 1% compared to one year ago as investors acquired multifamily properties, hotels, and seniors housing.
In May 2021, Sentrilock home showings were up nationally 24% year-over-year. Showings rose in every region except the Midwest: Northeast region (111%), West (71%), South (12%) and Midwest (-1%).