Min 1: Monthly Payments Increased 73% for Rate-Locked Sellers Mortgage rate lock-in remains the major barrier keeping would-be sellers frozen in place. Current homeowners sitting on mortgages in the 3% range would pay about $1,000 more per month for similar home today—a 73% increase in monthly payment according
Min 1: Property Taxes Climbed $700 Annually Since 2020 The stressors hitting FHA borrowers show up in the numbers. Property taxes climbed about $700 annually since 2020 while insurance adds roughly $1,000 per year in several high-risk states according to Federal Housing Finance Agency tracking. Homeowners insurance premiums jumped
Min 1: Minneapolis Kept Rents Stable While Tripling Production Pew's data shows Minneapolis maintained stable rental rates for seven years following zoning reform while producing housing at triple the national rate by eliminating outdated zoning laws that represented a major barrier to development. Nearly nine in ten Americans
Min 1: Portable Mortgages Could Unlock 1.72 Million Annual Sales The administration floated two big ideas: 50-year mortgages and portable mortgages that let homeowners transfer existing low rates to new properties. Portable mortgages address the lock-in effect where 58% of mortgages sit below 4% rates, preventing 1.72 million
Min 1: Stewart Hotel Conversion Delivers 579 Units in Midtown Breaking Ground and Slate Property Group secured $87 million for transforming the former Stewart Hotel in Midtown Manhattan into 579 units of affordable and supportive housing serving households earning up to 60% of Area Median Income. The scale demonstrates how
Min 1: New Home Prices Down 10% While Existing Homes Keep Rising Here's the market paradox that explains everything: existing home prices kept climbing since 2022, but median new home prices dropped more than 10% according to NAHB Chief Economist Robert Dietz. That's builders absorbing the
Min 1: E-Commerce Just Hit 25% of All Retail Sales CBRE's numbers show e-commerce hit 23.2% of retail sales in Q3 2024 and will reach 25% by year-end 2025. Industry rule of thumb: every $1 billion in new e-commerce sales needs 1.0 million square feet of
Min 1: Office Occupancy Gap Hit 800 Basis Points Between Grades Cushman & Wakefield Office Q3 2024 report confirmed office occupancy of Grade A assets in gateway markets ran nearly 800 basis points higher than overall office average. Prime office space representing about 8% of total sector maintained 15.5%
Min 1: Second Half Activity Doubled First Half Volume Commercial real estate investment activity began picking up in second half of 2024 according to CBRE analysis. After two years of frozen capital markets, debt and equity financing conditions improved as Federal Reserve initiated rate cuts totaling 75 basis points in
Min 1: Decade of Zero Construction Created Permanent Supply Constraint High costs in 2023 discouraged construction starts and ensured scarcity of new development deliveries in 2024 per CBRE analysis. Retail construction costs rose 6.5% in 2023 and increased further in 2024, albeit at slower rate. There has not been
Min 1: Build-to-Rent Development Became Primary Inventory Source Institutional investors focused on ground-up purpose-built development rather than acquisitions of existing properties, resulting in build-to-rent construction surge according to Arbor's Single-Family Rental Investment Trends analysis. Newly released U.S. Census Bureau data showed single-family rental development activity remained robust
Min 1: Atlanta Surpassed Northern Virginia For First Time in History Atlanta led all primary markets with 705.8 megawatts of net absorption in 2024, well above Northern Virginia's 451.7 megawatts per CBRE's year-end report. This marked first time any market surpassed Northern Virginia in