Cost of homeownership soared in 2022 and strengthens rental demand

  • Posted by admin
  • On November 16, 2022
A buyer now needs to earn $107,281 a year on average to afford a $2,682 monthly mortgage payment on a median single-family home in the US. This figure is up 45.6% from last year, according to a recent report by Redfin. Mortgage rates, which have been rising rapidly, have been increasing [...]
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Cash buyers are doing well in the current market

  • Posted by admin
  • On November 14, 2022
Real estate transaction activity did slow down in the third quarter of 2022, and that is no surprise. Costs have risen as the Federal Reserve has tightened the screws on interest rates and the impact on real estate acquisition financing is far from marginal. On the other hand, according to the latest quarterly report from [...]
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Inflation returns to its January 2022 level

  • Posted by admin
  • On November 14, 2022
Inflation is returning to its pace from earlier this year. The Consumer Price Index (CPI) was recorded up 7.7% year-over-year at the end of October, the smallest increase since January 2022. While the decline is notable compared to recent months, this good news for October should not, however, [...]
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Multifamily investors' strategies adapt to economic conditions

  • Posted by admin
  • On November 3, 2022
As the global economy darkens and imposes challenges on all asset classes, many U.S. commercial real estate experts recently expressed confidence in the multifamily sector, which has seen unprecedented rent increases over the past two years, to weather the current economic climate. "The multifamily sector [...]
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New 0.75% rate hike by the Fed in November

  • Posted by admin
  • On November 3, 2022
For the fourth consecutive time, the Fed raised its key interest rate by 0.75%. Given the current conditions and its determination to bring inflation below the 2% level it has set as its goal, there was no real surprise in the committee's decision on Wednesday. [...]
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US GDP growth measured at +2.6% in Q3

  • Posted by admin
  • On November 3, 2022
U.S. GDP growth is back in the third quarter. Real GDP is up by an annualized 2.6% in Q3 2022, offsetting the decline seen in the first half of the year. This growth is mainly driven by the trade balance, with a 14.4% increase in exports [...].
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US inflation update for the month of October

  • Posted by admin
  • On October 27, 2022
Distinct trends are forming around the measures to combat inflation. Down from its June peak of 9%, the CPI (Consumer Price Index) was recorded at 8.2% last month, a change mainly led by lower fuel prices, a positive trend but one that could [...]
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Multifamily rent growth comes from the suburbs

  • Posted by admin
  • On October 13, 2022
Short- and long-term data show that rent growth in the suburbs has far outpaced that in the inner cities since the health crisis began, and even before, according to a latest report from Apartment List. Across 39 metropolitan areas spread across the country, the company found that since [...]
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U.S. labor market update for September 2022

  • Posted by admin
  • On October 13, 2022
Hiring continues, but some signs of slowing are emerging. The labor market added 263,000 jobs in September, still above the historical average, but below the 2022 pace of 420,000 monthly jobs so far. Hiring was concentrated in sectors that are still recovering from [...]
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