Strong Potential for Office-to-Housing Conversion of Class B Buildings in Metro Areas Impacted by the Pandemic

Apartment demand is soaring and office vacancy rates have spiked, which has prompted conversion of vacant office buildings into housing, particularly multifamily rental housing or owner-occupied condominiums.

Housing Affordability Conditions Unchanged in September

At the national level, housing affordability was flat in September compared to the previous month, with the monthly mortgage payment falling by 0.7% while the median family income fell modestly by 0.6%.

Instant Reaction: Retail Trade Sales November 16, 2021

Retail sales recorded a seasonally adjusted total of $638.2 billion in October, a 1.7% increase from September.

40th Anniversary Top 10 Highlights: Profile of Home Buyers and Sellers

While the report tops 164 pages and has hundreds of data points that a real estate professional can use in their daily business, here are some takeaways.

40 years of Home Buyer and Seller Data: How Does the Profile Compare?

There are some notable changes in the home buying environment, pandemic aside, including interest rates, home prices, and how people go about buying and selling homes.

Instant Reaction: Jobs, November 5, 2021

The job market continues to make progress in October with 531,000 net new jobs. Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the level seen before the arrival of COVID-19.

Instant Reaction: Mortgage Rates, November 4, 2021

The 30-year fixed mortgage rate fell to 3.09% this week from 3.14%, good news for homebuyers and homeowners who want to refinance.

Fur-ever Homes: Pets Are a Motivator to Purchase

Analysis showed 43% of pet owners in the U.S. would be willing to move to accommodate their pet.

Pending Home Sales Fall 2.3% in September 2021

NAR released a summary of pending home sales data showing that September’s pending home sales pace declined 2.3% last month and fell 8.0% from a year ago.

Commercial Real Estate Recovery Continues to Gather Steam in October 2021

Amid an improving economy, the commercial real estate market continues to recover, marked by rising occupancy across all commercial property markets, according to the October Commercial Market Insights Report.

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