Cap rates are hovering at 5.6%, while values only fell 1.6% YOY.Dive Brief: For the first January in three years, apartment deal volume rose, increasing 9% year over year to $8.1 billion, according to a report that data firm MSCI Real Assets shared with Multifamily Dive. Price declines continued to moderate, as values dropped only 1.6% YOY, according to MSCI. Over the 12 months ending in January, the average cap rate stood at 5.6% — a signific
Department of Government Efficiency terminations double in less than a weekThe Trump administration over the weekend further accelerated its pace of commercial real estate lease terminations for federal agencies, spreading the scrapped agreements to all 50 states.Since Friday, the Department of Government Efficiency has added more than 500 lease terminations to its total. That's about one in 10 active federal commercial real estate leases cancele
Office sale prices dropped 11 percent in 2024, with distressed sales rising and high-end properties seeing the steepest declines, the latest CommercialEdge report shows.Office sale prices continued to decline in 2024, according to the latest CommercialEdge report, reflecting ongoing uncertainty in the sector amid entrenched remote and hybrid work trends.The average sale price fell 11 percent year-over-year to $174 per square foot, following a ste
Mortgage rates are at the lowest level in two months, but home buyers appear to be brushing it off.The 30-year fixed-rate mortgage dropped to the lowest level of 2025, but it doesn’t seem enough to create urgency among prospective home buyers. Freddie Mac reports the 30-year fixed-rate mortgage averaged 6.76% this week.Mortgage applications for a home purchase, however, were flat this week and pending home sales fell to a record low in Januaryâ
U.S. economic growth slowed in the fourth quarter, the government confirmed on Thursday, and the loss of momentum appears to have persisted early this quarter amid cold temperatures and concerns that tariffs will hurt spending through higher prices.Gross domestic product increased at a 2.3% annualized rate last quarter after accelerating at a 3.1% pace in the July-September quarter, the Commerce Department's Bureau of Economic Analysis (BEA) said
It was the coldest January in 25 years, which may have contributed to a precipitous drop in homebuying activity in typically warm areas of the country, NAR says.Contract signings for home purchases were put on ice during an unusually frigid January, with pending home sales—a forward-looking indicator of homebuying activity—falling 4.6% and reaching an all-time low last month, the National Association of REALTORS® reported Thursday. Pending
U.S. single-family house prices increased solidly in December, despite improving supply, which together with elevated mortgage rates will continue to erode affordability.House prices rose 0.4% on a month-on-month basis after an upwardly revised 0.4% increase in November, the Federal Housing Finance Agency said on Tuesday. Prices were initially reported to have climbed 0.3% in November.They increased 4.7% in the 12 months through December, followi
Renters looking for a better deal may need to rethink the kind of properties they’re focused on in their search.As of January, median single-family home rent prices are up about 41% since before the pandemic, according to a recent report by Zillow. Meanwhile, multi-family rents are up 26% in the same timeframe.A construction boom of multi-family buildings helped rein in rent prices for apartment units in the U.S., prompting some economists to d
Falling activity in production, and personal consumption and housing were to blame for the weaker activity at the start of 2025America’s economic activity lost pace at the start of the year, according to a monthly index set out Monday.The Chicago Fed National Activity Index declined to minus 0.03 in January from 0.18 in December, according to new and revised figures. The reading below zero suggests growth lagged the long-term average.Falling ac
Here are five things buyers might not know they can negotiate when buying a home.Homebuyers received concessions from sellers in 24% of U.S. home sales in 2024, according to the National Association of Realtors (NAR). And it’s not just about price cuts. With mortgage rates remaining elevated and homebuyer demand cooling, more sellers are offering incentives to close deals — covering buyers' closing costs, paying for home repairs or even offer
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