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real estate investor outlook
(Credit: RCN Capital/CJ Patrick Company Investor Sentiment Index Summer 2024)

Real estate investor outlook positive despite numerous challenges

Real estate investor sentiment jumped by 16% from the previous quarter, according to the new RCN Capital/CJ Patrick Company Investor Sentiment Index (ISI), designed to track the pulse of property investors across the U.S. and gauge their market outlook. The ISI is based on the quarterly RCN Capital Investor Sentiment Survey of residential real estate…

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US interest rate (Credit: Federal Reserve-Trading Economics)

Elections and monetary policy to impact premium property market

Three key factors will impact luxury housing, according to a new report from Sotheby’s International Realty: Elections around the world (ranging from the UK to the US to South Africa to India), global monetary policy and cultural investments on cities. The real estate service for discerning clients of Sotheby’s auction house in its 2024 Mid-Year…

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(Credit: TechNavio)

Online home rental services market to accelerate at CAGR of 14.72%

The international online home rental services market size is estimated to grow by USD 28.01 billion from 2024-2028, according to Technavio, a leading global technology research and advisory company. The market is estimated to grow at a CAGR of almost 14.72% during the forecast period. High real estate prices make homeownership unaffordable is driving market…

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(Credit: Allied Markets Research)

Property management software market to see significant growth

The property management software market was valued at $3.2 billion in 2023 and is estimated to reach $7.8 billion by 2033, growing at a CAGR of 8.9% from 2024 to 2033, according to a new report by Allied Market Research. Property Management software typically helps those working in property manage leases, streamline maintenance tasks and…

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(Credit: Talpa on Pixabay)

APAC region to lead the recovery of the world cement industry

After facing a difficult year in 2022, the world cement industry is projected to grow by 3.3% on an annual basis to reach $354,058.0 million in 2023, according to a new report by Research And Markets. The growth momentum is expected to continue recording a CAGR of 2.9% during 2023-2027, the “Global Cement Industry Market…

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Construction market Lithuania
(Credit: Pixabay)

Lithuania construction market poised for average growth of 3.5%

Lithuania’s construction industry is seen contracting by 3.5% this year, amid a high base effect, coupled with an increase in overall inflation and construction costs, high interest rates and drop in exports. This is according to a new report by A decline in investor and consumer confidence is expected to affect new building investments…

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US home prices
(Source: Redfin)

U.S. home prices jump hitting all-time high in April 2024

Home prices in the U.S. increased by 0.5% in April, the sixth consecutive month of similar increases, and rose 7.3% from a year earlier, according to the Redfin Home Price Index (RHPI). Elevated mortgage rates and high home prices are curbing homebuyer demand, but prices continue to tick up because there aren’t enough homes on…

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commercial real estate deals

Commercial real estate dealmaking sinks in Europe in Q1 2024

Commercial real estate deals in Europe continued to stall in the first quarter of 2024, MSCI Real Assets said. The firm’s quarterly Europe Capital Trends report showed that the volume of completed transactions stood at €34.5bn, down 26% year-on-year, the lowest level since 2011 and the seventh straight quarter of annual declines. “After a very slow 2023,…

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(Credit: Pixabay)

Luxury store openings down 13% globally in 2023 – Savills

Luxury store openings slowed worldwide in 2023, but several regions bucked the trend, according to a new report from the international estate agents Savills. China, “the engine of store expansion” which accounts for 41% of all openings globally, saw the number of new locations drop 12% amid weaker consumer confidence. China may have slowed, but…

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Data source: National Association of Realtors (2023)

Climbing rates lock millennials out of homeownership

High interest rates are millennials’ No. 1 barrier to homeownership, according to a new survey from Real Estate Witch, an online publication owned by Clever Real Estate that connects readers with expert real estate advice. Millennials refer to the cohort born from the early 1980s to mid 1990s, which means many are at an age…

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