More store closures loom in the months ahead due to a still-underappreciated degree of distress in American retail, said A&G Real Estate Partners Co-President Andy Graiser in an online panel discussion. “Reduced discretionary spending is really becoming the biggest issue for retailers,” Graiser said, pointing to a “disconnect” between landlords’ positive perceptions of retail performance…
Read MoreThe rapid growth of cities and the urban middle class gives rise to a new “experience economy”, combining human-centric designs and community-based spaces. As a result, consumers will seek higher-quality experiences from the built environment anchored by people-first design that promotes community and connection, according to JLL’s 2024 Global Consumer Experience Survey. JLL has identified…
Read MoreDespite the recent decline in mortgage rates, total U.S. home sales are expected to come in lower than previously forecast through the rest of the year and then not pick up meaningfully until further out in 2025, according to the August 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. Mortgage rates…
Read MoreIndustrialized construction could change the game for multifamily developers, US-based HFA architect Aksel Solberg (AIA, NCARB) argues. In a July 10 column for Multi-Housing News, the leader of HFA Architecture + Engineering’s development design studio in Franklin, MA, cites potential savings from rapidly evolving and more efficient approaches to construction and procurement. In the piece,…
Read MoreUK house prices are currently 8% “overvalued” but will be “fairly valued” by the end of the year due to rising incomes and longer mortgage terms, Zoopla said in its June 2024 house price index. House price inflation was flat at 0% in May 2024, up from a low of -1.3% in November 2023, and…
Read MoreNearly one in four sellers in the U.S. are slashing their home asking prices amid growing inventory, according to the latest monthly report from Zillow, the most visited real estate website in the country. Homeowners compete to entice buyers as inventory rose in all but five major metropolitan areas in June (m-o-m) and new mortgages…
Read MoreInvestor frets real estate after SVB meltdown
Silicon Valley Bank’s (SVB) collapse is “an early step” towards a more rational market environment, according to Oaktree Capital founder Howard Marks. However, fresh problems might arise from bank exposure to commercial real estate, Marks writes in his latest memo, Lessons from Silicon Valley Bank. While the American investor and writer doesn’t expect the failures of…
Read MoreThe way people perceive homeownership changes
Tech-enabled real estate company Mynd, engaged research firm Big Village to conduct an omnibus survey among 1,018 U.S.-based adults aged 18 years and older who rent or own their home. The 2022 Consumer Insights Report shines a light on shifting attitudes toward homeownership, property management, and generational differences in real estate investing. Younger generations are…
Read MoreRoughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to Redfin, the technology-powered real estate brokerage. With rates now at the highest since the 2008 financial crisis, some of those homeowners are discouraged from moving because selling their home and buying another…
Read More