A new report from CBRE reveals that ongoing power shortages are creating opportunities for development in emerging global data center markets and driving up rents in established markets worldwide. Companies aiming to secure data center capacity are increasingly investing in emerging markets like Northern Indiana, Boise (Idaho), Mumbai (India), Rio de Janeiro (Brazil), and Oslo…
Based on Freddie Mac’s latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage averaged 6.86 percent as of June 27, 2024. Sam Khater “The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months,” said Sam Khater, Freddie Mac’s Chief Economist. “By historical standards, the economy is in good…
According to the National Association of Realtors, U.S. Pending home sales in May slipped 2.1 percent. The Midwest and South posted monthly losses in transactions while the Northeast and West recorded gains. Year-over-year, all U.S. regions registered reductions. The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings…
Seattle, Orlando and Anchorage top travel destinations in 2024 Based on recently released AAA projections, 70.9 million travelers will journey 50 miles or more from home over the Independence Day holiday period in 2024. This year’s projected number of travelers represents a 5% increase compared to 2023 and an 8% increase over 2019. “With summer…
According to CBRE, the hotel market in the Asia Pacific region is undergoing significant structural changes. Hotel owners and operators are adjusting their operational and branding strategies in response to increased labor and utility costs, limited new supply, and the extended peak of the interest rate cycle. Major global hotel operators are expanding rapidly in…