U.S. Home Sales Enjoy Largest Annual Increase in 3 Years Post Presidential Election

The National Association of Realtors (NAR) reported a rise in U.S. existing-home sales in the full month of November 2024. Sales increased in three major regions and held steady in the West. Year-over-year, all four regions saw sales growth. Total existing-home sales — including single-family homes, townhomes, condominiums, and co-ops–rose 4.8% from October, reaching a…

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U.S. Housing Industry Reacts to the Federal Reserve’s Late 2024 Rate Cut

This week, the Federal Reserve reduced its key interest rate by a quarter percentage point, marking the third consecutive cut and signaling a cautious outlook for future reductions. As widely expected by markets, the Federal Open Market Committee (FOMC) lowered the overnight borrowing rate to a target range of 4.25%-4.5%. This brings the rate back…

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The 2025 Investor’s Guide to Vacation Rentals: Metrics, Trends, and Top Spots

Investing in vacation rental properties should never be a prompt decision. It requires a thoughtful decision-making process to ensure that you are getting a good return on investment (ROI). There are several factors like choosing the right location, accommodating the customer’s demands, and calculating the operational costs to figure out a viable option. Moreover, you…

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U.S. Home Builders Express Optimism for 2025

Builder sentiment remained consistent at the close of 2024, as elevated home prices and mortgage rates balanced builders’ optimism about a potential improvement in the regulatory business environment by 2025. Reflecting this optimism, builders reported heightened expectations for increased sales in the coming months. In December 2024, builder confidence in the market for newly constructed…

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Why Home Sales Will Bounce Back after Elections

With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down. Election Years Bring a Temporary Slowdown In any given year, home sales slow down slightly in the fall. It’s a typical, seasonal trend. However, according to data from BTIG, in election years there’s…

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Miami’s Brickell Office Market Hits Record $200 Square Foot Rents in 2024

The Brickell area of downtown Miami’s office market has seen rental prices soar to new heights due to intense demand from blue-chip companies based in New York, Chicago, Los Angeles and Latin America seeking premium office locations, surpassing the available supply. Brazilian bank Banco Master has secured the final 26,000 square feet in the prestigious…

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Commercial Property Transactions in Japan Dive 25 Percent Annually in Q2

Hotel investments account for 40 percent of all commercial transactions in Japan Global property consultant CBRE reported this week that Japan’s commercial real estate transaction volume for Q2 2024 decreased by 25% year-over-year to JPY 663.0 billion. Significant hotel transactions boosted the sector’s acquisition volume to JPY 280.0 billion, which is about 2.6 times the…

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The Future ‘Bloomberg of Real Estate’ Company Coming to Miami in 2025

Veteran media and technology entrepreneur Michael Gerrity announced this week that Miami will be the future headquarters of his new global real estate information services company startup in 2025 — WORLD PROPERTY MEDIA. WORLD PROPERTY MEDIA is the parent holding company for a portfolio of three globally emerging real estate information platforms (news, streaming and…

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U.S. Pending Home Sales Rise 5 Percent in June, First Time in 3 Months

Based on new data by the National Association of Realtors, pending U.S. home sales in June 2024 ascended 4.8%. All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased. The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on…

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AI Driving Significant Global Data Center Growth in 2024

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…

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Mortgage Rates in U.S. Dip in Late June

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…

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