Tag Archives: Real Estate Trends

Commercial Real Estate Cycles for Q2 2021 — Dr Glenn Mueller’s Must-Read Quarterly Report

As the pandemic progresses through its lifecycle, the demand for commercial real estate continues to evolve with some property types and markets struggling and others booming.  Detailed market-specific insight is critical to ascertain where individual real estate markets are currently at and where they are heading. Dr Glenn Mueller’s quarterly Commercial Real Estate Cycles report …Read more

Housing Market & Residential Lending Forecast August 2021

Fortunately Fannie Mae and the MBA release monthly forecasts for residential lending volumes, new and existing home sales and interest rates.  They do not, however, look through the same glasses when prognosticating the future, however.  Core to housing and residential lending are interest rates that remained below 2.9 percent once again this week according to …Read more

Most & Least Energy-Expensive States 2021 — and a concern for housing regarding future energy costs

The combined cost of housing and transportation expenses accounted for one-half (49.8 percent) of all monthly household expenditures in 2019 (prior to the pandemic) according to the Annual Consumer Expenditures Study by the U.S. Census Bureau.  Included in both of those are energy costs.  On a simple average across the 50 states, monthly energy costs …Read more

The Ugly Trifecta Facing Homebuilders — May 2021 New Home Sales

Homebuilders face a trifecta of impediments – not winnings – with new home construction being hindered by shortages of workers, materials (including appliances, fixtures, HVAC and even hot-water tanks) and developed residential building lots.  As a result, May new home sales slid for the second month in a row sequentially from the prior month using …Read more

Housing Market & Residential Lending Forecast Summary – June 2021

While forecasts from truly respected institutions are valued, unfortunately there is not always agreement from the various parties.   The following summarizes monthly forecasts from Fannie Mae and the MBA. A critical foundation component for forecasting housing and residential lending is interest rates.  Right out of the chute, Fannie Mae and the MBA see differing outcomes …Read more

Existing Home Sales Stutter Slightly in May, Down 0.9 Percent, But Median Price Surges to an All-Time Record Greater Than $350,000

Existing home sales slipped 0.9 percent in May 2021 compared to April based on the Seasonally Adjusted Annualized Rate (SAAR) according to the National Association of Realtors® (NAR). Actual closings in May 2021 (not seasonally adjusted) were up 2.9 percent vs April.   Given the plunge in sales from April to June in 2020 due to …Read more