Despite U.S. Economic Slowdown, Industrial Sector Remains Strong

Port Markets Command Highest Lease Rental Premiums According to the CommercialEdge latest U.S. industrial market report, despite elevated levels of new supply coming online over the past few years, the continued demand for industrial space is keeping market fundamentals healthy across the U.S. The national average rent for in-place leases stood at $7.12 per square…

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Mortgage Delinquencies Decline 22 Straight Months in January

Based on CoreLogic’s latest Loan Performance Insights Report for January 2023, 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.5 percentage point decrease compared with 3.3% in January 2022 and a 0.2 percentage point decrease compared with December…

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Foreclosure Rates in U.S. Remained Near Record Lows in 2022

According to CoreLogic’s monthly Loan Performance Insights Report for December 2022, 3% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.4 percentage point decrease compared with 3.4% recorded in December 2021 and less than a 0.1 percentage point increase…

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U.S. Housing Market Stalls as Mortgage Rates Edge Up Again

National property broker Redfin is reporting this week that many U.S. homebuyers are retreating back to the sidelines as mortgage rates ascend toward 7 percent. Redfin’s Homebuyer Demand Index — a measure of requests for tours and other services from Redfin agents–fell 1% from a week ago, the first decline after a month of increases,…

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GLOBAL LISTINGS Deploys Over 100 Country Specific Property Listings Search Platforms at Once

Miami-based GLOBAL LISTINGS — the world’s largest online real estate listings search engine with over 3.4 million property postings per month from over 100+ different countries — announced today that it has dynamically deployed over 100 individual country-specific property listings search sites, at once. Michael Gerrity GLOBAL LISTINGS individual country-level listings search platforms are all…

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Market Demand for Architectural Design Services Continue to Slow in the U.S.

According to a new report from the American Institute of Architects, demand for design services from architecture firms continued to decrease in November 2022. The pace of decline during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.6 from 47.7 (any score below 50 indicates a decline in firm billings). The…

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