Rising costs restrain prospective homebuyers. Strong interest among buyers for a limited supply of homes for sale drove the median price of an existing single-family home up 14.8 percent year over year to $325,300 in January. Interest remains robust, especially among those searching in the price range below $300,000, as more millennials age into the traditional homeownership stage of life…
Read More
In partnership with Wealth Management Real Estate, Marcus & Millichap performed an investor sentiment survey to judge how active investors across commercial real estate sectors predict assets will perform over the next year. Apartment investors had among the most positive outlook
Read More
Consumers return with new government cash. Spending in every major sector improved in January, lifting core retail sales 6.1 percent from December and 7.6 percent from one year ago. The arrival of $600 stimulus checks to millions of Americans early last month was the primary catalyst…
Read More
Some investors are patiently waiting for a wave of distressed assets, but several factors may leave investors disappointed…
Read MoreBeleaguered by infections, hiring gets off to slow start in 2021. Employers expanded payrolls by a modest 49,000 jobs last month following a loss of 227,000 positions in December. January’s mild employment gain underscores the ongoing weight of the health crisis on economic growth…
Read More