The Commercial Real Estate Industry Continues its Upward Trajectory

Commercial real estate—and its economic trajectory—was the topic of a recent forum at the REALTORS® Legislation Meetings & Trade Expo, and it made one thing clear: growth will continue in the marketplace. As the National Association of REALTORS® (NAR) outlines, a panel led by Dr. Lawrence Yun, chief economist of NAR, discussed “the economic forces shaping commercial real estate markets and how high-tech company expansions, such as Amazon, will have a significant effect on regions across the country.”

National Market Trends: Home Sales Decline Across U.S. in September 2018

A recent report released by the National Association of Realtors® reveals a decline in the number of home sales across the nation in September 2018, following a “month of stagnation in August.” The number of sales, which are composed of closed transactions of single-family, townhomes, condominiums and co-ops, were down 4.1 percent from September 2017.

Mortgage Rates Ascend to their Highest Level Since Spring 2011

As was expected, mortgage rates have increased again, putting them at the highest level seen since April 2011. Seattle Times reports on the change, which pushed the 30-year-fixed-rate up to 4.90 percent in a 19-basis-point jump (1 basis point = 0.01 percentage point), the “largest one-week spike in the 30-year rate since November 2016, when it increased 37 points.” Alternatively, fifteen-year rates reached 4.29 percent, up from 4.15 percent last week and 3.21 percent last year.

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Aaron Freeman