National Real Estate News

• Housing Affordability Conditions Slightly Weaken in November
  
  Compared to the prior month, the national monthly mortgage payment increased by 0.9% while the median family income rose modestly by 0.2%.
• Instant Reaction: Retail Trade Sales, January 14, 2022
  
  Retail sales recorded a seasonally adjusted total of $626.8 billion in December, a decrease of 1.9% from November.
• Commercial Weekly: Office Market Ends on Strong Note in 2021 Q4; Investors Still Likely to Stay on the Sidelines in Primary Markets
  
  Amid sustained job growth and the continuing re-entry of workers to the office, the demand for office space ended with a strong finish in the second half of 2021, mainly driven by office space absorption in secondary markets.
• Instant Reaction: Mortgage Rates, January 13, 2022
  
  Mortgage rates surged in the second week of the new year, with the 30-year fixed mortgage rate rising to 3.45% from 3.22% the previous week.
• 10 Year Challenge: Home Buyer Edition
  
  NAR Research is joining in on the currently popular 10-year challenge. Let's do the 10-year challenge: home buyer edition. For accuracy, let's compare 2011 to 2021.
• Commercial Weekly: Industrial Fundamentals Strengthen in Q4 2021
  
  Net absorption of industrial space during Q4 2021 totaled 134.4 million square feet (msf) and hit the second highest level of 2021 as demand continued to significantly outpace supply.
• Tackling Home Financing and Downpayment Misconceptions
  
  Despite the hype around home buyers paying all-cash for homes, the majority of home buyers finance their home purchase. How much are they putting down as downpayment?
• Single-family Homeowners Typically Accumulated $225,000 in Housing Wealth Over 10 Years
  
  At the national level, a homeowner who purchased a single-family existing home 10 years ago would have gained $225,000 in home equity if the home were sold at the median sales price of $363,100 in 2021 Q3.
• Instant Reaction: Jobs, January 7, 2022
  
  Compared to the peak employment prior to the pandemic, there are 3 million fewer Americans working.
• Instant Reaction: Mortgage Rates, January 6, 2022
  
  In the first week of 2021, the 30-year fixed mortgage rate was 2.65%. In the first week of 2022, the 30-year fixed mortgage rate jumped to 3.22%, nearly 60 basis points higher than a year earlier.

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