MARKET INDICATORS SNAPSHOT

WEEKLY

Mortgage Rate (30-Year Fixed): 3.11% (as of 12/30)

MONTHLY

Existing Home Sales: +1.9% (November 2021)
New Residential Sales: +12.4% (November 2021)
Median Sales Price for New Houses Sold: $416,900 (November 2021)
Construction Spending: +0.2% (October 2021)
New Residential Construction: 3.6% (November 2021)

QUARTERLY

Homeownership Rate: +65.4% (3Q21)
Rental Vacancy Rate: +5.8% (3Q21)

Sources: NAR, BLS, Federal Reserve Bank, MBA

COMMERCIAL REAL ESTATE

WellsFargo: Retailers, developers to be impacted by inflation

US inflation could negatively impact retailers and small businesses who are trapped in long-term leases.

CRE poised to continue growth in 2022

Cred iQ noted an increase of $116 billion of total CRE debt from commercial banks at the start of December 2021.

NAR: Commercial real estate to strengthen in 2022

A record-low vacancy rate of 4.5% for the multifamily market was registered in the middle of December.

Industrial real estate sales rise amidst drop in e-commerce sales

Vacancies for industrial space in 3Q21 remained tight at 5.7%.

Industrial purchases represent sector’s continued streak

Several companies are poised to gain traction from recent acquisitions.

US office market remains stable despite uncertainties

Office-leasing activities in the country’s top 12 markets’s fundamentals remain strong.

COVID-hit hospitality sector trying to stay afloat

The Omicron variant has forced hotels to become quarantine facilities, especially New York.

HOUSING

Condo and co-op sales rebound in Manhattan

Condo and co-op

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