Snapshot Of The Nation’s Housing Units

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Snapshot Of The Nation’s Housing Units

Residential Investor Sentiment Jumps 16% link

• Investor sentiment rose by 16% from the previous quarter, with nearly two-thirds of investors viewing the current market as better or much better than a year ago. This marks the highest percentage of positive responses since the study began.

• Despite optimism, 84% of investors expressed concerns about rising insurance costs and limited availability in areas prone to extreme weather. These issues have caused 68% to miss out on investment opportunities.

• Problems with squatters were reported by over half of the investors surveyed. This continues to be a significant challenge impacting residential investments.

Retail Vacancy Rate Reaches 20-Year Low link

• The retail vacancy rate dropped to 5.3% in Q2 2024, the lowest in two decades. This improvement comes after the first negative absorption reading in three years during Q1 2024.

• A net 1.4 million square feet of retail space was absorbed in the second quarter of 2024. The report attributes this to a 2.4% increase in real personal consumption spending.

• Despite rising consumption, credit card usage is at an all-time high with increasing delinquencies. The personal saving rate averaged 3.7%, significantly lower than the 2019 rate.

Office Market Faces Rising Delinquencies, Maturing Loans link

• The office sector is under pressure with $260 billion in loans maturing by 2026, accounting for 30% of all office loans. Atlanta is particularly impacted, with 43.8% of its office loan volume maturing soon.

• New office delinquencies totaled $187 billion in June, raising the delinquency rate to 7.5%. This situation is prompting a rise in discount purchases and expected increases in all-cash sales.

• Cities like Denver, Nashville, Chicago, and Minneapolis-St. Paul also have high concentrations of maturing office loans. This exacerbates challenges in a market already struggling with flat utilization and falling values.

What’s the Best City for Renters? NY Times Link

(A recent study ranked U.S. cities for renters based on cost of living and housing, the local economy, and quality of life)

Mortgage forecasters predict rates at end of 2024

This City Tops List of Most In-Demand Cities for Renters 

Top 10 States with the Largest Number of Commercial Foreclosures in June 2024 

Insurance Costs Suppressed Multifamily Values Most in These Markets

Who is getting funded in Proptech?

Visualized: Which Countries Have the Most Olympic Medals of All-Time?

Southernmost House in The Continental U.S

Link to the listing

That's all, folks.

Cheers,

Vidit

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