Trends

The U.S. hotel industry recorded its seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth, according to the 2017 edition of Trends in the Hotel Industry by CBRE Hotels’ Americas Research.   CBRE Hotels reported that last year’s total operating... Keep Reading....
April was a sluggish month for the apartment rental business, according to the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions
April was a sluggish month for the apartment rental business, according to the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions.   All four NMHC indexes used to measure the market saw increases in April, but were below the breakeven level of 50: market... more
The mortgage delinquency rate in March fell 14 percent on a month-over-month measurement
The mortgage delinquency rate in March fell 14 percent on a month-over-month measurement, reaching its lowest level since March 2006, according to new data from Black Knight Financial Services (BKFS). The March mortgage delinquency rate is also the fourth lowest recorded during the 21st Century.  ... more
New York State recorded 25,366 closed sales in the first quarter
New York State recorded 25,366 closed sales in the first quarter, a 2.7 percent year-over-year rise, according to data from the New York State Association of Realtors (NYSAR). For March, there were 8,889 closed sales, a 2.9 percent increase from one year ago.   The first quarter’s statewide median... more
Total existing-home sales soared by 4.4 percent to a seasonally adjusted annual rate of 5.71 million in March from a downwardly revised 5.47 million in February
Total existing-home sales soared by 4.4 percent to a seasonally adjusted annual rate of 5.71 million in March from a downwardly revised 5.47 million in February, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, March’s sales pace is up 5.9 percent—... more