Real Estate, Economy & Market News
MARKET INDICATORS SNAPSHOT
WEEKLY
- Mortgage Rate (30-Year Fixed): 3.24 (as of 12/14)
MONTHLY
- Existing Home Sales: +0.8% (October 2021)
- New Residential Sales: +0.4% (October 2021)
- Median Sales Price for New Houses Sold: $407,700 (October 2021)
- Construction Spending: +0.2% (October 2021)
- New Residential Construction: -0.7% (October 2021)
QUARTERLY
- Homeownership Rate: +65.4% (3Q21)
- Rental Vacancy Rate: +5.8% (3Q21)
Sources: NAR, BLS, Federal Reserve Bank
PROPERTY MARKET
Int’l. buyers to fuel 2022 luxury real estate demand
Most of these investors will come from the Middle East and Asian regions teeming with high-net-worth buyers.
REITs well positioned for recovery in 2022
REITS are expected to have a 19% upside potential that make an annualized 12 to 15% total return in the coming year.
Flood risk: economic threat to commercial properties
A recent survey by nonprofit research group reveals that structural damage from flooding is projected to cost $13.5 billion in 2022
Watch the episode here:
Listen to the podcast here:
HOUSING TRENDS
2022 Best Places for Real Estate Investment
Leading the pack is Portland in Maine where home prices are estimated to grow by 10%.
Real estate market sets 10 new records in 2021
The typical U.S. home sold for nearly $400,000. Plus nine more records set in 2021.
HOUSING VALUES & RENT
31,000 construction jobs added in November
Nonresidential construction firms sustained its three-month streak adding 20,800 employees. Residential construction jobs, on the other hand, added 10,300 employees.
CPI up by 6.8% YoY
The Consumer Price Index for All Urban Consumers (CPI-U) was 0.8% in November 2021.
Retail activity surges
Online shopping is projected to rise by 10% year-over-year to $207 billion.
Useful Links:
Listen to our Podcast: The Real Estate Syndication Show
Invest in Life Bridge Capital’s Current Opportunities
All content within the Life Bridge Capital newsletters is the property of Life Bridge Capital LLC unless otherwise stated. All rights reserved. No part of the newsletters may be reproduced, transmitted or copied in any form or by any means without the prior written consent of Life Bridge Capital LLC.
Love the show? Subscribe, rate, review, and share!
Join the Real Estate Syndication Show Community:
