This week in rental property, mortgage rates for 30-year fixed mortgages declined this week in the midst of a climbing trend. Forbes.com article talks why the interest rates are on the rise. Even though the interest rates are pointing upwards, Forbes.com gives a deep analysis on 5 reasons why U.S. real estate market should continue to recover. Next, Auction.com Research Report announces commercial real estate market in the first quarter has set a new record in deal volume. Lastly, we take a look at some of hot real estate markets around the country.
- Mortgage rates for 30-year fixed mortgages fell this week: http://www.zillow.com/blog/30-yr-fixed-mortgage-rate-165351/
- Why Interest Rates Are Climbing. Although the mortgage interest rate fell this week, but the trend reversal has taken place and mortgage interest rates are on the rise: http://www.forbes.com/sites/markgreene/2015/05/18/why-interest-rates-are-climbing/
- 5 Reasons Why US Real Estate Should Remain Buoyant. Interest Rates may not go up as fast or as high as investors feared. The strong dollar and the still low interest rates in the US allow for foreign currency hedging and interest rate arbitrage for some foreign investors. The US is experiencing a two way demographic shift which is driving up demand for multi-family rentals and boosting city living. A flight of wealth from politically unstable regions to the US is propelling the US real estate market upwards. The global expansion of increasingly sophisticated foreign institutional investors and financials firms further supports to US real estate growth: http://www.forbes.com/sites/katinastefanova/2015/05/15/5-reasons-why-us-real-estate-should-remain-buoyant/
- Commercial Real Estate Markets On Fire According to Auction.com Research Report. Total CRE deal volume in the first quarter hit a new all-time peak at $124.3 billion, a 47.4 percent increase from a year ago and a 0.1 percent increase from the prior quarter: http://www.prnewswire.com/news-releases/commercial-real-estate-markets-on-fire-according-to-auctioncom-research-report-300084972.html
- South California housing market has some spring in its step. Both prices and sales volume climbed in April compared with last year. All homes now listed in April would sell in just 3.6 months, down from 5.2 months in February and well below the six-month level housing that economists consider “normal” supply: http://www.latimes.com/business/la-fi-southern-california-housing-market-20150519-story.html
- North Miami Beach: a ‘hidden gem’ in the real estate market. A new strategic vision, competitive pricing and a less hectic lifestyle are three reasons North Miami Beach is emerging as an attractive location for new residential and commercial investment: http://www.miamiherald.com/news/business/biz-monday/article21162036.html
- Leased as punch: Manhattan rents are booming. Average asking rents in Manhattan rose during the first quarter from the same period last year to an overall rate of $69.39 per square foot – the highest rate since December 2008: http://nypost.com/2015/05/18/leased-as-punch-manhattan-rents-are-booming-2/