Mortgage applications were up 6% from a month earlier, the trade group notes, and new home sales were at their strongest monthly pace since January. The MBA says that new home applications in October were down 15.2% from a year ago, while refinance applications declined last week for the seventh time in eight weeks. The Mortgage Bankers Association (MBA) reports this week that applications for both purchases and refinancing are continuing to decline, a trend that is closely tied to rising interest rates. New home, refinancing applications continue declines in a still-strong market Motley Fool contributor Liz Brumer-Smith parses out the data here and lays out why it's a great time to sell but a bad time to buy. Competition in the marketplace, particularly among fix-and-flip real estate investors, meant returns were actually falling.īut according to ATTOM Data Solutions' latest home profit report, that could all be changing. However, up until this point, profitability on the sale of a home wasn't necessarily running alongside it. Record-low interest rates and a nationwide housing shortage have pushed home prices to new highs. Home profits are at an all-time high, topping $100,000 per sale The impact these closings will have on those retail REITs and other property owners and managers will bear watching. On the real estate side, those stores have been among the reliable mainstays during the pandemic, staying open while so many other brick-and-mortar spots have failed. The company said it expects to record an impairment charge in the fourth quarter of 2021 of $0.56 to $0.67 a share of earnings. CVS plans to close 900 stores over the next three yearsĬVS Health said today that it plans to close about 300 of its drugstores a year over the next three years, nearly 10% of its locations, as the company pivots its emphasis to adding more health service at the remaining sites. The report also points out that central business districts are the primary beneficiaries of the pullback in subleasing. The commercial real estate (CRE) giant also says that timing would match previous recessions, when sublease space increased for about two years before peaking and then receding.īusinesses have been snapping up the cheaper space, which may impact revenue for property owners - including real estate investment trusts (REITs) - but it's been better than no rent at all. Subleasing office dips for first time during the pandemicĬushman & Wakefield says in its new 3Q21 report that the market for subleasing space otherwise left empty by the pandemic is now on the decline. Home profits hit new heights while mortgage applications dip, and a senior housing REIT's wage woes provide sector insight. Subleasing office space dips for first time in the pandemic, and CVS Health NYSE: CVS) plans to close 900 drugstores. Institutional Distribution Intelligence.Non-Traditional Exchanges & New Markets.Directors’ and Officers’ Questionnaires.
0 kommentar(er)
