According to MSCI Real Capital Analytics, nearly 1,040 apartment properties changed hands at a value of $20.6 billion in Q1.
News in end use
US Median Home-Sale Price Hits New High in Four-Week Period Ending May 19th
During the four-week period ending May 19th, the median US home-sale price hit a record $387,600, Redfin reported.
NAHB/Wells Fargo Debut New Cost of Housing Index for Q1
The CHI reveals that a typical family must spend 38% of its income to cover the mortgage payment on a median priced new single-family home.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for May
The University of Michigan Index of Consumer Sentiment declined to 69.1 in May, a month-over-month decline of 10.5% but up 17.1% year-over-year.
US New Residential Single-Family Home Sales Decline in April
New residential single-family home sales for April were at a SAAR of 634,000, 4.7% below the revised March rate.
30-Year Mortgage Rate Drops Below 7% in the Week Ending May 23rd
The 30-year fixed-rate mortgage averaged 6.94%, down from last week when it averaged 7.02%, Freddie Mac reported.
Canadian New-Home Prices Inch Higher in April
The New Housing Price Index (NHPI) increased 0.2% monthly in April, led by higher prices in large urban centers.
US Weekly Jobless Claims Decline in the Week Ending May 18th
The advance figure for seasonally adjusted initial unemployment claims was 215,000, a decrease of 8,000 from the previous week.
Canadian Unemployment Edges Higher in March
470,000 Canadians received regular Employment Insurance (EI) benefits in March, up 0.1%, or 400, from February’s level.
US Existing-Home Sales Declined Month-Over-Month and Year-Over-Year in April
Total existing home sales declined 1.9% month-over-month in April to a seasonally adjusted annual rate (SAAR) of 4.14 million, NAR reported.