Forging Ahead
Three Commercial Committee members share what’s happening in their market and how they’re moving business forward.
Original source: https://www.nar.realtor/commercial-connections/forging-ahead

Three Commercial Committee members share what’s happening in their market and how they’re moving business forward.
Original source: https://www.nar.realtor/commercial-connections/forging-ahead

Thriving Office Market in Secondary Cities With remote and hybrid workstyles bolstered by the continuing pandemic, office space demand continues to be on the decline except in secondary cities. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-thriving-office-market-in-secondary-cities

Instant Reaction: Mortgage Rates, October 7, 2021 Mortgage rates dropped slightly this week, with the 30-year fixed mortgage rate fell to 2.99% from 3.01% the previous week. By: Nadia Evangelou Mortgage Financing Original source: https://www.nar.realtor/blogs/economists-outlook/instant-reaction-mortgage-rates-october-7-2021

Adaptive reuse and infrastructure represent two of the 10 issues expected to have the most impact on real estate during the 2021–2022 cycle. Original source: https://www.nar.realtor/commercial-connections/repositioning-suburbia

Renter Demand Shifts Toward Class B/C Apartments The apartment vacancy rate has fallen to a decade low of 4.5%, and the asking rent has soared to a historic high of 10.5%. By: Scholastica (Gay) Cororaton Commercial & Investment Real Estate, Rental Properties Original source: https://www.nar.realtor/blogs/economists-outlook/commercial-weekly-renter-demand-shifts-toward-more-affordable-and-suburban-class-bc-apartments

A Nearly Unbelievable Data Point: The Birth Rate The baby bust has likely been fueled by both economic and health concerns of women during the pandemic. By: Jessica Lautz Original source: https://www.nar.realtor/blogs/economists-outlook/a-nearly-unbelievable-data-point-the-birth-rate

NAR Petition Opposes DOJ Breach of Settlement Agreement The DOJ effort to take out from the totally binding contract, after NAR had actually started to execute its terms, is a violation of the arrangement as well as the law.Media Contact: Mantill Williams 202-383-1128 Initial resource: https://www.nar.realtor/newsroom/national-association-of-realtors-files-petition-to-oppose-department-of-justice-breach-of-settlement-agreement