World News
U.S. New Home Sales Uptick in January
According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in January 2021 rose 4.3 percent to a 923,000 seasonally adjusted annual rate, from an upwardly revised December 2020 reading.
Hong Kong's Office Market Still Impacted by Coronavirus Fears as Rents Slip in January
According to JLL's latest Hong Kong Property Market Monitor released today, the decline of office rents has slowly abated in January 2021, with net effective rents in the overall market dipping by 0.6%.
U.S. Mortgage Loans in Forbearance Declines to 5.2 Percent in Mid-February
The total number of loans now in forbearance decreased by 7 basis points from 5.29% of servicers' portfolio volume in the prior week to 5.22% as of February 14, 2021.
California Home Sales Start 2021 with 22 Percent Spike Over Last Year
The California Association of Realtors reported this week that the State's housing market kicked off the year on a positive note, following up on December's strong showing with double-digit price and sales growth on a yearly basis in January 2021.
Higher Liquidity Improved U.S. Commercial Real Estate Lending in Late 2020
Higher levels of liquidity, tighter credit spreads and a modest loosening of underwriting standards contributed to a sharp improvement in commercial real estate lending momentum in Q4 2020, according to the latest research from CBRE.
