Investor Boom Defies High Mortgage Rates: Unveiling the Driving Forces
Investor Boom Defies High Mortgage Rates: Unveiling the Driving Forces In recent months, a curious phenomenon has emerged in the world of real estate: an investor boom that appears to defy the traditionally restrictive influence of high mortgage rates. Against the backdrop of economic uncertainty and tighter monetary policies, this surge in real estate investment […]
AAA forecasts that nearly 120 million people will be traveling over the Christmas season.
American Automobile Association (AAA) Holiday Travel Forecast The American Automobile Association (aka AAA) says that over 119 million people will be traveling this holiday season –a record number. In addition, AAA expects nearly 117 million people will drive to their holiday destinations. AAA calculates the holiday season from Saturday, December 21 to Wednesday, January 1. […]
Americans have a strong passion for driving.
Americans’ Transportation Preferences in 2022 Citing government data, Statista reports that approximately nine out of ten trips in the United States were taken using a car, SUV, pickup truck, or van in 2022. This data highlights the strong preference for personal vehicles among Americans. In contrast, walking accounted for a significantly smaller share of total […]
Yardi Reports that Consistent Absorption is Driving Up Multifamily Rental Rates
The latest Yardi Matrix Multifamily Report reveals that the average U.S. multifamily rent in April 2024 was $1,725. Yardi notes that multifamily rents have increased for the second consecutive month, attributing this trend to robust demand in the market. According to Yardi, although rent growth is moderate, there are several positive indicators in the data. […]