Economist: Mortgage Rates Matter Less Than You. 1) About a quarter of real estate transactions in May were all-cash sales. 2) Many homeowners are able to leverage equity from their current home to offset today’s rate increases. Homeowners who’ve been in their home for a decade have an average of $200,000 in equity
(Fortune subscriber content) Here’s the full breakdown on @MorningstarInc‘s housing outlook—including its 4.00% mortgage rate call
Study: Real Estate Hot in Hurricane Ian-Hit Areas
Commercial’s Bright Spot: College Campuses Due to limited supply and strong demand, sales of rental housing for college students hit a record high of $22.9B in 2022.
When South Dade rapid transit begins next year, it will have 100% electric buses, making it “one of the longest and cleanest BRT corridors in the country” via @miamitodaynews
