Altus Group: U.S. CRE transaction dollar volume rises 9.4% y/y in Q2 2026 report
PUBT·- Altus Group released its 2026 Q2 report showing US commercial real estate transaction volume grew 9.4 % year-over-year and 11.3 % quarter-over-quarter. - The industrial sector showed strong performance with a 26 % increase in investment volume and a 13.2 % rise in median price per square foot. - Conversely, the multifamily sector lagged, experiencing an 11.9 % decrease in total transaction volume compared to the previous year.New US single-family home sales slide in July
Businesstimes News·- According to the Commerce Department, US new single-family home sales fell 10.5% in July to an annualized rate of 607,000 units. - The decline was driven by high mortgage rates and housing prices, which kept potential buyers on the sidelines. - The median new home price in July was $393,800, marking a 0.9% decrease from the previous year.US Home Prices Are Rising At Their Fastest Pace In A Year
ZeroHedge·- US home prices in the 20 largest cities accelerated by 0.24% month-over-month in June, pushing the annual increase to 2.1%. - Chicago led with a 6.9% annual increase, while Seattle recorded the largest decline at 2.0%. - High financing costs and a 30-year mortgage rate near 6.5% continue to pressure the housing market and deter prospective buyers.U.S. Pending Home Sales Unexpectedly Tumble To Six-Month Low
rttnews·- The National Association of Realtors reported that pending home sales in the United States unexpectedly fell by 2.3% in July to 71.2, reaching a six-month low. - This decline follows a downwardly revised 4.8% drop in June to 72.9. - Economists had previously anticipated a rebound with a 1.4% increase instead of the further contraction.