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Real Estate

US new-home sales plummet in June

Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce ...

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National industrial vacancy reaches pre-recession levels (access required)

The national industrial market was definitely the standout commercial real estate sector during the second quarter of 2014. According to data released by Cushman & Wakefield, national vacancy and new speculative construction continued their descent to pre-recession levels. During the ...

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Treasure Valley foreclosures keep heading downward (access required)

Foreclosure filings continue to ease in Ada and Canyon counties. The number of foreclosures in June dropped 61 percent compared to June 2013. Canyon County saw an 18 percent decrease in notices of default from May to June, while Ada ...

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Roundup 7.18.14 (access required)

Ritchie Bros. Auctioneers leased 415 square feet of space at 9454 W. Fairview Avenue, Suite B, Boise, ID 83704. The Sundance Company facilitated the transaction. E. Brian Allen with Waddell & Reed Financial Advisors leased 1,735 SF of office space ...

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Dodd-Frank links title companies to bank reform (access required)

Local title companies and banks are starting to prepare for new federal rules that that will place their businesses under the same regulatory umbrella. The Dodd-Frank Wall Street Reform and Consumer Protection Act, which Congress approved four years ago to ...

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Downside of low US mortgage rates? Less selling

Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Doing so would mean giving up an irresistible rate in exchange for a new ...

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Roundup 7.11.14 (access required)

CMP, Inc. leased 2,880 square feet of industrial space located at 250 N. Baltic Place in Meridian, ID. CMP, Inc. manufactures food processing equipment. Chris Pearson, SIOR of Thornton Oliver Keller represented the tenant and Tim Graver of Prime Commercial ...

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Delinquency rate for some commercial real estate loans drops (access required)

The delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities dropped to 6.05 percent in June, according to the latest report from Trepp, which tracks the CMBS loan market. June is the 13th straight month of improvement ...

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Significant improvement seen in mortgage payments,foreclosure (access required)

More homeowners are staying current on their mortgage payments, according to a new report issued by the Office of the Comptroller of the Currency. A study of first mortgages with large national and federal savings banks showed 93.1 percent of ...

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Contracts to buy US homes up sharply in May (access required)

The number of Americans who signed contracts to buy homes shot up in May. But the pace of buying this year remains slower than in 2013, in part because of sluggish sales during winter. The National Association of Realtors said ...

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