Real Estate & Construction News Roundup (5/1/24) – IMF’s Data on Housing, REITs Versus Private Real Estate, and Suburban Versus Urban Office Property Market


Pillsbury's Construction & Real Estate Law Team discusses recent industry news.

May 28, 2024
Pillsbury's Construction & Real Estate Law Team - Gravel2Gavel Construction & Real Estate Law Blog

In our latest roundup, apartment sales fall for seventh straight quarter, raising real estate capital proves challenging, aspiring homeowners face strong obstacles, and more!

  • Rent increases have softened across the U.S. over the last year, and the combination of high home prices, elevated mortgage rates and low housing inventory creates strong obstacles for aspiring homeowners. (Alex Gailey, Bankrate)
  • The housing market is showing innovative efforts to combat the inventory crisis with initiatives including repurposing commercial properties into residential units. (Angel Smith, Yahoo)
  • Apartment sales fell for the seventh straight quarter in Q1, dropping 25% year over year to $20.6 billion. (Leslie Shaver, Multifamily Dive)


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