WS1189: Weekly Investor Update (January 16-22, 2022)

MARKET INDICATORS SNAPSHOTWEEKLYMortgage Rate (30-Year Fixed): 3.7% (as of 1/18)MONTHLYExisting Home Sales: +1.9% (November 2021)New Residential Sales: +12.4% (November 2021)Median Sales Price for New Houses Sold: $416,900 (November 2021)Construction Spending: +0.2% (October 2021)New Residential Construction: 3.6% (November 2021)QUARTERLYHomeownership Rate: +65.4% (3Q21)Rental Vacancy Rate: +6.4% (4Q21)Sources: NAR, BLS, Federal Reserve Bank, MBAHOUSINGHousing supply drops to a new low since start of the pandemic Seventy-nine of the 88 largest metro areas registered plummeting home sales.Homebuilder confidence plummets for the first time in 4 monthsBuilder confidence fell one point to 83 in January, according to NAHB.COMMERCIAL REAL ESTATEGlobal lodging sector to recover in the second half of 2022Business travel appears to be recovering faster in the US than in other parts of the world. Omicron variant will not affect CRE recoveryThe US office market has already recorded three consecutive quarters of leasing volume increases, and leasing activity is on the rise. OFFICEWSJ: Office leases rise thanks to tenant perksLandlords are showering tenants with tens of millions of dollars and months’ worth of free rent and cash gifts to tenants to attract lease renewals.Manhattan office real estate not affected by WFH setupManhattan office leasing rose by a robust 8.3% in 4Q21.ECONOMY & JOB MARKETTop academics: 2022 will be a tough year for housingPrice increases to lose momentAfter interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/