Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January, a trend that is poised to continue as the biggest delivery of new apartments in nearly four decades is slated for this year.

In Florida, developers are increasingly eager to buy out condo owners so they can tear down an aging property and build a new one. Some owners, especially the elderly, oppose selling and having to find a new home. Yet they may have to sell if 80% of the owners in a condominium agree to a sale.

Workers’ office use on average is around 50% of prepandemic levels in 10 major U.S. cities. Employee engagement—a measure of how involved and enthusiastic workers are about their work and workplace—slipped in 2022 for a second consecutive year.

The delinquency rate for office loans that back commercial-mortgage-backed securities remains low, but it is heading higher. The rate last month rose by a quarter of a percentage point to 1.83%, its largest increase since December 2021.

From August to November of last year, home sales were down an average of 25% year on year for the top third of the market, but an average of just 11% for the bottom third.

The average 30-year home loan rate has come down by just about a full percentage point from a 20-year high above 7% in November with mortgage applications up by about a quarter since the end of last year.

Home prices declined in November from the prior month as higher mortgage-interest rates made home purchases less affordable for home buyers. The National Home Price Index fell 0.6% in November compared with October, the fifth straight month-over-month decline.

The average discount for “super-prime” luxury apartment units in Manhattan, defined as properties selling for $10 million or more, during the seconed half of last year was 12%.

The cost of insuring commercial real-estate loans against a rise in interest rates has exploded over the past year, raising the prospect of a market selloff since many property owners will no longer be able to afford these hedges. Property owners are paying 10 times as much to insure loans against rising interest rates as a year ago.

Foreclosure filings soared 115% in 2022 compared to the prior year as the last of the federal moratoriums expired, but they were still 34% lower than 2019 levels.