Retail was the only real-estate sector where sales grew last year compared with 2021. Sales activity, which totaled $85.7 billion in 2022, was mostly front-loaded in the first half of the year, with transactions declining as interest rates rose.

The number of renter households making $150,000 or more a year rose by 87% between 2016 and 2021 to more than 3 million.

The S&P National Home Price Index, which measures home prices across the nation, rose 5.8% in the year ended in December, down from a 7.6% annual rate the prior month. The increase was the lowest December-to-December change since 2019.

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.