Apartment occupancy among the nation’s 50 largest metro areas stayed steady in May month-to-month, at 95.7%, but is up 90 basis points year-to-date. And while all of those markets posted annual growth in occupancy, 40% were down on a monthly basis.

The number of property demolitions and the pace of office conversions into residential buildings are accelerating. Developers, meanwhile, have greatly slowed new office construction because of questions about future tenant demand. As a result, the amount of office supply in the U.S. is on pace this year to contract for the first time in a quarter of a century.

Pending sales in the luxury segment of the housing market have fallen to their lowest level nationally in more than a decade. Luxury housing prices were up 6.5% year over year as of April, and pending sales were down about 10%, that’s about three times the decline of pending sales observed within the non-luxury housing market.

Mandated return-to-office levels are at their highest point in the last three years, with 56% of human-resources leaders saying their companies had such policies now in place. The percentage of organizations without a mandated policy dropped from 12% in 2023 to just 5% this year.

RealPage is facing dozens of price-fixing lawsuits and class actions from state regulators and private plaintiffs. The Justice Department is also suing the company and several major landlords that use its software alleging its pricing software enables illegal landlord collusion, causing rent spikes.

Sales of previously owned homes in April fell 0.5% from March to a seasonally adjusted, annualized rate of 4 million units- the slowest April pace since 2009. There were 1.45 million homes for sale at the end of April, which at the current sales pace represents a 4.4-month supply- the highest level in five years.

There were more $30 million-plus home sales below 34th Street in the past five years than in the previous decade. Since 2023, the area has seen more than $1 billion worth of home sales above $20 million.

An estimated $957 billion of the $4.8 trillion in outstanding commercial mortgages held by lenders and investors is expected to mature in 2025 — a 3% increase from the $929 billion that matured in 2024.

Moody’s CMBS Conduit/Fusion Delinquency Tracker ticked up to 8.17% in April, surpassing the previous pandemic peak of 7.95% in July 2020. In April, $2.31 billion in loans entered delinquency, 52.6% of which was secured by office loans, 17.2% secured by retail loans and 8.8% secured by hotel loans.

Live Nation committed to lease a 5,300-seat entertainment venue at Centennial Yards, the more than $5 billion mixed-use megaproject under construction next to the Atlanta Hawks’ basketball arena and Mercedes-Benz Stadium.