RIF News and Press, RMR Mortgage Trust Com From 05/03/19

The Census Bureau recently published the 2019 first-quarter numbers on the housing stock. Homeownership rates had bottomed out in 2016 at 62.9%. That was one quarter which was probably an anomaly. Generally, the bottom appears to have been about 63.5%. It had generally risen since then, up t...

But other construction segments are hot. Residential construction is starting to make folks nervous. Total residential construction spending - 99% is "private" rather than "public" spending - dropped 8.4% from a year ago, the sixth month in a row of year-over-year declines, to a seasonally a...

Condo prices fall year over year in New York. In San Francisco, SoCal and Seattle, year-over-year price gains shrink to nearly nothing. Despite the hype, Boston prices decline. Denver, Dallas and Atlanta eke out records. After seven months in a row of month-to-month declines, prices of sin...

US-listed REITs performed very well year to date. Does this leave the sector overvalued or is there more room to run? In what follows, we will compare the valuation of real estate with its own history, with other equity sectors, with private real estate markets and fixed income. Valuation...

RMR Real Estate Income Fund (NYSE American: RIF) today announced the results of its 2019 Annual Meeting of Shareholders which was held earlier today as follows: Jennifer B. Clark was re-elected as a Class III Trustee of the Fund to serve a three-year term until the annual meeting of sh...

By Robert Hughes Sales of new single-family homes jumped 4.5 percent in March to a 692,000 seasonally adjusted annual rate, the third monthly rise in a row, resulting in a 3.0 percent gain from a year ago. Sales increased in three of the four regions tallied: sales gained 17.6 percent in t...

There is plenty of supply, but it's the wrong supply, priced too high Across the US, hot and cold housing markets all thrown into one bucket: Sales of "existing homes" (single-family houses, townhouses, condos, and co-ops) in March dropped 5.4% from March last year to a seasonally adjusted a...

By Jill Mislinski This morning's release of the March Existing Home Sales fell to a seasonally adjusted annual rate of 5.21 million units from the previous month's revised 5.48M. The Investing.com consensus was for 5.30 million. The latest number represents an 11.8% increase from the previ...

Strong home price appreciation last year led many to wonder if housing was unsustainably strong. I thought not, and in November 2018, wrote " Housing Forecast: Not A Bubble In 2019 ." This update shows that housing will continue to soften, though not quite so much as previously expected. The...

By Catherine Yoshimoto, director, product management For a brief period, it appeared that the extended low-yield environment of today might at last be coming to a close. But the Fed's about-face to a more dovish stance on interest rates has investors again searching for yield, giving a boo...