Real Estate News 08/28/2025

Today’s News Synopsis:

In The News:

Allwork.Space News – “U.S. Office Vacancies Hit Record 20.7% Amid Remote Work Surge“ (08-27-25)

“The era of speculative office skyscraper development is ending, replaced by a need for more flexible, mixed-use spaces.“

ScotsmanGuide – “New single-family home sales beat expectations but still slacken in July” (08-25-2025)

“Builders have been forced to cut prices to combat sluggish demand”

Fortune – “Millennials and Gen Z are gambling on a big mortgage-rate drop, using ARMs and refinancing. But that could be a ‘financial ticking time bomb’“ (08-26-25)

“Mortgage rates have remained stubbornly high since 2023—which has been duly painful as many homeowners recall the sub-3% rates during the pandemic. Combined with historically high home prices, droves of would-be homeowners have been locked out of the housing market, many of which are millennials and Gen Z. ”

Redfin Blog – “Why Does My Mortgage Keep Going Up?“ (08-26-25)

“Once you buy a home, you expect your mortgage payment to stay steady, especially if you have a fixed-rate loan. But for many homeowners, the amount due each month can creep up over time, leaving you asking: “Why did my mortgage payment go up?””

Real Estate News – “Knock expands funding; RE/MAX launches MaaS platform ” (08-26-2025)

“RealPlus and BuildersUpdate.com introduce new agent tools; WAOR adds Property Shield as a member benefit; Knock becomes profitable; more.”