Slowdown

Record Year for Investment Pushes QOF Equity Tracked By Novogradac Past $34 Billion

Retrieved on: 
Thursday, February 2, 2023
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SAN FRANCISCO, Feb. 2, 2023 /PRNewswire-PRWeb/ -- Overall investment in qualified opportunity funds (QOF) tracked by national accounting and consulting firm Novogradac reached $34.09 billion at the end of 2022–with a single-year record $9.68 billion of that being reported in the preceding 12 months.

Key Points: 
  • That total comes from 1,661 QOFs tracked by Novogradac, 1,274 of them reporting a specific amount of equity raised.
  • The equity amount raised in 2022 comes on the heels of a reported $9.24 billion raised in 2021 and $9.23 billion raised in 2020.
  • While 2022 saw a record amount of reported investment, the final three months saw a decline.
  • While the Novogradac data isn't exhaustive–the number of QOFs is undoubtedly higher and the total investment is a multiple of the Novogradac total–the Novogradac data provides indications of investment trends.

Fraser Valley home sales remained steady in July; lowest supply in forty years

Retrieved on: 
Wednesday, August 4, 2021
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Sales continued to remain above normal for July 15 per cent above the ten-year average.

Key Points: 
  • Sales continued to remain above normal for July 15 per cent above the ten-year average.
  • Larry Anderson, President of the Board, said, A summer slowdown is typical.
  • We anticipated that once people could travel and enjoy family time safely, they would do so, and we couldnt be happier for everyone.
  • Across Fraser Valley, in July, the average number of days to sell a single-family detached home was 26 and a townhome was 15 days.

Home Sales and New Listings are Higher Than Last Month, Despite Holiday Dip

Retrieved on: 
Friday, June 5, 2020
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The slowdown could have been driven by the Memorial Day holiday -- pending home sales often see a temporary dip during summer holidays such as Memorial Day, the Fourth of July and Labor Day.

Key Points: 
  • The slowdown could have been driven by the Memorial Day holiday -- pending home sales often see a temporary dip during summer holidays such as Memorial Day, the Fourth of July and Labor Day.
  • Both pending sales and new listings remain well up from the previous month when the market was bouncing back from a slowdown in the early days of the coronavirus pandemic.
  • Experts surveyed by Zillow expect the sales lost during that period to be recouped in full over the next few years.
  • Newly pending sales fell 5.2% from the previous week, with the slowdown perhaps driven by the Memorial Day holiday weekend.