Vox, Jan. 23, 2023–Rachel M. CohenFor 55 years, the Fair Housing Act has required communities to certify they are working to reduce government-sponsored segregation. But for decades, HUD did little …
Category: Top National News
$9B Plunge in NYC Commercial Real Estate Sets Up Brutal Political Fight Over Shrinking Tax Pie
New York Post, Jan. 23, 2023–New York Post Editorial BoardPer the city Finance Department, the total value of Gotham’s commercial real estate — offices, stores and hotels — is nearly …
New York City’s Luxury Apartment Market Under Pressure in 2023
Wall Street Journal, Jan. 17, 2023–Kate King (subscription)New York City’s luxury residential market faces numerous obstacles at the start of 2023, ranging from high interest rates to signs of a …
Nationwide Rent Control?
Wall Street Journal opinion page, Jan. 22, 2023–The WSJ Editorial BoardDemocrats in Congress are pressing the President to impose rent control nationwide. Fifty Democrats in Congress last week sent a …
Bright Spots for Real Estate: Lower Rates and Uptick in Mortgage Applications
Barrons, Jan. 18, 2023–Shaina Mishkin (subscription)Two sets of data released Wednesday offer some optimism for the housing market amid lower mortgage rates. (MBA mention)https://www.barrons.com/articles/real-estate-housing-mortgage-rates-mortgage-applications-51674059262
How Media and Tech Firms Cut Costs by Reducing Real Estate
Variety, Jan. 12, 2023–Heidi ChungWhether it’s because of the new remote-work culture shift or weak balance sheets, more and more media and tech companies are putting their physical office leases …
Apartment REITs Underperform Peer Group in Q4
GlobeSt.com, Jan. 12, 2023–Erik ShermanSome warning signs have begun to flash on multifamily rents. December was the fourth straight month-over-month decline, according to ApartmentList. Even in the Sun Belt — …
Why Residential Conversions Are More Commonplace
Multi-Housing News, Jan. 6, 2021–Lew SichelmanYoung adults looking for places to rent, especially in central business districts, might find just the right place in a converted office building, motel and …
Rising Interest Rates Hit Landlords Who Can’t Afford Hedging Costs
Wall Street Journal, Jan. 17, 2023–Will Parker, Konrad Putzier (subscription)Nearly half of all commercial property debt is floating rate, according to a 2019 report by the Mortgage Bankers Association. Lenders …
2023 Commercial Real Estate Finance Outlook
America‘s Commercial Real Estate Show, Jan. 16, 2023–Michael BullMBA’s Jamie Woodwell joined Michael Bull to share highlights from the newly released Mortgage Bankers Association’s CREF Outlook Survey on expectations of …