Mortgage Professional America, Dec. 9, 2020–David KitaiRents have fallen 1.3% nationwide year over year. It showed, as well, where rents have fallen most dramatically and which multifamily rental markets have …
Category: Top National News
LIBOR is Being Phased Out in 2021. What Now?
HousingWire, Dec. 8, 2020–Tim GlazeMortgage lenders are preparing for the end of LIBOR, which is set to be phased out by the end of 2021.https://www.housingwire.com/articles/libor-is-being-phased-out-in-2021-what-now/
Almost Half of All Tenants Likely to Reduce Square Footage-Survey
Mortgage Professional America, Dec. 3, 2020–David KitaiWhile 65% of survey respondents said they are personally comfortable with returning to the office, only 59% said their employees or colleagues feel the …
Fannie and Freddie Need ‘Significant Capital’ to Leave Conservatorship, Mnuchin Says
HousingWire, Dec. 3, 2020–Kelsey RamirezIn a hearing before the House Financial Services Committee, Treasury Secretary Steven Mnuchin said no definite plans have been made for the future of Fannie Mae …
Accelerator Brings Minorities Into CRE Fold
Cincinnati Business Courier, Dec. 4, 2020–David HolthausAbout two years ago, a car ride to Columbus shared by two real estate and community development professionals resulted in an idea to expand …
Restaurant Closings Top 110,000 With Industry in a ‘Free Fall’
Bloomberg, Dec. 7, 2020–Carolina GonzalezMore than 110,000 restaurants have closed permanently or long-term across the country as the industry grapples with the devastating impact of the Covid-19 pandemic. And more …
Millions of Americans Are Heading Into the Holidays Unemployed and Over $5000 Behind on Rent
Washington Post, Dec. 7, 2020–Heather Long Nearly 12 million renters will owe an average of $5,850 in back rent and utilities by January, Moody’s Analytics warns. Last month, 9 million …
A New Setback for Big Cities as Return to the Office Fades
Wall Street Journal, Dec. 1, 2020–Peter Grant (subscription)U.S. employees started heading back to the office in greater numbers after Labor Day but that pace is stalling now, delivering another blow …
The COVID Pandemic Could Cut Business Travel by 36%–Permanently
Wall Street Journal, Dec. 1, 2020–Scott McCartney (subscription)Even if Covid-19 vaccines become widespread, business travel is likely to be changed by the pandemic. Travel budgets have been slashed and some …
Rental Market Poised For Boost as Homes Become Unaffordable
GlobeSt.com, Dec. 1, 2020–Rayna KatzSeveral new and recent reports indicate that sales are lagging while large swaths of existing home owners are relocating specifically to cut costs.https://www.globest.com/2020/12/01/rental-market-poised-for-boost-as-homes-become-unaffordable/?