Mortgage Media, May 15, 2019The Mortgage Bankers Association’s Jamie Woodwell sees a robust demand for housing over the next decade.
Category: Top National News
MBA’s Broeksmit Seeks Increased Action on Housing Policy Changes
National Mortgage Professional, May 20, 2019–Phil HallBob Broeksmit, president and CEO of the Mortgage Bankers Association, challenged both Congress and federal regulators to ratchet up efforts in enacting sweeping new housing policy changes.
Real Estate Stocks in High Demand as Trade Battle Brews
Wall Street Journal, May 21, 2019–Esther Fung (subscription)Many investors are turning to real estate stocks as a safe haven during the U.S.-China trade dispute. Real estate investment trusts–shares of companies that own office towers, hotels, shopping malls and other commercial properties–offer investors exposure to businesses that are geared toward the domestic market.
Seattle is Upzoning to Address its Housing Crisis
Archinect, May 21, 2019 –Anastasia Tokmakova Seattle Mayor Jenny Durkan signed a Mandatory Housing Affordability policy that will change the zoning of 27 Seattle neighborhoods from single-family to multifamily. This “upzoning” could generate 6,000 new homes over the next decade.
Why Amazon Is Gobbling Up Failed Malls
Wall Street Journal, May 9, 2019–Video (subscription)As the decline of brick and mortar retail rolls on, commercial real estate developers are left with massive abandoned properties. Who will fill that underutilized space? A series of recent acquisitions by associates of Amazon in Northeastern Ohio provides some clues.
Q1 Commercial/Multifamily Originations Up 12 Percent YoY
National Mortgage Professional, May 14, 2019–Phil HallCommercial and multifamily mortgage loan originations during the first quarter were up by 12 percent on a year-over-year basis but were down 34 percent from the previous quarter, according to data from the Mortgage Bankers Association.
Tech in the CRE Space–a Talk with Bruce Oliver
Mortgage Media, May 10, 2019Bruce Oliver, MBA associate vice president of commercial real estate finance policy, says the commercial real estate space trails the residential space when it comes to making use of new technology to any large degree–but that’s going to change.
Multifamily Borrowers Still Have Lots of Options for Constructions Financing
National Real Estate Investor, May 2, 2019–Bendix AndersonBanks continue to have an appetite for loans on multifamily construction projects.
Debt Funds: What CRE Investors Need to Know
Commercial Property Executive, May 2, 2019–Matthew WurtzebachUnderstanding how debt funds compete and which are best suited for a particular transaction can add tremendous value to owners’ capital structures, Draper & Kramer’s Matthew Wurtzebach said.
Amazon Says It Will Avoid a Housing Crunch With HQ2 by Planning Better Than It Did in Seattle
Washington Post, May 3, 2019–Robert McCartney, Patricia Sullivan Amazon said its new second headquarters in Virginia will not aggravate housing problems as much as in Seattle because it will be able to plan for growth in a way that it could not in earlier years in its home base.