Forbes, June 12, 2018–Ted Knutsen2018 won’t be as strong of a year for commercial and multifamily real estate investments as 2017, the Mortgage Bankers Association predicted in an annual report released today.
Category: Top National News
Buyers Cherry-Pick REITs in the Bargain Bin
Wall Street Journal, June 12, 2018–Esther Fung (subscription)The mergers-and-acquisition bug has hit the real-estate investment trust industry, the long-anticipated result of the discounts that REIT stocks have been trading at compared with the private-market valuations of their properties.
REIT, Sleep, Repeat
Forbes, June 4, 2018–Brad Thomas CoStar Managing Director Hans Nordby said publicly traded real estate investment trusts are “substantially” cheaper than private real estate. “Clearly, there is a disconnect. Either REITs are too cheap, which could represent a buying opportunity, or conversely, private real estate could be too expensive, in which case property owners would be well served to sell, to avoid losses.”
Multifamily Investors Face a Cutback in Loan Size
National Real Estate Investor, June 5, 2018–Bendix Anderson Rising interest rates are already making a difference for apartment properties. Borrowers can no longer secure the large permanent loans that have become used to.
In the Pipeline: These 4 Construction Conditions are Cementing Multifamily Industry Trends
HousingWire, June 1, 2018–Jeremiah JensenAll signs point to a multifamily market that is cementing into stable growth. Rents are rising at a more sustainable rate than they have in recent years; capital is flowing into the industry; construction is tapering off to a sustainable level; and demand is strong.
Sears Will Close 72 More Stores, After Quarterly Drop In Sales Of Nearly 12 Percent
NPR, May 31, 2018–Bill ChappelSears Holdings Corp., which controls Sears and Kmart, says it has “identified approximately 100 non-profitable stores, 72 of which will begin store closing sales in the near future,” in the latest sign of the retailer’s struggles to stay afloat.
Even With Mortgage Rates Up, Buying Instead of Renting Makes Sense for Many
MarketWatch, May 29, 2018–Peter MoriciThe spring home-buying season is in full swing, but the landscape has changed a lot from last year. Congress curtailed tax incentives to purchase a home, mortgage rates are up and homes are more expensive. Yet buying a home is still better than renting for many.
Multifamily Market Holds Steady
National Mortgage Professional, May 29, 2018–Phil Hall Builder confidence in the multifamily remained solid as inventory grew slightly in the first quarter, according to a pair of data reports.
Trump Signs Dodd-Frank Rollback
The Hill, May 24, 2018–Sylvan LanePresident Trump on Thursday signed a bipartisan bill to loosen key portions of the Dodd-Frank Act of 2010, cementing the first major changes to President Obama’s landmark banking laws.
JLL: U.S. Multifamily Housing Market Increases in Competitiveness
HousingWire, May 29, 2018–Alcynna LloydRecent research suggests that U.S. landlords experienced an increase in competitiveness, and global real estate investment and corporate activity were at their highest levels for a decade in the first months of 2018, according to a new report from JLL.