New York City to Consolidate Housing Subsidy Programs

New York Times, July 18, 2018–Nikita Stewart (subscription)New York City is consolidating its system of rental subsidies after four years of complaints from landlords wary of accepting vouchers and homeless people who have tried to use the vouchers to move out of shelters.

Tax Reform’s Underrated Commercial Real Estate Impact Amid Residential Frenzy

Daily Business Review, July 9, 2018–Jaime Sturgis Following the approval of the federal tax reform bill, much of the discussion has centered on the legislation’s disproportionately negative impact on tax-heavy states and the anticipated influx of residents from those states relocating to tax-free states like Florida.

More White Knuckles for Lenders as Flood Insurance Deadline Approaches

National Mortgage News, July 9, 2018–Hannah Long (subscription)Congress has until July 31 to renew the program or risk a lapse in coverage, which would create a new round of headaches for lenders and real estate agents. Home sales in high-risk flood areas could stall, and policyholders would be unable to renew their insurance in the middle of hurricane season.

Rising Interest Rates Will Impact Transaction Volumes

GlobeSt.com, July 10, 2018–Kelsi Maree BorlandInterest rates are anticipated to rise several more times this year, which has left the many wondering how the increases will affect investment activity.

Rent Just Jumped to All-Time High

HousingWire, July 9, 2018–Ben LaneNewly released data from RentCafé and Yardi Matrix shows that nationwide rents just hit a record high in June, crossing the $1,400 threshold for the first time ever.

More Mortgages for Manufactured Housing Mean More Affordable Housing

Urban Institute, July 2, 2018–Laurie Goodman, Bhargavi GaneshIn a research brief, the authors say increasing the annual supply of the one of the most affordable types of housing, manufactured housing, from the 93,000 units produced in 2017 could ease the country’s severe shortage of affordable housing.

RealPage: Class C is Now Cream of the Multifamily Crop

HousingWire, July 2, 2018–Jeremiah JensenIt’s the underdog story of the decade. Class-C is now on top of the multifamily food chain, boasting tighter occupancy rates than Class-B and Class-A, according to a report from RealPage.

Freddie Improves Condo Requirements

Mortgage Daily, June 27, 2018Freddie Mac is updating its requirements to allow all comparable sales from outside new condominium projects when there have been no sales yet.