Bloomberg, June 21, 2018–Oshrat Carmiel (subscription)If you’re a homebuyer in Manhattan, your life just got easier. For sellers, it’s another story.
Category: Top National News
Should CRE Players Return to Defensive Investing?
National Real Estate Investor, June 26, 2018–David Lynn The author sugsests we are beginning a period where commercial real estate investors should be cautious and shift to less risky strategies that are less sensitive to downturns and recessionary periods.
Fannie Mae Experts: How to Address Rising Rents for Moderate-Income Households
HousingWire, June 27, 2018–Bob Simpson, Tanya ZahalakOne thing is clear: The recent affordability issues that have arisen for moderate income renters is symptomatic of larger underlying problems. And in order to resolve those issues, we need to ensure that we are focusing resources where the underlying problems exist.
Commercial/Multifamily Mortgage Debt at $3.21T in Q1
Naional Mortgage Professional, June 26, 2018–Phil HallCommercial/multifamily mortgage debt outstanding rose by by $44.3 billion in the first quarter, according to new data from the Mortgage Bankers Association.
U.S. Rental Rates Flatten in Major Cities as Supply Floods Market
Wall Street Journal, June 27, 2018–Laura Kusisto (subscription)The U.S. apartment market suffered its worst spring since 2010, near the depths of the housing crisis, as a flood of new supply and weakening demand resulted in rising vacancy rates and little or no rent increases in many major cities.
Florida Officials Approve Plan to Build Largest U.S. Mall
Wall Street Journal, June 19, 2018–Esther Fung (subscription)At a time when store closures are accelerating and struggling malls pockmark the country, county commissioners in Florida have approved a plan to build what would be the largest mall in the U.S. American Dream Miami would also be the most expensive mall ever built.
In the Pipeline: Only One Thing Can Stop Multifamily’s March
HousingWire, June 18, 2018–Jeremiah JensenMultifamily real estate is proving itself to be a rock-solid investment, and as the economic cards fall in favor of the asset class, its strong fundamentals are cementing into place and turning it into a nearly unstoppable barge of respectable returns on investment. But will the good vibes last?
What Do SFR Renters Want?
National Real Estate Investor, June 18, 2018–Bendix AndersonKeeping single-family rental residents in homes longer drastically improves the economics of the business because of the high cost involved in preparing a home to rent.
Regulation to Blame for 32% of Multifamily Production Expenses
National Mortgage News, June 15, 2018–Elina Tarkazikis (subscription)Regulation, on average, imposed by all levels of government accounts for 32% of multifamily development costs, according to the National Association of Home Builders and the National Multi Housing Council.
Pension Funds Hunt for Higher Yields in CRE
National Real Estate Investor, June 20, 2018–Beth Mattson-TeigPension funds still have a healthy appetite for commercial real estate, with firms raising allocations even as industry returns decline.
