Reuters, Jan. 11, 2016–Schneider, Howard
Global risks including a slowdown in China and continued low oil prices are now the chief risks to what is an otherwise promising outlook for the U.S. economy, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday.
National Mortgage News, Jan. 11, 2016–Macheel, Tanaya
The commercial mortgage-backed securities delinquency rate finished 2015 at a six-year low, said Fitch Ratings.
National Mortgage News, Jan. 12, 2016–Finkelstein, Brad
In a mostly light-hearted interview on “The Late Show with Stephen Colbert,” HUD Secretary Julian Castro defended the agency against Republican calls for its shutdown.
Wall Street Journal, Jan. 12, 2016–Kusisto, Laura
After six years of rising apartment rents in U.S. cities, investors from all corners of the real-estate industry are piling into new projects in a bet the boom still has a long way to run.
Dallas News, Jan. 12, 2016–Brown, Steve
Despite challenges of storefront retailing in the e-commerce age, Dallas-Fort Worth shopping center vacancies are starting out 2016 with the lowest vacancy in 31 years.
Wall Street Journal, Jan. 12, 2016–Light, Joe
The Federal Housing Finance Agency said so-called captive insurance companies, which insure the risks of the companies that own them, no longer will be eligible for membership in government-backed federal home loan banks. Mortgage Bankers Association President David Stevens said the rule “removes a vital component of the FHLBank membership which provides liquidity for the real estate finance market.”
National Real Estate Investor, Jan. 13, 2016–Mattson-Teig, Beth
Banks are wading through the still murky issue of dealing with new Basel III rules related to high volatility commercial real estate loans. “We have definitely heard of instances where lending decisions have been impacted by the HVCRE rule,” says George Green, a senior vice president at the Mortgage Bankers Association.
CNBC, Jan. 5, 2015–Frank, Robert
The average apartment price in Manhattan hit a record $1.95 million in the fourth quarter, as high-end real estate continued to defy volatile stock markets and slowing growth overseas.
Puget Sound Business Journal, Jan. 5, 2016–Stiles, Marc Seattle is back on the list of the top five U.S. cities for foreign commercial real estate investment, according to a new survey.
Wall Street Journal, Jan. 4, 2015–Leubsdorf, Ben
Nobel laureates, Federal Reserve policy makers and other top economists converged on San Francisco for the American Economic Association’s annual conference. One topic of discussion: the state of the U.S. economy and its prospects at the start of a new year.
