Bloomberg News, Sept. 24, 2024-Natalie Wong and John GittelsohnBuyers and sellers in U.S. commercial real estate are increasingly convinced that the beleaguered market is reaching a bottom.Click here for more (subscription)
Category: Top National News
Attention Kmart Shoppers: The Last Full-Size Kmart in the Mainland United States is Closing
CNN, Sept. 24, 2024–Chris IsidoreKmart, once one of America’s leading discount retailers, is closing its last full-size store in the mainland United States.Click here for more
MBA: Commercial Mortgage Debt Rises Despite Slowdown in Loan Originations
MPA, Sept. 20-Candyd MendozaCommercial and multifamily mortgage debt continued to rise in the second quarter of 2024, even as the volume of new loans slowed significantly.Click here for more
In a Major Shift, the U.S. Government Explores Giving Renters Cash, Not Vouchers
NPR, Sept. 19, 2024-Jennifer LuddenThe Department of Housing and Urban Development is exploring the idea of giving struggling Americans cash aid instead of vouchers. That might seem like an unlikely, …
Dollar Stores Expand Aggressively Even as Sales Shrink
The Wall Street Journal, Sept. 17, 2024-Kate KingDollar stores are contending with slowing sales and weaker earnings. That is not stopping them from pursuing an aggressive real-estate expansion.Click here for more …
Millennials and Gen Z Embrace Co-ownership to Make Homeownership Dreams Come True
CBS News, Sept. 18, 2024-Nancy Chen and Analisa NovakThe real estate market is as challenging as ever, particularly for first-time buyers. According to the National Association of Realtors, the average …
Rent, Utilities Rose Faster Than Home Values for First Time in a Decade
The Washington Post, Sept. 12, 2024-Rachel SiegelThe cost of rent and utilities in 2023 rose faster than home values for the first time in a decade, the latest sign that …
Dropping Cap Rates Boosts CRE, Real Estate Debt
Globe St., Sept. 13, 2024-Mario MarroquinFalling yields on investment-grade bonds are bolstering the case for real estate as an attractive investment, despite current market challenges.Click here for more (subscription)
Why the Pro-Housing ‘Yimby’ Movement Is Wading Into the Election
Wall Street Journal, Sept. 15, 2024–Molly BallVice President Kamala Harris’s proposal to build millions more homes draws fans among ‘Yes in My Backyard’ activists.Click here for more
These Millionaires Can Afford Their Dream Home. They’re Renting Instead.
The Wall Street Journal, Sept. 16, 2024-Gina Heeb and Paul OverbergGeorge Goognin, the millionaire founder of a fintech startup, moved to the U.S. two years ago from Russia. He planned …