New York Times, May 15, 2024-Jeanna SmialekThere’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter word: “O.E.R.”Click here for more (subscription)
Category: Top National News
Fed’s Powell Says High Interest Rates May ‘Take Longer Than Expected’ to Lower Inflation
USA Today, May 16, 2024–Paul Davidson Federal Reserve Chair Jerome Powell said Tuesday that “it may take longer than expected” for high interest rates to lower inflation. He also reiterated, …
New Florida Law Roils Its Condo Market Three Years After Surfside Collapse
The Wall Street Journal, May 13, 2024-Deborah AcostaIvan Rodriguez leapt at the chance to buy a unit at the Cricket Club, an exclusive bay-front condominium in North Miami. In 2019, …
Sky-High Housing Costs Propel Construction of Rental Homes
Wall Street Journal, May 14, 2024–Will ParkerDevelopers are building new houses for rent at an unprecedented rate, aiming to capitalize on the steep home prices and higher mortgage rates that …
With ‘Bleisure’ and Fewer Workers, the American Hotel is in Recovery
NPR, May 13, 2024–Alina SelyukhTechnology has long been transforming hotels, and the pandemic accelerated that change.Click here for more
Commercial, Multifamily Originations Stall as Owners Hold Off on Major Moves
MPA, May 10, 2024-Candyd MendozaCommercial and multifamily mortgage loan originations fell in the first quarter as the market stagnated, according to the Mortgage Bankers Association (MBA).Click here for more
Stubbornly High Rents Prevent Fed From Finishing Inflation Fight
Wall Street Journal, May 11, 2024–Nick TimiraosFor more than a year, the central bank has expected slowing rent increases to show up in official housing measuresClick here for more (subscription)
Fed May Need to Hold Rates Steady All Year, Kashkari Says
Reuters, May 7, 2024–Ann SaphirStalled inflation buoyed in part by housing market strength means the Federal Reserve will need to hold borrowing costs steady for an “extended period,” and possibly …
JPMorgan Chase’s Al Brooks Gives His 2024 Midyear CRE Outlook
Commercial Observer, May 8, 2024–Al BrooksThe commercial real estate outlook for the second half of 2024 is largely positive — multifamily continues to perform, as do industrial and retail. But …
The Fed’s Housing Market Dilemma, As Told By One Chart
Fast Company magazine, May 14, 2024–Lance LambertThere has been a lot of media attention paid to the cooling rental market. While many observers are correct in noting the softening of …