Washington Post, Oct. 20, 2023–Catherine RampellLet’s do all the things to fix the housing crisis except the ones that work. That seems to be the mantra of some big blue …
Category: Top National News
How 100,000 Apartments in New York City Disappeared
The New York Times, Oct. 19, 2023-Mihir ZaveriAbout a decade ago, Timon Malloy encountered a problem familiar to families trying to raise two children in New York City: His apartment …
Distressed CRE Reaches Ten-Year High
GlobeSt.com, Oct. 19, 2023–Erik ShermanDistress has been the buzzy question making the rounds of commercial real estate for more than a year now. When will it really start? When will …
Banks Report Continued Pain on Commercial Real Estate Loans
Reuters, Oct. 18, 2023-Matt TracyA number of U.S. banks saw continued pain in the third quarter on delinquent commercial real estate (CRE) loans in their portfolios, as stress in the …
Bad News for Commercial Real Estate: Architects Report a Big Drop in Business
CNBC, Oct. 18, 2023-Diana OlickArchitecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could experience even more pain in the next year.Click …
Blackrock’s Larry Fink on Interest Rates: ‘This Reminds Me of the ’70s’
Wall Street Journal, Oct. 24, 2023–Eliot BrownBlackRock CEO Larry Fink isn’t optimistic about interest rates coming back down anytime soon. “We’re going to see higher interest rates for longer,” Fink …
Dismal Lending Year to Turn Up in ‘24
Commercial Property Executive, October 23, 2023–Lew SichelmanWhen the dust clears on 2023, lending and borrowing in the commercial real estate market will be roughly half what it was in 2022. …
‘Enormous’ Amount of Capital on Sidelines Means Now Is Time to Buy Multifamily
GlobeSt.com, Oct. 17, 2023–Richard BergerWith strong fundamentals, new construction starts and a sizeable amount of capital on the sidelines, “now is the right time to buy” in multifamily, according to …
Housing Industry Pleads With Biden Administration to Narrow the Mortgage Spread
HousingWire, Oct. 12, 2023–Connie KimThe Treasury Department should buy MBS and amend the GSE PSPAs, a coalition of trade groups says. (MBA mention)Click here for more.
Despite a Downturn, the U.S. Industrial Real Estate Sector Is Moving Positively
Global Trade, Oct. 12, 2023-Peter FrerichsDespite some gloomy predictions, industrial real-estate is having a rather prosperous year, historically speaking.Click here for more.