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 …
Category: Top National News
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.
Miami’s Rental Market Roller Coaster Is Headed Downhill
The Wall Street Journal, Oct. 12, 2023-E.B. SolomontWhen Neil Harris moved his family to Miami from Tennessee in 2020 during Covid, he signed a $29,500-a-month lease for a beachfront apartment …
Manhattan Rental Prices Cool Off From Surging NYC Summer Peak
New York Post, Oct. 12, 2023–Shannon ThalerManhattan’s red-hot rental market cooled off, slightly, following a prolonged summer peak that saw prices surge to new heights.Click here for more.
Newsom Signs Off on Bills to Increase California Housing Production, Bolster Tenant Protections
San Jose Mercury-News, Oct. 16, 2023–Kate TalericoCalifornia Governor Gavin Newsom signed over 50 housing bills meant to increase the production of housing and protect tenants.Click here for more.