Multi-Housing News, May 31, 2023–Lew SichelmanColumnist Lew Sichelman on how a difficult housing market continues to benefit multifamily.https://www.multihousingnews.com/home-buyer-pessimism-bodes-well-for-multifamily/
Category: Top National News
Libor’s Last Users Face Challenges as the Deadline for Its Demise Nears
Wall Street Journal, June 1, 2023-Mark Maurer (subscription)Companies that haven’t switched away from the scandal-plagued London interbank offered rate ahead of the June 30 deadline for the benchmark’s demise aren’t …
Investors are Building a Record Number of Homes Solely to Rent Out. Will This Hurt Aspiring Homeowners?
MarketWatch, June 5, 2023–Aarthi SwaminathanAs aspiring homeowners contend with high mortgage rates, rising home prices and a low number of homes for sale, the construction of single-family homes built deliberately …
Uncle Sam Trashes Garbage Fees
National Mortgage Professional, June 6, 2023–Lew SichelmanUncle Sam is going hard after what it deems to be unconscionable, if not illegal, junk fees, particularly in the servicing and rental sectors.https://nationalmortgageprofessional.com/news/uncle-sam-trashes-garbage-fees
Retail’s Latest Lifeline? Equity.
Commercial Observer, June 5, 2023–Andrew Coen (subscription)Sure, retail has weathered multiple market disruptions. E-commerce, anyone? Pandemic lockdowns? Whatever its resiliency in the past, experts say it will now likely need …
The Next Big Threat Hovering Over the U.S. Economy
Politico, June 5, 2023–Katy O’DonnellAs the federal government strives to contain financial market turmoil, the next risk looming over the nation’s banks is in plain sight: the $20 trillion commercial …
FHFA Moves Ahead With Biden Administration’s Renter Rights Program
GlobeSt.com, June 2, 2023–Erik ShermanSince January, the Biden administration has been pushing for a program to establish a renter bill of rights “to increase fairness in the rental market and …
Commercial Real Estate Downturn Could Weaken U.S. Life Insurers’ Portfolio Asset Quality
Moody’s Podcast, June 1, 2023–Danielle ReedU.S. life insurers have significant commercial real estate exposure, mitigated by a low share of holdings in office properties and high share of investments in …
Debt Ceiling Uncertainty Could Push Mortgage Rates Higher in June
NerdWallet, May 30, 2023-Holden LewisThe economic outlook is hazy any month of the year, but June’s uncertainty is murkier than usual. The unpredictability is driven by two unknowns: the fate …
Office Landlords Squeezed by Falling Occupancy Rates, Refinancing Difficulties. Here’s Why
Associated Press, May 25, 2023-Alex VeigaThe failure of several large lenders earlier this year and the banking turmoil that followed have fueled worries for owners of office space such as …