GlobeSt.com, Mar. 23, 2023–Courtney FingarOverall CRE returns declined by 3.5% in the last quarter of 2022, taking them into negative territory for the first time since the onset of the …
Category: Top National News
MBA’s Broeksmit: Media Coverage of CRE and Financial Stress Doesn’t Capture “the Complete Picture”
ConnectCRE, Mar. 28, 2023–Paul BubnyMortgage Bankers Association President and CEO Bob Broeksmit, CMB, said recent media coverage of uncertainty in commercial real estate markets hasn’t always provided an accurate picture. …
Work From Home Has Downtowns Empty. A Solution? Live in a Former Office.
Washington Post, Mar. 27, 2023–Linda Chong, Erica WernerBrutal housing costs and empty office buildings are pushing San Francisco and other cities to try to turn them into homeshttps://www.washingtonpost.com/us-policy/2023/03/27/work-home-has-downtowns-empty-solution-live-former-office/
Some Silver Linings Ahead in 2023: CREW Network Survey
CommercialSearch, Mar. 27, 2023–Barbra MurrayA significant number of women in commercial real estate recorded positive activity in 2022 and many have an optimistic outlook for certain sectors in 2023, according …
The Initial Banking Crisis is Easing. Another May be Around the Corner.
Washington Post, March 27, 2023–Jeff SteinFederal authorities still grappling with the banking crisis caused by the collapse of Silicon Valley Bank are already beginning to worry about the next potential …
Commercial Real Estate Drops in Value as Higher Interest Rates Make Borrowing Costs Higher
CNBC, Mar. 27, 2023–Diana OlickCNBC’s Diana Olick looks at commercial real estate values. (MBA mention)https://www.cnbc.com/video/2023/03/27/commercial-real-estate-drops-in-value-as-higher-interest-rates-make-borrowing-costs-higher.html?
Biden Asked to Exempt Housing Programs From Buy America Rule
National Mortgage News, March 27, 2023–Brad Finkelstein (subscription)A group of affordable housing advocates are calling on the Biden Administration to specify that the Build America, Buy America Act does not …
Buy-or-Rent Premium Is Highest Since 2006 Housing Bubble
Bloomberg, Mar. 24, 2023–Paulina CacheroWith real estate prices still elevated and borrowing costs high, paying the monthly mortgage outpaces rent more than it has since before the financial crisis.https://www.bloomberg.com/news/articles/2023-03-24/should-i-buy-a-home-mortgage-premium-vs-renting-is-highest-since-2006?srnd=premium#xj4y7vzkg
Commercial Real Estate is in Trouble. A Banking Crisis Will Make it Worse.
Yahoo News, Mar. 24, 2023–Dani RomeroIf there is anything commercial real estate owners don’t need right now, it’s a banking crisis.https://finance.yahoo.com/news/commercial-real-estate-is-in-trouble-a-banking-crisis-will-make-it-worse-135630056.html
Tips on Renting an Apartment
The Housing Scene (UExpress), Mar. 24, 2023–Lew SichelmanYou’ve undoubtedly heard of the plight of the nation’s youngest congressman, 26-year-old Rep. Maxwell Frost of Florida, who was denied an apartment lease …