“Investor home purchases are falling for the same reason overall home purchases are falling: surging interest rates and high housing prices have made it more expensive to get a mortgage and buy a home. While roughly three-quarters of investor purchases are made with cash, investors are still impacted by interest rates because they often take out loans to get that cash.”
–Sheharyar Bokhari, Senior Economist with Redfin.
Trepp LLC, New York, said the commercial mortgage-backed securities delinquency rate posted another large decline in May.
The Mortgage Bankers Association on Friday submitted a letter to the Securities and Exchange Commission on its notice of proposed rulemaking on new mandatory disclosures related to climate-related risk and company greenhouse gas emissions.
Rabbet, Austin, Texas, released its 2022 Construction Finance Trends report.
The Federal Reserve is racing to catch up to economic events, announcing a 75-basis-point increase in the federal funds rate and signaling more increases following last week’s FOMC meeting.
CommercialEdge, Santa Barbara, Calif., said the office sector’s future remains murky, even more than two years after the COVID-19 pandemic started.
Walker & Dunlop, Bethesda, Md., structured $47 million in financing to develop The Line, a 219-unit Class A multifamily property in Savannah, Ga.
Redfin, Seattle, reported single-family rental real estate investors purchased fewer houses in the first quarter than in prior quarters.
Following weeks of gloomy economic news and rising inflation, the Federal Open Market Committee pulled out nearly all the stops on Wednesday, hiking the federal funds rate by 75 basis points for the first time in nearly 30 years.
JLL announced Larry Quinlan was elected to serve as an independent, non-executive member of its Board of Directors at the company’s Annual Meeting of Shareholders. He will serve as a member of the Audit and Risk and Nominating, Governance & Sustainability Committees.
