Category: News and Trends

Several factors could trigger the next recession, but it’s unlikely a sharp downturn in commercial real estate will be the cause, said Wells Fargo Securities, Charlotte, N.C.

After a brief uptick in October the commercial mortgage-backed delinquency rate resumed its long-term downward trajectory in November, reported Trepp LLC, New York.

Commercial real estate hiring remains healthy and steady, but the composition of CRE jobs is evolving, reported SelectLeaders, New York.

CREModels, St. Petersburg, Fla., launched a free online resource to give commercial and multifamily real estate developers tools and information about Opportunity Zones.

More than two dozen industry trade groups joined the Mortgage Bankers Association in a letter to House and Senate leaders, urging them to extend the National Flood Insurance Program beyond its latest expiration date (Nov. 30).

The Mortgage Bankers, in a series of letters to federal agencies, offered recommendations to the Federal Housing Finance Agency on its proposed capital requirements for the government-sponsored enterprises (Fannie Mae and Freddie Mac); the FHFA proposed rule on the GSEs’ Uniform Mortgage-Backed Security; and the Office of the Comptroller of the Currency’s proposed rule to revamp the Community Reinvestment Act.

Commercial property market supply and demand fundamentals remained relatively stable in the second quarter, said Moody’s Investors Service, New York.

Despite significant U.S. economic expansion, the retail sector continues to wane with store closings and space shrinkage dominating the market.

Commercial real estate transaction volumes through the first three quarters increased 14.2 percent over last year to $341.2 billion, reported JLL, Chicago.

While demand for distribution and warehouse space remains strong across most U.S. markets, investors should expect to pay more for debt financing heading into 2019, said Avison Young, Toronto.