The Lede
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1031 Exchange, a Cherished Real Estate Tax Break, Faces Extinction
Wall Street Journal, June 13, 2017--Peter Grant; Richard Rubin (subscription)To finance a possible tax rate cut, some in Congress are eyeing the provision, which allows sellers to defer capital-gains taxes by reinvesting in other properties.
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U.S. Commercial Mortgages Oustanding Reach Record $3 Trillion–MBA
Reuters, June 13, 2017--Richard LeongU.S. commercial real estate loans outstanding topped $3 trillion for the first time ever at the end of the first quarter, the Mortgage Bankers Association said on Tuesday.
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Will Robots Eventually Replace Most of Your Mortgage and Real Estate Jobs?
HousingWire, June 12, 2017--Jacob GaffneyAccording to a website, called Will Robots Take My Job?, developed by Mubashar Iqbal and designed by Dimitar Raykov, robots will indeed take over. By some estimations, millions of jobs are at risk across the nation. And this appears especially true for many mortgage and real estate jobs.
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These Cities Have Too Many Stores, and They’re Still Building
Bloomberg, June 12, 2017--Patrick Clark, Dorothy GambrellAcross the U.S., retail real estate development that outpaced demand marked the early years of the new millennium. Now retailers are going bankrupt at a record rate, and hedge funds are betting against the commercial mortgages used to finance mall properties.
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Mortgage Bankers Association Names Stoffers as Vice Chair for 2018
Financial Regulation News, June 8, 2017The Mortgage Bankers Association nominated Brian Stoffers, global president, debt and structured finance at CBRE, to be its vice chairman for the 2018 membership year.
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News and Trends
Mixed Conditions in Small-Cap CRE
Small-cap commercial real estate conditions were "mixed" during the first quarter, reported Boxwood Means, Stamford, Conn.
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MBA Commercial/Multifamily Real Estate Finance Priorities
Commercial and multifamily real estate finance professionals will visit Washington, D.C. next week to present the 2017 Mortgage Bankers Association Policy Priorities to policymakers during the MBA National Advocacy Conference.
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Midwest Leads Single-Family Rental Yields
The highest yielding single-family rental markets in the first quarter were older Midwestern metro areas, RentRange Data Services and HomeUnion reported.
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Property Prices Slip in May But Up Year-Over-Year
Commercial property prices declined slightly in May, but remain higher than a year ago, according to several reports.
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CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
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RCLCO: Market Approaching ‘Late Stable’ Stage
Commercial real estate is in or nearing a "late stable" stage for most property types in most geographies, reported consulting firm RCLCO, Los Angeles.
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MBA Weighs in on Flood Insurance Bills
Ahead of a series of votes on several House bills addressing flood insurance, the Mortgage Bankers Association sent a letter to members of the House Financial Services Committee expressing support for some measures but raising concern over others.
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MBANow: Jamie Woodwell on Commercial Real Estate Trends
The Mortgage Bankers Association released a new MBANow video featuring MBA Vice President of Commercial Real Estate Research Jamie Woodwell, who discusses recent commercial mortgage market trends.
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Commercial/Multifamily Briefs
Freddie Mac, McLean, Va., priced its SB32 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust.
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Mixed Conditions in Small-Cap CRE
Small-cap commercial real estate conditions were "mixed" during the first quarter, reported Boxwood Means, Stamford, Conn.
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Property Prices Slip in May But Up Year-Over-Year
Commercial property prices declined slightly in May, but remain higher than a year ago, according to several reports.
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Mixed Conditions in Small-Cap CRE
Small-cap commercial real estate conditions were "mixed" during the first quarter, reported Boxwood Means, Stamford, Conn.
Full Story
Property Prices Slip in May But Up Year-Over-Year
Commercial property prices declined slightly in May, but remain higher than a year ago, according to several reports.
Full Story