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Group Newslink: MBA Commercial/Multifamily NewsLink June 30 2022

Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx. For more information, click here.

Record Home Prices Force Prospective Buyers to Rent
Wall Street Journal, June 28, 2022–Will Parker and Nicole Friedman (subscription)Steeper borrowing rates and high prices in the housing market are leading many buyers to give up. That is welcome …

Exclusive: New FHA Head Details Plans For More Affordable Housing And Foreclosure Prevention
Forbes magazine, June 28, 2022–Natalie Campisi, Rachel WitkowskiNewly elected Federal Housing Administration commissioner Julia Gordon is on a mission to help people access and retain affordable housing. But record-high home …

Rural Counties Are Booming, but Can It Last?
Wall Street Journal, June 28, 2022–Sarah Chaney Cambon and Andrew Mollica (subscription)The pandemic and the work-from-home movement sparked an economic resurgence in sparsely populated areas as workers fled big cities.https://www.wsj.com/articles/rural-counties-are-booming-pandemic-back-to-office-work-from-home-11656423785?

Six-Building Manhattan Multifamily Portfolio Sells For $1.75B, A Post-COVID-19 Pandemic Record
Benzinga, June 28, 2022–Phil HallA multifamily real estate portfolio consisting of six Manhattan apartment buildings has sold for $1.75 billion, the greatest sales level since the COVID-19 pandemic began.https://www.benzinga.com/news/22/06/27885618/six-building-manhattan-multifamily-portfolio-sells-for-1-75b-a-post-pandemic-record

Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx. For more information, click here.

A Looming Recession Could Force More Employees to Come Back to the Office–or Never Return
Marketwatch.com, June 28, 2022–Jon SwartzThe threat of recession amid a shrinking economy may force a return to the office for employees. Or the end to the office as we know …

Consumers Are Feeling Less Confident About the U.S. Economy as Prices Keep Rising
CNN Business, June 28, 2022–Alicia WallaceUS consumer confidence continues to sour in the face of high gas and food prices and rising recession risks, according to new data released Tuesday …

The Industrial Sector Is Flourishing in Every Corner of the U.S.
GlobeSt.com, June 28, 2022–Kelsi Maree BorlandFor more than a decade, industrial product has been one of the best performing commercial real estate asset classes, vying neck-and-neck with multifamily for top …