Commercial Observer, Aug. 3, 2020–Mack BurkeForeign capital providers have a renewed appetite for U.S. real estate, but COVID-19’s offering of limited good opportunities is changing the way they compete. (subscription)https://commercialobserver.com/2020/08/dont-forget-about-u-s-hungry-foreign-capital-in-the-covid-19-era/
Category: Top National News
Don’t Forget About U.S.: Hungry Foreign Capital in the COVID-19 Era
Commercial Observer, Aug. 3, 2020–Mack BurkeForeign capital providers have a renewed appetite for U.S. real estate, but COVID-19’s offering of limited good opportunities is changing the way they compete. (subscription)https://commercialobserver.com/2020/08/dont-forget-about-u-s-hungry-foreign-capital-in-the-covid-19-era/
Nashville Will Give $10 Million in Rent and Mortgage Payments to Residents in Need
Nashville Tennessean, Aug. 3, 2020–Sandy MazzaA Metro Nashville committee charged with distributing $121 million in federal funds made rent and mortgage assistance one of its first orders of business.https://www.tennessean.com/story/money/2020/08/03/nashville-give-10-million-rent-mortgage-help-residents-need-covid-19-strains-budgets/5574868002/
Reverse Mortgage Market ‘Stronger Than Ever,’ July Data Shows
Reverse Mortgage Daily, Aug. 3, 2020–Chris ClowThe production of new Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) totaled approximately $1.42 billion in July as continuing capital markets recovery and low …
Multifamily Lending Hit $364.4bn in Total Originations in 2019
Mortgage Professional America, Aug. 3, 2020–Candyd MendozaMortgage originations of multifamily properties hit a record high in 2019, driven by a combination of strong fundamentals, rising property values, and low interest …
Remote Work Is Here to Stay. Bosses Better Adjust
Wall Street Journal, Aug. 2, 2020–Robert SuttonEven when the pandemic ends, many employees will continue to work from home. Here’s how managers can make sure those workers stay productive–without burning …
Mortgage Outlook: Recession Presses Down on August Rates
MSN, Aug. 3, 2020–Holden LewisMortgage rates are likely to set record lows in August for the third month in a row.https://www.msn.com/en-us/money/realestate/mortgage-outlook-recession-presses-down-on-august-rates/ar-BB17vv0T
State Can Now Revoke Real Estate Licenses for Discriminatory Practices
The Real Deal, Aug. 03, 2020–Erin HudsonNew York regulators now have the power to revoke real estate licenses if agents or brokers are found to have violated anti-discrimination laws.https://therealdeal.com/2020/08/03/state-can-now-revoke-real-estate-licenses-for-discriminatory-practices/
Plummeting Mortgage Rates Afford Buyers $32,000 More For a Home
National Mortgage News, Aug. 03, 2020– Paul CentopaniAs mortgage rates fluttered above and below 3% in July, homebuyers received their biggest boost in affordability in three-and-a-half years, according to Black …
Retail Rents Plummet Across New York City as America’s Glitzy Shopping Districts Turn Into Ghost Towns
CNBC, Aug 3, 2020–Lauren ThomasAmerica’s most expensive shopping districts are losing tenants and rents are in a free fall. Average asking rents along 16 major retail corridors in Manhattan declined …