Reuters, July 3Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest …
Category: Top National News

More Data Centers, Please!
Commercial Property Executive, July 3, 2024–Patricia KirkThe skyrocketing need for computing capacity is driving up investor demand.Click here for more

Mortgage Rates Rise on Economic Uncertainty
National Mortgage News, July 3, 2024-Brad FinkelsteinMortgage rates increased this past week, as Treasury yields increased most of the week on economic uncertainty, although Wednesday morning news drove those lower …

U.S. Mortgage Rates Push Back Above 7%, Slowing Financing Activity
Bloomberg News, July 3, 2024-Vince GolleU.S. mortgage rates climbed back above 7% last week, driving a decline in applications to finance home purchases.Click here for more (subscription)

Mortgage Borrowing Slows for First Time in Four Weeks
National Mortgage News, July 3, 2024–Spencer LeeApplications for new home loans hit an early-summer lull, dropping for the first time in a month, according to the Mortgage Bankers Association.Click here …

Powell Talks Up Progress, Putting Rate Cuts Back Into View
Wall Street Journal, July 2, 2024–Nick TimiraosFederal Reserve Chair Jerome Powell said he was pleased with how inflation had resumed a downtrend following a rebound at the start of the …

A Luxury Makeover Awaits One of America’s Oldest Shopping Centers
The Wall Street Journal, July 2, 2024-Kate KingA Texas developer is spending $275 million on one of America’s oldest shopping centers, betting that he can tap in to booming demand …

CFPB, FHFA Release Updated Mortgage Originations Survey Data
HousingWire, July 2, 2024-Chris ClowThe Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) this week released updated loan-level data collected through the National Survey of Mortgage …

Pandemic Boom Towns Teetering on Housing Bust
Globe St., July 2, 2024-Kristen SmithbergSome of the hottest housing markets to emerge from the pandemic are beginning to show signs of a shift. A plummeting Airbnb market and skyrocketing …

Economist Snapshot: What the Latest Inflation Numbers Mean for Commercial Real Estate
Urban Land magazine (ULI), July 2, 2024–Beth Mattson-TeigUrban Land interviewed five economists, James Bohnaker, Victor Calanog, Ryan Severino, K.C. Conway and Sam Chandan, about the economy and commercial real estate …