Miami Herald, July 3, 2024–Lew SichelmanBuilders are coming out with smaller houses, but are they small enough for the market?Click here for more
Category: Top National News
This Is the Most Overvalued Housing Market in the US
Globe St., July 3, 2024-Kristen SmithbergDetroit is now the most overpriced housing market in the United States, edging out Atlanta, which held the spot for more than a year.Click here …
Apartments Are Growing in Size. Here’s Where They’re Largest.
The New York Times, July 3, 2024-Matt YanTiny homes are being built across the country, and novel approaches to living small are being explored around the globe. For much of …
U.S. Banks’ Commercial Real Estate Loan Worries Linger After Latest Tumble
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 …
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 …
