Newsweek, March 4, 2024-Giulia CarbonaroSales of condos in Florida have dramatically fallen in recent weeks, even as prices dropped in some of its major metros and the number of “motivated” …
Category: Top National News
Why It’s Not All Doom and Gloom for Commercial Real Estate
CNN, March 4, 2024-Nicole GoodkindAfter decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall.Click here for more
Multifamily’s Bounce Back Will Be Sharpest in These Markets
Globe St., March 4, 2024-Erik ShermanIt’s not quite “Don’t Worry, Be Happy,” but a new note from CBRE emphasizes that multifamily problems will eventually end. “Markets are never static and …
MBA Gives Backing to Loan Repurchase Efforts
MPA, March 4, 2024-Abigail AdriaticoMortgage Bankers Association (MBA), the association that represents the real estate finance industry, has applauded efforts by Fannie Mae and Freddie Mac to address requests for …
Watch Out for ‘Gotcha’ Clauses in Homebuyer Representation Contracts
Banker & Tradesman, March 3, 2024–Lew SichelmanWould you pay a 9 percent commission to buy a house? It’s conceivable, if you’re not careful. If you sign a contract with an …
America’s Apartment Buildings Are Getting Bigger and Taller
Wall Street Journal, March 4, 2024–Will ParkerMore new rental apartments are coming to the market than at any time since the 1980s. Really big buildings are a major reason why.Click …
Signs of Trouble at Regional Banks Reignite Sector Fears
The Wall Street Journal, March 1, 2024-Gina HeebBank stocks dropped Friday, led by a 23% decline in New York Community Bancorp after more signs of trouble at that lender and …
MBA Opposes FHA Program Extention
MPA, March 1, 2024-Candyd MendozaThe Mortgage Bankers Association (MBA) has voiced opposition to the extension of the Federal Housing Administration (FHA) and Federal Financing Bank (FFB) Risk Sharing program, calling …
High Mortgage Rates Leave Biden Searching for Housing Relief
The New York Times, March 1, 2024-Jim TankersleyPresident Biden and his economic team, concerned that elevated mortgage rates and housing costs are hurting Americans and hindering his re-election bid, are …
Manhattan Office Market Sees Record-High Availabilities in February
Crain’s New York, March 1, 2024-Eddie SmallThe first two months of the year have not been great for Manhattan’s beleaguered office market, with the availability rate for the borough hitting …