Wall Street Journal, Aug. 8, 2023–Peter Grant (subscription)Some of the biggest names in commercial real-estate lending have all but turned off the spigot. Blackstone Mortgage Trust and KKR Real Estate …
Category: Top National News
A Real-Estate Haven Turns Perilous With Roughly $1 Trillion Coming Due
The Wall Street Journal, Aug. 7, 2023-Konrad Putzier and Will Parker (subscription)Apartment buildings, long considered a real-estate haven, are emerging as the next major trouble spot in the beleaguered commercial-property …
Exuberant Homebuilder Rally Runs Counter to Housing Market Woes
Bloomberg News, Aug. 7, 2023-Norah Mulinda and Carly WannaThe seemingly unstoppable rally in homebuilding stocks may face a few potential roadblocks ahead.https://www.bloomberg.com/news/articles/2023-08-07/exuberant-homebuilders-rally-runs-counter-to-housing-market-woes#xj4y7vzkg
Property Loans Are So Unappealing That Banks Want to Dump Them
Bloomberg News, Aug. 7, 2023-Natalie WongBanks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.https://www.bloomberg.com/news/articles/2023-08-07/property-loans-are-so-unappealing-that-banks-want-to-dump-them#xj4y7vzkg
Zillow Is Partnering With One of Its Biggest Rivals. Here’s Why
The Dallas Morning News, Aug. 7, 2023-Mitchell Parton (subscription)Zillow Group is teaming up with another major home-listing service as buyers shift toward newly built homes, lacking many other options.https://www.dallasnews.com/business/real-estate/2023/08/07/zillow-is-partnering-with-one-of-its-biggest-rivals-heres-why/
Housing ‘Extras’ Add Up
Banker & Tradesman, Aug. 6, 2023–Lew SichelmanHomebuyers who focus solely on the cost of their mortgage’s interest and principal are doing themselves a disservice. There are other recurring costs that …
Multifamily Insurance Rates Are Up as Much as 28%
GlobeSt.com, Aug. 07, 2023–Erik ShermanHigher financing costs are not the only fiscal strain on CRE in general and multifamily specifically. Operating expenses have risen sharply and are unlikely to recede …
In Search Of: A New FHLBank San Francisco Chief Executive
Weekly Real Estate News, Aug. 4, 2023–Phil HallThe Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has formed a search committee to identify a new president and CEO …
A Real Estate Haven Turns Perilous With $1 Trillion Coming Due
Wall Street Journal, Aug. 7, 2023–Konrad Putzier, Will Parker (subscription)Apartment buildings, long considered a real-estate haven, are emerging as the next major trouble spot in the beleaguered commercial-property world. (MBA …
Where Are All the Home Listings? Some are Selling Before Hitting MLS
Orange County Register, Aug. 6, 2023–Jeff LazersonOut of 68,175 sales in five Southern California counties, 4,053 or 5.9% were on the market for less than a day.https://www.ocregister.com/2023/08/03/where-are-all-the-home-listings-some-are-selling-before-hitting-mls/