Wall Street Journal, Aug. 2, 2023-Liz Young (subscription)Warehouse rental prices across the U.S. have never been as high as they were in the second quarter, when the average asking rent …
Category: Top National News
Why Utility and Real Estate Stocks Are Losing Their Appeal
Wall Street Journal, Aug. 3, 2023-Karen Langley (subscription)It’s not a great day for real estate and utilities stocks.https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-03-2023/card/why-utility-and-real-estate-stocks-are-losing-their-appeal-im3UZVGx75W0ksF74toT?
Office Vacancies Drive Up Delinquencies in Commercial Real Estate
Wall Street Journal, Aug. 2, 2023-Ben Foldy (subscription)Distress is continuing to build in commercial real estate as offices struggle with vacancies.https://www.wsj.com/livecoverage/stock-market-today-08-02-2023/card/office-vacancies-drive-up-delinquencies-in-commercial-real-estate-Q9vMAszczcxEs7ctsU3J?
Lenders Worried About Rent-Control Prospects in Government-Backed Loans
The Business Journals, Aug. 2, 2023-Andy Medici Lenders are worried that a recent request for input from the Federal Housing Finance Agency could result in new and burdensome requirements. https://www.bizjournals.com/baltimore/news/2023/08/02/lenders-push-back-rent-control-multifamily.html
MBA’s Marina Walsh on Mortgage Origination Profitability and Forecasts
HousingWire, Aug. 3, 2023-Clayton Collins On today’s episode, HW Media’s CEO Clayton Collins sits down with an industry figurehead who leads analysis, surveying and forecasting for the Mortgage Bankers Association: Marina …
Fitch Downgrades Mortgage Giants Fannie and Freddie From AAA to AA+
CNN, Aug. 2, 2023-Anna BahneyThe credit ratings of US mortgage giants Freddie Mac and Fannie Mae were downgraded by Fitch Ratings on Wednesday, the day after Fitch cut the U.S. …
Mortgage Rates Approach 7%
Wall Street Journal, Aug. 3, 2023-Gina Heeb (subscription)Mortgage rates inched up closer to 7%, reaching the highest level since mid-July.https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-03-2023/card/mortgage-rates-approach-7–8GKz3d0YYzBxkL29WGR5
Lenders Worry About Rent Control After Agency’s Tenant-Protection Ask
Austin Business Journal, Aug. 2,2023–Andy Medici (subscription)Lenders are pushing back on a federal agency’s request for ways to boost tenant protections and what they worry could be the possibility of …
Why So Many Americans Feel Trapped in Their Homes by Their Low-Rate Mortgages
CNBC, Aug. 2, 2023–Jessica DicklerThe recent spike in mortgage rates has created a so-called golden handcuff effect. Nearly 82% of homeowners feel “locked-in” by their existing low-rate mortgage, according to …
Hong Kong’s Property Market Is a Mess—and the Fed Is Partly to Blame
Wall Street Journal, Aug. 2, 2023–Elaine Yu (subscription)U.S. interest rate increases have tamed inflation at home but caused pain elsewherehttps://www.wsj.com/articles/hong-kongs-property-market-is-a-messand-the-fed-is-partly-to-blame-22ac7ebe?