Wall Street Journal, July 25, 2023-Sylvan Lebrun (subscription)TOKYO—Office building investors are in full retreat from most U.S. cities. Some are finding a haven in Japan, where most workers have returned …
Category: Top National News
Self-Storage Rents Fall Record Amount as Pandemic Boom Cools
Wall Street Journal, July 25, 2023-Maggie Eastland (subscription)Self-storage facilities, which boomed during the height of the COVID-19 pandemic, are cutting rents by record levels.https://www.wsj.com/articles/self-storage-rents-fall-record-amount-as-pandemic-boom-cools-609f6169
U.S. Consumer Confidence Jumps to Two-Year High as Inflation Eases
Associated Press, July 25, 2023–Paul WisemanU.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience …
Rate Hike Expected By Feds, Raising Mortgage Market Questions
National Mortgage Professional, July 25, 2023-Christine Stuart There seems to be widespread consensus that the Federal Reserve’s Open Market Committee will put forth a 25-basis point rate hike this Wednesday, …
S.F. Tries to Spur Housing Development by Reducing Fees and Affordable Unit Requirements
San Francisco Chronicle, July 25, 2023-J.K. Dineen (subscription)The San Francisco Board of Supervisors appears set to slash affordable housing requirements and lower or delay a slew of associated fees in …
IMF Raises Global Growth Forecast
CNBC, July 25, 2023–Silvia AmaroIn the latest update to its World Economic Outlook, the IMF raised its 2023 global growth prediction by 0.2 percentage points to 3%, up from 2.8% …
What Needs to Happen to Fix the Housing Market? Experts Have Some Suggestions
The Hill, July 25, 2023–Adam BarnesHomebuyers are staying on the sidelines as housing prices hit record levels and homebuilding and rental supply isn’t keeping up with the demand.https://thehill.com/business/4116318-what-needs-to-happen-to-fix-the-housing-market-experts-have-some-suggestions/
Home Prices Tell a Story. It Doesn’t Match the Numbers.
Barrons, July 24, 2023–Shaina Mishkin (subscription)There’s good reason to look past a closely-watched index’s expected year-over-year slump when it’s published on Tuesdayhttps://www.msn.com/en-us/money/realestate/home-prices-tell-a-story-it-doesn-t-match-the-numbers/ar-AA1eis35?
Opinion: How Bank Failures May Soon Impact Non-Bank Lenders
National Mortgage News, July 24, 2023–Kevin Wilzbach (subscription)The rapid collapse of SVB, Signature and First Republic in less than 60 days came as a shock to the banking ecosystem. These …
Hedge Funds Brawl Over Battered Commercial Real Estate
Wall Street Journal, July 23, 2023-Matt Wirz (subscription)Big fund managers that specialize in distressed investing have eagerly watched the yearlong selloff in commercial real estate. Now, they are snapping up …