GlobeSt.com, July 6, 2023–Philippa MaisterOnshoring is the new buzzword for international trade following the disruptions caused by the Covid pandemic. But is onshoring going to be the dynamic stimulus for …
Category: Top National News
Fannie Mae, Freddie Mac Update Condo and Co-Op Unit Policies
National Mortgage News, July 6, 2023–Bonnie Sinnock (subscription)Fannie Mae on Wednesday released criteria for loans on apartments within condominiums and cooperatives that will replace stop-gap measures for buildings with significant …
Manhattan’s Office Vacancy Level at New Record High
Weekly Real Estate News, July 6, 2023–Phil HallManhattan’s office property market broke a record in the second quarter, with a new high of 70 million square feet of available space.https://wrenews.com/manhattans-office-vacancy-level-at-new-record-high/?
Rates Approach 7% as Economy Holds Strong
Bankrate.com, July 6, 2023–Jeff OstrowskiIn a good sign for the resilience of the U.S. economy but a bad omen for mortgage rates, an official reading of gross domestic product came …
Canada’s Financial Watchdog Releases Guidelines to Give Mortgage Holders Tailored Support
Reuters, July 5, 2023–Nivedita BaluCanada’s financial watchdog on Wednesday released new guidelines for lenders aimed at protecting mortgage holders facing high borrowing costs or who are at the risk of …
Commercial Real Estate Finds a Rare Bright Spot by Campuses
Wall Street Journal, July 5, 2023-Maggie Eastland (subscription)Many office buildings sit mostly empty. Once-soaring apartment-rent growth has slowed and is falling in some places. But housing geared to college students …
FHA Urged To Modify Proposed Loss-Mitigation Plan
National Mortgage Professional, July 5, 2023-David KrechevskyThe Federal Housing Administration (FHA) on May 31 proposed a new home-retention option to help struggling homeowners meet their mortgage obligations.https://nationalmortgageprofessional.com/news/fha-urged-modify-proposed-loss-mitigation-plan
Commercial Property Fears Create Opportunities, Blackstone Real Estate Co-Head Says
Bloomberg, July 5, 2023-Jack SiddersFears over turbulence in commercial real estate is creating opportunities for well-capitalized investors, according to Blackstone Inc. co-head of global real estate Kathleen McCarthy.https://www.bloomberg.com/news/articles/2023-07-05/real-estate-fear-creates-opportunities-blackstone-co-head-says
Gov. McKee Signs Statewide Housing Development Package
ABC 6, July 5, 2023-Gino DeAngelisGov. Dan McKee held a ceremonial bill signing Wednesday for five bills aimed at spurring housing development across Rhode Island.https://www.abc6.com/gov-mckee-signs-statewide-housing-development-package/
40 Years Later, AI Finally Finds Housing
National Mortgage Professional magazine, July 2023–Lew Sichelman (article starts on Page 10)AI is all the rage right now. And it’s moving rapidly into the housing sector. But it is certainly …