Wall Street Journal, July 3, 2023–VideoWith housing in short supply, developers are converting more empty offices into apartments. But not all buildings are candidates for reuse, even as more than …
Category: Top National News
Home Prices Are Down Only Slightly From Their Peak: Report
The Hill, June 30, 2023-Adam BarnesHome prices cooled only marginally in June, falling just 1 percent from their peak last year, according to a new report.https://thehill.com/business/4076014-home-prices-are-down-only-slightly-from-their-peak-report/
Office Spaces Drive Delinquency Rates for Commercial Real Estate Sector
Wall Street Journal, June 30, 2023-Ben Foldy (subscription)The delinquency rate for commercial mortgage-backed securities hit a 15-month high of 3.9% in June as big borrowers struggled to make payments on …
Florida’s New Housing Law Encourages Housing Development Outside Urban Cores
Commercial Observer, June 30, 2023-Chava GourarieOne of the least controversial bills to come out of Florida’s legislative session this year was the Live Local Act, addressing the state’s stratospheric housing …
Higher Mortgage Application Payments Dampen Affordability Conditions
MPA, June 30, 2023-Candyd MendozaMortgage borrowers faced more affordability hurdles in May as loan application payments continued to creep higher, according to the Mortgage Bankers Association (MBA).https://www.mpamag.com/us/mortgage-industry/market-updates/higher-mortgage-application-payments-dampen-affordability-conditions/451203
Home Equity Lending Cools in First Quarter
Inside Mortgage Finance, June 30, 2023–Brandon Ivey (subscription)The volume of new home equity line of credit commitments and closed-end second liens originated in the first quarter of 2023 declined by …
U.S. Median Home Price in First Year-Over-Year Decline Since 2017
Weekly Real Estate News, June 30, 2023–Phil HallThe U.S. median home listing price was down by 0.9% year-over-year, according to data from Realtor.com. This marked the first yearly decline since …
How Scared Should You Be About Commercial Real Estate?
Wall Street Journal, June 30, 2023–James Mackintosh (subscription)So far, we haven’t had any sort of doom loop. Prices are down thanks to higher interest rates—as is normal—combined with the twin …
Opinion: Why the Commercial Real Estate Crisis May Not be as Bad as You Think
Washington Post, June 29, 2023–Natasha SarinNot all commercial real estate is created equal. This is a broad category, and it includes loans on office, apartment, retail and industrial buildings such …
‘There Are So Many Myths’: The Truth About V.A.-Backed Mortgages
Wall Street Journal, June 29, 2023-Robyn A. Friedman (subscription)Many real estate agents believe that V.A. loans take longer to close than conventional ones and that V.A. purchasers lack financial stability …