Commercial Observer, June 20, 2023-David M. LevittBy the numbers, it’s understandable: More owners of office buildings that aren’t cutting it in these hybrid times are converting their properties, and industrial …
Category: Top National News
CRE Transactions Have Crashed 70% Year Over Year
GlobeSt, June 20, 2023-Erik ShermanA new Green Street report by managing director Daniel Ismail and analyst Harsh Hemnani digs into commercial real estate transactions of $5 million or more. As …
MBA Reveals What’s Happening With Mortgage Applications
MPA Mag, June 20, 2023-Rommel LontayaoMortgage applications for new home purchases went up by 16.6% in May compared to a year ago and increased by 8% from the previous month, …
Good News for Tax Delinquents: The Supreme Court Just Made a Ruling in Their Favor
Yahoo News, June 20, 2023–Lew SichelmanEvery homeowner pays property taxes. At least, they should. But sometimes, people can’t — or won’t — pay the piper, and the tax collector comes …
Wall Street Sours on America’s Downtowns
Wall Street Journal, June 20, 2023–Heather Gillers (subscription)The pessimism from investors who bet on office buildings and mass transit can be seen in market signals that are flashing redhttps://www.wsj.com/articles/cities-real-estate-bonds-taxes-c6736f8b?
Flooding Hits American Towns Far From Oceans and Big Rivers
Wall Street Journal, June 19, 2023-By Arian Campo-Flores and Cameron McWhirter (subscription)The unprecedented storms in the mountains of eastern Kentucky last summer illustrated a growing and often overlooked threat that …
Top US Regulators Flag Increasing Commercial Real Estate Risks
Bloomberg, June 16, 2023-Christopher CondonThe top US financial regulators say they are stepping up scrutiny of how exposed banks are to commercial real estate, as vacancy rates increase.https://www.bloomberg.com/news/articles/2023-06-16/top-us-regulators-flag-increasing-commercial-real-estate-risks#xj4y7vzkg
Middle-Class Homebuyers Face the Worst Housing Shortages, Survey Finds
Yahoo! Finance, June 17, 2023-Rebecca ChenThe housing shortage is hitting middle-income homebuyers hardest.https://finance.yahoo.com/news/middle-class-homebuyers-face-the-worst-housing-shortages-survey-finds-140036226.html
CFPB Commits to Streamlining Servicing Rules
National Mortgage News, June 16, 2023–Bonnie Sinnock (subscription)Some of the consumer protection regulations that govern how mortgage companies offer borrowers home-retention options will be simplified in line with responses to …
Rent Inflation Creating an ‘Emergency For Many People’: Economist
Yahoo Finance, June 16, 2023Inflation in rent prices is putting many households at risk of falling into financial instability. Zillow Chief Economist Skylar Olsen breaks down where inflation and elevated …