New York Times, June 8, 2023-Kalia RichardsonAs more workers convert their living rooms and bedrooms to home offices, more commercial spaces are left vacant. The evolving work space is one …
Category: Top National News
Affordable Housing Bill Vetoed by Colorado Governor, Sparking Backlash From Legislators
SmartCitiesDive, June 8, 2023-Michael BradyA Colorado bill that would have given local governments a tool to create affordable housing from residential or mixed-use multifamily properties for sale was vetoed by …
The Housing Scene: Pay Cash or Extend the Loan Term?
Banker & Tradesman Jun 8, 2023–Lew SichelmanCash is always king. But if that’s not an option, is a 40-year mortgage a good way for homebuyers to jump over the affordability …
Renters By Choice Lead Urban Return
Multi-Housing News, June 7, 2023–Lew SichelmanColumnist Lew Sichelman discusses changing preferences for senior renters showcased at the National Association of Real Estate Editors.bit.ly/3J7qZ9d
The Long Road to Accommodating EVs
CommercialSearch, June 7, 2023–Lew SichelmanAs the electric vehicle industry is growing, commercial real estate owners and developers are grappling with what to build and where.https://www.commercialsearch.com/news/accommodating-evs-has-a-long-way-to-go/
A Shift in Strategy? Rocket Mortgage Looks to Hire Local LOs
HousingWire, June 8, 2023–Connie Kim (subscription)Rocket Mortgage is looking to hire local loan officers at a time when the industry remains heavily reliant on the purchase market.https://www.housingwire.com/articles/a-shift-in-strategy-rocket-mortgage-looks-to-hire-local-los/?
The Next Crisis Will Start With Empty Office Buildings
The Atlantic, June 7, 2023-Dror Poleg“I’m about to cancel all my Zoom meetings.” It was May 2021, and Jamie Dimon had had enough. The JPMorgan Chase CEO expected that “sometime …
S.F.’s Hotel Pain Could Spread as More Than 30 Owners Face Mortgage Deadlines
San Francisco Chronicle, June 7, 2023-Roland Li (subscription)Park Hotels & Resorts’ plan to surrender ownership of two of San Francisco’s biggest hotels reflects the city’s slow tourism recovery and the …
Prepayment Speeds Were Up 22% in May on Seasonality
National Mortgage News, June 7, 2023-Brad Finkelstein (subscription)Mortgage-backed securities prepayment speeds increased 22% month-to-month in May, but that was largely due to seasonality related to traditional spring buying activity, a …
Vermont Housing Bill Becomes Law, Easing Rules for Some New Construction Amid Home Shortage
Vermont Public, June 6, 2023-Peter HirschfeldGov. Phil Scott has signed legislation that he says will ease the state’s housing shortage by “modernizing” the local and statewide land-use regulations that he’s …