Bloomberg, May 18, 2023–Laura Nahmias, Natalie Wong, Dayana MustakOffice vacancies in New York City reached a record 22.7% this year, after decades of an average rate that never surpassed 11% …
Category: Top National News
More Disclosures on Fannie Mae, Freddie Mac Fees Needed: House Hearing
National Mortgage News, May 18, 2023–Bonnie Sinnock (subscription)The latest revision to the Federal Housing Finance Agency’s recent pricing changes has addressed some concerns around them but they still bear scrutiny, …
Bank Failures Curb Home Equity Originations In 2023
National Mortgage Professional, May 18, 2023–David KrechevskyAfter surging to a post-financial-crisis high last year, home-equity originations have fallen back in 2023, mostly due to the tightening of credit in the …
Sam Zell, Legendary Real-Estate Investor, Dies at 81
Wall Street Journal, May 18, 2023–Tali Arbel, Colin Kellaher (subscription)Storied real-estate investor Sam Zell, who made a fortune buying distressed commercial properties, has died. He was 81.https://www.wsj.com/articles/legendary-real-estate-investor-sam-zell-dies-bbc5bde9?mod=hp_lead_pos10
SFR/BFR Lending Sees More Conservative Terms
The Crittenden Report, May 18, 2023–Sarah HavlenaSingle-family rental (SFR) and build-for-rent (BFR) properties have both been super-hot the last few years. The pandemic especially pushed demand for these property types …
U.S. Rental Market Growth Slows to Near-Stagnation
WRE News.com, May 18, 2023–Phil HallThe U.S. rental market experienced single-digit growth for the ninth consecutive month in April, according to new data from Realtor.com. Last month saw the slowest …
Deliveries to GSEs Increase in April
Inside Mortgage Finance, May 18, 2023–Dennis HollierDeliveries of single-family mortgages to the government-sponsored enterprises in April were up 13.3% on a monthly basis to $48.54 billion, according to a new …
Mortgage Rates Edge Higher, Further Adding to Housing’s Challenges
Yahoo!Finance, May 18, 2023–Gabriella Cruz-MartinezThe average rate on the 30-year fixed mortgage increased to 6.39% this week from 6.35% the week prior, Freddie Mac found. The rate has stayed above …
Potential Debt Default Could Make Housing Market More Volatile
WSAZ (West Virginia) May 18, 2023–Lesya FeinsteinThe deadline is quickly approaching to make a decision about the fate of the nation’s debt ceiling. This impacts many parts of the economy, …
The Model for Transforming Downtowns Isn’t Manhattan. It’s This City.
Washington Post , May 18, 2023–Editorial BoardThe numbers were dire: Offices in Calgary, Alberta were more than 30 percent vacant. There weren’t just empty floors; there were empty towers. City …