The Daily Yonder, Sept. 28, 20222–Joe BeldenIn the world of affordable housing, rural concerns often do not get much attention. But in recent months on May 25 and September 20, …
Category: Top National News
Cities Push to Convert Deserted Office Buildings Into Housing
Axios, Sept. 28, 2022–Kate MarinoCities and states across the country are looking to transform vacant office buildings into housing — a solution for both empty downtowns and housing shortages.https://www.axios.com/2022/09/28/office-buildings-housing-cities-work-downtown-reuse
Fannie Mae Launches Rent Payment Reporting Pilot Program
HousingWire, Sept. 27, 2022–James KleimannFannie Mae on Tuesday launched a pilot program to help renters of multifamily properties build their credit histories and improve their credit scores.https://www.housingwire.com/articles/fannie-mae-launches-rent-payment-reporting-pilot-program/
10-Year Treasury Yield Hits 4%
Wall Street Journal, Sept. 28, 2022–Sam Goldfarb and Matt Grossman (subscription)U.S. borrowing benchmark has climbed at its fastest pace in four decades, driven by inflation fears. The 10-year Treasury yield …
Housing Market Stocks Give Up Gains as Another Jump in Bond Yields Takes Shine Off Strong Data
Dow Jones, Sept. 27, 2022–Tomi KilgoreShares of companies in the real estate services and home building space backed way off their intraday highs on Tuesday, as another surge in Treasury …
New York City’s Empty Offices Reveal a Global Property Dilemma
Bloomberg News, Sept. 25, 2022–Natalie Wong, John Gittelsohn and Noah BuhayarIn the heart of midtown Manhattan lies a multibillion-dollar problem for building owners, the city and thousands of workers. Blocks …
Is the Industrial Market Ready for a Reshoring Wave?
GlobeSt.com, Sept. 22, 2022–Paul BergeronAs the advantages continue to erode for U.S. manufacturers operating in low-cost countries, interest in reshoring and near-shoring continues to climb. This is especially true in …
Commercial Mortgage Debt Rises by Nearly $100B in Q2
Connect CRE, Sept. 27, 2022–Paul BubnyCommercial/multifamily mortgage debt outstanding increased by $99.5 billion, or 2.3%, in the second quarter of 2022, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage …
Fed’s Evans Sees Interest Rates at 4.25-4.5% by Year End
Reuters, Sept. 27, 2022–Lindsay Dunsmuir and Catherine EvansThe U.S. Federal Reserve will need to raise interest rates by at least another percentage point this year, Chicago Fed President Charles Evans …
Mortgage Rates Surge a Quarter-Point to 6.29%
U.S. News & World Report, Sept. 26, 2022–Erika GiovanettiMortgage rates surged higher yet again this week on the heels of the Federal Reserve’s latest rate hike, according to Freddie Mac. …