South Florida Sun-Sentinel, Sept. 27, 2022–Amber Bonefont (subscription)Homebuyers have lost six figures in buying power over the past year due to soaring mortgage rates. It’s the equivalent of about $140,000, …
Category: Top National News
3 Charts to Ease Fears We’re Repeating the Housing Bubble: Morning Brief
Yahoo Finance, Sept. 27, 2022–Sam RoMortgage rates have surged to their highest level since October 2008. Meanwhile, Tuesday’s release of the FHFA House Price Index and S&P CoreLogic Case-Shiller Home …
Remote Work Drove Over 60% of Housing Prices, Federal Study Finds
Bloomberg News, Sept. 26, 2022–Catarina SaraivaThe shift to working from home drove more than half of the increase in house and rent prices during the pandemic and will likely drive …
The Fed Says the Housing Market Needs a ‘Correction.’ What Does That Mean?
Money magazine, Sept. 26, 2022–Pete GrieveThe Fed is hiking interest rates in order to (hopefully) rein in high inflation. When interest rates rise, it becomes more expensive to borrow money. …
Opinion: Customer Service is a Lender’s Greatest Strength
HousingWire, Sept. 26, 2022–Eric BernsteinThese days, every week brings a new report, forecast or piece of news reminding us that the mortgage lending market is in uncharted waters. Mortgage demand …
Home Purchase Cancellations Are Above 15% For the Second Straight Month. It’s Important to Know the Financial Repercussions
CNBC, Sept. 26, 2022–Sarah O’BrienIn August, 15.2% of home purchase agreements fell through, similar to 15.5% in July. The average mortgage rate reached 6.7% last week, up from 3.3% heading …
More Women Finding a ‘Seat at the Table’ in Dealmaking
GlobeSt.com, Sept. 16, 2022–Paul BergeronMore women are getting a “seat at the table” during commercial real estate dealmaking, something that gives Paula Harris a great deal of pride.https://www.globest.com/2022/09/16/more-women-finding-a-seat-at-the-table-in-dealmaking/?
Net Lease Retail Valuations Finally Cracking Under Interest Rate Pressure
Wealth Management Real Estate, Sept. 26, 2022–Jenn ElliotAfter a prolonged period of stability, interest rate hikes are finally making a ripple in the net lease retail market.https://www.wealthmanagement.com/net-lease/net-lease-retail-valuations-finally-cracking-under-interest-rate-pressure?
Same-Store Rent Growth Starts to Cool in Some Markets
GlobeSt.com, Sept. 26, 2022–Erik ShermanAfter pain during the earlier parts of the pandemic, retail has made a great comeback. Research from JLL suggests that total transaction volume for the first …
Central Banks May Stoke Risks by Raising Interest Rates Together
Wall Street Journal, Sept. 25, 2022–Paul Hannon (subscription)Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists …