Bloomberg, July 20, 2022–Maria Paula Mijares TorresHousing affordability is set to worsen to levels last seen early in the financial crisis as rising mortgage rates compound high prices, according to …
Category: Top National News
Mortgage Applications Drop to Lowest Level Since Early 2000
Bloomberg/Los Angeles Daily News, July 20, 2022–Molly SmithThe Mortgage Bankers Association’s market index dropped in the week ended July 15 to the lowest since February 2000, data released Wednesday, July …
Multifamily Lending to Slow Down for the Rest of This Year
GlobeSt.com, July 20, 2022 –Erik ShermanHousing, particularly multifamily, saw big jumps—and cap rate crushing—during the pandemic. Now? The Mortgage Bankers Association says the brakes are about to hit.https://www.globest.com/2022/07/20/multifamily-lending-to-slow-down-for-the-rest-of-this-year/?
In Spite of Worries About Inflation, Retail Leasing Has Been on a Roll
Wealth Management Real Estate, July 20, 2022–Buck WargoData from Coresight Research shows store openings are outpacing store closings so far this year. Retail brokers hope leasing trends will stay strong.https://www.wealthmanagement.com/retail/spite-worries-about-inflation-downturn-retail-leasing-has-thrived-year?
Higher Mortgage Rates, Economic Uncertainty Behind Declining Home Purchase Applications
HousingWire, July 19, 2022–Connie KimNew home purchase applications dropped 12% year over year in June due to higher mortgage rates and economic uncertainty, according to the builder application survey from …
Homebuilders Face Headwinds on Multiple Fronts
National Mortgage News, July 19, 2022–Spencer Lee (subscription)The impact of inflation and interest-rate movements is leaving its mark on homebuilders, sending both industry sentiment and mortgage volumes of newly constructed …
MBA: Total Loans In Forbearance Dipped In June 2022
National Mortgage Professional, July 19, 2022–Sarah WolakThe Mortgage Bankers Association’s monthly Loan Monitoring Survey found that the total number of loans now in forbearance decreased by 4 basis points from …
Industrial Investors Pivot Based on Supply Chain Shifts
GlobeSt.com, July 15, 2022–Paul BergeronMarcus & Millichap reported this week that redirected supply flows are affecting investment decisions in the industrial space.https://www.globest.com/2022/07/15/industrial-investors-pivot-based-on-supply-chain-shifts/?
Single-Fam Construction Tanking While Multi-Fam Stays Strong; Record Number “Under Construction”
Mortgage News Daily, July 19, 2022–Jann SwansonThere were modest pullbacks in both the seasonally adjusted annual numbers of permits and housing starts in June. But it was only because of …
The Higher Cost of Capital is Beginning to Erode CRE Asset Prices
Wealth Management Real Estate, July 19, 2022–Beth Mattson-TeigCommercial property prices that have been hovering at near peak levels are starting to slide lower, and with more interest rate hikes looming, …