MarketWatch, May 5, 2022–Jacob PassyMortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded.https://www.marketwatch.com/story/the-pandemic-boom-in-home-sales-is-over-mortgage-rates-soar-to-highest-level-since-2009-as-the-fed-pressures-the-housing-market-11651760108
Category: Top National News
More Research Shows Cap Rates Likely to Keep Compressing
GlobeSt.com, May 4, 2022–Erik ShermanOpinions are starting to pile up that commercial real estate will remain hot, prices will rise, and as a result cap rates fall.https://www.globest.com/2022/05/04/more-research-shows-cap-rates-likely-to-keep-compressing/?
Housing Beat: 30-Year Mortgage At 13-Year High; Major Lenders In LinkedIn Spat
Benzinga May 5, 2022–Phil HallThe housing and mortgage world witnessed rising rates, an upswing in application levels and a public feud between two major lenders.https://www.benzinga.com/news/22/05/27023060/housing-beat-30-year-mortgage-at-13-year-high-major-lenders-in-linkedin-spat
The Industrial Sector’s Scorching Run Continues
Wealth Management Real Estate, May 4, 2022–David BodamerResearch shows high levels of bullishness for industrial real estate, although capital markets have begun to tighten.https://www.wealthmanagement.com/industrial-market-study/industrial-sector-s-scorching-run-continues?
Fed, Biden Administration Float New Lending Rules for Lower-Income Areas
Wall Street Journal, May 5, 2022– (subscription)Top U.S. banking regulators are poised to overhaul how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era …
Shock to the System: ICE to Pay $13B for Rival Black Knight
HousingWire, May 4, 2022–Flávia Furlan NunesIn a move with ramifications for an untold number of mortgage lenders and service firms, Intercontinental Exchange, Inc., a software and data company whose mini-empire …
A Medical Clinic Across the Parking Lot From a Target? It’s the New World of Healthcare Real Estate
Real Estate Journals, May 5, 2022–Dan RafterThe success of the multifamily and industrial sectors has been grabbing plenty of headlines. But there’s another commercial real estate sector that’s thriving today, …
Eviction Filings Are Up Sharply as Pandemic Rental Aid Starts to Run Out
NPR, May 4, 2022–Jennifer LuddenEmergency rental aid has helped keep millions of people in their homes during the pandemic. But that federal program will start winding down this summer, when …
Janet Yellen Says U.S. Economy Remains Strong
Wall Street Journal, May 4, 2022 (subscription)Treasury Secretary Janet Yellen said the U.S. economy is strong despite last quarter’s contraction, adding that persistently high inflation and spillovers from the war …
More Americans Than Ever Say It’s Not a Good Time to Buy a Home
CNBC, May 4, 2022–Diana OlickJust 30% of adults surveyed by Gallup said now is a good time to buy, down 23 percentage points from a year ago. That is the …