Three of President Biden’s nominees to serve on the Federal Reserve’s Board of Governors faced questioning during their confirmation hearing before the Senate Banking Committee Thursday.
Category: News and Trends
Survey: 1 in 4 First-Time Homebuyers Use Stimulus Money for Down Payment
Redfin, Seattle, said nearly one-quarter (24%) of first-time homebuyers are using stimulus money for their down payment, the second-most common way after saving directly from paychecks.
January Employment Shows Solid 467,000 Gain
For the first time in months, the Employment Report from the Bureau of Labor Statistics exceeded expectations: employers added 467,000 jobs in January, despite a surge in Omicron-variant coronavirus cases, BLS reported Friday.
CBRE: Record Global CRE Investment in 2021
CBRE, Dallas, reported global commercial real estate investment reached a record $1.3 trillion last year, up 55 percent from 2020 and 21 percent from 2019.
Dealmaker: UIP, Churchill Living Acquire Apartment Tower Near Amazon HQ2
UIP Cos. and Churchill Living acquired The Millennium, a 300-unit apartment community directly across Metropolitan Park from Amazon’s new HQ2 in Arlington, Va.
MBA Chart of the Week Feb. 4 2022: Job Openings for Selected Industries
In this week’s MBA Chart of the Week, we updated the JOLTS monthly data series on job openings for selected industries.
The Week Ahead, Feb. 7, 2022: Countdown to CREF22 and 3 Other Things to Know
Good morning and happy Monday! We are less than a week away the next big MBA event: CREF22, taking place Feb. 13-16 in San Diego. More about that and three other things to know this week:
CREF22 in San Diego Feb. 13-16
The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo takes place Feb. 13-16 at the Manchester Grand Hyatt in San Diego.
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“The homeownership rate has held steady above pre-pandemic levels. Millennials are still aging in large numbers into the lifestyle decisions that are correlated with the decision to buy a home. There is a longer run demographic demand shift away from renting to home owning driven by millennials aging into homeownership.”
–Odeta Kushi, Deputy Chief Economist with First American Financial Corp., Santa Ana, Calif.
Mark P. Dangelo: Digital Transformations Meet the Metaverse
Financial executives once thought that digital transformation initiatives represented a “one-and-done” series of projects to reduce paper, improve processes, and leverage technologies. That was then. Moving forward, these financial leaders will confirm if their digital transformations were enough to succeed in the next reality—the metaverse.