As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health.
Category: News and Trends
Mortgage Rates Fall to Record Low
The 30-year fixed-rate mortgage averaged 2.86 percent last week, the lowest rate since at least 1971, reported Freddie Mac, McLean, Va.
Properties with Foreclosure Filings Uptick as Pandemic Continues
ATTOM Data Solutions, Irvine, Calif., reported nearly 10,000 U.S. properties with foreclosure filings in August, up 11 percent from a month ago but down 81 percent from a year ago.
MBA Education Path to Diversity Scholar Profile: Jeannie Sosebee, AMP
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Go West, Young Mortgage Banker: 2020 Western States CREF Conference Recap
Last Wednesday kicked off the California Mortgage Bankers Association’s 23rd Annual Western States CREF, this year the conference was delivered as a two-day virtual experience on September 9 and 10.
New Home Sellers Join Market as High Demand Persists
The high buyer demand/rising prices drumbeat kept its rhythm into September as buyers scooped houses off the market at record rates, said Zillow, Seattle.
CBRE: Net-Lease Comprises Bigger Share of Much Lower CRE Investment
CBRE, Los Angeles, said net-lease investment fell significantly in the second quarter but comprised the highest share of total volume on record amid a sharp pandemic-related commercial real estate investment activity decline.
Former Ambassador Andrew Young Keynotes MBA Annual20
Former U.N. Ambassador to the United Nations Andrew Young keynotes an important General Session at MBA Annual20, which runs online Oct. 19-21.
Dealmaker: Tauro Capital Advisors Secures $21M for Triple-Net-Lease Assets
Tauro Capital Advisors, Los Angeles, secured $20.5 million in financing for four triple-net-lease developers and investors.
The Week Ahead
Good morning and happy Monday! Here at MBA we are excited that the autumn edition MBA LIVE, the association’s virtual conference series, continues this week with the MBA Risk Management QA & Fraud Prevention Forum takes place online this Tuesday, Sept. 15 and Wednesday, Sept. 16.