MBA Advocacy Update July 5, 2022
Last week, The Wall Street Journal published a letter to the editor from MBA President and CEO Bob Broeksmit, CMB, highlighting how Special Purpose Credit Programs are an effective way for lenders to help serve minority homebuyers safely and sustainably.
Redfin: Asking Prices Come Down from Record High
Home sellers are increasingly ceding to the mounting pressure on affordability posed by rapid mortgage rate hikes, reported Redfin, Seattle.
MBA Chart of the Week July 1, 2022: Projected Excess Supply of Housing from the Aging of Baby Boomers
The Research Institute for Housing America, MBA’s think tank, released a special report, “Who Will Buy the Baby Boomers’ Homes When They Leave Them?”, authored by Gary Engelhardt of Syracuse University. The report examines population aging, mortality and the future of the housing market.
Net Lease Retail, Office Cap Rates Expand
The Boulder Group, Wilmette, Ill., said single-tenant retail and office net lease cap rates increased slightly in the second quarter as interest rates and inflation increased.
The Week Ahead, July 5, 2022: Five Things to Know
Good morning and happy Tuesday! We hope you had a safe and happy Independence Day holiday. Here’s what’s happening this week: