Category: News and Trends

Black Knight, Jacksonville, Fla., said mortgage prepayment activity increased by 28% month-over-month in March, the largest single-month increase since 2016, in response to declining interest rates and the start of the spring home buying season.

Commercial property market supply and demand fundamentals remained stable in late 2018, Moody’s Investors Service reported.

More signs point to a possible commercial real estate downturn in the next 12 months or so, said Situs RERC, Houston.

New grocery store openings increased 30 percent in 2018 compared to 2017 as grocers added more than 17 million square feet of space in the U.S., reported JLL, Chicago.

ATTOM Data Solutions, Irvine, Calif., said U.S. foreclosure activity fell by 15 percent in the first quarter to its lowest level since first quarter 2008.

As the retail sector’s shakeout continues, a number of retail real estate markets face more vacancies and falling rents, said Reis Senior Economist Barbara Byrne Denham.

The National Association of Hispanic Real Estate Professionals said Hispanics accounted for nearly 40 percent of U.S. household formation and nearly 63 percent of the increase in homeownership in the past 10 years.

The commercial mortgage-backed securities delinquency rate did something rarely seen recently: it increased.

The Senate last week approved Mark Calabria as Director of the Federal Housing Finance Agency, after Senate Majority Leader Mitch McConnell, R-Ky., deployed a controversial rules provision to speed judicial and executive nominations through the chamber.

The Senate last week approved Mark Calabria as Director of the Federal Housing Finance Agency, after Senate Majority Leader Mitch McConnell, R-Ky., deployed a controversial rules provision to speed judicial and executive nominations through the chamber.