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Multiple analysts report that price growth in the commercial real estate sector has returned to the average monthly pace set in previous years, following a slow start to the year in which global economic uncertainty slowed the sector’s investment activity and price growth, MBA NewsLink reported July 11.
The Appraisal Institute expects to welcome nearly 450 attendees to its Annual Conference, July 25-27, in Charlotte, North Carolina. The event will feature four general session speakers and more than 30 different education sessions.
Student housing performed very well during the past two quarters, with a record $2.6 billion in capital pouring into the sector, cap rates consistently above 6 percent and increased interest from foreign investors, according to commercial real estate services firm JLL, National Real Estate Investor reported July 12.
Apartment demand surged in the second quarter, easing investor concerns after a rocky first quarter, according to a report from apartment research firm MPF Research, National Real Estate Investor reported July 12.
Current renters, especially those younger than 35, reportedly think now isn’t a good time to enter the housing market, the National Association of Realtors reported July 13 in its Housing Opportunities and Market Experience survey. Conversely, 80 percent of current homeowners believe now is a great time to purchase a home.
National foreclosure filings during the first half of the year are down 11 percent-year over-year and down 20 percent from the end of 2015, analytics firm RealtyTrac reported July 13. Counter to the national trend, 19 states saw foreclosures increase during the same time period.
Markets may have stabilized and 10-year Treasury yields may have sharply rebounded during the past week, but average fixed mortgage rate barely budged from last week’s near-record low, Freddie Mac reported July 14 in its Primary Mortgage Market Survey.
Morgan Stanley’s review of commercial real estate debt revealed risks to banks — especially small banks — and increased risks to CRE value in smaller markets, commercial mortgage-backed securities and select real estate investment trusts, Barron’s reported July 11.
Residential real estate activity increased at a moderate pace in most Fed districts, with single-family home prices increasing and inventories remaining tight, the Federal Reserve reported July 13 in its newest Beige Book. Commercial sales and leasing activity was steady or slightly improved in most districts.
The Office of the Comptroller of the Currency on July 11 said it will increase scrutiny of the commercial real estate sector because credit risks are on the rise due to low interest rates, Reuters reported.
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