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The risk for mortgage fraud jumped 12.4 percent year-over-year in the second quarter, according to the Mortgage Application Fraud Index released Sept. 13 by analytics firm CoreLogic, HousingWire reported. The index includes data for such fraud indicators as identity, income, occupancy, property, transaction and undisclosed real estate debt.
Google launched its Environmental Insights Explorer tool Sept. 10 to estimate the carbon footprint of a city’s buildings and all the modes of transportation used by the people living there, Fast Company reported. More than 9,000 cities have agreed to reduce emissions as part of the Paris Agreement, but many have no inventory of emissions.
The delinquency rate for commercial mortgage-backed securities dropped in August for the sixth consecutive month, according to analytics firm Trepp, MBA NewsLink reported Sept. 13. The CMBS delinquency rate was down 17 basis points to 3.64 percent last month, a post-crisis low.
Student housing is one of the hottest commercial real estate sectors, with investors likely to spend as much as $10 billion through the end of the year — up from $8 billion last year, according to commercial real estate firm CBRE, National Real Estate Investor reported Sept. 11.
Valuations on properties securing small-balance multifamily loans have shown resilience — despite pressure from rising interest rates, according to analytics firms Arbor and Chandan Economics, MBA NewsLink reported Sept. 13. Cap rates at mid-year were essentially unchanged from the same point a year ago, but debt yields were slightly higher.
The industrial real estate sector is expected to remain strong, but potential challenges include labor shortages and tariffs, according to commercial real estate firm Transwestern, MBA NewsLink reported Sept. 13. Of the 47 industrial markets the firm monitors, 43 posted positive absorption during the past 12 months.
Lenders participating in the Q3 Mortgage Lender Sentiment Survey released Sept. 13 by Fannie Mae said they anticipate the worst purchase mortgage demand for a third quarter in the survey’s history. They also foresee net-negative profit margins for the eighth consecutive quarter, blaming the compression on competition from other lenders.
Eighty-three percent of Generation Z plans to purchase a home in the next five years, noting they are willing to sacrifice location in order to find larger homes with the technology and amenities they want, according to a report from analytics firm PropertyShark, HousingWire reported Sept. 12.
The best neighborhoods for selling flipped homes earned a 79 percent return on investment, resulting in an average profit of nearly $86,000, analytics firm ATTOM Data Solutions reported Sept. 11. Neighborhoods that were less flip-friendly only saw a 48 percent return on investment.
Mortgage rates during the past week saw their biggest year-over-year increase since May 2014, largely due to increased consumer credit and job growth, Freddie Mac reported Sept. 13 in its Primary Mortgage Market Survey.
Home sales through the end of August slowed in some Fed districts due to lower demand and reduced inventories, but commercial sales and leasing showed modest increases, as did lending activity, the Federal Reserve reported Sept. 12 in its latest Beige Book.
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