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Results: 1277 Articles found.
Oct 06, 2020 12:30 PM

Life Insurers to Face Loan Losses 50% Higher Than During Financial Crisis: Fitch

Life insurers in the U.S. are expecting their losses on commercial real estate loans to be 50% higher than they were during the 2007-08 financial crisis, according to the U.S. Life Insurers’ Mortgage Update released Oct. 1 by ratings agency Fitch Ratings, Commercial Property Executive reported. The report said losses could extend into 2021 because of regulatory forbearance actions.

 
Oct 06, 2020 12:30 PM

Retail, Office and Industrial Cap Rates at New Lows: Report

Cap rates in the single-tenant, net lease retail, office and industrial sectors reached record lows during the third quarter, down 19, 10 and 11 basis points, respectively, from the second quarter, real estate firm The Boulder Group reported Oct. 2 in its Q3 Net Lease Market Report. The drop is mainly due to the Fed’s announcement that interest rates will remain near zero at least through 2023.

 
Sep 30, 2020 12:30 PM

Home Values, Owner Equity Up in Q2: Federal Reserve

The aggregate value of the nation’s residential mortgages at the end of the second quarter was $10.6 trillion, an $80 billion increase from the first quarter, according to the Q2 Federal Reserve Flow of Funds report released Sept. 21, the National Association of Home Builders reported. The aggregate value of household market values reached $30.8 trillion, an increase of $450 billion.

 
Sep 30, 2020 12:30 PM

Sales of Existing Homes at Highest Level Since 2006: NAR

The sales of existing homes climbed for the third consecutive month in August, reaching the highest level since December 2006, the National Association of Realtors reported Sept. 22. Home sales are expected to continue their upward trajectory through the end of the year.

 
Sep 30, 2020 12:30 PM

Homebuyers are Flocking to Affordable Counties Just Outside Major Metros: Redfin

El Dorado Country in California, near Sacramento and the Bay Area, is the nation’s hottest market as homebuyers seek more affordable areas outside of major metros but still within driving distance of them, real estate marketplace Redfin reported Sept. 21. Homebuyer interest is also heating up in Camden County, New Jersey, and Columbia Country, Oregon.

 
Sep 23, 2020 12:30 PM

GSEs Need Help Recovering Funds From COVID-19 Relief ProgramS

Government-sponsored enterprises Fannie Mae and Freddie Mac may face insolvency if they can’t recover some costs connected to their COVID-19 mortgage relief programs, Federal Housing Finance Agency Director Mark Calabria told lawmakers Sept. 16, ABA Banking Journal reported. Calabria said the GSEs would recover some fees through the controversial adverse market fee, which would apply to certain mortgage refinance transactions.

 
Sep 22, 2020 12:30 PM

Most Cities Not Seeing "Mass Exodus" Due to COVID-19: Data

Reports about the COVID-19 pandemic causing a mass exodus from major cities are generally unfounded, with most states seeing fewer people moving between March 11 and June 30 this year than last year, according to data from moving company platform Hire A Helper, Bloomberg reported Sept. 16. Those who did leave big cities relocated to other large metros.

 
Sep 22, 2020 12:30 PM

Housing Factors into Improved Economic Forecast: Fannie Mae

The full-year 2020 real GDP is forecast to contract by only 2.6%, down from the previous month’s forecast of 3.1%, Fannie Mae’s Economic and Strategic Research Group reported Sept. 15. The pace of existing home sales, which increased in July to a level not seen since 2006, was cited as one of the main reasons for the improved forecast.

 
Sep 16, 2020 12:30 PM

HUD Finalizes Revised Rule for "Disparate Impact" Claims

The U.S. Department of Housing and Urban Development on Sept. 4 finalized its revised standard for bringing “disparate impact” claims under the Fair Housing Act, ABA Banking Journal reported. The final HUD rule now is aligned with the Supreme Court’s 2015 decision in Texas Department of Housing and Community Affairs vs. Inclusive Communities Project.

 
Sep 16, 2020 12:30 PM

Hotel Firm Works with Facebook to Develop Property, Expects More Business Travel

Banking on the return of business travel, the lodging firm CitizenM signed a deal with Facebook to open a 240-room hotel adjacent to the tech giant’s campus in Menlo Park, California, National Real Estate Investor reported Sept. 4. CitizenM, which targets cities with significant tech and financial firms, is also planning properties in Seattle, Boston and San Francisco.

 
 
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