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Results: 205 Articles found.
Feb 10, 2021 12:30 PM

COVID-19 Could Close 10,000 Retail Stores This Year: Study

The coronavirus pandemic continues to ravage the retail sector, with estimates showing 10,000 stores could close this year, up from the 8,741 stores that closed in 2020, according to Coresight Research, Bisnow reported Jan. 28. Closures this year could foist 138.5 million square feet of retail space onto the market. However, 3,500 to 4,000 new stores are expected to open this year.

 
Feb 10, 2021 12:30 PM

33 Attorneys General Oppose Class Action Suit Against Ocwen

A group of 33 state attorneys general filed a motion Feb. 2 against PHH Mortgage and its predecessor Ocwen Loan Servicing opposing the proposed settlement for a class action lawsuit that alleged the firm charged nearly 1 million borrowers unlawful servicing fees, HousingWire reported. The attorneys general claim the proposed settlement was carried out too quickly in light of the coronavirus pandemic.

 
Feb 10, 2021 12:30 PM

Cap Rates in Net-lease Big-box Sector Drop Year-over-Year: The Boulder Group

Cap rates in the single-tenant net-lease big-box sector dropped 25 basis points to 6.75% between fourth quarter 2019 and fourth quarter 2020, commercial real estate firm The Boulder Group reported Feb. 1 in its Net Lease Big Box report. The decrease was mainly the result of greater interest among investors in grocery and home improvement businesses.

 
Feb 03, 2021 12:30 PM

Biden: Government Had Role in Undervaluation of Property

The Biden administration on Jan. 26 released a memorandum to the Department of Housing and Urban Development acknowledging that federal, state and local governments systematically implemented racially discriminatory housing policies during the 20th century, and noted a persistent undervaluation of properties owned by families of color. The administration directed HUD to examine the effects of such policies.

 
Feb 03, 2021 12:30 PM

AI Offers White House Help on Fair Housing Issues

The Appraisal Institute on Jan. 27 sent a letter to President Biden expressing support for the administration’s actions to address the federal government’s history of housing discrimination. AI pledged assistance in addressing fair housing issues and outlined how it’s seeking solutions to appraisal equity, diversity and inclusion.

 
Feb 03, 2021 12:30 PM

Silicon Valley Office Market Bucks the Trend with Favorable Conditions, JLL Reports

As other major office markets contract, Silicon Valley thrives, with positive net absorption, stable rents and ongoing investor activity, according to real estate services firm JLL, WealthManagement reported Jan. 25. Buildings are selling for an average of $630 per square foot, led by newly built class-A products and older assets occupied by tenants with long-term leases.

 
Jan 27, 2021 12:30 PM

FHFA Extends Moratorium on Single-family Foreclosures

The Federal Housing Finance Agency announced Jan. 19 that it will extend until Feb. 28 the moratorium on single-family foreclosures and real estate-owned evictions; the current moratorium was set to expire at the end of this month. FHFA cited the need to keep families safe and in their homes during the ongoing coronavirus pandemic.

 
Jan 27, 2021 12:30 PM

Input Sought on Natural Disaster Risks to Housing Finance

The Federal Housing Finance Agency on Jan. 19 issued a Request for Input on current and future natural disaster risks that could affect the housing finance system, Fannie Mae, Freddie Mac and the Federal Home Loan Banks. Feedback is due to the agency by April 19.

 
Jan 27, 2021 12:30 PM

Colliers Survey Shows "Surge" in Commercial Property Investment Expected This Year

A 50% surge in global investment activity is expected in the second half of the year, indicating a renewed confidence in real estate as a result of vaccine developments and continued government stimulus, investment management firm Colliers reported Jan.18. Offices in top-tier cities, logistics properties and residential buildings are expected to be top targets among investors.

 
Jan 20, 2021 12:30 PM

GSEs Extend Flexibilities for Appraisals, Employment Verification

The Federal Housing Finance Agency announced Jan. 14 that Fannie Mae and Freddie Mac will extend their flexibilities pertaining to both property appraisals and employment verification through Feb 28. The flexibilities were initially put in place in March 2020 and extended throughout last year in an effort to facilitate liquidity in the mortgage marketplace during the coronavirus outbreak.

 
 
Results: 205 Articles found.

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