Originally published on August 23, 2022, by the Federal Housing Finance Agency.
The Federal Housing Finance Agency (FHFA) today announced its intent to establish a Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing (Committee).
Originally published on August 17, 2022, by the Urban Land Institute.
A long-term trend of housing underproduction exacerbated by rising inflation and economic uncertainty threatens home attainability for millions of people across the United States, according to the 2022 Home Attainability Index, a comprehensive new study from the Urban Land Institute’s (ULI) Terwilliger Center for Housing.
Originally published on August 25, 2022, by Michael Tucker for Mortgage Banker's Association.
Despite the stock market turmoil, slowing venture capital funding and interest rate volatility, life science real estate remains well-positioned for future growth, said Newmark, New York.
Originally published on August 16, 2022, for NAIOP.
The industrial real estate market showed signs of slowing after an unprecedented expansion, according to the latest NAIOP Industrial Space Demand Forecast, released today.
Originally published on August 16, 2022, by Ally Braun for Redfin.
Nationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1% of homes that went under contract that month, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the highest percentage on record with the exception of March and April 2020, when the onset of the coronavirus pandemic brought the housing market to a near standstill. It’s up from a revised rate of 15% one month earlier and 12.5% one year earlier.
Originally published on August 14, 2022, by Michael Tucker for the Mortgage Bankers Association.
U.S. hotel construction has declined for seven consecutive months, reported STR, Hendersonville, Tenn.
Originally published on August 10, 2022 by Gail Kalinoski for CommercialSearch.com.
U.S. commercial real estate investment volume rose 10 percent year-over-year in the second quarter of 2022, to $167 billion, with industrial and logistics investments providing nearly $32 billion of the total and office $24 billion, according to a recent CBRE report. Trailing four-quarter volume totaled a record $881 billion.
Originally published on August 9, 2022, by the ATTOM Staff for ATTOM.
ATTOM, a leading curator of real estate data nationwide for land and property data, today released its July 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,358 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 4 percent from a month ago but up 143 percent from a year ago.
Originally published on August 11, 2022, for the Appraisal Foundation.
On August 11, 2022, The Appraisal Foundation’s Appraisal Standards Board (ASB) announced that the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) would be extended by one additional year. The 2020-2021 USPAP will now be effective until December 31, 2023.
Originally published on August 11, 2022, by Georgia Kromrei for HousingWire.com.
In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data.
Originally published on August 4, 2022, by Eliza Theiss for Property Shark.
With summer in full swing and scorching temperatures driving city dwellers to try to escape urban heat islands, we analyzed home prices in towns and cities with beaches to see which are the most affordable options for homebuyers looking to move or buy a second home. More precisely, we ranked towns by the local median price per square foot to avoid results being skewed by larger local median home sizes.
Originally published on August 10, 2022, by the Appraisal Institute.
The Appraisal Institute Board of Directors voted to adopt two 45-Day Notice items during its Aug. 4-5 meeting in Las Vegas. The 45-Day Notice items address the removal of officers, directors, and committee members, and regional elections and voting. The Board also adopted the proposed Regional Election Policy as set forth in the Exposure Draft distributed to Designated Members, Candidates, Practicing Affiliates and Affiliates on June 20.
Originally published on August 2, 2022, by Freddie Mac.
The economy has entered a turbulent time as interest rates have moved up and inflation is very real for consumers. The likelihood of recession is much higher than earlier this year according to most macroeconomic forecasters, and the sharp rise in interest rates has already impacted volume as borrowers and investors may have sidelined deals until the volatility levels out. Despite the increased uncertainty, the multifamily industry is positioned well and we forecast solid performance for the year.
Originally published on August 3, 2022, by Paul Bergeron for GlobeSt.com.
LaSalle is expecting a high-impact second half of 2022, according to its Mid-Year Update.
Originally published on July 27, 2022, by the US Department of Treasury.
The U.S. Department of the Treasury announced new guidance today to increase the ability of state, local, and tribal governments to use American Rescue Plan (ARP) funds to boost the supply of affordable housing in their communities. This step follows a commitment in the Administration’s recently released Housing Supply Action Plan to leverage American Rescue Plan funds for investments in affordable housing as part of a broader strategy to increase the nation’s housing supply and ease housing costs over time.
Originally published on July 27, 2022, by Craig Torres for Bloomberg.com.
Chair Jerome Powell said the Federal Reserve would press on with the steepest tightening of monetary policy in a generation to curb surging inflation while handing officials more flexibility on coming moves amid signs of a broadening economic slowdown.
Originally published on July 27, 2022 by Yardi Matrix.
The student housing industry continued to break records in the second quarter of 2022, according to the new quarterly National Student Housing Report from Yardi® Matrix.
Originally published on August 3, 2022, by the National Multifamily Housing Council.
Nearly 4.3 million new apartments will be needed across the U.S. by 2035 to meet housing demand, according to research released July 28 by the National Multifamily Housing Council and the National Apartment Association. Currently, there is a shortage of around 600,000 units, and the number of affordable apartments — those with rents less than $1,000 per month — has declined by 4.7 million between 2015-20.
Originally published on July 19, 2022, by Buck Wargo for WealthManagement.com.
Strong consumer spending over the past year has prompted retailers to open more stores than they closed. But concerns about rising inflation and the economy this summer have led some to hit the pause button on expansion for now, according to retail analysts.
