Today, the Federal Reserve has announced that it is holding rates steady, according to Jeff Cox of CNBC. “Central bankers made no obvious indications, though, that a reduction is imminent,…
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Distressed multifamily debt surges in Q2 2024
Dana Anderson of Redfin reports that mortgage rates have dropped to their lowest level since February, providing some relief to homebuyers. Despite this, pending home sales saw their largest decline…
Powell: We won’t wait for 2% inflation to cut rates
According to Kriston Capps of Bloomberg, President Biden proposed national rent control to cap annual rent increases at 5% for landlords with over 50 units, threatening the loss of federal…
Q2 2024 jobs data signals rate cut
Justin Lahart and Nick Timiraos of the Wall Street Journal report on last week’s jobs data, highlighting that the U.S. added 206,000 jobs in June, slightly surpassing expectations and maintaining…
New home sale listings surge 35%, most in two years
Margaret Jackson of Yahoo! News reports on new data showing the increasing popularity of the build-to-rent segment. In the first quarter, construction began on 18,000 single-family built-for-rent homes, marking a…
Apartment starts tumble in Q2 2024
Dana Anderson of Redfin reports on a new survey showing younger generations are likelier to move between rental units. Over half (55.5%) of Gen Z renters stayed in their homes…
Housing markets at most risk of a downturn
Ralph McLaughlin of Realtor.com reports on new mortgage rate data showing that rates are slowly decreasing in the U.S. This week, the Freddie Mac fixed rate for a 30-year mortgage…
Investor activity increases for the first time in 2 years
A new Redfin report highlights a slight uptick in real estate investor activity, with purchases increasing 0.5% year-over-year in Q1 2024, the first increase since mid-2022. California markets experienced significant…
Why commercial real estate is under stress
According to the St. Louis Federal Reserve, the commercial real estate (CRE) market was valued at $22.5 trillion in the fourth quarter of 2023, with a total CRE debt outstanding…