Morning Roundup (12/5/2024) – CRE Predictions

Good Morning! Today is Thursday, December 5. Police are looking for the man who killed UnitedHealthcare CEO Brian Thompson in New York City. Trump is considering replacing Hegseth with Ron DeSantis. Bill Clinton defended the pardon of Hunter Biden.

The Mortgage Note Reports

CRE Predictions: After years of anxiety about the direction commercial real estate will take, economists say things are looking up for this sector of the market heading into the new year. Writer Scott Kimbler has the story.

Kelker Retires: Industry titan Dean Kelker will retire from his role as senior vice president and chief risk officer of SingleSource Property Solutions.

Price Incentive: United Wholesale Mortgage announced a 60-day basis point pricing incentive for independent mortgage brokers.

In other mortgage and housing news…

Rocket Sues HUD: Rocket Mortgage is suing HUD, saying it overreached by implicating the lender in a lawsuit regarding an independent appraisal company.

Prices Move Sideways: The uptick in early-stage homebuying activity immediately after the election is continuing, Redfin says, despite high home prices and mortgage rates.

Company News: Intuit announced its tax platform offerings for personal and small business filers; Secured Signings unveiled a series of powerful enhancements to its platform.

Fraud Alert: Three women are facing federal charges after running a multi-million dollar mortgage scheme in Texas.

Tough Month: The residential real estate market came to a crawl last month—and it all comes down to persistently high mortgage rates.

Regional Growth: As apartments boom and middle housing lags, the South emerges as the fastest-growing housing region.

International Perspectives: Thanks to peace, two unexpected words are echoing across Afghanistan’s capital: luxury housing.