By KIMBERLEY HAAS The president and CEO of the Mortgage Bankers Association said they are pushing for clarity and common sense as he criticized policymakers this week during his remarks at the Secondary and Capital Markets Conference and Expo in New York City. Bob Broeksmit said policymakers plan to pile on more enforcement and red…
By CHUCK GREEN Industry leaders and economists are sharing their opinions about changes to fees for loans backed by Fannie Mae and Freddie Mac after reports that homebuyers with good credit scores and substantial down payments will pay more so fees for borrowers limited by income or wealth can be reduced. The changes to the…
By CHUCK GREEN More people in business, including those in lending, are returning to in-person work after the pandemic. According to a survey released by Resume Builder last fall, 90% of companies will require employees to return to the office in 2023. Disney laid down the law at the start of the year, making it…
By PATRICK LAVERY In a Hunterdon County, New Jersey, strip mall long characterized by higher-end retailers like Ulta Beauty and Talbots, one trio of newer storefronts may seem incongruous. Start at Axeiom, a women and LGBTQ+-focused axe throwing space, then walk a few steps to Aunt Mary’s, a cannabis dispensary opening first for medical cardholders…
By KIMBERLEY HAAS The future of live-work-play communities looks bright heading into 2023 as investors figure out ways to make money in real estate with a recession looming. A CoworkingCafe study shows that 512 live-work-play communities were built across the nation between 2012 and 2022, with another 101 in the pipeline for the next two…
By CHUCK GREEN Office vacancy rates are being monitored closely as the commercial space industry continues to grapple with COVID’s effects on the workplace. In Los Angeles, office activity stagnated in the first quarter of 2022. One-fifth of total inventory remained vacant and rents remained unchanged, according to Greg Cornfield at Commercial Observer. Other major…
By KIMBERLEY HAAS A report released this month suggests that despite rising home prices it is more affordable to own a median-priced house than to rent a three-bedroom property in a majority of the United States. ATTOM’s 2022 Rental Affordability Report used fair-market rent data from the U.S. Department of Housing and Urban Development, wage…
By SCOTT KIMBLER With Americans working from home since the start of the COVID-19 pandemic, some densely populated areas of the United States are losing residents as people move to the suburbs to escape city life, and those watching this trend say landlords shouldn’t hold their breath hoping a younger generation of renters will replace…
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