The four federal banking regulators have called on the nation’s financial institutions to “work prudently and constructively” with credit-worthy clients that are dealing with pressure related to the commercial real estate market. The statement from the Federal...
If you’re looking to lease office space in San Francisco, you have an excessive quantity of choices at your disposal. New data from the commercial real estate brokerage CBRE (NYSE:CBRE) determined 31.8% of San Francisco’s office properties were vacant during the...
Mortgage rates are back on the upswing, according to the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.71% as of June 29, up from last week when it averaged 6.67%. One year ago at this time, it...
Median-priced single-family homes and condos were less affordable in the second quarter of this year compared to historical averages in 98% of counties around the nation with enough data to analyze, according to a new report from ATTOM. Nationwide, the median...
The U.S. median home listing price was down by 0.9% year-over-year, according to data from Realtor.com. This marked the first yearly decline since 2017, when Realtor.com began to track this data. In June, the U.S. median list price was $445,000, up from $441,000 in...
The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. This marked the first increase in the multifamily loan threshold since 2014. The...
