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DCHFA Unveils Investor Relations Website

DCHFA Unveils Investor Relations Website

by Phil Hall | May 24, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The DC Housing Finance Agency (DCHFA), a financial intermediary and administrator of affordable housing programs for the District of Columbia, has partnered with BondLink, a cloud-based investor relations and debt management platform for the municipal bond market, to...
PacWest Sells Real Estate Lending Division

PacWest Sells Real Estate Lending Division

by Phil Hall | May 24, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

PacWest Bancorp (NASDAQ:PACW) sold its Civic Financial Services property lending division to the real estate financing firm Roc360 for an undisclosed amount. The sale, which was reported by the Wall Street Journal, is the second transaction this week involving PacWest...
Guest Opinion: What are Income-Producing Farms and How Do They Work?

Guest Opinion: What are Income-Producing Farms and How Do They Work?

by Dutch Mendenhall | May 24, 2023 | Commercial Real Estate News, Guest Opinion, News/Current Events, Real Estate News, WRE News Exclusive

Recent years have seen a surge in interest in alternative asset classes for investment, as many investors shy away from the volatility of the stock market in search of other forms of investing that offer better — and perhaps safer — returns. Many alternative...
Mortgage Application Activity Sinks Amid Economic Tumult

Mortgage Application Activity Sinks Amid Economic Tumult

by Phil Hall | May 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A combination of ongoing financial stress and new jitters over the debt ceiling talks helped to scare aware potential mortgage borrowers. The Mortgage Bankers Association reported that its Market Composite Index, a measure of mortgage loan application volume,...
CBRE Forecasts Stronger Performance by the Hotel Industry

CBRE Forecasts Stronger Performance by the Hotel Industry

by Phil Hall | May 24, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

CBRE Group (NYSE:CBRE) has raised its forecast for hotel performance this year, citing stronger-than-expected demand and more modest supply growth drive occupancy gains. In its revised forecast, CBRE is predicting 2023 revenue per available room (RevPAR) will reach...
Mortgage Delinquency Rate Bounced Up in April

Mortgage Delinquency Rate Bounced Up in April

by Phil Hall | May 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national mortgage delinquency rate was up by 13% from the record low in March into April, according to new data from Black Knight Inc. (NYSE:BKI). But while that might seem extreme, the total U.S. delinquency rate in April was only a mere 3.31%. Early-stage...
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