The delinquency rate for commercial mortgage-backed securities (CMBS) as measured by Trepp Inc. remained unchanged in April at 3.09%. Year-over-year, the Trepp CMBS Delinquency Rate is down 42 basis points; year to date, the rate is up 5 basis points. “Declines in the...
Real estate brokers and agents have a message for home sellers: play up the energy efficiency aspects of your property. According to the newly released “2023 Realtors and Sustainability Report – Residential” published by the National Association of Realtors (NAR),...
As widely predicted, the Federal Reserve issued its tenth consecutive rate hike, this time enacting a quarter-percent increase. Rates are now in the 5%-5.25% range, marking the first time since September 2007 that rates went above 5%. The central bank’s policymaking...
Fewer prospective homebuyers were on the hunt for home loans last week while jumbo mortgages fell out of favor with many lenders, according to the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was down by 1.2% on a seasonally adjusted...
New York and California lost more than $90 billion in income during the Covid-19 pandemic as high-earning residents relocated to states with lower tax environments. According to a CNBC report that analyzed new data from the Internal Revenue Service, New York saw the...
The fintech sector is going to experience a sixfold increase in revenues over the next seven years, according to a new report by Boston Consulting Group (BCG) and QED Investors. The report, “Global Fintech 2023: Reimagining the Future of Finance,” is forecasting a...
A Phil Hall Op-Ed: So, I Asked ChatGPT to Predict 2027’s Housing Mark…
