One Big Thing Now that the elections have come finally, mercifully come to a close, I thought that it would be a good idea to take a look at the likely winners and losers both in the real estate sector and the economy as a whole. I’m going to do...
January 6th – No Going Back
What I’m Reading No Going Back: The pandemic has has accelerated the adoption of data access as an essential CRE technology. At this point, it is no longer just a pandemic solution and is here to stay. Globe Street Priced Out: Despite record low mortgage rates, the spike in housing prices last year...
January 5th – Unmasked
What I’m Reading Unmasked: The Corporate Transparency Act, which was tacked onto a defense bill, would require corporations and limited liability companies established in the United States to disclose their real owners to the Treasury Department, making it harder for criminals to anonymously launder money or evade taxes. The rule applies...
December 17th – Flotation Aid
One Big Thing In the first week of December, the proportion of mortgage borrowers that sought forbearance rose to its highest level since August. Delinquencies are climbing as well, as some borrowers are either not eligible for forbearance or are still unaware that they may be eligible. NREI Reading the paragraph...
December 16th – Cracking the Code
Cracking the Code: Dr. Peter Linneman of Linneman Associates and Matt Larriva, vice president of research and data analytics at Chevy Chase, Md., property firm FCP, believe they have devised a methodology that accurately forecasts acquisition yields up to a year into the future. The model is based on the unemployment...
December 15th – Checked Out
What I’m Reading Checked Out: Buyers are spending more time than ever in their vacation homes. Mansion Global See Also: A new homes.com survey found that 45% of respondents would move if they could work remotely. Forbes Soaring: Home equity reached a record high in 2020 as American homeowners gained a whopping $1 trillion. Core Logic See...
December 9th – Balancing Act
One Big Thing California’s eviction moratorium is scheduled to expire in early February. A new assembly bill is seeking to extend it through the end of 2021. Concurrently another assembly bill is attempting to establish a framework for dispersing rental relief. (h/t Steve Sims) Connect Media Two comments here: While I’m...
December 8th – Spin Cycle
One Big Thing I’ve been hearing a lot of chatter about the future of cities of late, especially those of the large gateway variety that boomed in the years following the Great Recession. The latest example is a Globe Street piece last week that excerpted a CBRE podcast about the future of...
December 7th – Behind the Curve
What I’m Reading Behind the Curve: As expected, eCommerce orders surged to previously unseen levels this Black Friday and Cyber Monday. It got to the point that UPS put limits on pickups at several large retailers in an effort to not overwhelm their systems, despite knowing that this was coming. Wall Street...
December 2nd – The End is in Sight
What I’m Reading The End is in Sight: The Federal Reserve has told banks that they should stop writing contracts using LIBOR by the end of 2021, after which the rate no longer will be published. The current plan is that LIBOR will be fully phased out by June 30, 2023. ...