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Companies Set Plans to Refine Office Spaces: CBRE Survey

Originally published on May 10, 2022, by Michael Tucker for Mortgage Bankers Association. 

CBRE, Dallas, said most office-using companies are developing long-term plans to expand or contract their office space now that employees are returning at least part-time after two years of mostly remote work.

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AI Board of Directors Adopts 45-Day Notice Items During May Meeting

Originally published on May 18, 2022, by the Appraisal Institute.

The Appraisal Institute Board of Directors voted to adopt four 45-Day Notice items during its May 12-13 meeting in Chicago. The 45-Day Notice items address Bylaws modernization, the Candidate for Designation program, alternate chapter representatives to regional committees and proposed amendments to the Appraisal Institute Code of Professional Ethics and Explanatory Comments to the Code of Professional Ethics.

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Housing Sentiment Falls to Lowest Level in Two Years

Originally published on May 9, 2022, by Matthew Classick for Fannie Mae.

Affordability Constraints Mount as Mortgage Rates and Home Prices Continue to Rise

WASHINGTON, DC – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates. All six of the index’s components decreased month over month, with a survey-high 76% of consumers indicating that they believe it’s a bad time to buy a home, up from 73% last month. Additionally, 73% of respondents expect mortgage rates to continue their recent ascent over the next 12 months, also a survey high. Year over year, the full index is down 10.5 points.

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Commercial and Multifamily Borrowing Surges 72% from Last Year: MBA Report

Originally published o May 12, 2022 by the Mortgage Bankers Association.

Commercial and multifamily mortgage loan originations increased by 72 percent in the first quarter from a year ago, the Mortgage Bankers Association reported Thursday.

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Fed Raises Interest Rates; Balance Sheet Reductions Imminent

Originally published on May 4, 2022, by Howard Schneider and Ann Saphir for Reuters.

WASHINGTON, May 4 (Reuters) - The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank's chief made an appeal to Americans struggling with high inflation to be patient while officials take the hard measures to bring it under control.

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Pressures Mount, Causing Housing Market Uncertainty, NAR Economist Yun Reports

Originally published on May 4, 2022, by Quintin Simmons for the National Association of Realtors.

NATIONAL HARBOR, MD (May 4, 2022) – Two years after enduring the devastating financial impacts of COVID-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. However, as National Association of Realtors® Chief Economist Lawrence Yun explained today, there are significant questions regarding the sector's direction over the coming months.

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AI Releases First Face Value Podcast with Episode About Unusual Assignments

Listen to Face Value, the official podcast of the Appraisal Institute. Join rotating hosts Warren Boizot, SRA, AI-RRS, and Tonia Vailas, MAI, AI-GRS, each month as they share appraiser experiences, insights, and stories with other credible experts in the valuation profession. Tune in as they dive into the latest trends, news, association updates, and more. Don't miss out on appraisal news you won’t find anywhere else, all delivered at face value.

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FHFA Duty to Serve Plans Focus on Affordable Housing

Originally published on April 27, 2022 by the Federal Housing Finance Agency.

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) Program.

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Student Housing Remains Strong Despite Drop in College Enrollment: Yardi Matrix

Originally published on April 27, 2022 by YardiMatrix.

SANTA BARBARA, Calif., April 27, 2022 – Despite a drop in college enrollment over the last two years, the student housing industry continues to perform well and is exhibiting healthy rent growth and preleasing for Fall 2022.

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New Home Sales Decline Amid Affordability Challenges: NAHB

Originally published on April 26, 2022, Elizabeth Thompson and Stephanie Pagan for NAHB.

Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March.

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Small-cap CRE Prices Jump but Aren’t Overinflated: Data

Originally published on April 28, 2022, by Michael Tucker for the Mortgage Banker's Association.

Small-cap commercial real estate prices have accelerated at an unprecedented rate but are not overinflated, reported Boxwood Means LLC, Stamford, Conn.

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Foreclosure Activity at Post-pandemic High in Q1: Data

Originally published on April 21, 2022 by ATTOM Staff for ATTOM. 

IRVINE, Calif. — April 21, 2022 — ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), the largest online marketplace for foreclosure and distressed properties, today released its Q1 2022 U.S. Foreclosure Market Report, which shows a total of 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39 percent from the previous quarter and up 132 percent from a year ago.

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Healthcare Sector Considered ‘Recession-resistant:’ CBRE

Originally published on April 21, 2022, by Michael Tucker for Mortgage Banker's Association.

CBRE, Dallas, reported investors plan to allocate more capital to healthcare real estate, highlighting rising confidence in the asset class.

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Inclusionary Housing Policies Lead to Greater Number of Affordable Homes: Study

Originally published on April 19, 2022 by MBA Newslink Staff for the Mortgage Banker's Association.

A study by a Mortgage Bankers Association-supported member network suggests an optimal mix of incentives and requirements could help policymakers avoid polarizing private sector and community stakeholder groups while working toward the goal of increasing affordable housing production.

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Self-storage Sector in Strong Position Heading into Leasing Season: Yardi Matrix

Originally published on April 21, 2022, for YardiMatrix.

SANTA BARBARA, Calif., April 21, 2022 – The self storage sector stands in a strong position heading into prime leasing season, according to the latest Yardi® Matrix National Self Storage report. The overall national street rate for self storage remains unchanged from July 2021 at $145.

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Largest Mall Operator in Europe Seeks to Unload $13 Billion in US Assets: Report

Originally published on April 12, 2022, by Jack Roger for Globest.com.

Unibail-Rodamco-Westfield, Europe’s largest mall operator, is planning to exit the US market and sell its portfolio of US mall properties by the end of 2023, according to a report in The Wall Street Journal.

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AI Asks Supreme Court to Review Ruling on Floor Plans

Originally published on April 7, 2022.

The Appraisal Institute on April 7 joined the National Association of Realtors and 17 other organizations in filing an Amicus Brief with the Supreme Court pertaining to a lower court ruling that would allow copyright infringement lawsuits to be filed against individuals, including appraisers, who make floor plans of a home.

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Trends Report Shows Digitalization and Deglobalization Driving Industrial Sector

Originally published on April 12, 2022, by Michael Tucker for the Mortgage Banker's Association. 

Digitalization, demographics and deglobalization will drive the industrial market growth in the near future, said Newmark, New York.

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FHFA Issues Strategic Plan for Fiscal Years 2022-26

Originally published on April 14, 2022 by the Federal Housing Finance Agency,

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued the FHFA Strategic Plan: Fiscal Years 2022-2026​ (Strategic Plan). The Strategic Plan provides a framework that outlines the Agency’s priorities for the coming years as a regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises).

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Record Home Price Growth Led by Sun Belt States: CoreLogic

Originally published on April 5, 2022, by Molly Boesel for CoreLogic.com.

Home Price Index Highlights: February 2022

  • National home prices increased 20% year over year in February.
  • Florida’s Gulf Coast logged the highest annual increases in February.

Overall HPI Growth

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