Vol. 71, October 9, 2024
BISNOW
Tampa, And 235,000 Commercial Properties, Face Down A Once-In-A-Century Storm
Hurricane Milton, one of the Atlantic’s?strongest-ever storms, is inching its way across the Gulf of Mexico Tuesday night, threatening Florida’s western coast with potentially historic devastation.?
REINSURANCE NEWS
CoreLogic & Moody’s Highlight Billions In Property Exposure As Milton Nears Florida
Separate data analysis from CoreLogic and Moody’s has revealed that 500,000 single-family and multifamily homes in Florida’s Tampa Bay and Sarasota areas, with a reconstruction cost value of $123 billion, are at risk of storm surge from Hurricane Milton.
MULTIFAMILY DIVE
Assistant Managers Move Off-Site Amid Centralization Push
Companies see many advantages to moving bookkeeping and collections functions to remote locations.
CONSTRUCTION DIVE
Helene Deals Billions In Damage To Infrastructure
Roads, bridges, electrical grids and water systems need to be rebuilt following the deadly storm, even as Hurricane Milton bears down on Florida.
GLOBEST
People Increasingly Factor Natural Disasters When Deciding Where To Live
A third of young Americans say hurricanes like Helene will play a role in where they decide to live.
MORTGAGE BANKERS ASSOCIATION
September Jobs Report Commentary From MBA
MBA SVP and Chief Economist Mike Fratantoni’s?reaction to this morning’s U.S. Bureau of Labor Statistics report on?employment conditions in September. ?
MULTI-HOUSING NEWS
Here Are The Country's Hottest Rental Markets
The most competitive metros during 2024's peak leasing season, courtesy of RentCafe and Yardi Matrix.
NAHB - EYE ON HOUSING
Homebuyers Want Technology To Improve Energy Efficiency And Increase Safety
NAHB published research earlier this year on home buyer preferences called What Home Buyers Really Want.
GLOBEST
Demographic Trends Point To Continued Strong Housing Demands
Strong job growth in Western and Southern markets could boost demand among younger Americans.
MULTI-HOUSING NEWS
Apartment Concessions Rise In Popularity
A new report predicts a slowdown during the second half. Other expert opinions vary.
GLOBEST
Residential Market Reaches Inflection Point Amid Rising Inventory And Pending Sales Turnaround
The fall in mortgage rates is boosting pending residential sales.
YIELDPRO
Strong Employment Growth Reported By Bureau Of Labor Statistics
The Employment Situation Report from the?Bureau of Labor Statistics?stated that overall employment growth rose in September from the gain initially reported for last month.
领英推荐
GLOBEST
Comparing Market Rate And Affordable Rents Reveals Stark Regionals Differences
The level of competitiveness between market-rate and fully affordable properties varies greatly by locale.
NAHB - EYE ON HOUSING
Recap Of The State Level Employment Situation?
Nonfarm payroll employment?increased?in 32 states in August compared to the previous month, while 17 states and the District of Columbia saw a decrease.
GLOBEST
Robust Employment Data Prompts Second-Guessing Of Fed Strategy
Larry Summers and others say a 50-basis-point rate cut was a mistake.
MULTIFAMILY EXECUTIVE
Operators Increase Concessions Amid Rising Competition
The share of multifamily units offering concessions is projected to drop 120 basis points in the second half of the year, according to Berkadia's latest report.
MULTIFAMILY DIVE
GSE Volume Declined In First Half Of 2024
Investor-driven and CMBS lenders posted huge gains in the first six months of the year, as the debt market looks to be more competitive.
MULTIFAMILY EXECUTIVE
CRE Survey Shows Growing Optimism
CREFC’s 3Q 2024 Index sees highest reading since 2017.
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CBRE
Quarter Point Fed Rate Cut Likely Following Strong September Jobs Report
The U.S. added 254,000 jobs in September, well above expectations of 150,000. Job gains in July and August were revised upward by a total of 72,000.
NAHB - EYE ON HOUSING
Strong Job Market In September
The September jobs report indicates that the U.S. labor market remains strong. Job growth accelerated, and the unemployment rate fell to a three-month low of 4.1%.?
GLOBEST
Only Half Of New Apartments Leased Within Three Months
Landlords are increasingly offering concessions as renters gain more negotiating power.
NAHB - EYE ON HOUSING
State Of Local Homeownership Prior To The Election
With housing being a key issue for the 2024 election cycle, it is worth analyzing distinct characteristics as well as similarities that housing markets in congressional districts share.?
GLOBEST
Comparing Market Rate And Affordable Rents Reveals Stark Regional Differences
The level of competitiveness between market-rate and fully affordable properties varies greatly by locale.
MULTIFAMILY DIVE
New California Law Tightens Renter Protections
The legislation includes new requirements for security deposit deductions and restrictions on certain fees.
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Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
5 个月Very informative.