National
Economy Watch: Mortgage Delinquencies, Foreclosures Drop in 2Q
The Mortgage Bankers Association reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to 6.96 percent of all loans outstanding at the end of the second quarter of 2013, the lowest level since mid-2008.
TODAY’S DEALS: Massachusetts Multifamily Asset Trades for $46.8M
CBRE/New England completes a $46.8 million sale; CAPREIT acquires a portfolio in Dublin; and Berzack Investment Property Advisors brokers a 12-unit sale in California.
Auction.com Research Looks at Impact of Unemployment Rates
Based on the most recent July 2013 Bureau of Labor Statistics Report, Auction.com Research is predicting a slowdown in real estate for the second half of the year.
Builder Confidence in the 55+ Housing Market Shows Significant Improvement in Second Quarter
Builder confidence in the 55+ housing market for single-family homes showed strong continued improvement in the second quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI).
Economy Watch: Real Estate Investment Still Low
The Bureau of Economic Analysis released some of the underlying details of last week’s preliminary GDP report, including information about real estate investment trends, by measuring such investments as a percentage of GDP.
Apartment Guide Survey Reveals Ratings & Reviews Service Influences the Apartment Search Process
Apartment Guide conducted a recent survey to determine the sentiment around user-generated reviews as it relates to the rental process and consumer behavior.
TODAY’S DEALS: Advenir Acquires 334-Unit Apartment in Texas
IPA arranges a Texas sale for DLC Residential; NorthMarq Capital arranges $11.5 million for an Iowa community; and Johnson Capital locks in a $17.2 million loan with no balloon from a life insurance company.
Economy Watch: More Evidence of Higher Home Prices
Case-Shiller’s most recent numbers last week pointed to sustained growth in U.S. home valuations, though the report was for the three months ending in May.
TODAY’S DEALS: Trammel Crow Sells Austin Asset
ARA brokers a Trammel Crow sale; Berkeley Point Capital closes $12.5 million for a Dallas acquisition; and Arbor Commercial Mortgage funds $49.6 million in FHA financing for properties nationwide.
Improving Markets List Includes 247 Metros in August
A total of 247 metropolitan areas across 49 states and the District of Columbia qualified for inclusion on the National Association of Home Builders/First American Improving Markets Index for August.