National
Economy Watch: Bankruptcy Cases Drop in 2012
Bankruptcy cases filed in federal courts for fiscal year 2012, which is the 12-month period ending September 30, 2012, totaled 1,261,140, down 14 percent from the 1,467,221 bankruptcy cases filed in FY 2011, according to the Administrative Office of the U.S. Courts.
TODAY’S DEALS: Koontz McCombs Sells an Austin Asset
A 344-unit asset trades in Austin; Archstone buys a community in Los Angeles for $56 million; and Chozick Realty brokers student apartments for $16.1 million.
Economy Watch: Home Prices See Monthly Downtick on Election Day
Tuesday might have been Election Day, but for the economy and its indicators, it was just another day.
TODAY’S DEALS: JTL Real Estate Partners Buys 1,397-Unit Portfolio
JTL Real Estate Partners buys a four-state portfolio; Behringer Harvard completes the sale of a 560-unit community in Florida; and ARA closes a 224-unit sale in Houston.
Multifamily Market To Remain Strong Through 2015 With 1.7 Million New Renters, According to Freddie Mac
The Freddie Mac Multifamily Research Group released its multifamily real estate market demand forecast for the next several years.
Freddie Mac Announces 15th Multifamily K Certificates Offering This Year, K-711
Freddie Mac recently announced a new offering of Structured Pass-Through Certificates (K Certificates) backed exclusively by fixed-rate multifamily mortgages with a seven-year term.
Economy Watch: Non-Manufacturing Activity Sees Uptick
Economic activity in the U.S. non-manufacturing sector grew in October for the 34th consecutive month, according to the latest Non-Manufacturing ISM Report On Business, which was released on Monday.
Economy Watch: A Variety of Businesses Hiring in October
The Bureau of Labor Statistics’ October employment numbers noted that a fairly wide variety of businesses were doing some net hiring during the month.
SPECIAL REPORT: Multifamily Industry Will Decelerate in 2013, Panelists Agree
The exuberant levels of multifamily rent increases, transactional activity and equity investments are due for a slowdown over the next year, suggested speakers at the 2012 CREW Network Convention and Marketplace held in Chicago.
Economy Watch: Job Creation Continues Steady Pace
The Bureau of Labor Statistics, despite speculation involving hurricane-related delays, did indeed report the monthly employment numbers on Friday, as scheduled. The result: the U.S. economy created 171,000 jobs in October, more-or-less as expected. The unemployment rate ticked up a bit, to 7.9 percent.