National
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 12.6 percent from one week earlier, according to data from the MBA Weekly Mortgage Applications Survey for the week ending November 9, 2012.
Economy Watch: Commercial Mortgage Originations Dip in 3Q
Commercial and multifamily mortgage origination volumes dropped by 7 percent during the third quarter of 2012 compared with the same quarter in 2011, according to the Mortgage Bankers Association.
TODAY’S DEALS: Federal Capital Partners Completes D.C. Sale
Federal Capital Partners sells an asset in Washington, D.C.; Wood Partners breaks ground in Colorado; and HFF closes on a $10.9 million value-add transaction.
Economy Watch: IEA Predicts Further Boom in U.S. Energy Production
The International Energy Agency, which released the 2012 edition of its “World Energy Outlook” on Monday, predicts that the United States is well on the way to becoming the world’s top oil producer.
TODAY’S DEALS: JV Lands Financing for Houston High-Rise
PM Realty and the INDURE Fund land construction financing; Cardinal Group Investments buys a Portland asset; and NorthMarq arranges a $13.9 million Freddie Mac loan.
Economy Watch: Foreclosed Properties Less Discounted Than Before
Even in a healthy economy, foreclosed residential properties typically sell at a discount to non-foreclosed ones, but during the worst of the recession, when foreclosures flooded many markets around the country, the pricing difference between the two was especially pronounced.
Economy Watch: CBO Details Impact of Fiscal Cliff
The Congressional Budget Office—which, despite the name, Congress is under no obligation to listen to—reported on Thursday on the “economic effects of reducing fiscal tightening.”
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.