National
Economy Watch: QE3 Soon? Probably (Maybe)
Investors waited all week for Ben Bernanke’s annual Jackson Hole, Wyo., end-of-summer speech, and the chairman of the Fed delivered… something.
TODAY'S DEALS: MAA Picks Up an Asset in San Antonio
MAA buys a 436-unit asset; SBV Communities enters the Oklahoma City market with a 119-unit purchase; and NorthMarq Capital completes a $10 million Freddie Mac refinance of a three-year loan.
Economy Watch: Personal Income, Spending Up
While investors were anticipating Fed Chairman Ben Bernanke’s pronouncements from Jackson Hole the Bureau of Economic Analysis reported that personal income increased $42.3 billion, or 0.3 percent.
TODAY'S DEALS: Falcon Southwest Buys 324-Unit Austin Asset
HFF closes an Austin sale; Beech Street Capital provides Freddie Mac CME financing for two West Palm Beach properties; and Alliant Capital makes two loans totaling $2.4 million for a client.
Economy Watch: Beige Book Sees Housing as Bright Spot
The Federal Reserve released the latest edition of the Beige Book on Wednesday, more formally known as the “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” which noted that the U.S. economy has been growing “gradually in July and early August across most regions and sectors.”
TODAY’S DEALS: Mill Creek Residential Buys Three Texas Communities
Mill Creek Residential buys 589 units; Centerline Capital Group provides acquisition financing for a Delaware owner; and Smith Equities closes on the sale of two Tallahassee, Fla. properties.
HUD Study Finds Most LIHTC Properties Still Affordable
A new report by HUD has found that after an initial 15-year required “affordability period,” most Low-Income Housing Tax Credit (LIHTC) Program properties remain affordable.
Economy Watch: Home Prices Up During Second Quarter
According to the most recent S&P/Case-Shiller report on housing U.S. home prices saw positive growth for all three headline composites year-over-year during the second quarter of 2012.
TODAY'S DEALS: LYND Acquires 11 Distressed Communities in Auction
LYND picks up 11 distressed communities at an auction; The Carlyle Group buys an independent living asset in Jacksonville, Fla.; and Walker & Dunlop provides a 35-year Section 223(a)(7) refinance loan at low interest.
Economy Watch: Fed Still Mum About Stimulus
The Fed’s annual symposium at Jackson Hole, Wyo., is later this week, and Fed chairman Ben Bernanke will speak at the event on Friday, which has set off the latest round of speculation about whether the central bank will try to stimulate the economy once again.