Commercial real estate prices fell 0.2% on a monthly basis in November, based on indices maintained by Moody's Investors Service. It was the second decline in the last three months, which the rating agency said could be an indicator that prices in the sector have peaked and could be heading for a downturn. "Price series often stumble along at the top, leveling off before experiencing a more consistent downward trajectory," said Sally Gordon, a Moody's senior vice president. Standard & Poor's also reported that its S&P/GRA commercial real estate indices showed 12-month returns of 4.9% for October, representing a decelerating return from the growth reported in past months. "On a national scale, annual returns continue to decelerate," S&P said. The office sector was the best performer for the period, with 12-month returns of 10.8% (down from 13% for September). The multifamily sector was the worst-performing sector, with a negative-0.5% return (an improvement from negative-2.7% for September). Some "pockets of strength" were seen in some regions -- the Desert Mountain West, the mid-Atlantic South, and the Northeast. But even these regions were "significantly below their recent double-digit growth rates," S&P said.
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While income decreased from the fourth quarter, it accelerated on an annual basis across NVR's building and lending units.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Prevention through new building standards and mapping technology aim to keep home insurance rates down but mortgage bankers see challenges.
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The mortgage lender and servicer announced that Ranjit Bhattacharjee, a capital markets veteran, and Kevin Barker, a financial analyst with two decades of experience, have joined its ranks.
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Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.
April 23 -
Texas Capital Bank wants to bring the Administrative Procedures Act into the case, but Ginnie Mae said the legal proceedings are outside its scope.
April 23