Standard & Poor's is launching commercial real estate indices to measure changes in commercial real estate prices in partnership with GRA, an affiliate of Charles Schwab Investment Management.The indices will measure price changes by property sector and geographic region, S&P reported. There will be 10 indices, including a national composite, five geographic indices (Desert Mountain West, Mid-Atlantic South, Midwest, Northeast, and Pacific West), and four property sector indices (multifamily, office, retail, and warehouse). The indices are to be based on closed commercial real estate transactions with input from GRA. The indices are slated to be launched on Aug. 21. S&P can be found online at http://www.standardandpoors.com.
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The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
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Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
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There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
June 24 -
Foundation had introduced Version 3 of its credit risk model, using the most recent delinquency data, to improve loan performance predictions.
June 24 -
Fannie Mae's conservator is supporting the government-sponsored enterprise's test within certain boundaries, according to a recent social media post.
June 24 -
The Senate Banking Committee is slated to consider Christopher Phelen to be the chair of the Council of Economic Advisers on Thursday. Phelen has said in past academic papers that fractional reserve banking is "highly problematic."
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