New? Join our newsletter – no cost!
🔍 Spotlight
Trump Victory Could Ignite Massive Refinance Boom And Record Home Sales
Some experts, like Marty Harlee of First Trust Financial, predict that a second Trump term could lead to lower interest rates, potentially sparking a refinance boom and record home sales. However, this could also drive up housing prices and reduce available supply.
Dennis Shirshikov, a CUNY professor, suggests Trump's policies might emphasize deregulation and tax cuts, potentially stimulating economic growth and increasing disposable income. This could benefit the housing market by boosting demand, but may also lead to inflation and subsequent interest rate hikes.
Trump's previous tenure was marked by significant market volatility, partly due to his unconventional approach to policy and communication. This unpredictability could create uncertainty in the housing market, potentially causing hesitation among buyers and investors.
NYSCRF commits $1.4bn to real estate and infrastructure funds link
The New York State Common Retirement Fund (NYSCRF) has committed €420 million to Ares European Property Enhancement Fund IV and its co-investment vehicle, targeting value-add industrial and residential properties with a goal of 10-12% net returns.
NYSCRF allocated €600 million to Copenhagen Infrastructure Fund V and its co-investment fund, demonstrating a strong commitment to infrastructure investments.
The pension fund further expanded its infrastructure portfolio with a $300 million commitment to Stonepeak Infrastructure Fund V, bringing its total real estate and infrastructure commitments to $1.4 billion.
‘Massive’ housing bubble about to burst in this US region, warns a real estate expert link
The post-2020 housing boom in the South might be hitting a wall. With nearly 300,000 new homes for sale, we're seeing inventory levels higher than the 2006 bubble peak. Is the party over for Southern real estate?
While some experts warn of a "massive housing bubble" about to pop, others see it as a market normalization. Keep an eye on cities like Austin, where median sale prices are already dipping 3% year-over-year.
Unlike the 2008 crash, homeowners today have substantial equity. This cushion, especially strong in states like Florida, might soften any potential market downturn. But will it be enough to prevent a full-blown crisis?
New Jersey combat racial bias in housing appraisals link
State lawmakers have passed legislation prohibiting discrimination in housing appraisals and mandating anti-bias training for real estate appraisers, addressing a nationwide issue of lower property valuations for people of color.
Recent studies reveal stark disparities in New Jersey, with 76.4% of white households owning homes compared to just 39.7% of Black households and 39.6% of Latino households, highlighting the ongoing impact of historical redlining practices.
While the new law provides tools to combat appraisal discrimination, advocates stress that addressing systemic racism in housing requires broader initiatives, including fair lending practices and efforts to combat residential segregation.
Not Seeing Us in Your Inbox? Check your spam folder and mark us as 'not spam' to ensure you receive our latest real estate updates and opportunities.
Savvy Selects
Large multifamily property loans in commercial mortgage-backed securities have seen distress rates jump from 2.6% to 7.4% between January and June 2023. This 185% increase outpaces the overall CMBS distress rate of 8.6%, signaling growing pressure in the sector.
An estimated $669 billion in multifamily loans are set to mature between 2024 and 2026. Many borrowers, particularly those with loans from 2021-2022 when valuations peaked and interest rates were low, are seeking short-term extensions to navigate the challenging economic landscape.
While less experienced investors struggle with highly leveraged value-add plays, more sophisticated operators with deeper pockets may weather the storm through recapitalization and equity injections. The sector's future hinges on interest rate trends and the broader economic environment.
🏠 Toolkit
July DIY: Transform Your Home With these Projects
July's long, sunny days offer the perfect opportunity to transform your outdoor spaces. Focus on planting colorful flowers, refreshing patio furniture, and enhancing outdoor lighting to create an inviting summer paradise for gatherings and relaxation.
Use this time to tackle important maintenance tasks like cleaning gutters, washing windows, and checking seals. These efforts not only improve your home's appearance but also enhance energy efficiency and protect against potential water damage.
Embrace sustainability this summer by starting a compost bin, planting native species, and switching to energy-efficient appliances and lighting. These small changes can significantly reduce your carbon footprint while beautifying your home.
📸 Dwelling’s
Comfortable luxury, casual elegance, designer, Modern chic!
And…that's a wrap on this edition! Have a great week, and we'll see you in your inbox !
