Fannie Mae sharply raises mortgage rate forecast through mid-2027

The MOU has landed. Empire State Development, LCOR and Cirrus Real Estate Partners on Friday released the memorandum of understanding for their long-delayed buildout of Pacific Park, the next six-site phase of a megadevelopment slated to deck over the Atlantic Terminal railyard in Brooklyn.  The deal struck between the developers’ joint venture and the state…

Music legend Joni Mitchell‘s former Malibu beach house has been put on the market for $26.99 million—listing for the first time in nearly 40 years. The property was custom-designed for the “Big Yellow Taxi” singer, who purchased beachfront land in the early 1980s, then commissioned acclaimed architect Ron Goldman to craft her perfect retreat, according…

“For Sale” signs have been popping up more often on homes that are owned by institutional investors in response to the recently enacted 21st Century ROAD to Housing Act, the most comprehensive housing reform package in decades. The law bans institutional investors from purchasing single-family homes. CNBC reported that the number of homes owned by…

The fund will target mission-critical single-tenant assets across the UK and continental Europe backed by investment-grade occupiers. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The post Blue…

Fewer Indian students are heading to the United States due to visa and policy uncertainties, but education loan growth for non-banking finance companies (NBFCs) is expected to remain resilient this financial year, according to a Crisil Ratings report cited by news agency, PTI.   The report projects education loan assets under management (AUM) of…

Mortgage application volume declined again last week as higher borrowing costs weighed on home purchase demand. The Mortgage Bankers Association (MBA) reported a 2.7% decrease in total application volume on a seasonally adjusted basis for the week ending July 10, even as refinance activity posted a modest rebound. Purchase applications fell 7% from the previous…