Thursday, September 13, 2012

Morning Real Estate Fix


Commercial property prices rebound in July (Costar)  Commercial property prices posted year-over-year gains across the board in July, after a lackluster June report.

Archstone gets $152m Fannie Mae loan for Chevy Chase apartment (Commercial Property Executive) After announcing its intent to go public in August, Archstone secured the loan from Beech Street for its Archstone Wisconsin Place apartment building.

Multi-family still trending high in development, investment (Globe St)  Property REITs still paying high dividends and multi-family buildings continue to trade at high levels.

Fannie Mae:  residential construction jobs still years from recovery (HousingWire)  Construction jobs were hardest hit during the downturn, and they remain far from recovering.  In August the residential construction jobs were slightly more than half of what they were in 2006.

Mortgage rates edge higher again (Mortgage News Daily) Watchers tie the actions in part to Germany's plan to Germany's approval of a European bailout.

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