AI use in real estate comes with copyright concerns | Brokers refocus their business models as market swings | Commissioner Gordon makes the case for FHA loans
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FHA Commissioner Julia Gordon discusses the agency's loan products with NAR Vice President of Policy Advocacy Bryan Greene at the Regulatory Issues Forum. (National Association of REALTORS®)
Real estate agents can help first-time and moderate-income buyers by dispelling the myths associated with FHA-insured loans. Full Story: REALTOR® Magazine (5/9)
Real Estate Trends
New York homes of TV characters attract real-life interest Brokers for a trio of New York properties featured in the HBO series "Succession" say exposure from the show is helping to attract offers. "People want what everyone else has deemed fabulous," said Daniella G. Schlisser, a listing agent for a $38 million, four-bedroom duplex seen on the show. Full Story: The New York Times (5/9)
Life insurers increase mortgage investments 8.5% in 2022 Life insurance companies increased their mortgage holdings 8.5% to $695 billion in 2022, according to data from the National Association of Insurance Commissioners' Capital Markets Bureau. The companies also increased their bond holdings by 2.4%, but total bond holdings as a share of all investments fell slightly, while mortgage holdings grew from 12.4% to 13.1%. Full Story: ThinkAdvisor (free registration) (5/9)
Experts: Focus on these 5 things amid credit squeeze Small businesses have been disproportionately affected by tightening credit standards, according to a Federal Reserve study in which 48% of senior loan officers reported reining in lending to companies with annual sales of less than $50 million. Financial experts recommend five things small businesses should do when seeking loans, from identifying more collateral to crafting a back-up plan. Full Story: Inc. (tiered subscription model) (5/9)
Fair & Equitable Housing
Podcast: How U.S. cities prioritize parking over people Paved Paradise author Henry Grabar chronicles the development of parking lots in the U.S. and their effects on affordable housing, walkable neighborhoods and other parts of urban life. "We build more three-car garages in this country than we build one-bedroom apartments," Grabar says. Full Story: National Public Radio (5/9)
Legislation & Regulation
Macklem: Mortgage concerns not setting off 'alarm bells' The Bank of Canada has acknowledged increases in mortgage rates and mortgage delinquencies, but those trends are not presenting "alarm bells" for the overall housing market, Bank of Canada Governor Tiff Macklem said. Meanwhile, the "spillover effects" from global banking turmoil "have been muted [in Canada], reflecting the financial stability we are known for internationally," although "financial stability risks remain," Macklem said. Full Story: Global News (Canada) (5/4)
Fund managers warn of looming CRE recession Major fund managers are warning of mounting trouble in the U.S. commercial real estate market that could put further pressure on the banking sector. Anne Walsh, chief investment officer of Guggenheim Partners, says certain metropolitan regions are especially vulnerable to a downturn. "We're likely going into a real estate recession, but not across the entire real estate market," Walsh said. "Lenders will be very choosy about what loans they are willing to make." Full Story: Financial Times (5/9)
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The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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