September News Brief

Residential

Best Time to Show, Best Day to List

Houses listed for sale on a Thursday tend to sell more quickly, and at higher prices, than those listed on any other day of the week, research shows.

By: Lew Sichelman, UExpress, August 16, 2019

Read more: https://www.uexpress.com/housing-scene/2019/8/16/best-time-to-show-best-day

National Association of REALTORS® Applauds Long-Awaited FHA Condo Rule

New Federal Housing Administration condominium loan policies should yield thousands of new homeownership opportunities and help alleviate affordability restraints impacting markets across the country.

By: Wesley Shaw, National Association of REALTORS®, August 14, 2019

Read more: https://www.nar.realtor/newsroom/national-association-of-realtors- applauds-long-awaited-fha-condo-rule

Appraisals May Soon Not Be Required

on Certain Home Sales of $400,000 and Under

Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal   to increase the threshold at which residential home sales require an appraisal for the first time since 1994.

By: Ben Lane, HousingWire, August 23, 2019

Read more: https://www.housingwire.com/articles/49924-appraisals-may-soon-not- be-required-on-certain-home-sales-of-400000-and-under

Mortgage Market Reopens to Risky Borrowers

More than a decade after home loans triggered the worst financial crisis in a generation, the strict lending requirements put in place during its aftermath are starting to erode.

By: Ben Eisen, REALTOR.com®, August 21, 2019

Read more: https://www.realtor.com/news/real-estate-news/mortgage-market- reopens-to-risky-borrowers

First American Launches Innovation Center

First American Financial Corporation launched a new online information resource designed to provide a glimpse into the initiatives and people driving innovation within the company.

By: American Land Title Association, August 14, 2019

Read more: https://www.alta.org/news/news.cfm?20190814-First-American- Launches-Innovation-Center

 

Commercial

Fasten Your Seat Belts: Commercial Real Estate Is Taking a Flight to Quality

The commercial real estate market has been so strong the past few years that property appreciation alone has turned otherwise marginal deals into windfalls.

By: Karlin Conklin, contributor, Kiplinger, August 20, 2019

Read more: https://www.kiplinger.com/article/real-estate/T047-C032-S014- commercial-real-estate-is-on-a-flight-to-quality.html

Is Your Real Estate Firm Cyber Safe?

Recently, an article in Engineering News Record, one of the “go-to” trade publications for those in commercial construction, featured an eight-page, in- depth overview of how cybercriminals are finding ways to sabotage our industry.

By: Charles Myers, contributor, DMagazine, August 22, 2019

Read more: https://www.dmagazine.com/commercial-real-estate/2019/08/is-your-real- estate-firm-cyber-safe

Economic Momentum, Monetary Policy Sustain Commercial Real Estate Pricing in U.S.

According to global property advisor CBRE, an advantageous balance of moderate growth, low inflation, and falling long-term interest rates in the

U.S. kept capitalization rates for commercial real estate assets broadly stable in the first half of 2019.

By: Michael Gerrity, World Property Journal, August 23, 2019

Read more: https://www.worldpropertyjournal.com/real-estate-news/united-states/ new-york-city-real-estate-news/cbre-2019-north-america-cap-rate-survey-commercial- real-estate-news-cap-rates-in-2019-office-property-investment-data-2019-global- property-investment-report-11551.php

Commercial Digest Summer 2019: The List Issue

Check out this special edition of NAR’s commercial magazine for top resources including what classes you should consider taking, favorite articles from our commercial affiliate organizations, and research produced by NAR.

By: National Association of REALTORS®, August 19, 2019

Read more: https://www.nar.realtor/commercial-connections/summer- 2019-the-list-issue?AdobeAnalytics=ed_rid%3DExample%20Profile%20 Id%26om_mid%3D1230%7CCOMMERCIAL_DIGEST_08-14-19%26om_ nytpe%3DCOMMERCIAL%20DIGEST

An Airbnb for Commercial Real Estate

The public gets access to a wider range of interesting spaces, not just hotel meeting rooms and event facilities.

By: Aldo Svaldi, The Denver Post, August 27, 2019

Read more: https://www.denverpost.com/2019/08/27/denver-airbnb-venuse- commercial-real-estate-shepherd