A comprehensive federal rescue package seems no closer to being passed by the Senate. Here’s what the impact has been on commercial real estate.
The share of late FHA loans rose to almost 16 percent in the second quarter, up from 9.7 percent in the first.
The largest companies operating in the rental housing space are reporting few vacancies and strong rents. Smaller players are struggling.
The firm is buying up new houses at a time when mortgage rates are low and suburban houses are in high demand.
In the second quarter, the U.S. homeownership rate jumped to 67.9 percent, according to the Census Bureau.
The company acquired a controlling stake in single-family landlord Conrex, which operates in Midwestern and Southeastern U.S.
The housing market continued to attract buyers looking for more space and attracted by low interest rates.
Sales closings fell by 9.7 percent in May compared to April, according to the NAR data.
Big SFR operators reported slight growth in leasing rates in the months since the lockdowns started.
Amherst Holding terminated a $2.3 billion planned acquisition as coronavirus makes due diligence difficult.