You can read about housing market trends, Coworking spaces, foreclosures and more in real estate news. The HousingWire website offers a wealth of real estate news. You will discover what policy is influencing consumer behavior and the best practices being adopted by leading professionals in the industry. You will also learn about economic and market trends. The article below discusses the latest trends in real estate. Read it now! We’ve got the latest news from the real estate world right here!
In recent years, coworking spaces have emerged as a major trend in commercial real estate. The rise of these spaces has led to significant net absorption in many metropolitan markets. Ten years ago, this industry was not yet even a fad. Now, the trend is generating a disproportionate amount of “new” companies, which often take office space in the same building as an incubator.
These trends have a great potential to change the face of the commercial real estate market.
Sacramento’s housing boom
The current level of construction is well below what’s required to keep pace with demand. In 2003, more than three times as many single-family detached homes were started as there were in 2019, with a corresponding drop. However, multi-family construction has climbed and is on track to surpass the peak year of the Millennium Boom. That’s a good sign, as there are some key indicators that the housing boom is on the verge of a property news.
Foreclosures are a staple of real estate news, and that’s because the number of foreclosures is growing, as well. The housing market continues to recover, with home prices rising 10 percent in the past year. Seller profits are also typically high, and a tour of most neighborhoods would not reveal one single vacant foreclosure home. But that doesn’t mean that foreclosures aren’t a sign of market distress.
New lending guidelines for Fannie Mae and Freddie Mac
The two mortgage companies Fannie Mae and Freddie Mac were created by Congress to promote stability and affordability in the housing market. The agencies guarantee loans for Fannie and Freddie Mac and provide liquidity to thousands of banks, which make loans for the financing of housing. Fannie Mae loans are commonly referred to as “conforming loans” because they meet their standards. According to Brian Gilpin, vice president of Fannie Mae’s lending division, the government guarantees interest only on loans that conform to these guidelines.