Brett Blackwell

Interesting #ForeclosureAuction pricing action going on. Wonder if we will see continued downward pressure going into the second part of the year. Here is an interesting question I heard recently: Will home values actually decline or improve with an interest-rate reduction before the end of the year? As more and more homes see price-reductions and more time on the market, will we see an overstaturation of the market? What do you think? Let's talk about it. I'd love to hear a private-investor (boots in the ground) take on the current state-of-affairs. #sharafreport #foreclosureauction #mortgageservicing #specialservicing #privatelending

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#Multifamily property owners are finally getting a break.   Effectively immediately, HUD is raising the maximum permissible wind or named storm deductible for properties with FHA-insured mortgages to $50,000 or 5% of the insurable value per location, whichever is greater, up to a maximum of $475,000 per occurrence. Beforehand, the maximum #deductible was $50,000 or 1% of the insurable value, whichever was greater, up to a maximum of $250,000. Multifamily #insurance costs have risen dramatically over the past several years — up 27.7% over the 12 months ending in January and 129% since 2018, according to a recent Yardi Matrix report – so this news from HUD is more than welcome.

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Each quarter WFG Chairman and Founder Patrick Stone and Economist Bill Conerly provide valuable insights and analysis on the economy and the housing market during WFG’s Economic Outlook webinar. In this short excerpt from WFG’s Q1 webinar, which took place live during WFG’s Executive Summit event, Pat discusses builder single-family home development trends. Register for WFG’s upcoming Q2 Economic Outlook Webinar today to be among the first to hear what they have to say. Register here: https://bit.ly/4bvm7q7 #wfgtitle #wfgntic #titleinsurance #economicoutlook #realestateoutlook #mortgageoutlook #realestatetrends #realestateforecast #buildermarket

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RETAIL SEGMENT OF CRE CONTINUES TO IMPROVE Today’s post is written by Michael Green, Senior Commercial Loan Originator with Counsel Mortgage Group, LLC.  Mike writes monthly on the commercial mortgage market.  Check back each month to check his commentary.  Trepp (CRE research & analytics) released their CMBS Delinquency rate for March, showing it dipped slightly for the month, led by a significant improvement in the retail CMBS delinquency rate (and, notably, a 5 bp (basis point) uptick in the office delinquency rate). The overall delinquency rate declined 4 bps to 4.67%, with retail delinquency posting a huge 47 bp drop to 5.56%.   Per Thomas Taylor at Trepp:   “This comes even as the outstanding balance of retail loans has remained relatively flat, indicating resilience in issuance amid softening performance.”   “Retail remains the second-worst performing asset by delinquency and special servicing rate, outpaced only by office in both categories, while the sector boasts the lowest watchlist rate, … retail’s distress metrics continue to improve monthly.”   Trepp reported that 19.6% of retail loans were on watchlists last month. That compares with 24.9% of all loans on the watchlists, a 199 bp increase from the previous month.   Regional malls are leading the way in delinquency and special servicing, while those backed by super-regional, neighborhood and community shopping centers are doing well. To see other posts and videos in our series, click here:  https://lnkd.in/dbPhX6Be Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii, and Illinois www.counselmortgage.com 480.502.1000 NMLS 178927 AZ MB 0909580 CA DBO 60DBO43873 HI-178927 IL MB.6761723 Copyright © 2024 Counsel Mortgage Group®, LLC #cre #creloans #commercialloans #retailcre #Arizona #California #Hawaii #Illinois #mortgagebroker #realestatefinance

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April 2024 Real Estate Market Update - Northern Virginia The real estate market is ever-changing and always evolving. That being said, the only constant is change. In March, the landmark case involving real estate commissions had NAR offer a potential settlement to the Plaintiffs for $418,000,000 and two changes to our business. These two proposed changes are: read more here >> scottymacsblog.com

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The U.S. apartment market remained incredibly stable in August, with occupancy holding steady at 94.1% for the 10th consecutive month. Year-over-year rent growth was modest at 0.4%, with the Midwest and Northeast leading the way. In comparison to the strength of the U.S. apartment market, Redwood’s stabilized portfolio saw an average rent growth of 4.8% in the last 12 months. Read the full RealPage, Inc. article for more insights into the market trends and performance. #EquityInvestments #MultifamilyInvesting #BuildtoRent #InvestwithRedwood https://lnkd.in/gwg3qA2j

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