Fannie Mae issues upbeat outlook, NAHB says builder confidence through the roof, outlook for crowdfunding CRE, deathly hot in Death Valley, and strategies for handling low interest rates.
In Today's News
Fannie Mae Upgrades Housing Forecast in Upbeat Economic Report
After an epic second-quarter collapse, the U.S. economy is making a strong third-quarter comeback with housing playing a big role in the rebound, according to a report today from Fannie Mae's Economic and Strategic Research Group.
Why it matters: A robust housing market fueled by low interest rates is a good thing, but so is the report's prediction for increased household spending. Consumer confidence has long been considered a key metric for assessing economic health, and free-spending consumers are just what retail shops and their landlords have been needing big time since the pandemic struck.
NAHB: Builder Confidence at All-Time High on Record Traffic
The National Association of Home Builders (NAHB) said today that its NAHB/Wells Fargo Housing Market Index (HMI) has matched the all-time high it set in 1998.
Why it matters: The HMI is a 35-year-old measure of builder perception of the market for newly built single-family homes. To see it reach heights unseen in two decades is more validation that a V-shaped recovery may well be underway.
How Will CRE Crowdfunding Weather the Market Slump?
A college professor and real estate crowdfunding operation founder shares with Commercial Property Executive why the steady valuations he sees are a good sign for that investing trend.
Why it matters: Crowdfunded investing in commercial real estate is now getting its first down-market test since it became a thing several years ago. How the practice holds up now will say a lot about its viability as another way for investors to diversify without necessarily committing a huge amount of cash.
Today on Millionacres
Deathly Hot in Death Valley: How to Handle the Heat Load at Home
Temperatures have hit all-time highs in California's Death Valley, and that notoriously harsh hangout is not alone as a powerful heat wave settles over much of Southern California and beyond. Options are limited, but there are ways to cope.
Why it matters: Millionacres' Maurie Backman lays out some things property owners can do to handle the heat to some extent, from fans inside to reflective coating on the roof. These may well be good investments now and in the years to come.
Navigating a Low-Interest Rate Environment in Real Estate
According to Millionacres' Brad Cartier, there are several other tactics investors should deploy: refinancing, portfolio-wide analysis, stress testing, and understanding and leveraging supply and demand.
Why it matters: Rates already are at or near all-time lows, and they could drop even more. Now's the time to consider such a holistic approach to an investment and management strategy.