In Today's News
REIT Report: Data and Infrastructure Are Hot; Lodging and Retail Are Not
Some real estate investment trust (REIT) sectors are holding up well against the pandemic's economic shock. Some not so much. It depends on the business they're in.
Zillow: Residential Market Continues to Heat Up
Zillow (NASDAQ: Z) (NASDAQ: ZG) says homes are coming off the market now at their most rapid pace since June 2018. The fastest market? Cincinnati at five days. In a separate report today, Zillow says the Queen City also currently leads in year-over-year median price increase.
CMBS Delinquency Rates Near All-Time High
Trepp says rental delinquencies among properties in the commercial mortgage-backed securities (CMBS) space is now at Great Recession levels of just more than 10%. In some markets where CMBS exposure is thin, the June rate is as high as nearly 70%.
Today on Millionacres
Is Hannon Armstrong Sustainable Infrastructure a Buy?
Millionacres' Tyler Crowe shines a light on this solar-powered REIT (NYSE: HASI) and its prospects now and going forward.
1031 Exchange Crunch: "Must Buy Now," Meet "Not Much Here"
High demand and low supply may confront real estate investors running up against the July 15 deadline for buying a replacement property and taking advantage of the 1031 exchange tax benefits.