In Today's News
Mortgage Rates Hit Another All-Time Low
Freddie Mac has been tracking mortgage rates since 1971. They've never been this low: an average of 3.13% for a 30-year-fixed note, 2.58% for 15 years. Purchase demand is the highest in a decade, too, the big GSE says.
Residential Construction Starts Edging Back Up
After nearly screeching to a pandemic-induced halt, residential construction starts rose 4.3% in May for an annual adjusted rate of 974,000 units, according to the U.S. Department of Commerce.
Ulta (NASDAQ: ULTA), Sephora, and the Struggle for Pandemic Survival
Beauty supply stores are typical occupants of strip centers and malls and important tenants for many a commercial real estate investor. Check out this in-depth look at whether virtual product testing can help save the two biggest names in this space.
Today on Millionacres
Proactive Response Can Help as Tenants, Buyers Stay Put for Now
Millionacres' Maurie Backman parses a new report that shows many tenants and homebuyers putting off making a move until next year, and she shares some tips for attracting tenants in this time of COVID-19.
3 Reasons Why EPR Properties Will be Just Fine
This real estate investment trust (REIT) focuses on movie theaters, entertainment centers, golf attractions, waterparks, and more. The pandemic has nearly stopped its rental income, but that's temporary. Millionacres' Matt Frankel explains why he's still high on this stock, if you don't mind roller coaster rides.