NETL News and Press, NETLease Corporate Real Estate From 10/06/23

2023-10-06 01:20:00 ET Summary Through August 2023, it remains well elevated above that threshold, as measured by the percentage of median household income needed to pay the mortgage payment on the median new home sold. March 2021 marks the last time new homes were fully below the...

2023-10-04 00:45:00 ET Summary The highest mortgage rates in 20 years, the worst level of affordability since 1984 and increasingly tight household finances are starting to torpedo housing market activity. After rising slightly in three of the previous five weeks, (from 142 to 147...

2023-10-01 09:00:00 ET Summary U.S. equity markets declined for a fourth-straight week while benchmark interest continued an unabating resurgence to fresh multi-decade highs as a looming government shutdown added complications to existing "higher-for-longer" concerns. Posting its ...

2023-09-30 12:00:56 ET More on REITs: IGR: 3 Reasons This REIT Fund Gets An Upgrade USRT: Wait For Better Momentum And Relative Strength IGR: Highly Levered, Highly Concentrated REIT Equity CEF REITs decline as rate hike concerns fuel sell-off Real es...

2023-09-28 09:00:00 ET Summary Net Lease REITs - one of the most "bond-like" and interest-rate-sensitive property sectors - have lagged in recent months as investors come to grips with a potential "higher-for-longer" interest rate environment. Thriving in the "lower forever" envir...

2023-09-28 08:10:00 ET Summary The trend for the market capitalization of the U.S. new home market continued to benefit from the "golden handcuffs" problem afflicting the owners of existing homes in August 2023. New home sales trend still rising. December 2022 saw the first up...

2023-09-26 20:10:00 ET Summary Cut the price, and they will not come? Homebuilders, in a tough market, compete with homeowners who are still delusional. Homebuilders are trying all kinds of stuff to get sales going in this environment of 7%-plus mortgage rates. The median pric...

2023-09-26 01:55:00 ET Summary In the U.S., the 525 basis point increase in the Fed Funds rate over the last 19 months has resulted in a 30-year mortgage rate rising to a 23-year high of 7.31% according to LSEG Datastream. The U.K. is not far behind, having raised rates by 500 bas...

2023-09-25 22:01:00 ET Summary Mortgage rates are at a two-decade high with the average 30-year fixed-rate mortgage climbing above 7%. A major difference between today and the period leading up to the global financial crisis is vacancy rates. Today, only 6.4% of rental propert...

2023-09-25 21:35:00 ET Summary The Federal Open Market Committee (FOMC) statement seemed dovish, at first, but then the FOMC signaled that one more Fed rate hike was not only possible, but likely. Crude oil prices have risen 30% since June, as fears of further supply shortages per...