Economy
Mortgage Credit Availability in U.S. Dips in June
Based on a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology, U.S. mortgage credit availability decreased in June 2022, according to the Mortgage Credit Availability Index (MCAI). The MCAI fell by 0.3 percent to 119.6 in June. A decline in the MCAI indicates that lending standards are tightening, while increases…
Read More
Life Sciences Real Estate Investment Market Remains Red Hot in 2022
According to a new CBRE research report, investment in U.S. life sciences real estate increased by 62 percent last year, with further growth of at least 10 percent expected in 2022. Investment in life sciences real estate, comprised of lab and Research and Development (R&D) properties, reached $21.4 billion in 2021, a 62 percent increase…
Read More
Mortgage Rates in U.S. Hit Another Historic Low in Early July
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent in the U.S. It is the lowest rate in the survey’s history dating back to 1971. “The summer is heating up as record low mortgage rates continue to spur homebuyer demand,” said Sam Khater, Freddie Mac’s Chief Economist. “However,…
Read More
Florida’s initial unemployment claims show slight improvement
Florida saw a slight decrease in week-over-week first-time unemployment claims for the week ending June 27 — but it still ranked among the worst five states. Total first-time claims in Florida were 84,608, down from 95,683 the previous week, according to the U.S. Department of Labor. Florida was No. 5 in the nation for the…
Read More
Economy’s next big problem: Managing bad loans
For the most part, the U.S. economy has been in emergency mode for the past three months – with the government printing money to keep the wheels turning. The pandemic unleashed a series of debilitating blows that clearly has crippled the economy and forced billions of people across the world to adjust their behavior when it…
Read More