February News Brief
| Watch the podcast here. Residential Sector
First American Steps Up for Los Angeles Wildfire Relief
Company commits $25,000 to Los Angeles Fire Department Foundation and employees raise additional $20,000 for the American Red Cross; Kicks off initiative to provide wildfire victims free online access to their property deeds.
First American press release.
| Read the full article here.
Average mortgage rates top 7% for the first time in 8 months
Rates increased for a fifth straight week, but the latest inflation data could be a sign that relief is coming. By Dave Gallagher, Real Estate News.
| Read the full article here.
‘Unfiltered’: Real estate must stop moving ‘at the speed of paper’
Watch the conversation as the CEO of Matterport shares his pitch to skeptical agents and his push to create the “forward-looking ecosystem” homebuyers expect. By James Dwiggins and Keith Robinson, Real Estate News.
Commercial Sector
How Will Retail CRE Weather the Wave of Pharmacy Store Closures?
For decades, pharmacy chains like Walgreens and CVS have been fixtures of convenience, but a perfect storm of challenges is forcing changes. Years of over-expansions have left drugstore chains saddled with underperforming stores in a retail landscape increasingly dominated by e-commerce. By Nick Pipitone, Propmodo.
| Read the full article here.
U.S. Retail Sales End 2024 with Lower Monthly Gains
U.S. retail sales rose 0.4% to end 2024 following an upwardly revised gain of 0.8% in November, the Census Bureau reported Thursday. Economists had projected a 0.6% increase for December. By Paul Bubny, Connect CRE.
| Read the full article here.
Commercial real estate won’t be as distressed as last year, says RXR CEO Scott Rechler
Scott Rechler, RXR chairman and CEO, joins ‘Squawk on the Street’ to discuss where things stand in the commercial real estate industry. Squawk on the Street, CNBC.
| Watch the video here.
