Investments

CoreLogic acquisition spree pushes earnings higher in Q2

Sees profitable quarter despite drop in mortgage activity
Recently, CoreLogic, a property information, analytics and data-enabled services provider, has been on a roll when it comes to acquisitions; for this reason, it comes as no surprise the company reported an increase in earnings in the second quarter of 2018.
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Chinese investors are dumping U.S. CRE investments under pressure from Beijing

Chinese investors are one of the main factors behind increased prices for CRE investments, but now, they are pulling out
Chinese investors are dumping their commercial real estate investments, a casualty of the escalating trade war between the U.S. and China. According to an article in the Wall Street Journal, Chinese investors sold $1.29 billion of U.S. CRE in the second quarter, while purchasing only $126.2 million. This is the first time the cohort has been a net seller since 2008.
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Real estate no longer top investment choice for Americans

Focus shifts to stocks, cash investments
Americans are beginning to shift their investments to other areas as real estate fell not one but two spots from being the top investment choice back in 2016. Americans across all ages said that real estate is their third pick for the investment of money they won’t need for more than 10 years.
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Fifth Third Bank app combats student debt

Customers paid off $1 million in student debt by rounding up debit card purchases
The weight of student debt can often be paralyzing, however, an app launched by Fifth Third Bank has reportedly freed up $1 million worth of loan debt for its customers. The Fifth Third Momentum is available to any Fifth Third debit card user and can be used with more than 30 major student-loan servicers, both public and private.
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Multifamily investment market is getting tougher still

Freddie Mac's Apartment Investment Index took a tumble thanks to rising property prices, interest rates
The Freddie Mac Apartment Investment Market Index fell 3.4% year-over-year in the first quarter, despite strong fundamentals. The index tracks 13 markets across the nation, aggregating employment data, permitting data net, operating income data and property price data to come up with a score that captures the investment climate in the multifamily market.
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From obsolete to absolutely: Old office buildings get new lease on life as multifamily buildings

According to Newmark Knight Frank, 8% of the office inventory is obsolete; adaptive-reuse could be the answer to declining ROI
Property owners of old or obsolete office buildings are turning their obsolescence blues into multifamily gold. According to a study by Newmark Knight Frank, 8% of the nation’s office inventory is obsolete, meaning building owners need to find new ways to make money off of their spaces.
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