Min Suh is the founder and CEO of Assess+RE, a commercial real estate financial data engine that aims to improve the efficiency and transparency of CRE investment. Suh has been a regular lecturer of real estate finance and financial modeling at Columbia University’s Masters in Real Estate Development program for 7 years and has lectured at other leading academic institutions.
[Expert commentary] Markets, including the U.S. housing economy, aren’t always rational. No matter how many booms and busts markets endure, there is always a temptation to think “this time, it’s different. This time, the value of my property may continue to increase another quarter or another year.” So, how do you deal with the ebbs and flows?
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.