Commercial Real Estate & Business News – May 15, 2014

Phoenix ranks No. 14 and Mesa No. 9 on a new list of the Best Cities To Find a Job in the United States. WalletHub, a consumer advocacy group, analyzed the 60 largest cities in the U.S. and used 13 criteria for determining the best places to find a job in 2014… Read more
Sales of medical office buildings topped $6.7 billion in 2013, according to Real Capital Analytics, proof that this niche sector remains attractive to investors ranging from large institutional funds to the medical practice groups that buy their own facilities. Some experts in the field wonder if there will be enough product to meet investors’ needs. Already capitalization rates have reached a six-year low of 7.3 percent nationally, according to RCA data. And only 15 million sf of healthcare properties have been developed since 2011, compared with 41 million sf in 2008 and 2009… Read more
More than four months after being sworn in as the country’s top housing regulator, Federal Housing Finance Agency Director Mel Watt today gave the first public indication as to how he views the futures of Fannie Mae (FNMA) and Freddie Mac (FMCC), the mortgage giants he oversees. In a break with predecessor Edward DeMarco, Watt seems to be placing more emphasis on creating a robust mortgage market and less on reducing Fannie and Freddie’s role in home lending… Read more
4 reasons young Americans are staying out of the housing market. First-time home buyers haven’t been much help in the housing recovery, but it isn’t because young adults stopped aspiring to become homeowners…Read more
Home prices nationwide were 20% above the trough reached in the fourth quarter of 2011, but remained 21% below the peak reached in the first quarter of 2006. The analysis projects that price appreciation is expected to slow across all U.S. markets to 5.3% nationally through the end of 2014, slightly above its long-term annual average of 4.5% recorded since 1975… Read more