Real Estate & Construction News (12/4/24) – Highest rate of office conversions, Fannie Mae & Freddie Mac Lending Caps and Affordability challenges for homebuyers
In our latest roundup, infrastructure-related ballot initiatives, U.S. Green Building Council’s success stories, support for sustainable building, and more!
- 2024 is expected to see the highest rate of office conversions since CBRE began tracking them in 2016. (Nish Amarnath SmartCities Dive).
- The Federal Housing Finance Agency established lending caps of each $73 billion for Fannie Mae, Freddie Mac and a total of $146 billion of multifamily loans by 2025. (Leslie Shaver, Multifamily Dive)
- A number of infrastructure-related initiatives with the potential to impact facilities managers were on the ballot during the 2024 U.S. presidential election. Joe Burns, Construction Dive
- Many professionals in construction expect that a second Trump administration will pull federal procurement funding away from initiatives to support sustainable building. Julie Strupp, Construction Dive,
- The U.S. Green Building Council has announced the release PERFORM, an offering that empowers organizations in transforming real estate portfolios to sustainability success stories. Deisy Verdinez from the U.S. Green Building Council
- As homebuyers continue to face affordability challenges, lower mortgage rates could ease some of their pain, but they could also attract more buyers and cause upward pressure on price. (Jeff Ostrowski, Bankrate)
