Today’s News Synopsis:

ATTOM Data Solutions released their latest data on the single-family rental market for the third quarter, showing which markets are the best for these homes.  A similar report was released by Ten-X showing the best markets for single-family non-rentals, Florida and Las Vegas being at the top.  More and more people who want to own a luxury apartment in New York are wanting one thing in particular: driveways.

In The News:

Bloomberg – “Real Estate Investors Seek Shelter for Brexit’s Finance Refugees” (10-23-16)

“A property company managed by Schroders Plc is bidding for an office building in Frankfurt, anticipating the banking fallout from Brexit will boost values in the German financial center.”

Realty Trac – “22 Best High Yield & Low Vacancy Single-Family Rental Markets” (10-24-16)

“When crunching the data for our Q3 2016 Single Family Rental Market Report released last week, ATTOM Data Solutions identified five sets of local markets representing different types of opportunity in the single family rental space based on investor preferences and appetite for risk.”

PR Newswire – “Florida Cities And Las Vegas To Ten-X’s List Of Fall’s “Hottest” Single-Family Markets” (10-24-16)

“Ten-X, the nation’s leading online real estate marketplace, today released its Top Single-Family Housing Markets Report for Fall 2016, which ranks the nation’s 50 largest housing markets according to current and forecasted housing fundamentals.”

DS News – “Watt: FHFA Adjusting to “New Normal” of the Market” (10-24-16)

“‘Over the almost three years since I became the Director of FHFA, I’ve spent a lot of time wondering whether we’ll ever get to a “new normal” in the housing market and, if so, what the “new normal” will look like going forward,’ said FHFA Director Melvin Watt in a speech Monday.”

Freddie Mac – “Freddie Mac Loan Advisor Suite (SM) to Cut Mortgage Loan Origination Costs” (10-24-16)

“Freddie Mac (OTCQB: FMCC) today announced that it will add new capabilities to Loan Advisor Suite designed to take costs out of the loan origination process.”

CNBC – “Starwood CEO: ‘I’m bullish’ on real estate” (10-24-16)

“With home prices on the rise, international companies breaking into the U.S. travel space and the election almost over, Starwood Capital Group Chairman and CEO Barry Sternlicht said Monday that he is bullish about the future of the real estate market.”

Bloomberg – “New York’s Latest Must-Have Luxury Apartment Craze Is Driveways” (10-24-16)

“Jardim is the first New York project from Brazilian starchitect Isay Weinfeld: two, 11-story buildings in Manhattan’s West Chelsea.”

Fannie Mae – “Fannie Mae Announces Day 1 Certainty Initiative” (10-24-16)

“Fannie Mae (FNMA/OTC) today announced the launch of ground-breaking Day 1 Certainty™, a new initiative to provide its customers with freedom from representations and warranties on key aspects of the mortgage origination process.”