Today’s News Synopsis:

Fannie Mae reported a 1.1 point drop in their Home Purchase Sentiment Index, showing that more consumers are pessimistic about the market.  The San Francisco Fed said the decision to have only one interest rate increase this year is a good idea considering what recent data has shown.  According to a recent survey by the Fed, bank loans are becoming more difficult to obtain.

In The News:

Fannie Mae – “Consumer Pessimism On Display as Home Purchase Sentiment Index Drops Again” (11-7-16)

“The Fannie Mae Home Purchase Sentiment Index® (HPSI) dipped 1.1 points to 81.7 in October, the third decrease in as many months.”

Bloomberg – “Fed Isn’t Shifting the Goal Posts on Rates, Its Researchers Say” (11-7-16)

“The Federal Reserve went from forecasting four interest rate increases in 2016 to projecting one, and San Francisco Fed economists say that’s perfectly consistent with data-dependency.”

Barron’s – “Commercial Real Estate Lending Standards Are Tightening” (11-7-16)

“Commercial real estate lending standards have tightened “appreciably” in recent quarters, finds Marketfield Asset Management’s Michael Shaoul in a new report Monday.”

Forbes – “The 10 Hottest Real Estate Markets for Investors in 2016” (11-7-16)

“You’ve heard the old real estate adage before: Success is all about ‘location, location, location.’  While there are obviously other factors that come into play for someone trying to build wealth through real estate, location definitely plays a vital role in determining one’s overall return on their investment.”

DNA Info – “Election Uncertainty Puts Pause on Real Estate Decisions, Brokers Say” (11-7-16)

“The presidential election is causing some serious anxiety among New York City’s real estate brokers, according to a report released Monday from the Real Estate Board of New York.”

Market Watch – “Banks continue to make commercial real estate loans tougher to get: Fed survey” (11-7-16)

“Banks continued to tighten lending standards to commercial real estate loans in the third quarter, according to a Federal Reserve survey released Monday.”

Construction Dive – “MIT launches data-driven real estate research lab” (11-7-16)

“The Massachusetts Institute of Technology’s Center for Real Estate has launched the MIT Real Estate Innovation Lab, which will explore new building design concepts, 3-D printing, modular construction and data for buildings and cities.”

CNBC – “What voters are saying in this Florida city crushed by foreclosures” (11-7-16)

“At the Tradition community here, joggers share the sidewalks with skinny-legged cranes, young parents bring their toddlers to the town square to learn how to walk and the homes lining the pristine streets are selling for about half of what they did a decade ago.”