Fed's Dudley urges quick shift from scandal-hit Libor rate

World financial markets must continue to quickly and safely shift from the scandal-plagued Libor reference rate to alternatives including a U.S. option that was born just last month, a Federal Reserve official leading the transition said on Thursday.

Read more... https://www.reuters.com/article/us-usa-fed-dudley/feds-dudley-urges-quick-shift-from-scandal-hit-libor-rate-idUSKCN1IP150

Buying a rental property: One landlord's advice to potential owners

"Location, location, location" might be the mantra when selecting a promising house or condominium in which to live. But when it comes to purchasing rental homes, other factors also weigh heavily, according to one Phoenix landlord with different types of properties in Las Vegas.

Read more.... https://www.azcentral.com/story/money/real-estate/2018/05/21/buying-rental-property-landlords-jeremy-kisner-advice-potential-owners/617691002/

Blackstone’s Canadian housing cousin says rentals just heating up

Last quarter, Tricon Capital Group Inc. used proprietary software to scrape 100,000 house listings in the U.S. Sunbelt states. It put offers on 1,500 and ended up buying about 400. This quarter, the Canadian firm expects to buy up to 600 more

Read more... https://www.bnnbloomberg.ca/blackstone-s-canada-housing-cousin-says-rentals-just-heating-up-1.1077782

Yun: What’s Holding Back Real Estate Sales

Short-term and longer-term predictions about real estate markets along with a substantive give-and-take about the proposed association dues increase were among the lively topics at the 2018 REALTORS® Legislative Meetings & Trade Expo on Thursday.

Read more... http://realtormag.realtor.org/daily-news/2018/05/18/yun-what-s-holding-back-real-estate-sales?utm_source=dlvr.it&utm_medium=twitter

Central Phoenix's Madison Grove Apartments sold for $21 million

A central Phoenix apartment complex fetched more than $21 million in a recent sale after the property had been renovated.

Read more... https://www.bizjournals.com/phoenix/news/2018/05/07/central-phoenix-apartments-sell-for-21-million.html

Freddie Mac outstrips Fannie Mae in multifamily guarantee growth by 19 percentage points

Freddie Mac's multifamily guarantee portfolio grew 30% year-over-year whereas Fannie Mae's grew by 11% from Q1 2017 to Q1 2018.

Read more... https://www.housingwire.com/articles/43273-freddie-mac-outstrips-fannie-mae-in-multifamily-guarantee-growth-by-19-percentage-points