Real Estate and Construction News Roundup (12/4/24) – Highest Office Conversion Rate, Loan Caps for Fannie Mae and Freddie Mac, and Affordability Issues for Home Buyers | Pillsbury – Gravel2Gavel Construction and Real Estate Law

Real Estate and Construction News Roundup (12/4/24) - Highest Office Conversion Rate, Loan Caps for Fannie Mae and Freddie Mac, and Affordability Issues for Home Buyers | Pillsbury – Gravel2Gavel Construction and Real Estate Law

Check out our latest roundup for infrastructure-related ballot initiatives, U.S. Green Building Council 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 has set loan limits of $73 billion each for Fannie Mae and Freddie Mac, allowing them to purchase a total of up to $146 billion in multifamily loans in 2025. (Leslie Shaver, Multi-family dive)
  • The 2024 U.S. presidential election featured a number of infrastructure-related initiatives that could potentially impact facility managers. (Joe Burns, Construction diving)
  • Many construction professionals expect a second Trump administration to divert federal procurement dollars from initiatives that support sustainable construction. (Julie Strupp, Construction diving)
  • The US Green Building Council announced the release of PERFORM, a new offering that empowers companies to transform real estate portfolios into sustainability success stories. (Deisy Verdinez, US Green Building Council)
  • Because affordability challenges remain a major challenge for homebuyers, lower mortgage rates would alleviate some of these issues – but they could also attract more buyers into the market, putting upward pressure on prices. (Jeff Ostrowski, Bankrate)

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