Housing market activity is on the downtick, the Partnership for Global Infrastructure and Investment launches, the SEC proposes a climate rule that signals a new era for real estate, and more.
- The U.S. and other members of the G-7 including Canada, Germany, and Japan launched the Partnership for Global Infrastructure and Investment, which aims to raise $600 billion for global infrastructure projects. (Su-Lin Tan, CNBC)
- Housing market activity decreases rapidly, with mortgage rates spiking to the highest levels since 2009. (Andrea Riquier, Forbes Advisor)
- Industrial real estate developers increase the amount of cold-storage warehouses being built in the U.S., betting on pandemic-driven changes in the way consumers buy groceries and meals are here to stay. (Liz Young, The Wall Street Journal)
- The U.S. Securities and Exchange Commission (SEC) proposed a rule to enhance and standardize climate-related disclosure for investors, affecting publicly traded real estate companies and real estate investment trusts. (McKinsey & Company)
- According to the country’s second-largest real estate developer, Vanke Co., the worst of China’s record housing slump is finally over. (Bloomberg)
- Bidding wars that overheated the home-buyer market are now coming for rental properties. (Will Parker, The Wall Street Journal)
