Everything you wanted to know about US and European housing finance but were too afraid to ask. Euromoney’s September edition explores the new investor landscape, the revival of European CMBS, and presents the winners of the Real Estate Awards 2013. We also examine the structural failure of the US real-estate market, the how and why of GSE reform, and explain how US municipalities need to look at new ways to increase revenues
The revival of viable, well-funded private-label mortgage issuance is the holy grail of the US housing market. Indeed, as the Fed contemplates the tapering of its $40 billion-a-month agency MBS purchases, it is becoming an urgent necessity. But without a wholesale rethink on how US housing is funded, the cards look stacked against it.
Blackstone is not just the biggest real estate investor in the world today, its the best according to the annual Euromoney survey. CBRE and Hines maintain their leading positions as advisors and developers respectively, while JPMorgan dislodges Deutsche Bank as the top real estate bank overall