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Top City Programs for Office-to-Residential Conversions

Top City Programs for Office-to-Residential Conversions

Where the World’s Highest Temperatures Were Recorded, The house from Archive 81

June 29, 2026

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Latest Rates

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Loan Type	Current Rate	Day Change	1 Week	1 Month	1 Year	52-Week Range
30 Yr. Fixed	6.53%	+0.00%	-0.13%	-0.04%	-0.38%	5.99% - 7.13%
15 Yr. Fixed	6.12%	+0.00%	-0.07%	+0.02%	-0.01%	5.38% - 6.52%
30 Yr. FHA	6.07%	-0.03%	-0.16%	-0.11%	-0.18%	5.64% - 6.54%
30 Yr. Jumbo	6.76%	-0.01%	-0.09%	-0.08%	-0.11%	6.10% - 7.45%
7/6 SOFR ARM	6.23%	+0.00%	-0.14%	-0.08%	-0.11%	5.29% - 7.25%
30 Yr. VA	6.09%	-0.03%	-0.16%	-0.13%	-0.17%	5.64% - 6.55%

Date	30 Yr Fixed	15 Yr Fixed	30 Yr Jumbo	7/6 ARM	30 Yr FHA	30 Yr VA
06/26/26	6.53%	6.12%	6.76%	6.23%	6.07%	6.09%
06/25/26	6.53%	6.12%	6.77%	6.23%	6.10%	6.12%
06/24/26	6.55%	6.15%	6.79%	6.22%	6.15%	6.17%
06/23/26	6.65%	6.19%	6.85%	6.37%	6.23%	6.25%
06/22/26	6.66%	6.20%	6.85%	6.42%	6.25%	6.26%

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Macro Trends

The Fed's Gold Vault Is Smaller Than You Think Link

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Real Estate Trends

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Top City Programs for Office-to-Residential Conversions Link

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Major cities like Boston and New York City are fast-tracking the conversion of empty office spaces into housing by providing tax breaks and cutting down on red tape.
Places like Chicago and Washington, D.C., are handing out financial backing through tax increment financing and long-term tax abatements to make these complex projects more affordable for developers.
Los Angeles is tackling the housing shortage by easing zoning restrictions and offering architectural flexibility based on where a building is located and how old it is.

Mortgage Rates Rise to 6.52% After Inflation Surge but Buyers Remain in the Hunt Link

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The average 30-year fixed mortgage rate bumped up to 6.52% after employment numbers beat forecasts and inflation hit a three-year high of 4.2%.
Even with higher borrowing costs, homebuyers are staying active in the market due to strong job momentum and sellers cutting asking prices to attract demand.

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A Quick Word From Our Sponsor

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The S&P 500 Has Become One Big Bet. It’s Only Getting Bigger.

The index's top ten stocks make up nearly 40% of its total value as of Q226. All have some connection to AI.

Now SpaceX is filing its IPO. Priced at 92x sales. Lost $5 billion last year.

Robert Arnott, chairman of Research Affiliates, called it "ludicrous" in the WSJ this month but said he'd gladly buy SpaceX anyway. His reason? Index funds have to buy it to avoid trailing the benchmark.

It’s becoming a very crowded boat, and moreso with Anthropic and OpenAI IPOs around the corner.

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Home Flipping Returns Edge Up After Seven Quarters of Decline Link

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Typical profit margins for flipped homes rose to 25.4 percent in the first quarter of 2026, ending a seven-quarter streak of declining returns.
Even though profit margins improved, the total number of home flips actually went down compared to both the previous quarter and last year.

Location Specific

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Pittsburgh Multifamily Sector in 'Near Term Pause' as Tailwinds Favor Recovery Link

The market is seeing a brief pause because net absorption turned negative and occupancy dropped slightly to 93.6 percent in the first quarter.
Supply pressures are easing as both new deliveries and units under construction slowed down compared to late last year.
Average asking rents actually ticked up to $1,325 per month, and high homeownership costs are keeping people renting for longer periods.

AI & Real Estate - Today’s Trends

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Tool of the day: Cadastral

AI Agents for all Real Estate Use Cases

The Real Estate AI Adoption Gap link

While a small cohort of tech-forward U.S. real estate firms are rapidly leveraging AI to scale operations, a massive adoption gap is widening against traditional brokerages that risk structural obsolescence by failing to integrate these tools.

AI Home Prices link

Advanced artificial intelligence models are beginning to directly dictate local U.S. property valuations and predictive asking prices, fundamentally altering market liquidity and how buyers gauge competitive home offers.

Proptech Startups That Just Got Funded

SquareYards, an Indian mortgage tech, raised $95M led by EAAA Alternatives.
Rentify, a Saudi rental revenue mgmt platform, raised a $2M seed round.

Pro Member Only Content Below

Most of the insights below stem from extra research and include content from paid sources and special reports.

New ACCESS Payment Model Could Be ‘Golden Opportunity’ for Senior Living Operators